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Last $44.59 USD
Change Today -0.11 / -0.25%
Volume 461.0K
CBSH On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

commerce bancshares inc (CBSH) Snapshot

Open
$44.64
Previous Close
$44.70
Day High
$44.90
Day Low
$44.30
52 Week High
07/21/15 - $48.70
52 Week Low
10/15/14 - $38.10
Market Cap
4.2B
Average Volume 10 Days
622.6K
EPS TTM
$2.64
Shares Outstanding
93.3M
EX-Date
09/9/15
P/E TM
16.9x
Dividend
$0.90
Dividend Yield
1.97%
Current Stock Chart for COMMERCE BANCSHARES INC (CBSH)

commerce bancshares inc (CBSH) Related Businessweek News

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commerce bancshares inc (CBSH) Details

Commerce Bancshares, Inc. 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. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as auto, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer installment loans; real estate loans; indirect and other consumer financing; personal mortgage banking; and consumer debit and credit bank cards, as well as provides online, mobile, and telephone banking services. The Commercial segment offers corporate lending, merchant and commercial bank card, leasing and international, and investment safekeeping and bond accounting services; and business, government deposit, and related commercial cash management services, as well as sells fixed-income securities to individuals, corporations, correspondent banks, public institutions, and municipalities. The Wealth segment provides traditional trust and estate tax planning services, brokerage services, and advisory and discretionary investment portfolio management services, as well as manages a family of proprietary mutual funds, which are available for sale to trust and general retail customers. The company, through its other non-banking subsidiaries, is involved in the credit life and credit accident, and health insurance underwriting; selling property and casualty insurance; private equity investments; securities brokerage; mortgage banking; and leasing activities. It provides services through a network of 195 full-service branches and 392 ATMs, and a central contact center from approximately 350 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

4,768 Employees
Last Reported Date: 08/6/15
Founded in 1865

commerce bancshares inc (CBSH) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $917.4K
President, Chief Operating Officer and Presid...
Total Annual Compensation: $465.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $425.3K
Executive Vice President and Executive Vice P...
Total Annual Compensation: $475.3K
Compensation as of Fiscal Year 2014.

commerce bancshares inc (CBSH) Key Developments

Commerce Bank Promotes Jason Penfield to Senior Vice President and Division Manager of Commercial Real Estate in St. Louis

Jason Penfield, who joined Commerce Bank from Heartland Bank in April 2015, has been promoted to senior vice president and division manager of commercial real estate in St. Louis. Penfield will report to Bob Holmes, president and CEO of the St. Louis market. William Gamewell, former division manager, will remain within the commercial real estate group in a senior role.

Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock, Payable on September 28, 2015 and September 1, 2015, Respectively

Commerce Bancshares, Inc. announced that its Board of Directors declared a quarterly dividend of $0.225 per share on the company's common stock payable on September 28, 2015, to stockholders of record at the close of business on September 11, 2015. Also the Board of Directors approved a dividend of $0.3750 per depositary share on the company’s series B non-cumulative perpetual preferred stock, payable on September 1, 2015, to stockholders of record at the close of business on August 14, 2015.

Commerce Bancshares, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Loan Charge-Offs for the Second Quarter of 2015

Commerce Bancshares, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's diluted earnings per common share were $0.75 compared to $0.66 a year ago. Net income attributable to company was $74.4 million, compared to $66.5 million in the same quarter last year. Return on average assets was 1.26% against 1.18% for the same period a year ago. Return on average common equity was 12.91% against 11.79% for the same period a year ago. Net interest income was $163,657,000 compared to $160,493,000 a year ago. Net income available to common shareholders was $72.103 million compared to $66.531 million a year ago. Income before income taxes was $107.815 million against $96.590 million for the same period a year ago. The increase in net income over the previous quarter resulted mainly from an increase in net interest income and non-interest income of $17.5 million and $7.7 million, respectively. The increase in net interest income over the previous quarter resulted mainly from an increase in inflation income of $12.1 million on the Company’s inflation-protected securities. For the six months ended June 30, 2015, diluted earnings per common share were $1.36 compared to $1.30 a year ago. Net income attributable to company was $135.4 million compared to $130.84 million year ago. Return on average assets was 1.15% against 1.17% for the same period a year ago. Return on average common equity was 11.81% against 11.67% for the same period a year ago. Net interest income was $309.795 million compared to $313.559 million a year ago. Net income available to common shareholders was $130.908 million compared to $130.844 million a year ago. Book value per common share at June 30, 2015, was $23.26 against $22.01 at June 30, 2014. Income before income taxes was $198.297 million against $190.698 million for the same period a year ago. Net loan charge-offs in the second quarter of 2015 amounted to $8.8 million, compared with $7.4 million in the prior quarter and $7.6 million in the second quarter of last year.

 

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CBSH Competitors

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Cullen/Frost Bankers Inc $64.19 USD +0.52
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Investors Bancorp Inc $11.75 USD 0.00
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Prosperity Bancshares Inc $51.64 USD +0.16
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Industry Analysis

CBSH

Industry Average

Valuation CBSH Industry Range
Price/Earnings 16.7x
Price/Sales 4.0x
Price/Book 1.9x
Price/Cash Flow 15.6x
TEV/Sales 0.4x
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