Commerce Bancshares (CBSH)

Company Profile

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

NASDAQ

Website

www.commercebank.com

CEO

John W. Kemper

Incorporated

Missouri

Location

Missouri

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

State Street • Ally Financial • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Bank Of New York Mellon • Popular • Associated Banc-Corp. • SVB Financial ...

SEC CIK

0000022356

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

ARS

2022 FY

Annual report to shareholders

10 Mar 23

DEFA14A

Additional proxy soliciting materials

10 Mar 23

22 Feb 23

Departure of Directors or Certain Officers

7 Feb 23

8-K

Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $1.04

4 Nov 22

Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.02

5 Aug 22

Latest ownership filings

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Financial summary

Financial statements Chart CBSH financial data

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)	112.56 mm	859.62 mm	n/a	n/a	n/a	n/a
Cash remaining	785.24 mm	38.18 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	21.2	0.1	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

CBSH institutional ownership history Ownership history

13.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	421	387	+8.8%
Opened positions	67	40	+67.5%
Closed positions	33	42	-21.4%
Increased positions	275	123	+123.6%
Reduced positions	70	136	-48.5%

13F shares	Current	Prev Q	Change
Total value	5.43 tn	5.09 bn	+106502.5%
Total shares	85.78 mm	74.12 mm	+15.7%
Total puts	7.84 k	0.00	NEW
Total calls	19.26 k	0.00	NEW
Total put/call ratio	0.4	–	–

Largest owners	Shares	Value	Change
Vanguard	12.10 mm	$823.71 bn	+6.8%
BLK Blackrock	10.72 mm	$729.51 bn	+8.1%
Aristotle Capital Management	9.39 mm	$638.94 bn	+0.0%
Commerce Bank	6.97 mm	$474.49 bn	+3.9%
STT State Street	6.24 mm	$424.52 bn	NEW
Lazard Asset Management	5.23 mm	$355.92 mm	+3.2%
WFC Wells Fargo & Co.	2.22 mm	$150.87 bn	+5.3%
MS Morgan Stanley	2.00 mm	$135.81 bn	+192.6%
Geode Capital Management	1.78 mm	$120.94 bn	+9.8%
American Century Companies	1.42 mm	$96.92 bn	+58.9%

Largest transactions	Shares	Bought/sold	Change
STT State Street	6.24 mm	+6.24 mm	NEW
Eaton Vance Management	0.00	-1.40 mm	EXIT
MS Morgan Stanley	2.00 mm	+1.31 mm	+192.6%
Norges Bank	1.14 mm	+1.14 mm	NEW
BLK Blackrock	10.72 mm	+799.73 k	+8.1%
Vanguard	12.10 mm	+768.72 k	+6.8%
Cooke & Bieler	343.19 k	-534.31 k	-60.9%
American Century Companies	1.42 mm	+527.76 k	+58.9%
Citadel Advisors	929.60 k	+506.79 k	+119.9%
Mutual Advisors	392.37 k	+392.37 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CBSH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Mar 23	Barth Kevin G	Common Stock	Grant	Acquire A	Yes	No	58.7417	89	5.23 k	19,664
27 Mar 23	Thomas J Noack	Common Stock	Grant	Acquire A	Yes	No	58.7417	47	2.76 k	9,885
27 Mar 23	Kemper Jonathan M	Common Stock	Grant	Acquire A	Yes	No	58.7417	825	48.46 k	180,224
27 Mar 23	David W Kemper	Common Stock	Grant	Acquire A	Yes	No	58.7417	98	5.76 k	21,433
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