Commerce Bancshares, Inc. (OQ:CBSH)

Apr 17, 2024 02:08 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 18, 2024 to stockholders of record at the close of business on June 5, 2024.
Apr 16, 2024 08:30 am ET
Commerce Bancshares, Inc. (NASDAQ: CBSH) Announced That the Company’s 2024 Annual Meeting of Shareholders Will Be Held in a Virtual Meeting Format Only
As publicly announced, the annual meeting will be held on Wednesday, April 17, 2024 at 9:30 a.m. Central Time. Shareholders as of the close of business on the record date of February 20, 2024, and their legal proxies and other interested parties may attend the virtual annual meeting at https://meetnow.global/MJU5XK6.
Apr 16, 2024 06:00 am ET
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.86
Commerce Bancshares, Inc. announced earnings of $.86 per share for the three months ended March 31, 2024, compared to $.91 per share in the same quarter last year and $.84 per share in the fourth quarter of 2023. Net income for the first quarter of 2024 amounted to $112.7 million, compared to $119.5 million in the first quarter of 2023 and $109.2 million in the prior quarter.
Feb 06, 2024 07:15 am ET
Healthcare Banking Leader Joins PayGround Board of Directors
Series A lead investor, SixThirty names Commerce Bank CFO Chuck Kim to their PayGround board seat
Feb 02, 2024 11:41 am ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, which compares to the prior dividend of $0.257 as adjusted for the 5% stock dividend that was paid on December 19, 2023. This represents an increase in the quarterly dividend per share of 5% and marks the 56th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 25, 2024 to stockholders of record at the close of business on March 7, 2024.
Jan 18, 2024 06:00 am ET
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.84
Commerce Bancshares, Inc. announced earnings of $.84 per share for the three months ended December 31, 2023, compared to $1.00 per share in the same quarter last year and $.92 per share in the third quarter of 2023. Net income for the fourth quarter of 2023 amounted to $109.2 million, compared to $131.6 million in the fourth quarter of 2022 and $120.6 million in the prior quarter.
Oct 27, 2023 01:14 pm ET
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock payable December 18, 2023, to stockholders of record at the close of business on December 4, 2023.
Oct 18, 2023 06:00 am ET
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $.96
Commerce Bancshares, Inc. announced earnings of $.96 per share for the three months ended September 30, 2023, compared to $.97 per share in the same quarter last year and $1.02 per share in the second quarter of 2023. Net income for the third quarter of 2023 amounted to $120.6 million, compared to $122.8 million in the third quarter of 2022 and $127.8 million in the prior quarter.
Aug 23, 2023 08:55 am ET
Commerce Financial Advisors Joins LPL Financial’s Institution Services Platform
LPL Financial LLC (“LPL Financial” or “LPL”), today announced that Commerce Financial Advisors, the retail brokerage and advisory division of Commerce Brokerage Services, Inc., a subsidiary of Commerce Bank, has joined LPL’s Institution Services...
Jul 28, 2023 12:51 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on September 25, 2023 to stockholders of record at the close of business on September 6, 2023.
Jul 19, 2023 06:00 am ET
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.02
Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended June 30, 2023, compared to $.92 per share in the same quarter last year and $.95 per share in the first quarter of 2023. Net income for the second quarter of 2023 amounted to $127.8 million, compared to $115.8 million in the second quarter of 2022 and $119.5 million in the prior quarter.
Apr 19, 2023 02:01 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 20, 2023 to stockholders of record at the close of business on June 5, 2023.
Apr 18, 2023 07:30 am ET
Commerce Bancshares, Inc. (NASDAQ: CBSH) Announced That the Company’s 2023 Annual Meeting of Shareholders Will Be Held in a Virtual Meeting Format Only
As publicly announced, the annual meeting will be held on Wednesday, April 19, 2023 at 9:30 a.m. Central Daylight Time. Shareholders as of the close of business on the record date of February 15, 2023, and their legal proxies and other interested parties may attend the virtual annual meeting at https://meetnow.global/MT2LVNR
Apr 18, 2023 06:00 am ET
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.95
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.95 per share for the three months ended March 31, 2023, compared to $.92 per share in the same quarter last year and $1.05 per share in the fourth quarter of 2022. Net income for the first quarter of 2023 amounted to $119.5 million, compared to $118.2 million in the first quarter of 2022 and $131.6 million in the prior quarter.
Feb 03, 2023 01:21 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, which compares to the prior dividend of $0.252 as adjusted for the 5% stock dividend that was paid on December 19, 2022. This represents an increase in the quarterly dividend per share of 7% and marks the 55th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 27, 2023 to stockholders of record at the close of business on March 7, 2023.
Jan 24, 2023 09:00 am ET
CommerceHealthcare® Releases 2023 Healthcare Finance Trends Report
CommerceHealthcare® has released its fifth annual Healthcare Finance Trends for 2023 report. The report includes an in-depth analysis of research combined with practice experience and identifies consideration for the industry, given
Jan 19, 2023 06:00 am ET
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share Of $1.04
Commerce Bancshares, Inc. announced earnings of $1.04 per share for the three months ended December 31, 2022, compared to $.90 per share in the same quarter last year and $.97 per share in the third quarter of 2022. Net income for the fourth quarter of 2022 amounted to $131.6 million, compared to $114.9 million in the fourth quarter of 2021 and $122.8 million in the prior quarter.
