Welcome to our dedicated page for Commerce Bancs news (Ticker: CBSH), a resource for investors and traders seeking the latest updates and insights on Commerce Bancs stock.
Commerce Bancshares Inc. reports developments for a regional bank holding company whose primary subsidiary, Commerce Bank, provides banking, payment solutions, wealth management and securities brokerage. Company news commonly covers quarterly earnings, credit and fee-income trends, common-stock dividends, share repurchase authorization, annual meeting activity and balance-sheet portfolio actions.
Commerce also reports on its Commercial, Retail Banking and Wealth operations, including lending, deposits, cash management, mortgage banking, card services, trust, brokerage and investment management. Following the completed FineMark acquisition, recurring updates include the expansion of private banking and wealth management in Florida, Arizona and South Carolina, alongside Commerce's Midwest banking center network and nationwide payment solutions.
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.
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.265 per share, payable on June 22, 2022, to stockholders on record by June 7, 2022. The company, with $35 billion in assets as of March 31, 2022, provides a full range of banking services including payment solutions and investment management, primarily through its subsidiary, Commerce Bank, serving various regions across the U.S.
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that its 2022 annual meeting of shareholders will be held virtually on April 20, 2022, at 9:30 a.m. CDT, due to the ongoing impacts of COVID-19. Shareholders recorded by February 15, 2022, can participate and vote online using their control numbers found on proxy cards. Others may attend as guests but cannot vote or ask questions. Commerce Bancshares manages about $35 billion in assets and offers a full range of banking services across the U.S.
Commerce Bancshares, Inc. reported Q1 2022 earnings of $0.97 per share, down from $1.06 in Q1 2021. Net income was $118.2 million, compared to $131.0 million a year ago. The increase in loan demand and a growing net interest margin were noted, with net interest income rising slightly to $208.8 million. However, non-interest income decreased by $15.9 million to $131.8 million. Average loans totaled $15.2 billion, increasing by $130.1 million from the previous quarter. The allowance for credit losses decreased to $134.7 million, representing 0.87% of total loans.
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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.