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.
CommerceHealthcare has launched its fifth annual Healthcare Finance Trends for 2023 report, outlining key challenges in the healthcare sector. The report identifies multiple financial stress points affecting healthcare's stability, including rising acuity levels and reimbursement gaps. Strategies pivot towards outpatient, virtual, and acute home care, with a strong emphasis on improving the Patient Financial Experience. Additionally, 28% of Americans feel less prepared for healthcare expenses. Cybersecurity remains a critical concern, alongside the need for digital transformation in healthcare finance, projected to grow 23% annually in digital payments.
Commerce Bancshares, Inc. reported a Q4 2022 earnings of $1.04 per share, a rise from $0.90 in Q4 2021, with a net income of $131.6 million, up from $114.9 million year-over-year. The net interest income increased to $254.6 million, and average loans rose by 1.5% to $15.9 billion. However, non-interest income slightly fell to $136.8 million, reflecting lower trust and deposit account fees. Total assets decreased by 2.2% to $31.9 billion, and the efficiency ratio was 55.3%. The company also repurchased 332,178 shares at an average price of $70.15.
Commerce Bank has announced a definitive agreement to acquire L.J. Hart & Company, a prominent municipal bond underwriter and advisor based in Chesterfield, MO. The transaction aims to enhance Commerce Bank's institutional fixed-income business, which currently employs over 50 professionals. L.J. Hart & Company has served more than 300 Missouri public school districts and underwritten over 2,600 municipal financings totaling over
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly cash dividend of $0.265 per share payable on December 16, 2022, with the record date set for December 2, 2022. Additionally, a 5% stock dividend has been approved, also payable on December 19, 2022, to shareholders of record on the same date. No fractional shares will be issued, and cash will be given for any fractional interests based on market value. The total assets of Commerce Bancshares, Inc. were reported at $32.6 billion as of September 30, 2022.
Commerce Bancshares, Inc. reported earnings of $1.02 per share for Q3 2022, up from $0.99 a year ago. Net income reached $122.8 million, slightly higher than $122.6 million in Q3 2021. For the first nine months, EPS declined to $2.95 from $3.37 in 2021. Net interest income rose to $246.4 million, reflecting a net interest margin increase to 3.01%. However, average deposits fell by 3.4%, totaling $27.5 billion. The bank maintained solid credit quality with charge-offs at 0.12% of average loans.
Commerce Bank has launched Commerce Connections® Direct, an integrated banking solution developed in partnership with FISPAN. This service allows customers to automate payments and financial processes directly within their Enterprise Resource Planning (ERP) systems, including QuickBooks® Online and Sage Intacct®. With minimal technical burden, users can streamline functionalities such as account reconciliation and payment initiation, enhancing efficiency and reducing errors. The bank, managing $33.4 billion in assets, aims to leverage existing ERP investments to benefit its clientele.
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of
Commerce Bancshares, Inc. reported Q2 2022 earnings of $0.96 per share, down from $1.32 in Q2 2021 and $0.97 in Q1 2022. Net income totaled $115.8 million, declining from $162.3 million year-over-year. For the first half of 2022, EPS was $1.93 compared to $2.38 in the same period last year. Net interest income increased to $232.4 million, driven by a growing net interest margin of 2.79%. Average loans rose to $15.5 billion, while total deposits decreased by $622.5 million. Non-interest income improved to $139.4 million, indicating resilient performance amid economic uncertainties.
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.265 per share, payable on June 22, 2022, to stockholders on record by June 7, 2022. The company, with $35 billion in assets as of March 31, 2022, provides a full range of banking services including payment solutions and investment management, primarily through its subsidiary, Commerce Bank, serving various regions across the U.S.
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that its 2022 annual meeting of shareholders will be held virtually on April 20, 2022, at 9:30 a.m. CDT, due to the ongoing impacts of COVID-19. Shareholders recorded by February 15, 2022, can participate and vote online using their control numbers found on proxy cards. Others may attend as guests but cannot vote or ask questions. Commerce Bancshares manages about $35 billion in assets and offers a full range of banking services across the U.S.
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