Commerce Bancs Stock Price, News & Analysis

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.

Commerce Bancshares reported second-quarter 2021 earnings of $1.38 per share, a significant increase from $0.32 year-over-year and $1.11 in the previous quarter. The net income reached $162.3 million, up from $39.9 million in Q2 2020 and $131.0 million in Q1 2021. Key metrics showed a return on average assets of 1.93% and a return on average equity of 19.12%. Average deposits grew by $1.2 billion, while loan balances fell 2.1%. The company also reported a cash dividend increase of 2.1% over last year.

Commerce Bancshares, Inc. (NASDAQ: CBSH) declared a quarterly dividend of $0.2625 per share on its common stock. This dividend is set to be paid on June 21, 2021, to shareholders of record as of June 4, 2021. With total assets of $33.3 billion as of March 31, 2021, Commerce Bancshares provides a wide range of banking services, including payment solutions and investment management, primarily in the Midwest region.

Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that its 2021 annual meeting of shareholders will be conducted virtually on April 21, 2021, at 9:30 a.m. CDT. This decision is in response to the ongoing COVID-19 pandemic, prioritizing the health of its directors, officers, employees, and shareholders. Shareholders recorded as of February 16, 2021, can participate with a control number and password (CBSH2021), while others may attend as guests without voting rights. Commerce Bancshares boasts $33.3 billion in assets, providing a range of banking services across the Midwest.

Commerce Bancshares is strengthening its partnership with SixThirty, a venture capital firm focused on enterprise technology startups. This collaboration aims to foster innovation in fintech, insurtech, digital health, and cybersecurity. Commerce will invest in promising ideas while providing mentorship to participating companies in SixThirty's go-to-market program. Key executives will join SixThirty's Investment Committee. With $33.3 billion in assets, Commerce Bancshares continues to build a strong presence in the financial services community.