Nov 22, 2022 09:00 am ET
LPL Financial Welcomes Commerce Financial Advisors to its Institution Services Platform
LPL Financial LLC (“LPL”) today announced an agreement with Commerce Bank to transition support of Commerce Financial Advisors to LPL’s Institution Services platform. Commerce Financial Advisors, the retail brokerage and advisory division of...
Nov 18, 2022 09:00 am ET
Commerce Bank Acquires Municipal Bond Underwriting and Advisory Firm, L.J. Hart & Company
Commerce Bank announced it has entered into a definitive agreement to acquire L.J. Hart & Comp
Oct 28, 2022 01:15 pm ET
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock payable December 16, 2022, to stockholders of record at the close of business on December 2, 2022.
Oct 18, 2022 06:00 am ET
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share Of $1.02
Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended September 30, 2022, compared to $.99 per share in the same quarter last year and $.96 per share in the second quarter of 2022. Net income for the third quarter of 2022 amounted to $122.8 million, compared to $122.6 million in the third quarter of 2021 and $115.8 million in the prior quarter.
Sep 01, 2022 01:20 pm ET
CommercePayments® Partners with FISPAN to Offer Commerce Connections® Direct
Commerce Bank is pleased to announce the launch of Commerce Connections® Direct, developed in collaboration with FISPAN,
Aug 05, 2022 01:12 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock. The dividend is payable on September 22, 2022 to stockholders of record at the close of business on September 7, 2022.
Jul 21, 2022 06:00 am ET
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $.96
Commerce Bancshares, Inc. announced earnings of $.96 per share for the three months ended June 30, 2022, compared to $1.32 per share in the same quarter last year and $.97 per share in the first quarter of 2022. Net income for the second quarter of 2022 amounted to $115.8 million, compared to $162.3 million in the second quarter of 2021 and $118.2 million in the prior quarter.
Apr 20, 2022 02:05 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock. The dividend is payable on June 22, 2022 to stockholders of record at the close of business on June 7, 2022.
Apr 19, 2022 07:30 am ET
Commerce Bancshares, Inc. 2022 Annual Meeting of Shareholders: Virtual Meeting Only Format
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that, due to continuing public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of Commerce’s directors, officers, employees and shareholders, the Company’s 2022 annual meeting of shareholders will be held in a virtual meeting format only.
Apr 19, 2022 06:00 am ET
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.97
Commerce Bancshares, Inc. announced earnings of $.97 per share for the three months ended March 31, 2022, compared to $1.06 per share in the same quarter last year and $.94 per share in the fourth quarter of 2021. Net income for the first quarter of 2022 amounted to $118.2 million, compared to $131.0 million in the first quarter of 2021 and $114.9 million in the prior quarter.
Feb 14, 2022 02:00 am ET
Top 50 US Bank Completes Core Transformation with Temenos
Temenos (SIX: TEMN), the banking software company, today announced that Commerce Bank (NASDAQ: CBSH) has gone live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to move from its legacy systems for deposits to a modern, agile and open platform tailored for the US market.
Feb 04, 2022 12:47 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock, which compares to the prior dividend of $0.25 as adjusted for the 5% stock dividend that was paid on December 17, 2021. This represents an increase in the quarterly dividend per share of 6% and marks the 54th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 23, 2022 to stockholders of record at the close of business on March 8, 2022.
Jan 19, 2022 06:00 am ET
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.94
Commerce Bancshares, Inc. announced earnings of $.94 per share for the three months ended December 31, 2021, compared to $1.05 per common share in the same quarter last year and $.99 per share in the third quarter of 2021. Net income attributable to Commerce Bancshares, Inc. (net income) for the fourth quarter of 2021 amounted to $114.9 million, compared to $129.9 million in the fourth quarter of 2020 and $122.6 million in the prior quarter.
Nov 12, 2021 01:04 pm ET
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5% common stock dividend payable on December 17, 2021 to shareholders of record at the close of business on December 2, 2021. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 17, 2021. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.
Nov 11, 2021 08:55 am ET
Commerce Bank’s Digital Claims Payments App Now Available in Guidewire Marketplace
Guidewire Software, Inc. (NYSE: GWRE) and Commerce Bank (NASDAQ: CBSH) today announced that Commerce Bank’s new Ready for Guidewire-validated accelerator for ClaimCenter is now available to users in the
Nov 09, 2021 10:00 am ET
Commerce Bank and Copart Announce Revolutionary Digitized System to Speed Up Insurance Industry’s Salvage Settlement Process
Commerce Bank and Copart, Inc. (NASDAQ:CPRT), a global online vehicle auction company, announced today the impl
Oct 19, 2021 06:00 am ET
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.05
Commerce Bancshares, Inc. announced earnings of $1.05 per share for the three months ended September 30, 2021, compared to $1.06 per common share in the same quarter last year and $1.38 per share in the second quarter of 2021. Net income attributable to Commerce Bancshares, Inc. (net income) for the third quarter of 2021 amounted to $122.6 million, compared to $132.4 million in the third quarter of 2020 and $162.3 million in the prior quarter. For the quarter, the return on average assets was 1.40%, the return on average equity was 13.74% and the efficiency ratio was 59.9%.
