With $31.5 billion in assets1, Commerce Bancshares, Inc. is a registered bank holding company offering a full line of banking services, including payment solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., leverages more than 150 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. It also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line.
Company profile
Ticker
CBSH
Exchange
Website
CEO
John W. Kemper
Employees
Incorporated
Location
Fiscal year end
Sector
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
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
10 Mar 23
DEFA14A
Additional proxy soliciting materials
10 Mar 23
DEF 14A
Definitive proxy
10 Mar 23
10-K
2022 FY
Annual report
22 Feb 23
PRE 14A
Preliminary proxy
21 Feb 23
8-K
Departure of Directors or Certain Officers
7 Feb 23
8-K
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $1.04
19 Jan 23
10-Q
2022 Q3
Quarterly report
4 Nov 22
8-K
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.02
18 Oct 22
10-Q
2022 Q2
Quarterly report
5 Aug 22
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| 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) | 897.80 mm | 897.80 mm | 897.80 mm | 897.80 mm | 897.80 mm | 897.80 mm |
| Cash burn (monthly) | 37.09 mm | 283.26 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 108.54 mm | 828.92 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 789.26 mm | 68.89 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 21.3 | 0.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
13.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 420 |
| Opened positions | 66 |
| Closed positions | 33 |
| Increased positions | 275 |
| Reduced positions | 70 |
| 13F shares | Current |
|---|---|
| Total value | 5.43 tn |
| Total shares | 85.78 mm |
| Total puts | 7.84 k |
| Total calls | 19.26 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 12.10 mm | $823.71 bn |
| BLK Blackrock | 10.72 mm | $729.51 bn |
| Aristotle Capital Management | 9.39 mm | $638.94 bn |
| Commerce Bank | 6.97 mm | $474.49 bn |
| STT State Street | 6.24 mm | $424.52 bn |
| Lazard Asset Management | 5.23 mm | $355.92 mm |
| WFC Wells Fargo & Co. | 2.22 mm | $150.87 bn |
| MS Morgan Stanley | 2.00 mm | $135.81 bn |
| Geode Capital Management | 1.78 mm | $120.94 bn |
| American Century Companies | 1.42 mm | $96.92 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 Mar 23 | Paul A Steiner | Common Stock | Grant | Acquire A | No | No | 0 | 516 | 0.00 | 3,177 |
| 2 Mar 23 | Paul A Steiner | Stock Appreciation Rights Common Stock | Grant | Acquire A | No | No | 65.36 | 598 | 39.09 k | 598 |
| 1 Mar 23 | David L Orf | Common Stock | Payment of exercise | Dispose F | No | No | 65.68 | 232 | 15.24 k | 16,955 |
| 1 Mar 23 | Thomas J Noack | Common Stock | Payment of exercise | Dispose F | No | No | 65.68 | 572 | 37.57 k | 23,230 |
| 1 Mar 23 | Kim L Jakovich | Common Stock | Payment of exercise | Dispose F | No | No | 65.68 | 321 | 21.08 k | 5,143 |
| 1 Mar 23 | Paul A Steiner | Common Stock | Payment of exercise | Dispose F | No | No | 65.68 | 77 | 5.06 k | 2,661 |
News
Stocks That Hit 52-Week Lows On Friday
24 Mar 23
Commerce Bancshares Q4 EPS $1.04 Beats $1.03 Estimate
19 Jan 23
Earnings Scheduled For January 19, 2023
19 Jan 23
Commerce Bancshares's Earnings Outlook
18 Jan 23
Morgan Stanley Maintains Equal-Weight on Commerce Bancshares, Lowers Price Target to $70
6 Jan 23