Last $45.84 USD
Change Today +0.18 / 0.39%
Volume 314.9K
CBSH On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

commerce bancshares inc (CBSH) Snapshot

Open
$45.49
Previous Close
$45.66
Day High
$45.93
Day Low
$45.16
52 Week High
07/1/14 - $47.65
52 Week Low
09/4/13 - $40.04
Market Cap
4.2B
Average Volume 10 Days
470.3K
EPS TTM
$2.77
Shares Outstanding
91.6M
EX-Date
09/3/14
P/E TM
16.5x
Dividend
$0.90
Dividend Yield
1.92%
Current Stock Chart for COMMERCE BANCSHARES INC (CBSH)

commerce bancshares inc (CBSH) Related Businessweek News

View More BusinessWeek News

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.

4,733 Employees
Last Reported Date: 07/15/14
Founded in 1865

commerce bancshares inc (CBSH) Top Compensated Officers

Chairman, Chief Executive Officer, Chief Exec...
Total Annual Compensation: $896.1K
President, Chief Operating Officer and Presid...
Total Annual Compensation: $386.3K
Chief Financial Officer
Total Annual Compensation: $415.1K
Vice Chairman, Chairman of Commerce Bank - St...
Total Annual Compensation: $367.6K
Executive Vice President of Commercial Line o...
Total Annual Compensation: $408.7K
Compensation as of Fiscal Year 2013.

commerce bancshares inc (CBSH) Key Developments

Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock, Payable on September 25, 2014 and Payable on September 2, 2014, Respectively

Commerce Bancshares, Inc. announced that its Board of Directors declared a quarterly dividend of $0.225 per share on the company's common stock payable on September 25, 2014, to stockholders of record at the close of business on September 5, 2014. Also the Board of Directors approved a dividend of $0.30 per depositary share on the company's Series B non-cumulative perpetual preferred stock, payable on September 2, 2014, to stockholders of record at the close of business on August 15, 2014.

Commerce Bancshares, Inc.(NasdaqGS:CBSH.P) added to S&P Preferred Stock Index

Commerce Bancshares, Inc.(NasdaqGS:CBSH.P) added to S&P Preferred Stock Index

Commerce Bancshares, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended 30 June, 2014; Records Net Loan Charge Off for the Second Quarter of 2014

Commerce Bancshares, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $160.493 million against $159.458 million a year ago. Net interest income after provision for loan losses was $152.938 million against $152.079 million a year ago. Income before income taxes was $26.212 million against $96.221 million a year ago. Net income attributable to the company was $66.531 million or $0.70 per basic and diluted share against $65.805 million or $1.37 per diluted share a year ago. For the current quarter, the return on average assets totaled 1.18%, the return on average equity was 11.69% compared to the return on average assets totaled 1.20%, the return on average equity was 12.07%. The increase in net interest income (tax equivalent) in the second quarter of 2014 compared to the previous quarter was due mainly to an increase in inflation income of $5.7 million on the company's inflation-protected securities as a result of a higher Consumer Price Index published this quarter. The increase in non-interest income over the same period last year was mainly due to growth in bank card and trust fees. For the six months, the company reported net interest income of $313.559 million against $309.801 million a year ago. Net interest income after provision for loan losses was $296.344 million against $299.137 million a year ago. Income before income taxes was $189.942 million against $185.954 million a year ago. Net income attributable to the company was $130.844 million or $1.37 per basic and diluted share against $126.822 million or $1.32 per diluted share a year ago. The return on average assets for the first six months of 2014 was 1.17% and the return on average equity was 11.62% compared to the return on average assets totaled 1.17%, the return on average equity was 11.73%. At the period ended June 30, 2014 book value per share based on total equity was $24.69 against $22.13 a year ago. The company recorded net loan charge off for the second quarter of 2014. Net loan charge-offs for the current quarter totaled $7.6 million, compared to $9.7 million in the previous quarter and $9.4 million in the second quarter of 2013. The decrease in net loan charge-offs compared to the previous quarter is mainly due to an increase in net recoveries on commercial-related loans of $936,000 coupled with lower consumer net loan charge-offs.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CBSH:US $45.84 USD +0.18

CBSH Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cullen/Frost Bankers Inc $79.09 USD +0.42
East West Bancorp Inc $35.16 USD -0.14
EverBank Financial Corp $19.43 USD -0.22
People's United Financial Inc $14.98 USD +0.05
Umpqua Holdings Corp $17.27 USD +0.18
View Industry Companies
 

Industry Analysis

CBSH

Industry Average

Valuation CBSH Industry Range
Price/Earnings 16.6x
Price/Sales 4.2x
Price/Book 2.0x
Price/Cash Flow 15.8x
TEV/Sales 1.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact COMMERCE BANCSHARES INC, please visit www.commercebank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.