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Commerce Bancshares (CBSH)

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
NASDAQ
Website
www.commercebank.com
CEO
John W. Kemper
Employees
Incorporated
Missouri
Location
Missouri
Fiscal year end
Dec 31
Sector
Finance and Insurance > Commercial Banking
Industry (SIC)
State Commercial Banks
Bank Of New York Mellon • State Street • Ally Financial • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc ...
SEC CIK
0000022356
Corporate docs
Subsidiaries
CBI-Kansas, Inc. • Commerce Brokerage Services, Inc. • Clayton Holdings, LLC • Clayton Financial Corp. • Clayton Realty Corp. • Illinois Financial, LLC • Illinois Realty, LLC • Commerce Insurance Services, Inc. • Commerce Investment Advisors, Inc. • CBI Equipment Finance, Inc. ...
IRS number
430889454

CBSH stock data

News

From Benzinga Pro
Recap: Commerce Bancshares Q1 Earnings
19 Apr 22
Commerce Bancshares (NASDAQ:CBSH) reported its Q1 earnings results on Tuesday, April 19, 2022 at 06:00 AM. Here's what investors need to know about the announcement.
Commerce Bancshares Q1 EPS $0.97 Beats $0.88 Estimate
19 Apr 22
Commerce Bancshares (NASDAQ:CBSH) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.88 by 10.23 percent. This is a 12.61 percent decrease over earnings of $1.11 per share from
Earnings Scheduled For April 19, 2022
19 Apr 22
Companies Reporting Before The Bell • Silvergate Capital (NYSE:SI) is likely to report quarterly earnings at $0.44 per share on revenue of $55.27 million.
Preview: Commerce Bancshares's Earnings
18 Apr 22

Press releases

From Benzinga Pro
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
20 Apr 22
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock. The dividend is payable on June 22, 2022 to
Commerce Bancshares, Inc. 2022 Annual Meeting of Shareholders: Virtual Meeting Only Format
19 Apr 22
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced that, due to continuing public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of Commerce's directors, officers, employees
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.97
19 Apr 22
Commerce Bancshares, Inc. announced earnings of $.97 per share for the three months ended March 31, 2022, compared to $1.06 per share in the same quarter last year and $.94 per share in the fourth quarter of 2021. Net

Calendar

5 May 22
26 Jun 22
31 Dec 22

Financial summary

Financial statements Chart CBSH financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.61B 1.61B 1.61B 1.61B 1.61B 1.61B
Cash burn (monthly) 897.12M 64.6M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.57B 185.37M n/a n/a n/a n/a
Cash remaining -968.6M 1.42B n/a n/a n/a n/a
Runway (months of cash) -1.1 22.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

