Articles from Commerce Bancshares, Inc.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.275 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 18, 2024. This represents an increase in the quarterly dividend per share of 7% and marks the 57th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 25, 2025 to stockholders of record at the close of business on March 7, 2025.

Commerce Bancshares, Inc. announced earnings of $1.01 per share for the three months ended December 31, 2024, compared to $.79 per share in the same quarter last year and $1.01 per share in the third quarter of 2024. Net income for the fourth quarter of 2024 amounted to $136.1 million, compared to $109.2 million in the fourth quarter of 2023 and $138.0 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on December 17, 2024 to stockholders of record at the close of business on December 3, 2024.

Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended September 30, 2024, compared to $.92 per share in the same quarter last year and $1.07 per share in the second quarter of 2024. Net income for the third quarter of 2024 amounted to $138.0 million, compared to $120.6 million in the third quarter of 2023 and $139.6 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on September 23, 2024 to stockholders of record at the close of business on September 5, 2024.

Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended June 30, 2024, compared to $.97 per share in the same quarter last year and $.86 per share in the first quarter of 2024. Net income for the second quarter of 2024 amounted to $139.6 million, compared to $127.8 million in the second quarter of 2023 and $112.7 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that Visa Inc. has accepted the company’s tender of its 823,447 shares of Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock.

Commerce Bancshares, Inc. (NASDAQCBSH) announced that its Board of Directors approved the repurchase, in combination with the amount remaining from the prior authorization on April 20, 2022, of up to 5,000,000 total shares of the Company’s common stock through its share repurchase program. Repurchases under this program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations. Repurchases, if any, under the program will be made at the sole discretion of management, and the timing and actual number of shares repurchased will depend upon market pricing and conditions, business, legal, accounting and other considerations. The buyback program does not obligate the Company to purchase any particular number of shares and there is no guarantee as to the exact number of shares that will be repurchased by the Company. The program may be suspended, modified or terminated by the Company at any time and for any reason, without prior notice.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 18, 2024 to stockholders of record at the close of business on June 5, 2024.

As publicly announced, the annual meeting will be held on Wednesday, April 17, 2024 at 9:30 a.m. Central Time. Shareholders as of the close of business on the record date of February 20, 2024, and their legal proxies and other interested parties may attend the virtual annual meeting at https://meetnow.global/MJU5XK6.

Commerce Bancshares, Inc. announced earnings of $.86 per share for the three months ended March 31, 2024, compared to $.91 per share in the same quarter last year and $.84 per share in the fourth quarter of 2023. Net income for the first quarter of 2024 amounted to $112.7 million, compared to $119.5 million in the first quarter of 2023 and $109.2 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) 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 payable on March 25, 2024 to stockholders of record at the close of business on March 7, 2024.

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.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock payable December 18, 2023, to stockholders of record at the close of business on December 4, 2023.

Commerce Bancshares, Inc. announced earnings of $.96 per share for the three months ended September 30, 2023, compared to $.97 per share in the same quarter last year and $1.02 per share in the second quarter of 2023. Net income for the third quarter of 2023 amounted to $120.6 million, compared to $122.8 million in the third quarter of 2022 and $127.8 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on September 25, 2023 to stockholders of record at the close of business on September 6, 2023.

Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended June 30, 2023, compared to $.92 per share in the same quarter last year and $.95 per share in the first quarter of 2023. Net income for the second quarter of 2023 amounted to $127.8 million, compared to $115.8 million in the second quarter of 2022 and $119.5 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on June 20, 2023 to stockholders of record at the close of business on June 5, 2023.

As publicly announced, the annual meeting will be held on Wednesday, April 19, 2023 at 9:30 a.m. Central Daylight Time. Shareholders as of the close of business on the record date of February 15, 2023, and their legal proxies and other interested parties may attend the virtual annual meeting at https://meetnow.global/MT2LVNR.

Commerce Bancshares, Inc. (NASDAQCBSH) announced earnings of $.95 per share for the three months ended March 31, 2023, compared to $.92 per share in the same quarter last year and $1.05 per share in the fourth quarter of 2022. Net income for the first quarter of 2023 amounted to $119.5 million, compared to $118.2 million in the first quarter of 2022 and $131.6 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) 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 $0.252 as adjusted for the 5% stock dividend that was paid on December 19, 2022. This represents an increase in the quarterly dividend per share of 7% and marks the 55th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 27, 2023 to stockholders of record at the close of business on March 7, 2023.

Commerce Bancshares, Inc. announced earnings of $1.04 per share for the three months ended December 31, 2022, compared to $.90 per share in the same quarter last year and $.97 per share in the third quarter of 2022. Net income for the fourth quarter of 2022 amounted to $131.6 million, compared to $114.9 million in the fourth quarter of 2021 and $122.8 million in the prior quarter.

