Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

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Commerce Bancshares declares quarterly dividend of $0.27 per share on common stock.

Positive

• Commerce Bancshares announces quarterly dividend of $0.27 per share on common stock, payable on September 25, 2023.

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• None.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- 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.

About Commerce Bancshares, Inc.

With $32.8 billion in assets¹, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. It also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.

¹As of June 30, 2023

View source version on businesswire.com: https://www.businesswire.com/news/home/20230728965722/en/

Matt Burkemper (314) 746-7485

Matthew.Burkemper@CommerceBank.com

Source: Commerce Bancshares, Inc.

FAQ

What is the dividend declared by Commerce Bancshares?

Commerce Bancshares has declared a quarterly dividend of $0.27 per share on its common stock.

When will the dividend be paid?

The dividend will be payable on September 25, 2023.

Who is eligible for the dividend?

Stockholders of Commerce Bancshares as of September 6, 2023, will be eligible for the dividend.