COMMERCE BANCSHARES INC /MO/ SEC Filings

A holder of CBSH common stock has filed to sell up to 39,731 shares through Fidelity Brokerage Services LLC on the NASDAQ, with an aggregate market value of $2,349,023.84. The filing reports total common shares outstanding of 145,777,158 and lists an approximate sale date of July 27, 2026. The shares were acquired over several years as compensation through multiple “Restricted Stock Vesting” events between 2019 and 2023, and a stock appreciation right (“SAR”) dated July 27, 2026.

Commerce Bancshares, Inc. corrected a typographical description of asset growth and at the same time reported solid second‑quarter 2026 results. The amended statement now reads that assets under administration grew $3.1 billion, or 3.4%, over the prior quarter.

Diluted earnings per share were $1.10, compared with $1.09 in the same quarter of 2025 and $0.96 in the first quarter of 2026, on net income of $159.8 million. Net interest income was $315.1 million and non‑interest income $183.8 million, with net interest margin improving to 3.77%. For the quarter, return on average assets was 1.84%, return on average equity 14.70%, and the efficiency ratio 58.40%.

Average loans were $20.5 billion and average deposits $27.6 billion. Credit quality indicators remained favorable, with annualized net loan charge‑offs at 0.19% of average loans and non‑accrual loans at 0.06% of total loans. Commerce repurchased approximately 2.1 million shares for $110 million and paid a quarterly dividend of $0.275 per share.

Commerce Bancshares, Inc. reported second-quarter 2026 diluted EPS of $1.10, up from $0.96 in the prior quarter and $1.09 a year earlier. Net income was $159.8 million, driven by higher net interest income, stronger fee revenue and a lower provision for credit losses, partly offset by higher operating expenses.

Net interest income rose to $315.1 million as the net yield on interest-earning assets increased 18 basis points to 3.77%, helped by loan growth and securities portfolio repositioning. Total revenue was about $498.9 million, with non-interest income of $183.8 million representing 36.8% of revenue. Average loans increased to $20.5 billion while average deposits were $27.6 billion, producing a 74.4% average loan-to-deposit ratio.

Credit metrics remained conservative: annualized net loan charge-offs were 0.19% of average loans, non-accrual loans were 0.06% of loans, and the allowance for credit losses on loans was $195.4 million, or 0.94% of loans. Return on average assets was 1.84% and return on average equity 14.70%. The company repurchased approximately 2.1 million shares for $110 million and paid a quarterly dividend of $0.275 per share.

KIM CHARLES G reported acquisition or exercise transactions in this Form 4 filing.

Commerce Bancshares executive vice president and CFO Charles G. Kim reported an equity grant of Common Stock. He received 44,262 shares as a grant or award at $58.74 per share, increasing his direct holdings to 137,090 shares. A separate line reports 55,527 shares of Common Stock held indirectly through a 401(k) account, reflecting retirement-plan ownership rather than a market trade.

Commerce Bancshares Executive Vice President Kevin G. Barth reported a stock award on Common Stock. On July 1, 2026, he received a grant of 44,262 shares at an indicated value of $58.74 per share, increasing his direct holdings to 89,007 shares.

In addition to these direct shares, the filing lists indirect ownership positions, including 24,256 shares held through an executive compensation plan, 15,512 shares held by his spouse, and 50,935 shares held in a 401(k) account. The reported activity reflects a compensation-related acquisition rather than an open-market purchase.

Commerce Bancshares, Inc. approved special equity awards as part of its succession planning. The Compensation and Human Resources Committee granted time-vested restricted stock units to Executive Vice President Kevin G. Barth and Executive Vice President and CFO Charles G. Kim on July 1, 2026. Each award covers 44,262 RSUs tied to the company’s common stock, vesting on a three-year cliff basis if the executive remains employed. The grants provide pro rata vesting upon death or disability, but not upon retirement before the vesting date, and include a non-competition covenant that applies after any termination of service. The awards are issued under the company’s Equity Incentive Plan using a previously established RSU agreement form with the noted modifications.

KEMPER DAVID W reported acquisition or exercise transactions in this Form 4 filing.

Commerce Bancshares Executive Chairman David W. Kemper reported updated holdings of the company’s common stock. The filing shows an indirect grant of 131 shares under an executive compensation plan at a reference price of $55.2899 per share.

After this award, Kemper holds 1,269,451 shares directly and additional indirect positions held through various trusts and entities, each listed with its own share balance as of the transaction date.

Commerce Bancshares Executive Vice President Kevin G. Barth reported updated holdings and a small share award in company stock. On June 23, 2026, he indirectly acquired 120 shares of Common Stock through an executive compensation plan at $55.2899 per share, classified as a grant or award.

After this award, Barth reports 44,745 shares held directly. Indirectly, 15,512 shares are reported as held by his spouse, 50,935 shares through a 401(k) account, and 24,256 shares through the executive compensation plan. The filing reflects compensation-related ownership rather than open‑market trading.

Commerce Bancshares director June McAllister Fowler sold 200 shares of Common Stock in an open-market transaction. The sale occurred at an average price of $55.035 per share. After this transaction, she directly holds 6,233 shares of Commerce Bancshares Common Stock.