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: 1-816-2342081
IR: See website
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 three months ended 31 March 2019, Commerce Bancshares, Inc. interest income increased 11% to $227.9M. Net interest income after loan loss provision increased 5% to $191M. Net income applicable to common stockholders decreased 4% to $93.9M. Net interest income after loan loss provision reflects Consumer segment increase of 9% to $65.8M, Net Interest Margin, Total -% increase of 4% to 3.52%.
Employees: 4,841 as of Mar 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $7,879M as of Mar 31, 2019
Annual revenue (TTM): $911.07M as of Mar 31, 2019
EBITDA (TTM): $577.82M as of Mar 31, 2019
Net annual income (TTM): $416.32M as of Mar 31, 2019
Free cash flow (TTM): $398.27M as of Mar 31, 2019
Net Debt Last Fiscal Year: $1,297M as of Mar 31, 2019
Shares outstanding: 110,507,831 as of May 1, 2019
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization