Commerce Bancshares Inc (NASDAQ: CBSH) |
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Price: $68.3600
$0.91
1.349%
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Day's High:
| $68.4
| Week Perf:
| 2.34 %
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Day's Low: |
$ 67.09 |
30 Day Perf: |
9.92 % |
Volume (M): |
432 |
52 Wk High: |
$ 76.39 |
Volume (M$): |
$ 29,525 |
52 Wk Avg: |
$59.37 |
Open: |
$67.73 |
52 Wk Low: |
$49.44 |
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Market Capitalization (Millions $) |
8,817 |
Shares
Outstanding (Millions) |
129 |
Employees |
4,592 |
Revenues (TTM) (Millions $) |
1,602 |
Net Income (TTM) (Millions $) |
509 |
Cash Flow (TTM) (Millions $) |
942 |
Capital Exp. (TTM) (Millions $) |
48 |
Commerce Bancshares Inc
Commerce Bancshares, Inc., a bank holding company as defined in the Bank Holding
Company Act of 1956, as amended, was incorporated under the laws of Missouri
on August 4, 1966. Through a second tier wholly-owned bank holding company,
it owns all of the outstanding capital stock of Commerce Bank (the “Bank”),
which is headquartered in Missouri. The Bank engages in general banking business,
providing a broad range of retail, corporate, investment, trust, and asset management
products and services to individuals and businesses. Commerce Bancshares, Inc.
also owns, directly or through the Bank, various non-banking subsidiaries. Their
activities include private equity investment, securities brokerage, insurance
agency, mortgage banking, and leasing activities.
The Company’s goal is to be the preferred provider of targeted financial
services in its communities, based on strong customer relationships. It believes
in building long-term relationships based on top quality service, a strong risk
management culture, and a strong balance sheet with industry-leading capital
levels. The Company operates under a super-community banking format which incorporates
large bank product offerings coupled with deep local market knowledge, augmented
by experienced, centralized support in select critical areas. The Company’s
focus on local markets is supported by an experienced team of managers assigned
to each market and is also reflected in its financial centers and regional advisory
boards, which are comprised of local business persons, professionals and other
community representatives, who assist the Company in responding to local banking
needs. In addition to this local market, community-based focus, the Company
offers sophisticated financial products available at much larger financial institutions.
The markets the Bank serves, being located in the lower Midwest, provide natural
sites for production and distribution facilities and also serve as transportation
hubs. The economy has been well-diversified in these markets with many major
industries represented, including telecommunications, automobile, technology,
financial services, aircraft and general manufacturing, health care, numerous
service industries, and food and agricultural production. The real estate lending
operations of the Bank are centered in its lower Midwestern markets. Historically,
these markets have tended to be less volatile than in other parts of the country.
Management believes the diversity and nature of the Bank’s markets has
a mitigating effect on real estate loan losses in these markets.
From time to time, the Company evaluates the potential acquisition of various
financial institutions. In addition, the Company regularly considers the potential
disposition of certain assets and branches. The Company seeks merger or acquisition
partners that are culturally similar, have experienced management and either
possess significant market presence or have potential for improved profitability
through financial management, economies of scale and expanded services.
Company Address: 1000 Walnut Kansas City, 64106 MO
Company Phone Number: 234-2000 Stock Exchange / Ticker: NASDAQ CBSH
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Customers Net Income grew by |
CBSH's Customers Net Profit Margin grew to |
15.15 % |
6.94 %
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Stock Performances by Major Competitors |
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Commerce Bancshares Inc
Commerce Bancshares Inc: A Positive Outlook Amidst Strong Performance
In recent months, Commerce Bancshares Inc (NASDAQ: CBSH) has emerged as a standout performer in the regional banking sector. With an impressive 18.11% increase in its stock over the past three months and a remarkable 52.14% rise over the past year, the company has reached its 52-week high. These numbers indicate not only strong market confidence but also substantial underlying financial performance. Dividend Declaration Reflects Confidence Commerce Bancshares recently announced a quarterly dividend of $0.27 per share, highlighting its commitment to shareholder value. This payout will be distributed to stockholders on September 23, 2024, for those on record as of September 5, 2024. As one of the banking sector's proactive players, this dividend underscores the company's financial stability bolstered by its substantial $30.6 billion in assets. Such proactive measures are often indicative of a company's confidence in sustained profitability and growth. Financial Performance Overview The financial results for the second quarter of 2024 demonstrate strong revenue growth, with an increase of 4.7% to $409.03 million compared to $390.67 million from the previous year. Likewise, earnings per share (EPS) rose by 4.9% to $1.07, up from $1.02 from the same reporting period last year. This steady growth in revenue and EPS, albeit trailing the average 11.13% growth reported by its regional banking peers, still reflects a solid operational performance.
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Dividend
Published Mon, Jul 29 2024 6:06 AM UTC
KANSAS CITY, Mo. - Commerce Bancshares, Inc. (NASDAQ: CBSH), a regional bank holding company, has recently declared a quarterly dividend of $0.27 per share on its common stock. With a rich history of providing excellent banking services, Commerce Bancshares continues to prioritize its shareholders by increasing its dividend payouts. This announcement reaffirms CBSH...
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Dividend
Published Sun, Jul 28 2024 5:18 AM UTC
Commerce Bancshares, Inc. Continues to Drive Shareholder Value through Dividend Declarations Commerce Bancshares, Inc. has recently announced a quarterly cash dividend on its common stock, demonstrating the company s commitment to providing returns to its loyal shareholders. The $0.27 per share dividend is set to be paid on September 23, 2024, to stockholders of record a...
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Dividend
Published Sat, Jul 27 2024 6:46 AM UTC
Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock: A Reflection of Strong Performance and Commitment to Shareholders In a recent press release, Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that its Board of Directors has declared a quarterly dividend of $0.27 per share on the Company s common stock. This dividend is payable on September 23, 2024, to ...
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Dividend
Published Fri, Jul 26 2024 6:57 PM UTC
Kansas City-based Commerce Bancshares, Inc. (NASDAQ: CBSH) recently declared the payment of a quarterly dividend of $0.27 per share on its common stock. With a robust asset base of $30.6 billion, Commerce Bancshares is a prominent regional bank holding company offering a comprehensive range of banking services through its subsidiaries. This announcement highlights ...
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Per Share |
Current |
Earnings (TTM) |
3.71 $ |
Revenues (TTM) |
12.42 $
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Cash Flow (TTM) |
7.3 $ |
Cash |
75.02 $
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Book Value |
26.78 $
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Dividend (TTM) |
1.11 $ |
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Per Share |
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Earnings (TTM) |
3.71 $
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Revenues (TTM) |
12.42 $ |
Cash Flow (TTM) |
7.3 $ |
Cash |
75.02 $
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Book Value |
26.78 $ |
Dividend (TTM) |
1.11 $ |
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