State Street Corporation reported beneficial ownership of 7,353,946 shares of Commerce Bancshares, Inc. common stock, representing 5% of the class. All shares are held with shared dispositive power, and State Street has shared voting power over 1,074,864 of these shares, with no sole voting or dispositive power. The position is held through several asset management subsidiaries, including SSGA Funds Management, Inc. and various State Street Global Advisors entities acting as investment advisers.
Commerce Bancshares Senior Vice President David L. Roller exercised 3,507 Stock Appreciation Rights, converting them into common stock at an exercise price of $39.8997 per share on August 4, 2026. On the same day, 830 shares were sold at a weighted average $60.2766 per share, with additional shares withheld or returned to the issuer for exercise costs and taxes, leaving 2,176 shares held indirectly in a 401(k) account.
Commerce Bancshares, Inc. reported higher earnings in 2026. Net income attributable was $159,790 thousand for the quarter and $301,413 thousand for the six months ended June 30, 2026, compared with $152,479 thousand and $284,071 thousand in 2025. Diluted EPS was $1.10 for the quarter and $2.06 year‑to‑date.
Total assets were $35,269,167 thousand at June 30, 2026, up from $32,915,089 thousand at December 31, 2025, with loans increasing to $20,833,481 thousand and deposits to $27,875,702 thousand. The allowance for credit losses on loans rose to $195,375 thousand, plus $20,119 thousand for unfunded lending commitments, while non‑accrual loans totaled $11,618 thousand.
On January 1, 2026 the company acquired FineMark Holdings, Inc., with total consideration at a fair value of $524.5 million, including assets of $3,966,516 thousand, liabilities of $3,549,295 thousand, $107,266 thousand of goodwill and $138,082 thousand of identifiable intangibles, and $19.1 million of post‑closing transaction costs. Investment results included $114.3 million in gains on equity securities, largely from Visa share exchanges and sales, and a $97.7 million realized loss from selling $904.7 million of lower‑yielding available for sale debt securities and reinvesting in higher‑yielding U.S. Treasuries. The available for sale portfolio carried $629.5 million of unrealized losses in accumulated other comprehensive income.
Commerce Bancshares Executive Vice President Robert S. Holmes sold 5,000 shares of common stock on 2026-07-30 at $60.20 per share in an open-market or private transaction. After this sale, he directly owns 55,962 shares of Commerce Bancshares common stock. The Rule 10b5-1 plan checkbox was unchecked.
John W. Kemper, President and CEO of Commerce Bancshares Inc (CBSH), exercised Stock Appreciation Rights covering 26,386 shares of common stock on 2026-07-29. Related transactions used shares to pay exercise price or tax liability, returned shares to the issuer, and included a sale of 5,830 shares at prices between $60.565 and $60.62 per share. The filing also reports 284,092 shares of common stock held indirectly through Tower Properties Co, and the Rule 10b5-1 trading plan checkbox was not marked.
A holder of CBSH common stock filed a notice of intent to sell up to 5,000 shares through Fidelity Brokerage Services LLC on NASDAQ, with an indicated aggregate market value of $301,000.00 as of the planned sale date of July 30, 2026.
The shares relate to prior restricted stock vesting awards from the issuer, including 2,174 shares vested on January 24, 2022 and 2,826 shares vested on February 2, 2025, both received as compensation.
Commerce Bancshares Senior Vice President Derrick Brooks reported two non-derivative transactions in the company’s common stock. On 2026-07-28, he executed an open-market or private sale of 1,041 shares at $59.6350 per share. On 2026-07-27, a separate disposition of 427 shares at $59.0000 per share reflected shares delivered or withheld to satisfy an exercise price or tax liability.
Commerce Bancshares Exec. Vice President and CFO Charles G. Kim exercised 9,662 Stock Appreciation Rights at an exercise price of $36.4398 per share into an equal number of common shares on July 27, 2026. On the same date, he sold 19,771 common shares in open-market or private transactions at an average price of $59.179 per share, with individual sale prices ranging from $59.045 to $59.375. In connection with the award exercise, 1,646 shares were disposed of at $59.43 per share to satisfy exercise price or tax obligations, and an additional 5,925 shares were disposed of to the issuer at $59.43 per share. After these transactions, he reports 55,711 common shares held indirectly through a 401(k) plan.