Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 306 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. The company was founded in 1865 and is headquartered in Kansas City, Missouri.
IPO Year:
Exchange: NASDAQ
Website: commercebank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/30/2024 | $66.00 → $64.00 | Overweight → Equal-Weight | Morgan Stanley |
| 4/17/2024 | $61.00 | Mkt Perform → Outperform | Raymond James |
| 1/11/2024 | $55.00 | Neutral | BofA Securities |
| 9/27/2023 | $48.00 → $49.00 | Underweight → Equal-Weight | Morgan Stanley |
| 5/16/2023 | $50.00 → $48.00 | Equal-Weight → Underweight | Morgan Stanley |
| 12/5/2022 | $74.00 | Equal-Weight | Morgan Stanley |
| 3/21/2022 | $60.00 → $70.00 | Underweight → Equal Weight | Wells Fargo |
| 12/6/2021 | $63.00 → $70.00 | Underweight | Morgan Stanley |
| 12/2/2021 | $62.86 → $63.00 | Underweight | Morgan Stanley |
| 12/1/2021 | $66.00 → $62.86 | Underweight | Morgan Stanley |
Ratings for Commerce Bancshares (NASDAQ:CBSH) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Commerce Bancshares, presenting an average target of $60.5, a high estimate of $62.00, and a low estimate of $58.00. This
Morgan Stanley analyst Manan Gosalia maintains Commerce Bancshares (NASDAQ:CBSH) with a Equal-Weight and raises the price target from $55 to $58.
Wells Fargo analyst Steven Shaw maintains Commerce Bancshares (NASDAQ:CBSH) with a Equal-Weight and raises the price target from $52 to $62.
Commerce Bancshares (NASDAQ:CBSH) reported quarterly earnings of $1.07 per share. This is 10.31 percent increase over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $414.49 million which beat the analyst consensus estimate of $406.86 million by 1.88 percent. This is a 4.37 percent increase over sales of $397.14 million the same period last year.
Analysts' ratings for Commerce Bancshares (NASDAQ:CBSH) over the last quarter vary from bullish to bearish, as provided by 5 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 2 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $59.0, a high estimate of $62.00, and a low estimate of $54.00. This current average has increased by 3.96% from the pr
Jefferies analyst Ken Usdin maintains Commerce Bancshares (NASDAQ:CBSH) with a Hold and raises the price target from $60 to $62.
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains Commerce Bancshares (NASDAQ:CBSH) with a Market Perform and raises the price target from $58 to $60.
During the last three months, 4 analysts shared their evaluations of Commerce Bancshares (NASDAQ:CBSH), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $55.75, along with a high estimate of $58.00 and a low estimate of $54.00. This current avera
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains Commerce Bancshares (NASDAQ:CBSH) with a Market Perform and raises the price target from $56 to $58.
Morgan Stanley downgraded Commerce Bancshares from Overweight to Equal-Weight and set a new price target of $64.00 from $66.00 previously
Raymond James upgraded Commerce Bancshares from Mkt Perform to Outperform and set a new price target of $61.00
BofA Securities initiated coverage of Commerce Bancshares with a rating of Neutral and set a new price target of $55.00
Morgan Stanley upgraded Commerce Bancshares from Underweight to Equal-Weight and set a new price target of $49.00 from $48.00 previously
Morgan Stanley downgraded Commerce Bancshares from Equal-Weight to Underweight and set a new price target of $48.00 from $50.00 previously
Morgan Stanley initiated coverage of Commerce Bancshares with a rating of Equal-Weight and set a new price target of $74.00
Wells Fargo upgraded Commerce Bancshares from Underweight to Equal Weight and set a new price target of $70.00 from $60.00 previously
Morgan Stanley reiterated coverage of Commerce Bancshares with a rating of Underweight and set a new price target of $70.00 from $63.00 previously
Morgan Stanley reiterated coverage of Commerce Bancshares with a rating of Underweight and set a new price target of $63.00 from $62.86 previously
Morgan Stanley reiterated coverage of Commerce Bancshares with a rating of Underweight and set a new price target of $62.86 from $66.00 previously
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on December 17, 2024 to stockholders of record at the close of business on December 3, 2024. The Board of Directors also approved a 5% common stock dividend payable on December 18, 2024 to shareholders of record at the close of business on December 3, 2024. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 18, 2024. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market val
Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended September 30, 2024, compared to $.92 per share in the same quarter last year and $1.07 per share in the second quarter of 2024. Net income for the third quarter of 2024 amounted to $138.0 million, compared to $120.6 million in the third quarter of 2023 and $139.6 million in the prior quarter. For the nine months ended September 30, 2024, earnings per share totaled $3.00, compared to $2.80 for the first nine months of 2023. Net income amounted to $390.2 million for the nine months ended September 30, 2024, compared to $367.8 million in the comparable period last year. For the year to date, the return
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on September 23, 2024 to stockholders of record at the close of business on September 5, 2024. With $30.6 billion in assets1, Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges.
Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended June 30, 2024, compared to $.97 per share in the same quarter last year and $.86 per share in the first quarter of 2024. Net income for the second quarter of 2024 amounted to $139.6 million, compared to $127.8 million in the second quarter of 2023 and $112.7 million in the prior quarter. For the six months ended June 30, 2024, earnings per share totaled $1.93, compared to $1.88 for the first six months of 2023. Net income amounted to $252.2 million for the six months ended June 30, 2024, compared to $247.2 million in the comparable period last year. For the year to date, the return on average assets
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that Visa Inc. has accepted the company's tender of its 823,447 shares of Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock. As a result of the exchange, Commerce marked its Visa Class C common stock to fair value and recorded a gain of $175.5 million based on the conversion privilege of the Visa Class C common stock and the closing price of Visa Class A common stock on May 3, 2024 of $268.49 per share. The company's Visa Class C shares are expected to continue to be marked to fair value on a recurring basis using the Visa Class A shares as evidence of orderly trans
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced that its Board of Directors approved the repurchase, in combination with the amount remaining from the prior authorization on April 20, 2022, of up to 5,000,000 total shares of the Company's common stock through its share repurchase program. Repurchases under this program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations. Repurchases, if any, under the program will be made at the sole discretion of management, and the timing and actual number of shares repurchased will depend upon market pricing and conditions, business, leg
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 18, 2024 to stockholders of record at the close of business on June 5, 2024. With $30.4 billion in assets1, Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In additio
As publicly announced, the annual meeting will be held on Wednesday, April 17, 2024 at 9:30 a.m. Central Time. Shareholders as of the close of business on the record date of February 20, 2024, and their legal proxies and other interested parties may attend the virtual annual meeting at https://meetnow.global/MJU5XK6. Shareholders as of the close of business on the record date, who have a control number may attend the annual meeting virtually as a "Shareholder" and may vote during, and participate in, the annual meeting by following the instructions available on the meeting website. For registered shareholders, the control number can be found on their proxy card or notice, or email they pr
Commerce Bancshares, Inc. announced earnings of $.86 per share for the three months ended March 31, 2024, compared to $.91 per share in the same quarter last year and $.84 per share in the fourth quarter of 2023. Net income for the first quarter of 2024 amounted to $112.7 million, compared to $119.5 million in the first quarter of 2023 and $109.2 million in the prior quarter. "Commerce delivered a strong financial performance for the first quarter," said John Kemper, President and Chief Executive Officer. "Our results are a reflection of fundamental strength and a diversified business model, and evidence of our ability to perform well through economic cycles. "Although interest rates co
Series A lead investor, SixThirty names Commerce Bank CFO Chuck Kim to their PayGround board seat GILBERT, Ariz., Feb. 6, 2024 /PRNewswire/ -- PayGround, a healthcare fintech payments platform, today announced the addition of Chuck Kim, Executive Vice President and Chief Financial Officer of Commerce Bancshares, Inc., to its Board of Directors. Commerce Bank enjoys a leadership position in healthcare banking, payments and financial solutions. PayGround's Series A lead investor, SixThirty, appointed Kim to assume its board seat, bringing his experience and leadership to PayGround as it enters the next stage of growth.
