Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

Rhea-AI Summary

Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.27 per share on its common stock. The dividend is payable on September 23, 2024 to stockholders of record as of September 5, 2024. Commerce Bancshares is a regional bank holding company with $30.6 billion in assets as of June 30, 2024. Its subsidiary, Commerce Bank, offers a full range of banking services, including payment solutions, investment management, and securities brokerage. The bank operates across the Midwest and maintains commercial offices in various cities beyond the region.

Positive

• Declared quarterly dividend of $0.27 per share
• Strong asset base of $30.6 billion
• Extensive regional presence with full-service banking facilities
• Diversified services including payment solutions, investment management, and securities brokerage

Negative

• 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 23, 2024 to stockholders of record at the close of business on September 5, 2024.

With $30.6 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. Beyond the Midwest, Commerce also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids and wealth offices in Dallas, Houston and Naples. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial and wealth offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.

¹As of June 30, 2024

View source version on businesswire.com: https://www.businesswire.com/news/home/20240726327673/en/

Matt Burkemper (314) 746-7485

Matthew.Burkemper@CommerceBank.com

Source: Commerce Bancshares, Inc.

FAQ

When is the Commerce Bancshares (CBSH) dividend payable?

The Commerce Bancshares (CBSH) dividend is payable on September 23, 2024.

What is the record date for Commerce Bancshares' (CBSH) latest dividend?

The record date for Commerce Bancshares' (CBSH) latest dividend is September 5, 2024.

How much is Commerce Bancshares' (CBSH) quarterly dividend per share?

Commerce Bancshares' (CBSH) quarterly dividend is $0.27 per share.

What was Commerce Bancshares' (CBSH) total asset value as of June 30, 2024?

Commerce Bancshares' (CBSH) total asset value was $30.6 billion as of June 30, 2024.