Commerce Bancs Stock Price, News & Analysis

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.265 per share, up from $0.25 following a previous 5% stock dividend paid on December 17, 2021. This represents a 6% increase in the quarterly dividend and marks the 54th consecutive year of dividend increases. The dividend is payable on March 23, 2022 to stockholders of record as of March 8, 2022. As of December 31, 2021, the company holds $36.7 billion in assets.

Commerce Bancshares, Inc. reported earnings of $0.94 per share for Q4 2021, down from $1.05 in the same quarter last year. Net income was $114.9 million, compared to $129.9 million a year earlier. Key highlights include a 3.0% decrease in net interest income to $207.7 million, driven by lower interest income from PPP loans, while non-interest income rose 9.3% to $147.7 million. Trust fees increased by 16.5%, reflecting strong customer retention. Total assets grew to $36.7 billion, with non-accrual loans decreasing to $9.2 million.

Commerce Bancshares, Inc. (NASDAQ: CBSH) has announced a 5% common stock dividend payable on December 17, 2021, for shareholders of record as of December 2, 2021. In addition, a quarterly dividend of $0.2625 per share will also be disbursed on the same date. Commerce Bancshares holds approximately $34.5 billion in assets and provides various banking services across the Midwest.

Guidewire Software (NYSE: GWRE) partners with Commerce Bank (NASDAQ: CBSH) to introduce the new PreferPay® integration for ClaimCenter, aimed at enhancing policyholder satisfaction and reducing claims payment costs. This digital-first claims payment platform allows insurers to offer faster payment options through an automated, mobile-friendly portal. Key features include the ability to manage one-time and recurring payments, attach relevant documents, and track payment status in real-time. This integration supports a transition from traditional checks to digital payments, ultimately benefiting both payees and insurers.

Commerce Bank and Copart, Inc. (NASDAQ:CPRT) have launched a new payment system that drastically reduces the typical 30-day settlement period for salvage total loss claims in the insurance industry to just five days. This solution utilizes CommercePayments® PreferPay® to automate several cumbersome processes, enhancing efficiency and providing quicker fund access to consumers. Despite challenges from the COVID-19 pandemic, the partnership aims to process around 1.5 million payments per year. Commerce Bank has $34.5 billion in assets, while Copart leads the online vehicle auction sector.

Commerce Bancshares, Inc. reported Q3 2021 earnings of $1.05 per share, a slight decline from $1.06 year-over-year and $1.38 in the previous quarter. The net income for the quarter stood at $122.6 million, down from $132.4 million in Q3 2020 and $162.3 million in Q2 2021. Notably, non-interest income grew by 6.1% to $137.5 million, driven by higher trust and bank card fees. However, average loans decreased by 4.6% to $15.3 billion.

The company declared a cash dividend of $.263 per share, marking a 2.1% increase.

CommerceHealthcare has streamlined patient financing by integrating Health Services Financing (HSF^®) with Epic MyChart. This integration enables quicker patient enrollment, simplifying the process for both patients and providers. Patients can now complete enrollment in minutes through their MyChart accounts, automating demographic details and charge selection. Funding for providers is available the next business day. HSF^® has financed over $1 billion in patient loans since its launch in 2012, reducing accounts receivable days for healthcare providers.

Commerce Bancshares, Inc. (NASDAQ: CBSH) declared a quarterly dividend of $0.2625 per share on its common stock. This dividend is payable on September 23, 2021, to stockholders of record as of September 7, 2021. With $33.9 billion in assets, Commerce Bancshares provides a full range of banking services, including payment solutions and investment management, across the Midwest and beyond.