Welcome to our dedicated page for Commerce Bancshares news (Ticker: CBSH), a resource for investors and traders seeking the latest updates and insights on Commerce Bancshares stock.
Commerce Bancshares Inc. (CBSH) is a prominent regional bank headquartered in Kansas City and St. Louis, Missouri. As a super-community bank, Commerce Bancshares provides a comprehensive suite of financial products and services, with a strong emphasis on high-quality, personalized customer service. The company operates over 200 branches across Missouri, Kansas, Illinois, Oklahoma, and Colorado, alongside commercial offices in key cities like Cincinnati, Nashville, and Dallas.
Commerce Bancshares offers a diverse range of services, including lending, payment systems and processing, trust and brokerage services, capital markets, and full-feature online banking. Customers can also access a vast network of ATMs and a central contact center for enhanced service convenience. The company’s financial products cater to both personal and business banking needs, ensuring a broad market reach.
Upholding the highest standards of governance and ethics, Commerce Bancshares is committed to meeting the rising expectations of its customers, retaining quality employees, supporting community initiatives, and minimizing environmental impact. The bank is managed by a fifth-generation family leadership, which empowers local managers to efficiently serve their communities.
With a robust financial foundation, Commerce Bancshares Inc. is valued at approximately $22 billion. Its subsidiaries expand its service offerings into mortgage banking, leasing, credit-related insurance, venture capital, and real estate. This diversification not only fortifies the bank’s market position but also enhances its capacity to offer comprehensive financial solutions to its clients.
For recent updates and news about Commerce Bancshares Inc., please refer to the latest news section below.
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of
Commerce Bancshares, Inc. will host its annual meeting on April 19, 2023, at 9:30 a.m. Central Daylight Time. Shareholders as of February 15, 2023, can attend virtually using a control number found on their proxy card or notice. Guests without a control number may join but will not have voting rights or the ability to ask questions. Commerce Bancshares, with $32 billion in assets as of March 31, 2023, operates a full range of banking services across the Midwest, including St. Louis and Kansas City. The company emphasizes its commitment to providing high-touch service through various channels, including online and mobile banking.
Commerce Bancshares, Inc. (NASDAQ: CBSH) reported earnings of $0.95 per share for Q1 2023, up from $0.92 in Q1 2022 but down from $1.05 in Q4 2022. Net income totaled $119.5 million, slightly higher than $118.2 million a year ago but less than $131.6 million last quarter. Key highlights include a decrease in net interest income to $251.6 million, a 5.1% drop in average deposits to $24.68 billion, and a $306,000 net securities loss compared to a gain of $8.9 million previously. Average loans increased by 3.3% to $16.4 billion. The efficiency ratio stood at 57.5%, with a return on average assets of 1.54% and return on average equity of 18.75%. The company’s capital and liquidity positions remain strong amidst industry uncertainties.
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of
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