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. reported Q1 2022 earnings of $0.97 per share, down from $1.06 in Q1 2021. Net income was $118.2 million, compared to $131.0 million a year ago. The increase in loan demand and a growing net interest margin were noted, with net interest income rising slightly to $208.8 million. However, non-interest income decreased by $15.9 million to $131.8 million. Average loans totaled $15.2 billion, increasing by $130.1 million from the previous quarter. The allowance for credit losses decreased to $134.7 million, representing 0.87% of total loans.
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of
Commerce Bancshares, Inc. reported earnings of $0.94 per share for Q4 2021, down from $1.05 in the same quarter last year. Net income was $114.9 million, compared to $129.9 million a year earlier. Key highlights include a 3.0% decrease in net interest income to $207.7 million, driven by lower interest income from PPP loans, while non-interest income rose 9.3% to $147.7 million. Trust fees increased by 16.5%, reflecting strong customer retention. Total assets grew to $36.7 billion, with non-accrual loans decreasing to $9.2 million.
Commerce Bancshares, Inc. (NASDAQ: CBSH) has announced a 5% common stock dividend payable on December 17, 2021, for shareholders of record as of December 2, 2021. In addition, a quarterly dividend of
Guidewire Software (NYSE: GWRE) partners with Commerce Bank (NASDAQ: CBSH) to introduce the new PreferPay® integration for ClaimCenter, aimed at enhancing policyholder satisfaction and reducing claims payment costs. This digital-first claims payment platform allows insurers to offer faster payment options through an automated, mobile-friendly portal. Key features include the ability to manage one-time and recurring payments, attach relevant documents, and track payment status in real-time. This integration supports a transition from traditional checks to digital payments, ultimately benefiting both payees and insurers.
Commerce Bank and Copart, Inc. (NASDAQ:CPRT) have launched a new payment system that drastically reduces the typical 30-day settlement period for salvage total loss claims in the insurance industry to just five days. This solution utilizes CommercePayments® PreferPay® to automate several cumbersome processes, enhancing efficiency and providing quicker fund access to consumers. Despite challenges from the COVID-19 pandemic, the partnership aims to process around 1.5 million payments per year. Commerce Bank has $34.5 billion in assets, while Copart leads the online vehicle auction sector.
Commerce Bancshares, Inc. reported Q3 2021 earnings of $1.05 per share, a slight decline from $1.06 year-over-year and $1.38 in the previous quarter. The net income for the quarter stood at $122.6 million, down from $132.4 million in Q3 2020 and $162.3 million in Q2 2021. Notably, non-interest income grew by 6.1% to $137.5 million, driven by higher trust and bank card fees. However, average loans decreased by 4.6% to $15.3 billion.
The company declared a cash dividend of $.263 per share, marking a 2.1% increase.
CommerceHealthcare has streamlined patient financing by integrating Health Services Financing (HSF®) with Epic MyChart. This integration enables quicker patient enrollment, simplifying the process for both patients and providers. Patients can now complete enrollment in minutes through their MyChart accounts, automating demographic details and charge selection. Funding for providers is available the next business day. HSF® has financed over $1 billion in patient loans since its launch in 2012, reducing accounts receivable days for healthcare providers.
Commerce Bancshares, Inc. (NASDAQ: CBSH) declared a quarterly dividend of $0.2625 per share on its common stock. This dividend is payable on September 23, 2021, to stockholders of record as of September 7, 2021. With $33.9 billion in assets, Commerce Bancshares provides a full range of banking services, including payment solutions and investment management, across the Midwest and beyond.
FAQ
What is the current stock price of Commerce Bancshares (CBSH)?
What is the market cap of Commerce Bancshares (CBSH)?
What services does Commerce Bancshares Inc. offer?
Where does Commerce Bancshares operate?
What is the market value of Commerce Bancshares Inc.?
Who manages Commerce Bancshares Inc.?
Is Commerce Bancshares involved in any other financial activities?
Where are the headquarters of Commerce Bancshares Inc. located?
What sets Commerce Bancshares apart from other banks?
How does Commerce Bancshares support the community?
Does Commerce Bancshares offer online banking services?
How can I stay updated with the latest news about Commerce Bancshares Inc.?
