Last $41.92 USD
Change Today +0.40 / 0.96%
Volume 476.0K
As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

commerce bancshares inc (CBSH) Snapshot

Open
$41.45
Previous Close
$41.52
Day High
$41.93
Day Low
$41.34
52 Week High
07/1/14 - $45.38
52 Week Low
10/15/14 - $38.10
Market Cap
4.0B
Average Volume 10 Days
480.6K
EPS TTM
$2.60
Shares Outstanding
96.4M
EX-Date
03/4/15
P/E TM
16.1x
Dividend
$0.90
Dividend Yield
2.05%
Current Stock Chart for COMMERCE BANCSHARES INC (CBSH)

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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. The company operates in three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various retail 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 and telephone banking services. The Commercial segment provides various corporate lending, merchant and commercial bank card, leasing and international, investment safekeeping and bond accounting, and business and government deposit and cash management services, as well as sells fixed-income securities. 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 engaged 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 operates through a network of 202 full-service branches and 398 ATMs, and a central contact center from approximately 360 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas, Missouri.

4,328 Employees
Last Reported Date: 02/24/15
Founded in 1865

commerce bancshares inc (CBSH) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $896.1K
President, Chief Operating Officer, Member of...
Total Annual Compensation: $386.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $415.1K
Executive Vice President, Member of Executive...
Total Annual Compensation: $408.7K
Compensation as of Fiscal Year 2013.

commerce bancshares inc (CBSH) Key Developments

Commerce Bancshares, Inc. Declares Quarterly Dividend Payable on March 26, 2015

Commerce Bancshares, Inc. announced that its Board of Directors declared a quarterly dividend of $0.225 per share on the company's common stock, which compares to the regular prior dividend of $0.214 as adjusted for the 5% stock dividend that was paid on December 15, 2014. This represents an increase in the quarterly dividend per share of 5% and marks the 47th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 26, 2015 to stockholders of record at the close of business on March 6, 2015.

Commerce Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Impairment Loss for the Fourth Quarter of 2014

Commerce Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $151,929,000 against $154,865,000 a year ago. Net interest income after provision for loan losses was $147,265,000 against $149,322,000 a year ago. Income before income taxes was $92,899,000 against $96,184,000 a year ago. Net income attributable to the company was $62,725,000 or $0.62 per diluted common share against $65,915,000 or $0.65 per diluted common share a year ago. The decrease in net income from the previous quarter resulted mainly from lower net interest income of $2.8 million and growth in non-interest expense of $8.1 million, offset by a decrease of $3.0 million in the Company’s loan loss provision. The decrease in net interest income (tax equivalent) in the fourth quarter of 2014 compared to the previous quarter was due mainly to a decline in inflation income of $4.1 million on inflation-protected securities as a result of a lower Consumer Price Index published this quarter. Return on total average assets was 1.08% against 1.18% a year ago. Return on average common equity was 10.98% against 11.81% a year ago. For the full year, the company reported net interest income of $620,204,000 against $619,372,000 a year ago. Net interest income after provision for loan losses was $590,673,000 against $599,019,000 a year ago. Income before income taxes was $383,000,000 against $383,347,000 a year ago. Net income attributable to the company was $261,754,000 or $2.61 per diluted common share against $260,961,000 or $2.59 per diluted common share a year ago. Return on total average assets was 1.15% against 1.19% a year ago. Return on average common equity was 11.65% against 11.99% a year ago. Book value per share based on total equity at the end of the period was $22.73 against $22.00 a year ago. For the fourth quarter ended December 31, 2014, the company reported net impairment losses of $17,000 against $24,000 a year ago.

Commerce Bancshares, Inc. Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-26-2015 08:45 AM

Commerce Bancshares, Inc. Presents at Keefe, Bruyette & Woods Boston Regional Bank Conference, Feb-26-2015 08:45 AM. Venue: The Langham Hotel, 250 Franklin Street, Boston, MA 02110, United States. Speakers: Charles G. Kim, Chief Financial Officer, Jeffery D. Aberdeen, Chief Accounting Officer, Controller and Controller of Commerce Bank.

 

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Industry Analysis

CBSH

Industry Average

Valuation CBSH Industry Range
Price/Earnings 15.9x
Price/Sales 3.9x
Price/Book 1.8x
Price/Cash Flow 15.3x
TEV/Sales NM Not Meaningful
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