Aug 18, 2021 09:22 am ET
CommerceHealthcare HSF® Patient Enrollment Now Integrated with Epic® MyChart®
CommerceHealthcare®, a leading provider of healthcare financial solutions, announced today further streamlining of patient financing options through the integration of Health Services Financing (HSF®) with Epic MyChart.
Jul 30, 2021 12:32 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.2625 per share on the Company's common stock. The dividend is payable on September 23, 2021 to stockholders of record at the close of business on September 7, 2021.
Jul 22, 2021 06:00 am ET
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.38
Commerce Bancshares, Inc. announced earnings of $1.38 per share for the three months ended June 30, 2021, compared to $.32 per common share in the same quarter last year and $1.11 per share in the first quarter of 2021. Net income attributable to Commerce Bancshares, Inc. (net income) for the second quarter of 2021 amounted to $162.3 million, compared to $39.9 million in the second quarter of 2020 and $131.0 million in the prior quarter. For the quarter, the return on average assets was 1.93%, the return on average equity was 19.12% and the efficiency ratio was 56.9%.
Apr 21, 2021 02:20 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.2625 per share on the Company's common stock. The dividend is payable on June 21, 2021 to stockholders of record at the close of business on June 4, 2021.
Apr 20, 2021 06:00 am ET
2021 Annual Meeting of Shareholders: Virtual Meeting Only Format
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that, due to continuing public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of Commerce’s directors, officers, employees and shareholders, the Company’s 2021 annual meeting of shareholders will be held in a virtual meeting format only.
Apr 19, 2021 06:00 am ET
Commerce Bancshares Deepens Support of FinTech Startups through Investment in SixThirty
Commerce Bancshares, Inc. announced today that it is deepening its multi-year relationship with SixThirty, a global venture firm that invests in enterprise technology startups. SixThirty targets investments in seed to early growth stage startups. SixThirty’s portfolio and pipeline represent some of the most innovative and promising fintech, insurtech, digital health and cybersecurity ideas from around the world.
Apr 15, 2021 08:55 am ET
Commerce Bank Joins Guidewire PartnerConnect Solution Alliance Ecosystem to Digitize Claims Payments
Commerce Bank, a wholly owned subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate and grow efficiently, today announced that Commerce Bank has joined Guidewire PartnerConnect as a Solution partner.
Apr 15, 2021 06:00 am ET
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $1.11
Commerce Bancshares, Inc. announced earnings of $1.11 per share for the three months ended March 31, 2021, compared to $.42 per common share in the same quarter last year and $1.11 per common share in the fourth quarter of 2020. Net income attributable to Commerce Bancshares, Inc. (net income) for the first quarter of 2021 amounted to $131.0 million, compared to $51.9 million in the first quarter of 2020 and $129.9 million in the prior quarter. For the quarter, the return on average assets was 1.63%, the return on average equity was 15.69% and the efficiency ratio was 56.4%.
Feb 05, 2021 01:15 pm ET
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.2625 per share on the Company's common stock, which compares to the prior dividend of $0.257 as adjusted for the 5% stock dividend that was paid on December 18, 2020. This represents an increase in the quarterly dividend per share of 2% and marks the 53rd consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 24, 2021 to stockholders of record at the close of business on March 9, 2021.
Jan 20, 2021 06:00 am ET
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share Of $1.11
Commerce Bancshares, Inc. announced earnings of $1.11 per share for the three months ended December 31, 2020, compared to $.88 per common share in the same quarter last year and $1.06 per common share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. (net income) for the fourth quarter of 2020 amounted to $129.9 million, compared to $106.9 million in the fourth quarter of 2019 and $132.4 million in the prior quarter. For the quarter, the return on average assets was 1.63%, the return on average equity was 15.49%, and the efficiency ratio was 56.7%.
Oct 30, 2020 01:15 pm ET
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5 percent common stock dividend payable on December 18, 2020 to shareholders of record at the close of business on December 2, 2020. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 18, 2020. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.
Oct 20, 2020 06:00 am ET
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share Of $1.11
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $1.11 per common share for the three months ended September 30, 2020, compared to $.93 per share in the same quarter last year and $.34 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. (net income) for the third quarter of 2020 amounted to $132.4 million, compared to $109.2 million in the third quarter of 2019 and $39.9 million in the prior quarter. For the quarter, the return on average assets was 1.71%, the return on average common equity was 15.21% and the efficiency ratio was 55.0%.
Jul 31, 2020 04:05 pm ET
Commerce Bancshares Issues Notice of Redemption of Series B Preferred Shares
Commerce Bancshares, Inc. today announced that it will redeem all outstanding shares of its 6.00% Series B Non-Cumulative Perpetual Preferred Stock, $1.00 par value per share (“Series B Preferred Stock”), and the corresponding depositary shares representing fractional interests in the Series B Preferred Stock (“Series B Depositary Shares”).
Jul 31, 2020 01:10 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, payable on September 21, 2020 to stockholders of record at the close of business on September 4, 2020.
