Commerce Bancshares operates as the bank holding company for Commerce Bank that provides retail, corporate, investment, trust, and asset management products and services to individuals and businesses in Missouri, Kansas, Illinois, Oklahoma, and Colorado. The company was founded in 1865 and is based in Kansas City, Missouri.
Earnings of Commerce Bancshares, Inc. (CBSH) will likely increase in 2021 on a year-over-year basis due to an expected fall in provision expense. The credit risk of the company’s portfolio has substantially declined; therefore, provisioning will likely drop this year. Subdued loan growth will likely further support the bottom line....
Sheen Bay Research on Seeking Alpha | January 17, 2021
The actions follow earlier announcements from Marriott International, Blue Cross Blue Shield, Commerce Bancshares, which said they are suspending financial support for all lawmakers who voted against certifying Joe Biden's election as president.