Commerce Bancshares Inc. (CBSH) had Vanguard Capital Management report beneficial ownership of 7,417,389 common shares, or 5.17% of the class, as of September 30, 2026. Vanguard reported sole voting power over 1,077,380 shares and sole dispositive power over 7,417,389 shares, with no shared voting or dispositive power. The reported securities include holdings of Vanguard funds and client accounts over which Vanguard affiliates or business divisions exercise voting or dispositive power.
Commerce Bancshares, Inc. reported third-quarter 2026 diluted earnings of $1.08 per share and net income attributable to the company of $155.0 million, compared with $1.01 and $141.5 million a year earlier and $1.10 and $159.8 million in Q2. Total revenue was $494.3 million, up 12.1% year over year and down 0.9% from Q2. Net interest income was $308.9 million, down $6.2 million sequentially; non-interest income was $185.5 million, up $24.0 million year over year, mainly due to higher trust and bank-card fees. Non-interest expense was $285.9 million, down 3.7% sequentially and up 17.2% year over year, including costs associated with FineMark.
Average loans were $20.7 billion, up $172.3 million from Q2, while average deposits were $27.2 billion, down $361.6 million. Net yield on interest-earning assets was 3.71%; excluding TIPS inflation income, the prior-quarter yield was 3.66%. The allowance for credit losses on loans was $197.8 million, or 0.93% of total loans, at September 30, 2026. Commerce paid a $0.275 per-share cash dividend, a 5% increase over the same period last year, and repurchased approximately 1.9 million shares at an average $58.84 per share. It completed its acquisition of investment banking firm Nolan & Associates on October 1, 2026.
Commerce Bancshares Inc (CBSH) Executive Chairman and director David W. Kemper reported an indirect acquisition of 128 common shares on September 22, 2026, through an “Exec Comp Plan,” at $56.6408 per share. The transaction row reports 26,565 shares following the acquisition. A separate holding entry attributes 1,264,784 shares to CBSH & TP Stock Management, LLC, of which Kemper is a manager.
COMMERCE BANCSHARES INC (symbol: CBSH) is the issuer of record for a Form 4 filing submitted to the SEC. BARTH KEVIN G reported acquisition or exercise transactions in this Form 4 filing.
Commerce Bancshares Inc. (CBSH) Executive Vice President Kevin G. Barth received an award of 118 common shares on September 22, 2026, at a reported per-share value of $56.6408. Following the award, 24,374 shares were reported through an executive compensation plan.
COMMERCE BANCSHARES INC (CBSH) reported that Senior Vice President Jennifer B. Upton exercised stock appreciation rights on September 4, 2026, converting rights into 440 shares of common stock at exercise prices of $37.9095 and $39.1416 per share. A total of 44 shares of common stock were delivered or withheld for payment of exercise price or tax liability, and 291 shares were reported as dispositions to the issuer on the same date. The filing reports no Rule 10b5-1 trading plan.
COMMERCE BANCSHARES INC (CBSH) reported an initial ownership filing for Senior Vice President Jennifer B. Upton. The filing lists multiple outstanding stock appreciation rights tied to common stock, with exercise prices ranging from $37.9095 to $61.7333 and expirations from March 2, 2027 to March 3, 2035, and shows 1,630 shares of common stock held directly. All entries are holdings, not new purchases or sales.
COMMERCE BANCSHARES INC (CBSH) reported that Senior Vice President Douglas D. Neff exercised previously granted stock appreciation rights and adjusted his common stock holdings. On 2026-08-27 he exercised stock appreciation rights for 1,393 shares at an exercise price of $37.9094 per share and 1,396 shares at $39.1416 per share, receiving an equivalent number of common shares. In connection with these exercises, 273 common shares at $58.10 per share were delivered or withheld for payment of exercise price or tax liability, and 1,850 common shares at $58.10 per share were disposed of to the issuer. Neff also sold 666 common shares at $58.145 per share. Following these transactions, he reported indirect ownership of 722 common shares through a 401(k) account. Footnotes state that the stock appreciation rights vest in four equal annual installments beginning March 2, 2018 and March 1, 2019, respectively.
COMMERCE BANCSHARES INC (CBSH) received a Rule 144 notice covering a planned sale of its common stock by officer Douglas D. Neff. The notice lists up to 666 shares of common stock to be sold through Fidelity Brokerage Services LLC, with an aggregate market value of $38,724.57 and a sale date of August 27, 2026 on NASDAQ. The shares were acquired from the issuer as compensation via stock appreciation rights on the same date. The notice states no shares were sold during the past three months.
COMMERCE BANCSHARES INC (CBSH) executive David L. Orf reported multiple equity transactions on August 14, 2026. He exercised 2,547 Stock Appreciation Rights (1,194 at an exercise price of $37.9094 and 1,353 at $39.1416), receiving the same number of common shares. On the same date, he disposed of common stock through several mechanisms: 642 shares were sold at $60.35 per share, 275 shares were delivered or withheld for payment of exercise price or tax liability at $60.31 per share, and 1,630 shares were returned to the issuer at $60.31 per share. Following these transactions, he also reported 24,982 shares of common stock held indirectly through a 401(k) plan.