Jul 21, 2020 06:00 am ET
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $.34
Commerce Bancshares, Inc.  (NASDAQ: CBSH) announced earnings of $.34 per common share for the three months ended June 30, 2020, compared to $.91 per share in the same quarter last year and $.44 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the second quarter of 2020 amounted to $39.9 million, compared to $108.0 million in the second quarter of 2019 and $51.9 million in the prior quarter. For the quarter, the return on average assets was .54%, the return on average common equity was 4.77% and the efficiency ratio was 58.1%.
Apr 28, 2020 06:00 am ET
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share Of $.44
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.44 per common share for the three months ended March 31, 2020, compared to $.81 per share in the same quarter last year and $.93 per share in the fourth quarter of 2019. Net income attributable to Commerce Bancshares, Inc. for the first quarter of 2020 amounted to $51.9 million, compared to $97.1 million in the first quarter of 2019 and $106.9 million in the prior quarter. For the current quarter, the return on average assets was .80%, the return on average common equity was 6.48% and the efficiency ratio was 59.2%.
Apr 15, 2020 02:40 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, payable on June 22, 2020 to stockholders of record at the close of business on June 5, 2020.
Apr 03, 2020 02:00 pm ET
Commerce Bancshares, Inc. Announces Change of Location of 2020 Annual Meeting of Shareholders to Virtual Meeting Only Format
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that, due to the emerging public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of Commerce’s directors, officers, employees and shareholders, the location of the Company’s 2020 annual meeting of shareholders has been changed and will be held in a virtual meeting format only.
Apr 03, 2020 06:00 am ET
Commerce Bancshares, Inc. to Delay First Quarter 2020 Earnings Release
Commerce Bancshares, Inc. announced today that it will delay its earnings release for the first quarter of 2020, originally scheduled for April 14, 2020, until April 28, 2020.
Feb 12, 2020 06:00 am ET
Commerce Bancshares, Inc. to Participate in the 2020 Keefe, Bruyette & Woods Winter Financial Services Symposium, February 13-14, 2020
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Chief Financial Officer Charles G. Kim and Senior Vice President of Corporate Development and Investor Relations Matt Burkemper will participate in the KBW 2020 Winter Financial Services Symposium on February 13-14, 2020 in Boca Raton, Florida.
Feb 07, 2020 01:10 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, which compares to the prior dividend of $0.248 as adjusted for the 5% stock dividend that was paid on December 18, 2019. This represents an increase in the quarterly dividend per share of 9% and marks the 52nd consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 23, 2020 to stockholders of record at the close of business on March 6, 2020.
Jan 23, 2020 06:00 am ET
Commerce Bank and Visa Power Progressive Insurance Digital Claims Payment Solution
Commerce Bank announced today it has worked with Progressive to implement CommercePayments™ PreferPay™ for claims payments. The relationship is the result of a truly strategic collaboration whereby Commerce’s product team worked with Progressive stakeholders to build a solution uniquely positioned to provide fast, convenient reimbursement options to customers.
Jan 22, 2020 06:00 am ET
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.93
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.93 per common share for the three months ended December 31, 2019, compared to $.91 per share in the same quarter last year and $.93 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the fourth quarter of 2019 amounted to $106.9 million, compared to $109.7 million in the fourth quarter of 2018 and $109.2 million in the prior quarter. For the quarter, the return on average assets was 1.65%, the return on average common equity was 13.9% and the efficiency ratio was 56.3%.
Nov 04, 2019 03:25 pm ET
Commerce Bancshares, Inc. (CBSH) to Participate in Bank of America Merrill Lynch’s Future of Financials 2019 Conference, November 5-6, 2019
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Chief Financial Officer Charles G. Kim and Senior Vice President of Corporate Development and Investor Relations Matt Burkemper will participate in BofAML’s Future of Financials 2019 Conference on November 5-6, 2019 in New York City, New York.
Nov 01, 2019 02:10 pm ET
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5 percent common stock dividend payable on December 18, 2019 to shareholders of record at the close of business on December 3, 2019. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 18, 2019. No fractional shares will be issued and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.
Oct 30, 2019 08:00 am ET
Korn Ferry Recognizes Commerce Bank as a 2019 Engaged Performance Awards Winner
Korn Ferry recently announced that Commerce Bank has been recognized among other top organizations across the globe as a 2019 Engaged Performance Awards winner. The third-annual award program recognizes employers that have achieved best-in-class levels of engagement, enablement or both. Commerce Bank is a winner in both the engagement and enablement categories.
Oct 16, 2019 06:00 am ET
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $.98
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.98 per common share for the three months ended September 30, 2019, compared to $.98 per share in the same quarter last year and $.96 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the third quarter of 2019 amounted to $109.2 million, compared to $112.6 million in the third quarter of 2018 and $108.0 million in the prior quarter. For the quarter, the return on average assets was 1.72%, the return on average common equity was 14.2% and the efficiency ratio was 56.7%.
Aug 26, 2019 08:00 am ET
Commerce Bancshares, Inc. (CBSH) Publishes Investor Presentation with Second Quarter Financial Results
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced it has published an investor presentation with the Company’s second quarter financial results. The presentation will be used to provide an update of the Company’s financial performance and general business plans when meeting with various analysts and investors.
