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Commerce Bancshares, Inc.
Type
Public
Traded as NASDAQ: CBSH
S&P 400 Component
Industry Finance
Founded 1865
Headquarters Kansas City, Missouri, USA
Key people
David W Kemper, Chairman, President and CEO
Products Financial services
Net income
$275.4 million (2016-12-31)
Total assets $25.6 billion (2016-12-31)
Number of employees
4,727
Website www.commercebank.com

Commerce Bancshares, Inc. is a Kansas City, Missouri based U.S. bank holding company with branches of its Commerce Bank in Colorado, Kansas, Missouri, Illinois, and Oklahoma.

Commerce Bancshares is the corporate parent of Commerce Bank, the successor of the Commerce Trust Company and the National Bank of Commerce. With roots dating back to its first charter in 1865, Commerce Bank is the oldest and largest bank in Kansas City.

As of December 31, 2010, it was listed as the 48th largest bank holding company in the United States as reported by the Federal Reserve Bank.

This Commerce Bank is not related to other financial institutions named "Commerce Bank" based in Ohio (Commerce National Bank) and Massachusetts (Commerce Bank & Trust Company).

Commerce was founded in 1865 by Francis Reid Long as the Kansas City Savings Association with $10,000 in capital. William Stone Woods acquired it in 1881 and it became the National Bank of Commerce which at the time claimed to be the largest bank west of Chicago, Illinois

It became Commerce Bank in 1903 with William Thornton Kemper, Sr. as its first president. Following the Panic of 1907 it was briefly placed into receivership by the Comptroller of Currency. The bank paid its depositors and ownership returned to its owners.

Kemper set his son James M. Kemper up at Commerce and his other son R. Crosby Kemper at the competing City Center Bank which would become UMB Financial Corporation. The Kemper family from both institutions still play a dominant role at both banks as well as being a major force in Missouri philanthropies with their names applied to numerous buildings throughout the state including Kemper Arena.

Harry S. Truman worked at the bank from April 24, 1903 to May 15, 1905 in the predecessor building to today's Commerce Tower. The evaluation in his first year said:

Truman signed the last steel beam added to the Commerce Tower.

In April 2007, Commerce purchased an Aurora, Colorado based Commerce Bank with plans on expanding its business into the state of Colorado.

For the fifth year in a row, Commerce Bank was ranked among the top ten on Forbes' 2014 list of America's Best Banks.


News

Commerce Bancshares, Inc. 0.62% (financial)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-01-20 Future report Set alerts
Q3 2020 2020-10-14 Future report Set alerts
Q2 2020 2020-07-21 0.34 0.34
Q1 2020 2020-04-28 0.44 0.44
Q4 2019 2020-01-22 0.85 0.93
Q3 2019 2019-10-16 0.93 0.93
Q2 2019 2019-07-16 0.91 0.91
Q1 2019 2019-04-11 0.81 0.81
Q4 2018 2019-01-17 0.91 0.91
Q3 2018 2018-10-11 0.93 0.93

