Commerce Bancshares, Inc. (OQ:CBSH)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 1000 Walnut St
KANSAS CITY MO 64106-2145
Tel: N/A
Website: https://www.commercebank.com
IR: See website
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Key People
David W. Kemper
Executive Chairman of the Board
Patricia R. Kellerhals
Senior Vice President
John W. Kemper
President, Chief Executive Officer, Director
Charles G. Kim
Chief Financial Officer, Executive Vice President
Kevin G. Barth
Executive Vice President of the Company and the Bank
Daniel D. Callahan
Executive Vice President of the Company and the Bank, Chief Credit Officer
Sara E. Foster
Executive Vice President
John K. Handy
Executive Vice President
Robert S. Holmes
Executive Vice President
Jeffrey M. Burik
Senior Vice President
   
Business Overview
Commerce Bancshares, Inc. is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth. The Consumer segment includes the consumer portion of the retail branch network (loans, deposits and other personal banking services), indirect and other consumer financing, and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international services, and business, government deposit, and related commercial cash management services, as well as merchant and commercial bank card products. The Wealth segment provides traditional trust and estate tax planning, advisory and discretionary investment management, and brokerage services, and includes the Private Banking product portfolio.
Financial Overview
For the six months ended 30 June 2019, Commerce Bancshares, Inc. interest income increased 8% to $466.3M. Net interest income after loan loss provision increased 2% to $390.9M. Net income applicable to common stockholders decreased 3% to $198.7M. Net interest income after loan loss provision reflects Consumer segment increase of 8% to $133.8M, Net Interest Margin, Total -% increase of 2% to 3.57%.
Employees: 4,857 as of Jun 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $8,812M as of Jun 30, 2019
Annual revenue (TTM): $923.86M as of Jun 30, 2019
EBITDA (TTM): $574.95M as of Jun 30, 2019
Net annual income (TTM): $414.08M as of Jun 30, 2019
Free cash flow (TTM): $359.68M as of Jun 30, 2019
Net Debt Last Fiscal Year: $1,943M as of Jun 30, 2019
Shares outstanding: 109,747,277 as of Aug 1, 2019
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization