commerce bank, a missouri-based company, operates as a super-community bank offering an array of sophisticated financial products delivered with high-quality, personal customer service including: • lending; • payment systems and processing; • trust and brokerage services; • capital markets; • full-feature online banking; • a central contact center; and • an expansive atm network. commerce serves its customers in more than 200 branches in missouri, kansas, illinois, oklahoma and colorado, as well as commercial offices in cincinnati, nashville, and dallas. we believe in conducting business with the highest standards of governance and ethics. we provide products and services that meet the rising expectations of our customers; attract and retain quality employees; support our communities; and work to lessen our environmental impact. we have headquarters in kansas city and st. louis with a fifth-generation of family management and empowered local managers in our community banks.
Company profile
Ticker
CBSH
Exchange
Website
CEO
John W. Kemper
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
CBI-Kansas, Inc. • Commerce Brokerage Services, Inc. • Clayton Holdings, LLC • Clayton Financial Corp. • Clayton Realty Corp. • Illinois Financial, LLC • Illinois Realty, LLC • Commerce Insurance Services, Inc. • Commerce Investment Advisors, Inc. • CBI Equipment Finance, Inc. ...
IRS number
430889454
CBSH stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
18 Apr 24
8-K
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.86
16 Apr 24
ARS
2023 FY
Annual report to shareholders
8 Mar 24
DEFA14A
Additional proxy soliciting materials
8 Mar 24
DEF 14A
Definitive proxy
8 Mar 24
8-K
Departure of Directors or Certain Officers
6 Feb 24
8-K
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.84
18 Jan 24
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $.96
18 Oct 23
10-Q
2023 Q2
Quarterly report
4 Aug 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.21 bn | 2.21 bn | 2.21 bn | 2.21 bn | 2.21 bn | 2.21 bn |
Cash burn (monthly) | 243.28 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.66 bn | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 552.09 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 2.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
65.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 375 |
Opened positions | 46 |
Closed positions | 55 |
Increased positions | 117 |
Reduced positions | 142 |
13F shares | Current |
---|---|
Total value | 3.86 tn |
Total shares | 85.49 mm |
Total puts | 6.10 k |
Total calls | 20.50 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 11.81 mm | $566.86 bn |
BLK Blackrock | 10.45 mm | $501.60 bn |
Aristotle Capital Management | 8.90 mm | $427.19 bn |
Commerce Bank | 7.03 mm | $337.13 bn |
STT State Street | 6.37 mm | $305.71 bn |
Lazard Asset Management | 4.61 mm | $221.33 mm |
WFC Wells Fargo & Co. | 2.19 mm | $105.06 bn |
MS Morgan Stanley | 2.13 mm | $102.38 bn |
Geode Capital Management | 1.94 mm | $92.90 bn |
JPM JPMorgan Chase & Co. | 1.71 mm | $81.90 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Mar 24 | Thomas J Noack | Common Stock | Grant | Acquire A | Yes | No | 51.3587 | 57 | 2.93 k | 10,603 |
25 Mar 24 | David W Kemper | Common Stock | Grant | Acquire A | Yes | No | 51.3587 | 121 | 6.21 k | 22,990 |
25 Mar 24 | Barth Kevin G | Common Stock | Grant | Acquire A | Yes | No | 51.3587 | 111 | 5.70 k | 21,094 |
25 Mar 24 | Kemper Jonathan M | Common Stock | Grant | Acquire A | Yes | No | 51.3587 | 1,012 | 51.98 k | 193,319 |
11 Mar 24 | Holmes Robert S | Common Stock | Sell | Dispose S | No | No | 52.655 | 5,000 | 263.28 k | 50,293 |
News
The Analyst Landscape: 4 Takes On Commerce Bancshares
17 Apr 24
Keefe, Bruyette & Woods Maintains Market Perform on Commerce Bancshares, Raises Price Target to $58
17 Apr 24
Piper Sandler Maintains Neutral on Commerce Bancshares, Raises Price Target to $54
17 Apr 24
Earnings Scheduled For April 16, 2024
16 Apr 24
Commerce Bancshares Q1 EPS $0.86 Beats $0.81 Estimate, Sales $397.85M Beat $390.36M Estimate
16 Apr 24
Press releases
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
17 Apr 24
Commerce Bancshares, Inc. (NASDAQ: CBSH) Announced That the Company's 2024 Annual Meeting of Shareholders Will Be Held in a Virtual Meeting Format Only
16 Apr 24
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.86
16 Apr 24
Healthcare Banking Leader Joins PayGround Board of Directors
6 Feb 24
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
2 Feb 24