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 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 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.
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.
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