Aug 15, 2019 02:30 pm ET
Corcentric Enters Reseller Agreement with Commerce Bank
CHERRY HILL, N.J., Aug. 15, 2019 /PRNewswire/ -- Corcentric, a leading provider of procurement and financial process automation solutions, has entered into a reseller agreement with Commerce Bank to present its Cor360 solution as a white-labeled platform to Commerce customers.
Aug 02, 2019 12:45 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.26 per share on the Company's common stock, payable on September 23, 2019 to stockholders of record at the close of business on September 6, 2019.
Jul 23, 2019 04:05 pm ET
Commerce Bank to Use the Black Knight Servicing Digital Solution to Enhance the Consumer Experience
JACKSONVILLE, Fla., July 23, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE:BKI) announced today that Commerce Bank, a large regional bank operating in more than 300 locations in the central United States, will use Black Knight's Servicing Digital solution to deliver detailed, timely and highly personalized loan information to Commerce Bank's mortgage and home equity customers about the value of their homes and how much wealth can be built from these real estate assets. Servicing Digital will help Commerce Bank deepen customer relationships and increase retention by giving consumers easy, rou
Jul 16, 2019 06:00 am ET
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share Of $.96
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.96 per common share for the three months ended June 30, 2019, compared to $.96 per share in the same quarter last year and $.85 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the second quarter of 2019 amounted to $108.0 million, compared to $110.3 million in the second quarter of 2018 and $97.1 million in the prior quarter. For the quarter, the return on average assets was 1.73%, the return on average common equity was 14.5% and the efficiency ratio was 55.9%.
May 31, 2019 07:00 am ET
Commerce Bancshares, Inc. to Participate in Analyst Meetings, June 3-5, 2019
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Chief Financial Officer Charles G. Kim, Senior Vice President of Commerce Bank and Manager of Corporate Development and Investor Relations Matt Burkemper, exiting Controller and Chief Accounting Officer Jeffery D. Aberdeen and recently appointed Controller and Chief Accounting Officer Paul Steiner will meet with small groups of analysts and investors in New York, June 3-5, 2019.
Apr 23, 2019 06:00 am ET
Commerce Bank Names Paul Steiner Corporate Controller and Chief Accounting Officer
Commerce Bank has promoted Paul Steiner to Corporate Controller and Chief Accounting Officer of Commerce Bancshares effective immediately.
Apr 22, 2019 06:00 am ET
Forbes Names Commerce Bank One of the Best Midsize Employers in America for the Third Consecutive Year
Forbes recently published their 2019 America’s Best Midsize Employers List, ranking Commerce Bank in the top one-third among a selection of 500 employers across the country. This marks the third consecutive year Commerce has been named to the list. The list was developed based on comprehensive survey findings compiled by research firm Statista.
Apr 17, 2019 02:14 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.26 per share on the Company's common stock, payable on June 24, 2019 to stockholders of record at the close of business on June 7, 2019.
Apr 16, 2019 08:00 am ET
Commerce Bancshares Announces Annual Shareholders Meeting Available by Webcast
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that the Company's annual meeting of shareholders will be available by recorded webcast. Commerce Bancshares, Inc.'s annual shareholders meeting is scheduled for 9:30 a.m. CDT, Wednesday, April 17, 2019 in the Kemper Auditorium on the 15th floor of the Commerce Trust Company Building at 922 Walnut Street, Kansas City, MO 64106.
Apr 11, 2019 06:00 am ET
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.85
Commerce Bancshares, Inc. (Nasdaq: CBSH) announced earnings of $.85 per common share for the three months ended March 31, 2019, compared to $.88 per share in the same quarter last year and $.96 per share in the fourth quarter of 2018. Net income attributable to Commerce Bancshares, Inc. for the first quarter of 2019 amounted to $97.1 million, compared to $101.0 million in the first quarter of 2018 and $109.7 million in the prior quarter. For the current quarter, the return on average assets was 1.58%, the return on average common equity was 13.6
Apr 01, 2019 06:00 am ET
Commerce Bank Honored at Impact Innovation Awards
Commerce Bank was recently recognized by Aite Group as an innovative financial institution leveraging best-in-class technology. Commerce’s Small Business Services division won the Customer Experience category at the inaugural Innovation in Cash Management and Payments Forum in New York City for its introduction of CashFlow Complete, a digital business payments solution built specifically for small to mid-sized businesses (SMBs). Powered by leading digital business payments provider Bill.com, CashFlow Complete enables SMBs challenged with time co
Mar 29, 2019 06:00 am ET
Commerce Bank Named Among the World’s Best Banks by Forbes
Commerce Bank has been recognized by Forbes as one of the World’s Best Banks for 2019. In addition to receiving this global distinction, Commerce ranked second among all Missouri-based banks on the list and 41st in the nation.
Feb 19, 2019 06:00 am ET
Commerce Bancshares Impresses in Bank Director's Annual RankingBanking Study
Commerce Bancshares earned incredibly high marks for several areas of its business in Bank Director’s 2019 RankingBanking study. The annual study identifies the top five public U.S. retail and commercial banks between $10 billion and $250 billion in assets within four regions: the Midwest, the West, the South and the Northeast.
