Commerce Bancshares, Inc (CBSH) is well-placed for revenue growth on the back of steady loan demand and strong fee income. Higher interest rates and a strong balance sheet position will continue to support its financials. However, elevated expenses and weak asset quality pose major near-term concerns.Commerce Bancshares is expanding organically. The company’s revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 3.5% despite recording a decline in 2020. The upside was primarily dr ...

8 Item 1a. RISK FACTORS Table of Contents Net interest income totaled $998.1 million in 2023, increasing $55.9 million, or 5.9%, compared to $942.2 million in 2022. On a fully taxable-equivalent (FTE) basis, net interest income totaled $1.0 billion, and increased $54.9 million over 2022. This growth was mainly due to increases of $339.4 million in interest earned on loans and $88.2 million in interest earned on balances at the Federal Reserve, both mainly due to higher average rates earned. These increases ...

Series A lead investor, SixThirty names Commerce Bank CFO Chuck Kim to their PayGround board seat GILBERT, Ariz., Feb. 6, 2024 /PRNewswire/ -- PayGround, a healthcare fintech payments platform, today announced the addition of Chuck Kim, Executive Vice President and Chief Financial Officer of Commerce Bancshares, Inc., to its Board of Directors. Commerce Bank enjoys a leadership position in healthcare banking, payments and financial solutions. PayGround's Series A lead investor, SixThirty, appointed Kim to a ...

KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock, which compares to the prior dividend of $0.257 as adjusted for the 5% stock dividend that was paid on December 19, 2023. This represents an increase in the quarterly dividend per share of 5% and marks the 56th consecutive year that the Company has increased its regular cash dividend per share. The dividend is p ...

One stock that might be an intriguing choice for investors right now is Commerce Bancshares, Inc. (CBSH) . This is because this security in the Banks - Midwest space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the B ...

Shares of Commerce Bancshares Inc. (CBSH) gained 2.1% following the release of its fourth-quarter and 2023 results. Quarterly earnings per share of 84 cents surpassed the Zacks Consensus Estimate of 82 cents. However, the bottom line decreased 16% from the prior-year quarter.Results benefited from a rise in non-interest income and lower provisions. Also, the company recorded a sequential improvement in loan balances in the quarter. However, a decline in net interest income (NII) and higher expenses were the ...

KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $.84 per share for the three months ended December 31, 2023, compared to $1.00 per share in the same quarter last year and $.92 per share in the third quarter of 2023. Net income for the fourth quarter of 2023 amounted to $109.2 million, compared to $131.6 million in the fourth quarter of 2022 and $120.6 million in the prior quarter. “We are pleased with our fourth quarter results," said John Kemper, President and Chief Ex ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------|-------|---------------|-----------------------|------------------|-------------|---------------------------------|-------------|-------------|------------------------------------------|------------| | (In thousands) | | 2022 | Term Loans \n2021 | Amortized \n2020 | Cost | Basis by Origination \n2019 | Year \n2018 | Prior | Revolving \nLoans Amortized Cost Basis | Total | | | | | | | | | | | | | | December ...

4. Goodwill and Other Intangible Assets 5. Guarantees All benefits accrued under the Company's defined benefit pension plan have been frozen since January 1, 2011. During the first six months of 2023, the Company made no funding contributions to its defined benefit pension plan and made minimal funding contributions to a supplemental executive retirement plan (the CERP), which carries no segregated assets. | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------- ...

| --- | --- | --- | --- | --- | --- | --- | |-------------------------------------|-------|----------------|------------|------------|-----------|------------| | | | | | | | | | December 31, 2022 | | | | | | | | Commercial: | | | | | | | | Business | $ | 5,652,710 $ | 1,759 $ | 505 $ | 6,751 $ | 5,661,725 | | Real estate – construction and land | | 1,361,095 | — | — | — | 1,361,095 | | Real estate – business | | 3,406,207 | 585 | — | 189 | 3,406,981 | | Personal Banking: | | | | | | | | Real estate – person ...