Commerce Bank announced it has entered into a definitive agreement to acquire L.J. Hart & Company, a municipal bond underwriter and advisor. Terms of the transaction were not disclosed.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock payable December 16, 2022, to stockholders of record at the close of business on December 2, 2022.

Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended September 30, 2022, compared to $.99 per share in the same quarter last year and $.96 per share in the second quarter of 2022. Net income for the third quarter of 2022 amounted to $122.8 million, compared to $122.6 million in the third quarter of 2021 and $115.8 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) 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 September 22, 2022 to stockholders of record at the close of business on September 7, 2022.

Commerce Bancshares, Inc. announced earnings of $.96 per share for the three months ended June 30, 2022, compared to $1.32 per share in the same quarter last year and $.97 per share in the first quarter of 2022. Net income for the second quarter of 2022 amounted to $115.8 million, compared to $162.3 million in the second quarter of 2021 and $118.2 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) 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 stockholders of record at the close of business on June 7, 2022.

Commerce Bancshares, Inc. (NASDAQCBSH) 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 and shareholders, the Company’s 2022 annual meeting of shareholders will be held in a virtual meeting format only.

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 income for the first quarter of 2022 amounted to $118.2 million, compared to $131.0 million in the first quarter of 2021 and $114.9 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.265 per share on the Company's common stock, which compares to the prior dividend of $0.25 as adjusted for the 5% stock dividend that was paid on December 17, 2021. This represents an increase in the quarterly dividend per share of 6% and marks the 54th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 23, 2022 to stockholders of record at the close of business on March 8, 2022.

Commerce Bancshares, Inc. announced earnings of $.94 per share for the three months ended December 31, 2021, compared to $1.05 per common share in the same quarter last year and $.99 per share in the third quarter of 2021. Net income attributable to Commerce Bancshares, Inc. (net income) for the fourth quarter of 2021 amounted to $114.9 million, compared to $129.9 million in the fourth quarter of 2020 and $122.6 million in the prior quarter.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors approved a 5% common stock dividend payable on December 17, 2021 to shareholders of record at the close of business on December 2, 2021. Statements reflecting the issuance of shares as a result of the stock dividend should be mailed on or about December 17, 2021. No fractional shares will be issued, and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.

Commerce Bancshares, Inc. announced earnings of $1.05 per share for the three months ended September 30, 2021, compared to $1.06 per common share in the same quarter last year and $1.38 per share in the second quarter of 2021. Net income attributable to Commerce Bancshares, Inc. (net income) for the third quarter of 2021 amounted to $122.6 million, compared to $132.4 million in the third quarter of 2020 and $162.3 million in the prior quarter. For the quarter, the return on average assets was 1.40%, the return on average equity was 13.74% and the efficiency ratio was 59.9%.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.2625 per share on the Company's common stock. The dividend is payable on September 23, 2021 to stockholders of record at the close of business on September 7, 2021.

Commerce Bancshares, Inc. announced earnings of $1.38 per share for the three months ended June 30, 2021, compared to $.32 per common share in the same quarter last year and $1.11 per share in the first quarter of 2021. Net income attributable to Commerce Bancshares, Inc. (net income) for the second quarter of 2021 amounted to $162.3 million, compared to $39.9 million in the second quarter of 2020 and $131.0 million in the prior quarter. For the quarter, the return on average assets was 1.93%, the return on average equity was 19.12% and the efficiency ratio was 56.9%.

Commerce Bancshares, Inc. (NASDAQCBSH) announced today that its Board of Directors declared a quarterly dividend of $0.2625 per share on the Company's common stock. The dividend is payable on June 21, 2021 to stockholders of record at the close of business on June 4, 2021.

Commerce Bancshares, Inc. (NASDAQCBSH) 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 and shareholders, the Company’s 2021 annual meeting of shareholders will be held in a virtual meeting format only.

Commerce Bancshares, Inc. announced today that it is deepening its multi-year relationship with SixThirty, a global venture firm that invests in enterprise technology startups. SixThirty targets investments in seed to early growth stage startups. SixThirty’s portfolio and pipeline represent some of the most innovative and promising fintech, insurtech, digital health and cybersecurity ideas from around the world.

Commerce Bancshares, Inc. announced earnings of $1.11 per share for the three months ended March 31, 2021, compared to $.42 per common share in the same quarter last year and $1.11 per common share in the fourth quarter of 2020. Net income attributable to Commerce Bancshares, Inc. (net income) for the first quarter of 2021 amounted to $131.0 million, compared to $51.9 million in the first quarter of 2020 and $129.9 million in the prior quarter. For the quarter, the return on average assets was 1.63%, the return on average equity was 15.69% and the efficiency ratio was 56.4%.