Commerce Bancs Stock Price, News & Analysis

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.27 per share, reflecting a 7% increase from the previous dividend of $0.252. This marks the 55th consecutive year of dividend increases for the company. The dividend will be payable on March 27, 2023, to shareholders on record by March 7, 2023. As of December 31, 2022, the company holds $31.9 billion in assets, continuing to provide comprehensive banking services across the Midwest.

CommerceHealthcare has launched its fifth annual Healthcare Finance Trends for 2023 report, outlining key challenges in the healthcare sector. The report identifies multiple financial stress points affecting healthcare's stability, including rising acuity levels and reimbursement gaps. Strategies pivot towards outpatient, virtual, and acute home care, with a strong emphasis on improving the Patient Financial Experience. Additionally, 28% of Americans feel less prepared for healthcare expenses. Cybersecurity remains a critical concern, alongside the need for digital transformation in healthcare finance, projected to grow 23% annually in digital payments.

Commerce Bancshares, Inc. reported a Q4 2022 earnings of $1.04 per share, a rise from $0.90 in Q4 2021, with a net income of $131.6 million, up from $114.9 million year-over-year. The net interest income increased to $254.6 million, and average loans rose by 1.5% to $15.9 billion. However, non-interest income slightly fell to $136.8 million, reflecting lower trust and deposit account fees. Total assets decreased by 2.2% to $31.9 billion, and the efficiency ratio was 55.3%. The company also repurchased 332,178 shares at an average price of $70.15.

Commerce Bank has announced a definitive agreement to acquire L.J. Hart & Company, a prominent municipal bond underwriter and advisor based in Chesterfield, MO. The transaction aims to enhance Commerce Bank's institutional fixed-income business, which currently employs over 50 professionals. L.J. Hart & Company has served more than 300 Missouri public school districts and underwritten over 2,600 municipal financings totaling over $7.3 billion. The deal awaits regulatory approval, and Commerce Bank intends to retain the L.J. Hart & Company brand and staff.

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly cash dividend of $0.265 per share payable on December 16, 2022, with the record date set for December 2, 2022. Additionally, a 5% stock dividend has been approved, also payable on December 19, 2022, to shareholders of record on the same date. No fractional shares will be issued, and cash will be given for any fractional interests based on market value. The total assets of Commerce Bancshares, Inc. were reported at $32.6 billion as of September 30, 2022.

Commerce Bancshares, Inc. reported earnings of $1.02 per share for Q3 2022, up from $0.99 a year ago. Net income reached $122.8 million, slightly higher than $122.6 million in Q3 2021. For the first nine months, EPS declined to $2.95 from $3.37 in 2021. Net interest income rose to $246.4 million, reflecting a net interest margin increase to 3.01%. However, average deposits fell by 3.4%, totaling $27.5 billion. The bank maintained solid credit quality with charge-offs at 0.12% of average loans.

Commerce Bank has launched Commerce Connections® Direct, an integrated banking solution developed in partnership with FISPAN. This service allows customers to automate payments and financial processes directly within their Enterprise Resource Planning (ERP) systems, including QuickBooks® Online and Sage Intacct®. With minimal technical burden, users can streamline functionalities such as account reconciliation and payment initiation, enhancing efficiency and reducing errors. The bank, managing $33.4 billion in assets, aims to leverage existing ERP investments to benefit its clientele.

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.265 per share. The dividend is payable on September 22, 2022 to stockholders of record as of September 7, 2022. With $33.4 billion in assets as of June 30, 2022, Commerce Bancshares offers comprehensive banking services and operates across various U.S. regions, focusing on delivering financial solutions to individuals and businesses.

Commerce Bancshares, Inc. reported Q2 2022 earnings of $0.96 per share, down from $1.32 in Q2 2021 and $0.97 in Q1 2022. Net income totaled $115.8 million, declining from $162.3 million year-over-year. For the first half of 2022, EPS was $1.93 compared to $2.38 in the same period last year. Net interest income increased to $232.4 million, driven by a growing net interest margin of 2.79%. Average loans rose to $15.5 billion, while total deposits decreased by $622.5 million. Non-interest income improved to $139.4 million, indicating resilient performance amid economic uncertainties.