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Commerce Bancs - CBSH STOCK NEWS

Welcome to our dedicated page for Commerce Bancs news (Ticker: CBSH), a resource for investors and traders seeking the latest updates and insights on Commerce Bancs stock.

Commerce Bancs (CBSH) provides essential financial services through its consumer, commercial, and wealth management divisions across Midwest communities. This dedicated news hub offers investors and stakeholders timely access point for all official announcements and market developments.

Track CBSH's latest earnings reports, leadership updates, and strategic initiatives through verified press releases. Our curated feed includes regulatory filings, product launches, and community partnership announcements – all organized for efficient research.

Key coverage areas include retail banking innovations, corporate lending expansions, and wealth management service enhancements. Users will find detailed reporting on mergers/acquisitions, dividend declarations, and governance changes impacting this regional banking leader.

Bookmark this page for streamlined monitoring of CBSH's financial trajectory. Combine our updates with SEC filings and earnings call transcripts available through Stock Titan's research tools for complete market analysis.

News

Commerce Bancshares, Inc. Announces Visa Inc.’s Acceptance of Class B-1 Common Stock and Investment Securities Repositioning

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Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that Visa Inc. accepted its 823,447 shares of Visa Class B-1 common stock in exchange for Visa Class B-2 and Visa Class C stock, resulting in a $175.5 million gain. The company plans to reposition $1.0 billion worth of debt securities to increase net interest income and improve securities quality.

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Commerce Bancshares, Inc. Stock Repurchase Program

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Commerce Bancshares, Inc. (NASDAQ: CBSH) announced a stock repurchase program for up to 5,000,000 total shares of the Company’s common stock. The buyback program allows repurchases through various methods and at management's discretion. There is no obligation to purchase a specific number of shares, and the program may be adjusted or terminated by the Company at any time.
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Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

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Commerce Bancshares, Inc. (NASDAQ: CBSH) declared a quarterly dividend of $0.27 per share on its common stock, payable on June 18, 2024. With $30.4 billion in assets, the company offers a full line of banking services through its subsidiaries, including payment solutions and investment management. Commerce Bank, one of its subsidiaries, has a strong presence in the Midwest and beyond, providing financial solutions to individuals and businesses.
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Commerce Bancshares, Inc. (NASDAQ: CBSH) Announced That the Company’s 2024 Annual Meeting of Shareholders Will Be Held in a Virtual Meeting Format Only

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Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that the company's 2024 Annual Meeting of Shareholders will be held in a virtual meeting format only on April 17, 2024, at 9:30 a.m. Central Time. Shareholders as of February 20, 2024, can attend the meeting online and vote if they have a control number.
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Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.86

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Commerce Bancshares, Inc. reported first-quarter earnings per share of $.86, a decrease from the previous year but an increase from the fourth quarter of 2023. Net income for the quarter was $112.7 million, reflecting a strong financial performance. Despite elevated interest rates affecting bank balance sheets, Commerce's net interest income grew slightly, and non-interest income comprised 37.4% of total revenue. The company's liquidity, capital levels, and credit performance remain robust.
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Healthcare Banking Leader Joins PayGround Board of Directors

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PayGround, a healthcare fintech payments platform, announced the addition of Chuck Kim, CFO of Commerce Bancshares, Inc., to its Board of Directors. Kim brings his experience and leadership to PayGround as it enters the next stage of growth. Kim, who joined Commerce in 1989, has corporate responsibility for all of the company's financial functions and oversees various segments of the bank.
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Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock

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Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.27 per share, marking a 5% increase and the 56th consecutive year of dividend growth. The dividend is payable on March 25, 2024, to stockholders of record as of March 7, 2024. With $31.7 billion in assets, Commerce Bancshares, Inc. offers a full line of banking services through its subsidiaries, including payment solutions, investment management, and securities brokerage. The company operates full-service banking facilities across the Midwest and maintains commercial offices in several major cities.
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Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.84

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Commerce Bancshares, Inc. reported earnings of $.84 per share for Q4 2023, down from $1.00 per share in Q4 2022. Net income was $109.2 million, a decrease from $131.6 million in Q4 2022. Non-interest income increased by $8.1 million, while non-interest expense rose by $34.5 million. Total assets were $31.7 billion, an increase of $324.4 million from the previous quarter.
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Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock

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Commerce Bancshares, Inc. declares a quarterly dividend of $0.27 per share on its common stock payable on December 18, 2023. The company also approves a 5% common stock dividend payable on December 19, 2023. No fractional shares will be issued.
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Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $.96

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Commerce Bancshares, Inc. announces Q3 2023 earnings of $.96 per share, compared to $.97 per share in the same quarter last year and $1.02 per share in Q2 2023. Net income for Q3 2023 was $120.6 million, a decrease from $122.8 million in Q3 2022. For the nine months ended September 30, 2023, earnings per share totaled $2.93, compared to $2.81 for the first nine months of 2022. Net income for the nine months was $367.8 million, an increase from $356.8 million in the same period last year. Non-interest income comprised 36.5% of total revenue.
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Commerce Bancs

Nasdaq:CBSH

CBSH Rankings

#716 Ranked by Market Cap
#1565 Ranked by Dividends

CBSH Stock Data

8.00B
130.02M
2.54%
73.84%
1.72%
Banks - Regional
State Commercial Banks
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United States
KANSAS CITY