Feb 14, 2019 06:00 am ET
Forbes Names Commerce Bank Among America’s Best Banks
Commerce Bank is the top-ranked Missouri bank on Forbes’ America’s Best Banks 2019 list — one of the most respected lists in the industry. Overall, Commerce was ranked 17th in the nation.
Feb 13, 2019 06:00 am ET
Commerce Bancshares, Inc. to Participate in KBW Winter Financial Services Conference, February 14-15, 2019
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Chief Financial Officer Charles G. Kim, Controller Jeffery Aberdeen and Senior Vice President of Corporate Development Matt Burkemper will participate in the Keefe, Bruyette & Woods Winter Financial Services Conference on February 14-15, 2019 in Boca Raton, Florida.
Jan 28, 2019 12:45 pm ET
Look, Tap and Go: Commerce Introduces Contactless Visa® Debit Card
Commerce Bank’s Visa debit and reloadable prepaid cards now feature contactless payment capability. Contactless payments use short-range wireless technology to quickly complete payments between a contactless-enabled card or payment-enabled device and a contactless-enabled checkout terminal. It takes as little as 1/2 a second to make a payment and a quicker checkout experience that’s as easy as looking for the contactless symbol on the terminal, waiting for the prompt and then placing the card on the terminal near the symbol.
Jan 25, 2019 12:55 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.26 per share on the Company's common stock, which compares to the prior dividend of $0.224 as adjusted for the 5 percent stock dividend that was paid on December 17, 2018. This represents an increase in the quarterly dividend per share of 16% and marks the 51st consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 25, 2019 to stockholders of record at t
Jan 18, 2019 08:00 am ET
Commerce Bank to Convert Home Equity Portfolio to Black Knight MSP Servicing System; Will Service All Real Estate-Secured Loans on a Unified Platform
JACKSONVILLE, Fla., Jan. 18, 2019 /PRNewswire/ --
Jan 17, 2019 06:00 am ET
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.96
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.96 per common share for the three months ended December 31, 2018 compared to $.82 per share in the same quarter last year and $.98 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the fourth quarter of 2018 amounted to $109.7 million, compared to $94.4 million in the fourth quarter of 2017 and $112.6 million in the prior quarter. For the current quarter, the return on average assets was 1.75%, the return on average common equ
Nov 02, 2018 05:00 am ET
Commerce Bancshares, Inc. (CBSH) to Participate in Bank of America Merrill Lynch’s Future of Financials 2018 Conference, November 5-6, 2018
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Chief Financial Officer Charles G. Kim, Controller Jeffery Aberdeen, and Assistant Controller Paul Steiner will participate in BofAML’s Future of Financials 2018 Conference on November 5-6, 2018 in New York City, New York.
Oct 29, 2018 11:25 am ET
Commerce Bank Supports FinTech Startups through Partnership with SixThirty
Commerce Bank announced today a multi-year partnership with SixThirty, a St. Louis-based venture fund that invests in financial technology (FinTech) startup companies. SixThirty targets investments in late-seed stage startups that have a product and market traction and are starting to earn revenue. Its portfolio and pipeline represent some of the most innovative and promising FinTech ideas from around the world.
Oct 26, 2018 12:55 pm ET
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5 percent common stock dividend payable on December 17, 2018 to shareholders of record at the close of business on November 30, 2018. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 17, 2018. No fractional shares will be issued and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.
Oct 11, 2018 06:00 am ET
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.03
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced record earnings of $1.03 per common share for the three months ended September 30, 2018 compared to $.67 per share in the same quarter last year and $1.01 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the third quarter of 2018 amounted to $112.6 million, compared to $74.6 million in the third quarter of 2017 and $110.3 million in the prior quarter. For the quarter, the return on average assets was 1.81%, the return on average common equity was 16.4%,
Oct 04, 2018 11:10 am ET
Commerce Bank’s Stacy Regnier named to BAI’s Prestigious Emerging Leaders Network
Stacy Regnier, Commerce Bank’s vice president of business transformation, has been selected to join the BAI Emerging Leaders Network, a selective professional development network dedicated to fostering growth of future leaders who will drive positive change in the financial services industry.
Oct 01, 2018 10:57 am ET
Patty Kellerhals Named to American Banker’s 2018 Women to Watch List
American Banker recently named Patty Kellerhals, executive vice president, director of retail banking, one of the 2018 Women to Watch. Each year, the Most Powerful Women in Banking and Finance program recognizes the professional achievements and influence of top-performing female executives in banking and financial services. The program, celebrating its 16th anniversary, will recognize this year’s honorees on October 4, 2018 at a gala awards dinner in New York City.
Aug 06, 2018 11:00 am ET
Shelter Insurance® Brings Commerce Bank’s Claims Payment Technology to Customers
Shelter Insurance, a mutual insurance company headquartered in Columbia, MO, is implementing a program to provide additional electronic payment options by way of CommerceVantage® Claims Payments, Commerce’s innovative technology for the insurance industry. The solution allows Shelter to offer its customers a convenient, seamless and secure platform where they are able to choose among several payment options, including an option powered by Visa Direct that enables payment within 30 minutes of selection. The solution is a first of its kind for the
Jul 27, 2018 12:37 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.235 per share on the Company's common stock, payable September 24, 2018, to stockholders of record at the close of business on September 7, 2018.
