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
Website
CEO
John W. Kemper
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
430889454
CBSH stock data
()
News
Stocks That Hit 52-Week Highs On Thursday
25 Feb 21
Stocks That Hit 52-Week Highs On Wednesday
24 Feb 21
Morgan Stanley Maintains Underweight on Commerce Bancshares, Raises Price Target to $64
24 Feb 21
Morgan Stanley Maintains Underweight on Commerce Bancshares, Raises Price Target to $61
27 Jan 21
Recap: Commerce Bancshares Q4 Earnings
20 Jan 21
Calendar
24 Feb 21
2 Mar 21
31 Dec 21
Financial summary
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Financial data from company earnings reports.
Recent insider trades
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 |
Institutional ownership Q4 2020
69.4% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 372 |
Opened positions | 50 |
Closed positions | 31 |
Increased positions | 249 |
Reduced positions | 65 |
13F shares |
Current |
---|---|
Total value | 5.68B |
Total shares | 77.39M |
Total puts | 17K |
Total calls | 59.51K |
Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 10.43M | $684.94M |
BLK Blackrock | 9.4M | $617.63M |
Aristotle Capital Management | 7.96M | $523.24M |
Commerce Bank | 6.82M | $448.39M |
STT State Street | 5.17M | $339.85M |
Lazard Asset Management | 4.8M | $315.48M |
American Century Companies | 3.05M | $200.49M |
JPM JPMorgan Chase & Co. | 1.97M | $129.11M |
WFC Wells Fargo & Co. | 1.83M | $120.05M |
BK Bank Of New York Mellon | 1.43M | $94.16M |
Financial report summary
?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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H.S. freshman Bad
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New words:
ACL, adapt, Aid, aided, anchor, Aspiring, authoritative, belonging, blue, career, chosen, Clayton, communicable, conceptual, confirmed, consulting, covenant, CPI, CREPI, customary, cycle, Dec, deepen, deferral, DEI, delay, delayed, Derrick, destabilized, disaster, disease, distancing, dramatically, EAP, easement, elevating, emotional, empowering, entertainment, essential, facility, Ferry, focused, focusing, forgiven, formalized, fractional, garden, GCR, GDP, hotel, HPI, indefinite, infection, inspecting, Korn, lagging, launched, learn, led, lender, LGBTQIA, listen, listening, lock, longstanding, lookback, median, mentoring, monetized, multicultural, NaN, navigate, Nonrefundable, occupy, onsite, Orf, outbreak, pandemic, paycheck, payoff, peer, pool, postage, PPP, PRIDE, reaction, recession, recessionary, remodeling, repair, Resource, retention, robust, role, sense, shadowing, sharp, shrinking, skip, specialty, speed, stronger, sudden, suddenly, suitable, superseded, survey, suspend, suspension, talent, talented, talk, tenant, terrace, unconditionally, VIBE, watchlist, women, workforce, young
Removed:
amortize, Callahan, characterize, charitable, comparability, curtailed, Daniel, declare, disclosing, donation, failed, gauge, improving, junior, leaseback, MINE, mitigating, Postretirement, professional, rank, reclassification, recur, rest, revalued, rollforward, salary, shorten, site, slightly, stranded, targeted, unamortized, undisbursed, unforeseen, UNRESOLVED, Web
Financial reports
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
10-Q
2019 Q3
Quarterly report
4 Nov 19
10-Q
2019 Q2
Quarterly report
5 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
5 Nov 18
Current reports
8-K
COMMERCE BANCSHARES, INC. INVESTOR UPDATE 4th Quarter 2020 Embracing a Growth Mindset
9 Feb 21
8-K
Departure of Directors or Certain Officers
8 Feb 21
8-K/A
Results of Operations and Financial Condition
22 Jan 21
8-K
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $1.11
20 Jan 21
8-K
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.11
20 Oct 20
8-K
Amendments to Articles of Incorporation or Bylaws
2 Sep 20
8-K
Commerce Bancshares Issues Notice of Redemption of Series B Preferred Shares
31 Jul 20
8-K/A
Results of Operations and Financial Condition
31 Jul 20
8-K
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $.34
21 Jul 20
8-K
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.44
28 Apr 20
Registration and prospectus
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
S-4
Registration of securities issued in business combination transactions
20 Jun 13
Proxies
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
DEF 14A
Definitive proxy
8 Mar 18
DEFA14A
Additional proxy soliciting materials
8 Mar 18
DEF 14A
Definitive proxy
8 Mar 17
DEF 14A
Definitive proxy
15 Mar 16
Other
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
4
COMMERCE BANCSHARES / Douglas D Neff ownership change
1 Mar 21
4
COMMERCE BANCSHARES / JONATHAN M KEMPER ownership change
26 Feb 21
4
COMMERCE BANCSHARES / David L Orf ownership change
22 Feb 21
4
COMMERCE BANCSHARES / John K Handy ownership change
17 Feb 21
4
COMMERCE BANCSHARES / Robert S Holmes ownership change
16 Feb 21
4
COMMERCE BANCSHARES / DAVID W KEMPER ownership change
12 Feb 21
SC 13G/A
COMMERCE BANCSHARES / STATE STREET ownership change
12 Feb 21
4
COMMERCE BANCSHARES / David L Orf ownership change
10 Feb 21
4
COMMERCE BANCSHARES / KEVIN G BARTH ownership change
10 Feb 21
4
COMMERCE BANCSHARES / DAVID W KEMPER ownership change
10 Feb 21