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Commerce Bancshares, Inc. (NASDAQ: CBSH) announced a stock repurchase program for up to 5,000,000 total shares of the Company’s common stock. The buyback program allows repurchases through various methods and at management's discretion. There is no obligation to purchase a specific number of shares, and the program may be adjusted or terminated by the Company at any time.
Commerce Bancshares, Inc. (NASDAQ: CBSH) ha annunciato un programma di riacquisto azionario per un totale di fino a 5.000.000 di azioni ordinarie della società. Il programma di buyback prevede riacquisti tramite vari metodi e a discrezione della direzione. Non vi è alcun obbligo di acquistare un numero specifico di azioni e il programma può essere modificato o terminato dalla società in qualsiasi momento.
Commerce Bancshares, Inc. (NASDAQ: CBSH) anunció un programa de recompra de acciones por un total de hasta 5,000,000 de acciones comunes de la Compañía. El programa de recompra permite adquisiciones a través de varios métodos y a discreción de la gerencia. No hay obligación de comprar un número específico de acciones, y el programa puede ser ajustado o terminado por la Compañía en cualquier momento.
Commerce Bancshares, Inc. (NASDAQ: CBSH)는 회사의 보통주 최대 5,000,000주에 대한 주식 매입 프로그램을 발표했습니다. 이 매입 프로그램은 경영진의 재량에 따라 다양한 방법으로 매입을 허용합니다. 특정 수의 주식을 매입할 의무는 없으며, 프로그램은 회사에서 언제든지 조정하거나 종료할 수 있습니다.
Commerce Bancshares, Inc. (NASDAQ : CBSH) a annoncé un programme de rachat d'actions pour un total de jusqu'à 5 000 000 actions ordinaires de la Société. Le programme de rachat permet des acquisitions par diverses méthodes et à la discrétion de la direction. Il n'y a aucune obligation d'acheter un nombre spécifique d'actions, et le programme peut être ajusté ou terminé par la Société à tout moment.
Commerce Bancshares, Inc. (NASDAQ: CBSH) hat ein Aktienrückkaufprogramm für insgesamt bis zu 5.000.000 Stammaktien der Gesellschaft angekündigt. Das Rückkaufprogramm erlaubt Erwerbungen durch verschiedene Methoden und liegt im Ermessen des Managements. Es besteht keine Verpflichtung, eine bestimmte Anzahl von Aktien zu kaufen, und das Programm kann jederzeit von der Gesellschaft angepasst oder beendet werden.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that its Board of Directors approved the repurchase, in combination with the amount remaining from the prior authorization on April 20, 2022, of up to 5,000,000 total shares of the Company’s common stock through its share repurchase program. Repurchases under this program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations. Repurchases, if any, under the program will be made at the sole discretion of management, and the timing and actual number of shares repurchased will depend upon market pricing and conditions, business, legal, accounting and other considerations. The buyback program does not obligate the Company to purchase any particular number of shares and there is no guarantee as to the exact number of shares that will be repurchased by the Company. The program may be suspended, modified or terminated by the Company at any time and for any reason, without prior notice.
About Commerce Bancshares, Inc.
With $30.4 billion in assets1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. Beyond the Midwest, Commerce also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids and wealth offices in Dallas, Houston and Naples. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial and wealth offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.
1As of March 31, 2024
Forward Looking Information
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions, and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. Additional information about risks and uncertainties is included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within the Company's Annual Report on Form 10-K.
What did Commerce Bancshares, Inc. announce regarding its stock repurchase program?
Commerce Bancshares, Inc. announced a stock repurchase program for up to 5,000,000 total shares of the Company’s common stock.
How will the stock repurchase program by Commerce Bancshares, Inc. be conducted?
Repurchases under this program may be made from time to time through open market purchases, privately negotiated transactions, or other compliant methods.
Is there a guarantee on the exact number of shares that will be repurchased by Commerce Bancshares, Inc.?
There is no guarantee on the exact number of shares that will be repurchased by Commerce Bancshares, Inc., as the program allows flexibility based on various factors.
Can the stock repurchase program by Commerce Bancshares, Inc. be modified or terminated?
Yes, the stock repurchase program may be suspended, modified, or terminated by the Company at any time and for any reason, without prior notice.
commerce bank, a missouri-based company, operates as a super-community bank offering an array of sophisticated financial products delivered with high-quality, personal customer service including: • lending; • payment systems and processing; • trust and brokerage services; • capital markets; • full-feature online banking; • a central contact center; and • an expansive atm network. commerce serves its customers in more than 200 branches in missouri, kansas, illinois, oklahoma and colorado, as well as commercial offices in cincinnati, nashville, and dallas. we believe in conducting business with the highest standards of governance and ethics. we provide products and services that meet the rising expectations of our customers; attract and retain quality employees; support our communities; and work to lessen our environmental impact. we have headquarters in kansas city and st. louis with a fifth-generation of family management and empowered local managers in our community banks.
