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. (NASDAQ: CBSH) declined to $0.34 per share in the second quarter from $0.44 per share in the first quarter of 2020. The earnings decline was attributable to lower provision expense and a decline in bank card transaction fees. Earning will likely improve in the year...
Sheen Bay Research on Seeking Alpha | September 16, 2020
I’ve complained for some time that I thought the premium on Commerce Bancshares' (CBSH) shares was just too high. During this downturn, though, the bank’s more conservative stance is serving the company well and the shares have outperformed the peer group by around 15% or so since the time of...
Stephen Simpson, CFA on Seeking Alpha | August 4, 2020
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. today announced that it will redeem all outstanding shares of its 6.00% Series B Non-Cumulative Perpetual Preferred Stock, $1.00 par value per share (“Series B Preferred Stock”), and the corresponding depositary shares representing fractional interests in the Series B Preferred Stock (“Series B Depositary Shares”). The Series B Depositary Shares (Nasdaq: CBSHP, CUSIP: 200525301), each representing a 1/1,000th interest in a share of Se
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 on September 21, 2020 to stockholders of record at the close of business on September 4, 2020.