CBSH insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jun 22 Barth Kevin G Common Stock Grant Acquire A Yes No 65.109 75 4.88K 18,500
22 Jun 22 Kemper Jonathan M Common Stock Grant Acquire A Yes No 65.109 689 44.86K 169,549
22 Jun 22 Thomas J Noack Common Stock Grant Acquire A Yes No 65.109 38 2.47K 9,299
10 Jun 22 Blackford F Brauer Common Stock Buy Acquire P No No 65.8544 5,000 329.27K 11,027
31 May 22 John R Capps Common Stock Grant Acquire A No No 69.18 14 968.52 13,227
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CBSH institutional ownership history Ownership history
68.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 371 387 -4.1%
Opened positions 36 48 -25.0%
Closed positions 52 42 +23.8%
Increased positions 132 265 -50.2%
Reduced positions 126 68 +85.3%
13F shares Current Prev Q Change
Total value 6B 6.33B -5.2%
Total shares 82.43M 82.15M +0.3%
Total puts 0 23.2K EXIT
Total calls 8.22K 0 NEW
Total put/call ratio – Infinity –
Largest owners Shares Value Change
Vanguard 11.15M $798.06M -0.3%
BLK Blackrock 10.11M $724.1M -0.6%
Aristotle Capital Management 9.74M $697.21M -0.7%
Commerce Bank 6.89M $493.09M -0.6%
STT State Street 6.66M $476.55M +8.9%
Lazard Asset Management 5.3M $379.74M +2.1%
WFC Wells Fargo & Co. 2.15M $153.85M +4.2%
Geode Capital Management 1.63M $116.69M +3.1%
Eaton Vance Management 1.39M $99.2M +15.0%
JPM JPMorgan Chase & Co. 1.29M $92.7M -18.4%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -917.2K EXIT
STT State Street 6.66M +544.29K +8.9%
JPM JPMorgan Chase & Co. 1.29M -292.25K -18.4%
Citadel Advisors 333.36K +234.66K +237.8%
Gillson Capital 225.35K +225.35K NEW
Balyasny Asset Management 244.41K +219.21K +869.8%
LMR Partners 205.28K +205.28K NEW
Eaton Vance Management 1.39M +181.15K +15.0%
UBS UBS Group AG - Registered Shares 154.3K -165.32K -51.7%
New York State Teachers Retirement System 157.23K +157.23K NEW
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • Item 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: aware, ceased, cessation, chain, code, Committee, counsel, courier, enhance, ensure, excellent, fallback, geopolitical, housing, installation, installing, introduce, invasion, language, led, momentum, MSR, OCI, postponed, prioritized, proposed, Russia, satisfy, sound, Steering, successful, sunset, supply, team, testing, true, Ukraine, unusually, Vintage, working
Removed: absence, add, Administration, applicable, ascertainable, calculating, call, callable, captured, clarify, Codification, costing, depositary, eligible, eliminate, enterprise, extension, extreme, fractional, frequently, half, holding, impacted, improve, induced, institutional, intraperiod, lender, Nonrefundable, November, October, overdraft, participating, Perpetual, principle, redeemed, redemption, Refer, release, representing, requirement, round, SBA, September, simplify, Simplifying, sponsored, suspend, suspension, terminated, unprecedented, vaccine
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
5 May 22
10-K
2021 FY
Annual report
23 Feb 22
10-Q
2021 Q3
Quarterly report
5 Nov 21
10-Q
2021 Q2
Quarterly report
5 Aug 21
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
24 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
25 Feb 20
Current reports
View all
8-K
Departure of Directors or Certain Officers
17 May 22
8-K
Departure of Directors or Certain Officers
25 Apr 22
8-K
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.97
19 Apr 22
8-K
Well-Positioned and Playing Offense COMMERCE BANCSHARES, INC. INVESTOR UPDATE 4th Quarter 2021
13 Feb 22
8-K
Departure of Directors or Certain Officers
7 Feb 22
8-K
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.94
19 Jan 22
8-K
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.05
19 Oct 21
8-K
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.38
22 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
27 Apr 21
8-K
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $1.11
15 Apr 21
Registration and prospectus
View all
S-8
Registration of securities for employees
8 Feb 22
25-NSE
Exchange delisting
31 Aug 20
S-8
Registration of securities for employees
7 Nov 16
424B5
Prospectus supplement for primary offering
15 Jun 14
8-A12B
Registration of securities on exchange
15 Jun 14
424B5
Prospectus supplement for primary offering
11 Jun 14
FWP
Free writing prospectus
11 Jun 14
S-3ASR
Automatic shelf registration
11 Jun 14
424B3
Prospectus supplement
30 Jul 13
S-4/A
Registration of securities issued in business combination transactions (amended)
24 Jul 13
Proxies
View all
DEFA14A
Additional proxy soliciting materials
11 Mar 22
DEF 14A
Definitive proxy
11 Mar 22
DEFA14A
Additional proxy soliciting materials
12 Mar 21
DEF 14A
Definitive proxy
12 Mar 21
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEFA14A
Additional proxy soliciting materials
6 Mar 20
DEF 14A
Definitive proxy
6 Mar 20
DEFA14A
Additional proxy soliciting materials
8 Mar 19
DEF 14A
Definitive proxy
8 Mar 19
PRE 14A
Preliminary proxy
21 Feb 19
Other
View all
CORRESP
Correspondence with SEC
29 Jul 13
CORRESP
Correspondence with SEC
29 Jul 13
EFFECT
Notice of effectiveness
29 Jul 13
CORRESP
Correspondence with SEC
24 Jul 13
UPLOAD
Letter from SEC
21 Jul 13
CORRESP
Correspondence with SEC
11 Jul 13
UPLOAD
Letter from SEC
7 Jul 13
UPLOAD
Letter from SEC
8 Oct 12
CORRESP
Correspondence with SEC
4 Sep 12
UPLOAD
Letter from SEC
23 Aug 12
Ownership
View all
4
COMMERCE BANCSHARES / THOMAS J NOACK ownership change
24 Jun 22
4
COMMERCE BANCSHARES / JONATHAN M KEMPER ownership change
24 Jun 22
4
COMMERCE BANCSHARES / DAVID W KEMPER ownership change
24 Jun 22
4
COMMERCE BANCSHARES / KEVIN G BARTH ownership change
24 Jun 22
11-K
Annual report of employee stock purchases
23 Jun 22
4
COMMERCE BANCSHARES / BLACKFORD F BRAUER ownership change
13 Jun 22
4
COMMERCE BANCSHARES / Kimberly G Walker ownership change
2 Jun 22
4
COMMERCE BANCSHARES / Todd R Schnuck ownership change
2 Jun 22
4
COMMERCE BANCSHARES / BENJAMIN F RASSIEUR III ownership change
2 Jun 22
4
COMMERCE BANCSHARES / Karen L Daniel ownership change
2 Jun 22

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