Jul 12, 2018 06:00 am ET
Commerce Bancshares, Inc. Reports Record Second Quarter Earnings Per Share of $1.01
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced record earnings of $1.01 per common share for the three months ended June 30, 2018 compared to $.71 per share in the same quarter last year and $.92 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the second quarter amounted to $110.3 million, compared to $79.0 million in the second quarter of 2017 and $101.0 million in the prior quarter. For the quarter, the return on average assets was 1.80%, the return on average common equity was 16.8
Jul 09, 2018 08:00 am ET
Commerce Bank Launches Commerce Bank Medical Refinance Loan for Doctors
Commerce Bank announced today it has introduced the Commerce Bank Medical Refinance Loan, a solution allowing doctors to consolidate federal and private education loans into one with a single monthly payment. The Commerce Bank Medical Refinance Loan offers convenience and a simplified term and rate structure, providing doctors with a smart solution to repay their medical school loans.
Jun 29, 2018 07:35 am ET
New Research: Key Drivers of Growth for Webster Financial, Chimerix, Commerce Bancshares, Teligent, Pinnacle Financial Partners, and Empire State Realty Trust — Factors of Influence, Major Initiatives
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Webster Financial Corporation (NYSE:WBS), Chimerix, Inc. (NASDAQ:CMRX),...
Jun 08, 2018 02:00 pm ET
Commerce Bancshares, Inc. to Participate in Morgan Stanley’s Financials Conference, June 12-13, 2018
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Chief Financial Officer Charles G. Kim, and Controller Jeffery Aberdeen will participate in Morgan Stanley’s Financials Conference on June 12 -13, 2018 in New York City, New York.
Jun 04, 2018 12:30 pm ET
Commerce Bancshares Announces Organizational Changes Reflecting July 31 Retirement of Vice Chairman Jonathan M. Kemper
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced several changes today that reflect Vice Chairman Jonathan M. Kemper’s planned transition from day-to-day responsibilities, effective July 31.
May 23, 2018 09:00 am ET
Commerce Bancshares Chooses SS&C for CECL Transition
WINDSOR, Conn., May 23, 2018 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Commerce Bancshares ('Commerce') has signed a multi-year agreement with SS&C Primatics' EVOLV platform to meet Current Expected Credit Loss (CECL) requirements.
May 17, 2018 07:45 am ET
Report: Exploring Fundamental Drivers Behind Micronet Enertec Technologies, Everbridge, Visteon, Commerce Bancshares, Antero Resources, and Cabot — New Horizons, Emerging Trends, and Upcoming Developm
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Micronet Enertec Technologies, Inc. (NASDAQ:MICT), Everbridge, Inc....
May 02, 2018 09:00 am ET
Forbes Names Commerce Bank One of the Best Midsize Employers in America for the Second Consecutive Year
Forbes recently published their 2018 America’s Best Midsize Employers List, ranking Commerce Bank #68 among a selection of 500 employers across the country also recognized on the list. This marks the second consecutive year Commerce has been named to the list. The list was developed based on comprehensive survey findings compiled by research firm Statista.
Apr 18, 2018 12:00 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.235 per share on the Company's common stock, payable June 25, 2018 to stockholders of record at the close of business on June 8, 2018.
Apr 17, 2018 09:00 am ET
Commerce Bancshares Announces Annual Shareholders Meeting Available by Webcast
Commerce Bancshares, Inc. (NASDAQ: CBSH), a registered bank holding company offering a full line of banking services, announced today that the company's annual meeting of shareholders will be available by webcast. Commerce Bancshares, Inc.'s annual shareholder meeting is scheduled for 9:30 a.m. CDT, Wednesday, April 18, 2018 at Washington University on level two of the Charles F. Knight Center, #1 Bookings Drive, St. Louis, Missouri.
Apr 12, 2018 06:00 am ET
Commerce Bancshares, Inc. Reports Record First Quarter Earnings Per Share of $.92
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced record earnings of $.92 per common share for the three months ended March 31, 2018, compared to $.65 per share in the same quarter last year and $.86 per share in the fourth quarter of 2017. Net income attributable to Commerce Bancshares, Inc. for the first quarter of 2018 amounted to $101.0 million, compared to $71.5 million in the first quarter of 2017 and $94.4 million in the prior quarter. For the current quarter, the return on average assets was 1.66%, the return on average common equity wa
Apr 03, 2018 03:00 pm ET
Aircraft Owners and Pilots Association and Commerce Bank Introduce AOPA World Mastercard® for Pilots
The Aircraft Owners and Pilots Association (AOPA), the world’s largest community of pilots and aviation enthusiasts, and Commerce Bank have come together to offer an exclusive AOPA credit card.
Apr 02, 2018 04:45 pm ET
Commerce Bancshares Announces CEO Succession
Commerce Bancshares, Inc. (NASDAQ: CBSH) board of directors announced today that effective August 1, 2018, John W. Kemper, 40, currently president and chief operating officer of Commerce Bancshares, Inc., will become president and CEO, assuming the CEO role currently held by his father David W. Kemper, 67, who will remain active as executive chairman. John Kemper has been with the bank since 2007, and was named president and COO in 2013.
