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CBSH Commerce Bancshares

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, CBCB
Exchange
CEO
John W. Kemper
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
430889454

CBSH stock data

(
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Calendar

24 Feb 21
2 Mar 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Feb 21 Douglas D Neff Common Stock Sell Dispose S No No 76.8 851 65.36K 6,203
25 Feb 21 Douglas D Neff Common Stock Sale back to company Dispose D No No 76.805 688 52.84K 7,054
25 Feb 21 Douglas D Neff Common Stock Payment of exercise Dispose F No No 76.805 459 35.25K 7,742
25 Feb 21 Douglas D Neff Common Stock Option exercise Aquire M No No 26.4102 1,998 52.77K 8,201
25 Feb 21 Douglas D Neff Stock Appreciation Rights Common Stock Option exercise Dispose M No No 26.4102 1,998 52.77K 0
24 Feb 21 Kemper Jonathan M Common Stock Sell Dispose S No No 75.5727 26,568 2.01M 861,000
19 Feb 21 David L Orf Common Stock Sell Dispose S No No 74.071 592 43.85K 12,264
19 Feb 21 David L Orf Common Stock Sale back to company Dispose D No No 74.08 738 54.67K 12,856
19 Feb 21 David L Orf Common Stock Payment of exercise Dispose F No No 74.08 257 19.04K 13,594
19 Feb 21 David L Orf Common Stock Option exercise Aquire M No No 34.4046 1,587 54.6K 13,851
69.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 372 353 +5.4%
Opened positions 50 31 +61.3%
Closed positions 31 33 -6.1%
Increased positions 249 99 +151.5%
Reduced positions 65 145 -55.2%
13F shares
Current Prev Q Change
Total value 5.68B 4.35B +30.6%
Total shares 77.39M 73.59M +5.2%
Total puts 17K 5K +239.9%
Total calls 59.51K 75K -20.7%
Total put/call ratio 0.3 0.1 +328.4%
Largest owners
Shares Value Change
Vanguard 10.43M $684.94M +6.9%
BLK Blackrock 9.4M $617.63M +8.4%
Aristotle Capital Management 7.96M $523.24M +7.5%
Commerce Bank 6.82M $448.39M +1.2%
STT State Street 5.17M $339.85M +12.2%
Lazard Asset Management 4.8M $315.48M +12.1%
American Century Companies 3.05M $200.49M +2.0%
JPM JPMorgan Chase & Co. 1.97M $129.11M +0.9%
WFC Wells Fargo & Co. 1.83M $120.05M +2.5%
BK Bank Of New York Mellon 1.43M $94.16M +7.5%
Largest transactions
Shares Bought/sold Change
Champlain Investment Partners 0 -825.16K EXIT
BLK Blackrock 9.4M +727.33K +8.4%
Vanguard 10.43M +673.55K +6.9%
STT State Street 5.17M +561.87K +12.2%
Aristotle Capital Management 7.96M +553.1K +7.5%
Lazard Asset Management 4.8M +519K +12.1%
IVZ Invesco 152.4K -316.32K -67.5%
Vicus Capital 432.04K +220.55K +104.3%
First Trust Advisors 1.02M -177.56K -14.9%
Voya Investment Management 201.29K +169.5K +533.3%

Financial report summary

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Management Discussion
  • Item 7.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This report may contain “forward-looking statements” that are subject to risks and uncertainties and include information about possible or assumed future results of operations. Many possible events or factors could affect the future financial results and performance of Commerce Bancshares, Inc. and its subsidiaries (the "Company"). This could cause results or performance to differ materially from those expressed in the forward-looking statements. Words such as “expects”, “anticipates”, “believes”, “estimates”, variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed throughout this report. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made or to reflect the occurrence of unanticipated events. Such possible events or factors include the risk factors identified in Item 1a Risk Factors and the following: changes in economic conditions in the Company’s market area; changes in policies by regulatory agencies, governmental legislation and regulation; fluctuations in interest rates; changes in liquidity requirements; demand for loans in the Company’s market area; changes in accounting and tax principles; estimates made on income taxes; failure of litigation settlement agreements to become final in accordance with their terms; and competition with other entities that offer financial services.
  • The Company operates as a super-community bank and offers a broad range of financial products to consumer and commercial customers, delivered with a focus on high-quality, personalized service. The Company is headquartered in Missouri, with its principal offices in Kansas City and St. Louis, Missouri. Customers are served from 306 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado and commercial offices throughout the nation's midsection. A variety of delivery platforms are utilized, including an extensive network of branches and ATM machines, full-featured online banking, a mobile application, and a centralized contact center.
Content analysis
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Positive
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