Welcome to our dedicated page for Commerce Bancs SEC filings (Ticker: CBSH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Commerce Bancshares Inc. filings document regulatory disclosures for a bank holding company with banking, payment solutions, wealth management and securities brokerage operations. Form 8-K reports furnish quarterly earnings releases and investor presentations, record material governance events, and describe officer succession, director retirement and annual meeting voting results.
The company's proxy materials cover board elections, shareholder meeting procedures, executive compensation, equity incentive awards and related governance matters. Other event filings address securities holdings and balance-sheet portfolio considerations, while compensation disclosures describe restricted stock units, performance-based awards and named executive officer pay programs tied to the company's public-company governance structure.
Commerce Bancshares Controller Steven A. Brandjord filed an initial ownership report showing his current equity stake. He holds 4,251 shares of common stock directly and 832 shares indirectly through a 401(k) plan. He also holds several stock appreciation right awards tied to future vesting dates and long-dated expirations.
Commerce Bancshares reported that Visa accepted its tender of 411,723 Visa Class B-2 shares in an exchange for Visa Class B-3 and Class C shares. As a result, the company marked its Visa Class C stock to fair value and recorded a pre-tax gain of $99 million, based on the Visa Class A closing price of $318.79 on May 8, 2026.
The company also approved a plan to sell approximately $911 million of available-for-sale debt securities yielding about 2.5%, expecting a pre-tax loss of about $95 million. It plans to reinvest proceeds into interest-earning assets around 4.0%, which it expects will raise net interest income, lower earnings volatility, reduce interest-rate exposure, and improve balance sheet flexibility. Overall, the combined impact of the gain and repositioning is expected to be approximately neutral to the Common Equity Tier 1 capital ratio.
State Street Corporation reports beneficial ownership of 7,066,546 shares of Commerce Bancshares Inc. The filing states this represents 4.8% of the outstanding common stock as reported and lists shared voting power of 994,637 and shared dispositive power of 7,066,546. The filing names several State Street advisory subsidiaries and is signed by a Senior Vice President.
Commerce Bancshares, Inc. reported first‑quarter 2026 results showing a larger balance sheet and higher earnings. Total assets reached $35.7 billion as of March 31, 2026, up from $32.9 billion at year‑end, driven mainly by loan growth to $20.5 billion and deposits rising to $28.4 billion.
Net income attributable to Commerce Bancshares, Inc. was $141.6 million for the three months ended March 31, 2026, compared with $131.6 million a year earlier, with diluted earnings per share increasing to $0.96 from $0.93. Net interest income rose to $299.8 million and non‑interest income to $175.9 million, while the provision for credit losses declined.
On January 1, 2026 the company completed its acquisition of FineMark Holdings, Inc. for $519.9 million in stock, generating preliminary goodwill of $107.3 million and $138.1 million of identifiable intangible assets. Available‑for‑sale debt securities totaled $8.6 billion with $711.4 million of unrealized losses recorded in accumulated other comprehensive income.
Commerce Bancshares, Inc. reported a change in its board leadership. Director Benjamin F. Rassieur, III retired from the Board of Directors effective May 7, 2026, in line with the company’s mandatory retirement requirements. He had served on the board since 1997 and was a member and former chairman of the Audit and Risk Committee, contributing to oversight of the company’s financial reporting and risk management.
Commerce Bancshares Inc Schedule 13G shows Vanguard Portfolio Management reports beneficial ownership of 8,821,011 shares of Common Stock, representing 6% of the class. The filing states Vanguard has 16,477 shares of sole voting power and sole dispositive power over 8,821,011 shares. The filing is signed by Ashley Grim on 04/29/2026.
Commerce Bancshares, Inc. authorized repurchases of up to 7,500,000 shares of its common stock under its share repurchase program. This increases the capacity to return capital to shareholders through open-market or other buyback activity.
The company’s Board appointed Steven A. Brandjord as Corporate Controller and Chief Accounting Officer, effective May 15, 2026. Shareholders elected four directors to serve until the 2029 annual meeting, ratified KPMG LLP as independent auditor for 2026, and approved the non-binding advisory vote on executive compensation, with each proposal receiving sufficient support to pass.
Commerce Bancshares explains that it owns 411,723 shares of Visa Class B-2 common stock, which are carried at zero value on its balance sheet as of March 31, 2026. Visa has launched an exchange offer to swap these Class B-2 shares for a mix of Class B-3 and Class C common stock.
The company has tendered all of its Visa Class B-2 shares and, if the tender is accepted and the exchange occurs in the second quarter of 2026, it expects to record a significant gain based on the conversion privilege of the Class C stock and the Visa Class A closing price. The company also states that, if this gain is realized, it may consider selling part of its available for sale debt securities portfolio and reinvesting, which could result in a significant loss in the same quarter depending on market conditions and the gain amount.
Commerce Bancshares, Inc. reported first quarter 2026 diluted earnings per share of $0.96, up from $0.93 a year ago but down from $1.01 in the prior quarter. Net income was $141.6 million, with total revenue of $475.7 million driven by net interest income of $299.8 million and non-interest income of $175.9 million.
The quarter reflects the first full period of the FineMark Holdings, Inc. acquisition, which added about $3.9 billion in assets, $2.7 billion in loans, $3.1 billion in deposits and $8.7 billion in assets under administration. Period-end total assets reached $35.7 billion, loans $20.5 billion, and deposits $28.4 billion.
Profitability remained solid, with return on average assets of 1.62% and return on average equity of 13.22%, though the efficiency ratio rose to 60.0% as non-interest expense increased 22% year over year, including $14.0 million of acquisition-related costs and $5.4 million of intangible amortization. Asset quality stayed strong: non-accrual loans were 0.05% of total loans and net charge-offs were 0.30% of average loans. The company returned capital to shareholders via $84 million of share repurchases and a quarterly dividend of $0.275 per share.
Commerce Bancshares, Inc. reported that Paul A. Steiner, its Corporate Controller and Chief Accounting Officer, has decided to resign to pursue other opportunities. The company stated his decision is not due to any disagreement regarding finances, accounting, operations, policies, or practices.
Steiner will remain through July 7, 2026 to support an orderly transition. The company has selected Steven A. Brandjord as his successor, who will become Corporate Controller and Chief Accounting Officer effective May 2026, following Board appointment.
In connection with his promotion, Brandjord will receive approximately 2,100 restricted stock units that vest over four years under the company’s standard equity award agreement. Brandjord joined the company in 2014 and currently serves as Assistant Controller and Director of Tax.