Mar 19, 2018 08:00 am ET
Commerce Bank Recognized by Greenwich Associates with Eight Greenwich Excellence Awards
Commerce Bank has been recognized by Greenwich Associates, the leading provider of global market intelligence and advisory services to the financial services industry, with eight 2017 Greenwich Excellence Awards. Seven of the awards recognize achievements in the middle market banking category ($10-500MM) and another in the small business category ($1-10MM). A complete listing of Commerce’s awards in both categories is included below.
Feb 23, 2018 07:35 am ET
Market Trends Toward New Normal in Commerce Bancshares, National Bank, Education Realty Trust, Henry Schein, Restoration Hardware, and GrubHub — Emerging Consolidated Expectations, Analyst Ratings
NEW YORK, Feb. 23, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Commerce Bancshares, Inc. (NASDAQ:CBSH), National Bank...
Feb 07, 2018 04:08 pm ET
Commerce Bancshares, Inc. (CBSH) to Participate in KBW Winter Financial Services Conference, February 8-9, 2018
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Chief Financial Officer Charles G. Kim, and Controller Jeffery Aberdeen will participate in the Keefe, Bruyette & Woods Winter Financial Services Conference on February 8-9, 2018 in Doral, Florida.
Feb 01, 2018 10:39 am ET
Commerce Bancshares, Inc. Announces Appointment of Karen Daniel to Board of Directors
Commerce Bancshares, Inc. announced it appointed Karen Daniel, chief financial officer of Black & Veatch, as a member of its board of directors at its January 26 board meeting. Daniel fills a vacancy created by the resignation of James. B. Hebenstreit, and will serve Hebenstreit’s remaining term and position on the board until 2020. Daniel will also serve on the Audit and Risk Committee of the board.
Jan 26, 2018 12:54 pm ET
Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.235 per share on the Company's common stock, which compares to the prior dividend of $0.214 as adjusted for the 5 percent stock dividend that was paid on December 18, 2017. This represents an increase in the quarterly dividend per share of 10% and marks the 50th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 26, 2018 to stockholders of record at
Jan 18, 2018 07:00 am ET
Commerce Bancshares, Inc. Reports Record Fourth Quarter Earnings of $94 Million
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced record earnings of $.86 per common share for the three months ended December 31, 2017 compared to $.65 per share in the same quarter last year and $.67 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the fourth quarter amounted to $94.4 million, compared to $71.6 million in the fourth quarter of 2016 and $74.6 million in the prior quarter. There were several extraordinary items which occurred in the 4th quarter,
Jan 10, 2018 11:31 am ET
Stranghoener Hands Over Reins at Commerce Trust Company to New CEO
Commerce Trust Company today announced that effective February 1st, John Handy, currently president and COO, has been promoted to president and CEO, replacing current CEO, Ray Stranghoener, who will remain as chairman. Handy will report to John Kemper, Chief Operating Officer of Commerce Bancshares (NASDAQ: CBSH). Stranghoener, who has led Commerce Trust since 1999, will continue to work with major client relationships and will also serve as a strategic advisor to Handy in his new role.
Jan 02, 2018 01:35 pm ET
Commerce Bancshares, Inc. Announces Employee Bonuses Following Tax Reform Bill
Commerce Bancshares, Inc. announced that following the enactment of the new federal tax reform legislation it will distribute cash bonuses to employees who are otherwise non-bonus eligible and non-commission eligible, totaling approximately 3,450 associates or 75% of the Bank’s workforce. A cash payment of $1,000 will be made to all of these full-time employees and a $250 cash payment to all part-time employees employed by the Company on December 31, 2017. Additionally, in 2017, Commerce made a donation of $32 million of appreciated stock to The
Dec 06, 2017 07:00 am ET
Market Trends Toward New Normal in Henry Schein, Restoration Hardware, GrubHub, Commerce Bancshares, National Bank, and Education Realty Trust — Emerging Consolidated Expectations, Analyst Ratings
NEW YORK, Dec. 06, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Henry Schein, Inc. (NASDAQ:HSIC), Restoration Hardware...
Oct 27, 2017 01:42 pm ET
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividends on Common and Preferred Stock
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5 percent common stock dividend payable on December 18, 2017 to shareholders of record at the close of business on November 30, 2017. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 18, 2017. No fractional shares will be issued and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.
Oct 23, 2017 03:13 pm ET
Commerce Bank Brings Innovative Claims Payment Solution to Insurance Industry
Commerce Bank has reinvented the claims payment experience, providing the insurance industry with a solution that improves the customer experience, associate engagement and loss adjustment expenses (LAE). The benefits of this solution, called CommerceVantage® Claims Payments, extend to claimants as well, providing convenient payment options, faster payment and an improved overall experience. Recent catastrophic natural disasters such as hurricanes Irma, Harvey and Maria, have drawn attention to the great need for faster claims disbursements. Cla
Oct 12, 2017 07:00 am ET
Commerce Bancshares, Inc. Reports Third Quarter Growth in Earnings Per Share of 9%
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.71 per common share for the three months ended September 30, 2017 compared to $.65 per share in the same quarter last year and $.75 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the third quarter amounted to $74.6 million, compared to $68.5 million in the third quarter of 2016 and $79.0 million in the prior quarter. For the quarter, the return on average assets was 1.19%, the return on average common equity was 11.4%, and

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