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Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on December 17, 2024 to stockholders of record at the close of business on December 3, 2024. The Board of Directors also approved a 5% common stock dividend payable on December 18, 2024 to shareholders of record at the close of business on December 3, 2024. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 18, 2024. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market val
Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended September 30, 2024, compared to $.92 per share in the same quarter last year and $1.07 per share in the second quarter of 2024. Net income for the third quarter of 2024 amounted to $138.0 million, compared to $120.6 million in the third quarter of 2023 and $139.6 million in the prior quarter. For the nine months ended September 30, 2024, earnings per share totaled $3.00, compared to $2.80 for the first nine months of 2023. Net income amounted to $390.2 million for the nine months ended September 30, 2024, compared to $367.8 million in the comparable period last year. For the year to date, the return
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on September 23, 2024 to stockholders of record at the close of business on September 5, 2024. With $30.6 billion in assets1, Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges.
Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended June 30, 2024, compared to $.97 per share in the same quarter last year and $.86 per share in the first quarter of 2024. Net income for the second quarter of 2024 amounted to $139.6 million, compared to $127.8 million in the second quarter of 2023 and $112.7 million in the prior quarter. For the six months ended June 30, 2024, earnings per share totaled $1.93, compared to $1.88 for the first six months of 2023. Net income amounted to $252.2 million for the six months ended June 30, 2024, compared to $247.2 million in the comparable period last year. For the year to date, the return on average assets
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 18, 2024 to stockholders of record at the close of business on June 5, 2024. With $30.4 billion in assets1, Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In additio
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, which compares to the prior dividend of $0.257 as adjusted for the 5% stock dividend that was paid on December 19, 2023. This represents an increase in the quarterly dividend per share of 5% and marks the 56th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 25, 2024 to stockholders of record at the close of business on March 7, 2024. With $31.7 billion in assets1, Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company offering a full line
Commerce Bancshares, Inc. announced earnings of $.84 per share for the three months ended December 31, 2023, compared to $1.00 per share in the same quarter last year and $.92 per share in the third quarter of 2023. Net income for the fourth quarter of 2023 amounted to $109.2 million, compared to $131.6 million in the fourth quarter of 2022 and $120.6 million in the prior quarter. "We are pleased with our fourth quarter results," said John Kemper, President and Chief Executive Officer. "These results reflect the strength of our core deposit base, the impact of higher earning asset yields, and the contribution from key non-interest income categories, notably trust, bank card and deposit fe
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock payable December 18, 2023, to stockholders of record at the close of business on December 4, 2023. The Board of Directors also approved a 5% common stock dividend payable on December 19, 2023 to shareholders of record at the close of business on December 4, 2023. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 19, 2023. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market value of the stock on
Commerce Bancshares, Inc. announced earnings of $.96 per share for the three months ended September 30, 2023, compared to $.97 per share in the same quarter last year and $1.02 per share in the second quarter of 2023. Net income for the third quarter of 2023 amounted to $120.6 million, compared to $122.8 million in the third quarter of 2022 and $127.8 million in the prior quarter. For the nine months ended September 30, 2023, earnings per share totaled $2.93, compared to $2.81 for the first nine months of 2022. Net income amounted to $367.8 million for the nine months ended September 30, 2023, compared to $356.8 million in the comparable period last year. For the year to date, the return
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on September 25, 2023 to stockholders of record at the close of business on September 6, 2023. About Commerce Bancshares, Inc. With $32.8 billion in assets1, Commerce Bancshares, Inc. (NASDAQ:CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and busin