Ratings

2016-07-11 Initiated Coverage Piper Jaffray Cos. Neutral $43.50
2016-07-07 Reiterated Rating Jefferies Group Hold $48.00
2016-05-24 Reiterated Rating Morgan Stanley Hold
2016-05-14 Reiterated Rating Jefferies Group Hold
2016-05-13 Reiterated Rating Bank of America Hold $50.00
2016-05-13 Reiterated Rating Bank of America Corp. Hold $50.00
2016-04-12 Lower Price Target Jefferies Group Hold $46.00 to $44.00
2016-01-21 Lower Price Target Keefe, Bruyette & Woods $41.00 to $40.00
2016-01-13 Reiterated Rating Barclays Equal Weight $47.00 to $45.00
2016-01-13 Reiterated Rating Barclays PLC Equal Weight $47.00 to $45.00
2015-10-29 Boost Price Target Morgan Stanley $43.00 to $44.00
2015-10-16 Reiterated Rating Barclays Hold
2015-10-15 Reiterated Rating Jefferies Group Hold $46.00 to $44.00
2015-10-15 Lower Price Target Keefe, Bruyette & Woods $45.00 to $43.00
2015-10-15 Lower Price Target Barclays Equal Weight $49.00 to $47.00
2015-07-15 Boost Price Target Stephens Equal Weight $41.00 to $47.00
2015-07-15 Boost Price Target Macquarie Neutral $43.00 to $45.00
2015-07-15 Boost Price Target Jefferies Group Hold $44.00 to $46.00
2015-07-15 Reiterated Rating Keefe, Bruyette & Woods Sell $40.00 to $46.00
2015-07-15 Upgrade Raymond James Underperform to Market Perform
2015-07-15 Upgrade Raymond James Financial Inc. Underperform to Market Perform
2015-07-02 Boost Price Target Jefferies Group $43.00 to $44.00
2015-06-16 Boost Price Target Barclays Equal Weight $43.00 to $49.00
2015-06-10 Downgrade DA Davidson Buy to Neutral $48.00
2015-05-26 Boost Price Target Keefe, Bruyette & Woods Market Perform $38.00 to $40.00
2015-04-14 Boost Price Target Keefe, Bruyette & Woods Underperform $37.00 to $38.00
2015-04-14 Boost Price Target Barclays Equal Weight $41.00 to $43.00
2015-02-26 Downgrade Barclays Overweight to Equal Weight $41.00
2015-01-28 Lower Price Target Barclays Overweight $48.00 to $44.00
2015-01-28 Downgrade Keefe, Bruyette & Woods Market Perform to Underperform $42.00 to $37.00
2015-01-13 Lower Price Target Barclays Overweight $51.00 to $48.00
2014-12-15 Reiterated Rating Keefe, Bruyette & Woods Hold $44.00 to $42.00
2014-10-16 Lower Price Target DA Davidson Buy $54.00 to $50.00
2014-10-16 Reiterated Rating Barclays Overweight $53.00 to $51.00
2014-10-16 Reiterated Rating Keefe, Bruyette & Woods Market Perform $45.00 to $44.00
2014-10-07 Downgrade Raymond James Market Perform to Underperform
2014-07-16 Boost Price Target DA Davidson Buy $52.00 to $54.00
2014-07-16 Reiterated Rating Macquarie Neutral $42.00 to $45.00
2014-07-09 Boost Price Target Barclays Overweight $47.00 to $53.00
2014-05-08 Initiated Coverage Drexel Hamilton Buy
2014-04-11 Lower Price Target Macquarie $44.00 to $42.00
2014-04-11 Reiterated Rating Bank of America Neutral $47.00 to $46.00
2014-04-11 Lower Price Target Barclays Overweight $51.00 to $47.00
2014-03-27 Boost Price Target Morgan Stanley $43.00 to $46.00
2014-01-15 Lower Price Target Jefferies Group $47.00 to $45.00
2014-01-09 Upgrade Bank of America Underperform to Neutral $46.00 to $85.00
2014-01-06 Upgrade Morgan Stanley Underweight to Equal Weight $43.00
2013-12-16 Lower Price Target Keefe, Bruyette & Woods $43.00 to $41.00
2013-10-18 Boost Price Target Jefferies Group Hold $44.00 to $45.00
2013-10-16 Boost Price Target Keefe, Bruyette & Woods Market Perform $42.00 to $43.00
2010-02-10 Upgrade UBS Neutral to Buy
2009-04-07 Initiated Sterne Agee Neutral
2009-01-12 Upgrade Barclays Capital Equal Weight to Overweight
2016-07-11 Initiated Coverage Piper Jaffray Cos. Neutral $43.50
2016-07-07 Reiterated Rating Jefferies Group Hold $48.00
2016-05-24 Reiterated Rating Morgan Stanley Hold
2016-05-14 Reiterated Rating Jefferies Group Hold
2016-05-13 Reiterated Rating Bank of America Hold $50.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KEMPER DAVID W Chairman of the Board, CEO 1.37%  (1258088) CBSH / POST /
KEMPER JONATHAN M Vice Chairman 1.12%  (1023454) CBSH /
Kemper John W President and COO 0.15%  (133770) CBSH /
LEADBEATER SETH M Vice Chairman 0.10%  (87819) CBSH /
HEBENSTREIT JAMES B 0.08%  (73244) CBSH /
BARTH KEVIN G Executive Vice President 0.08%  (72196) CBSH /
KIM CHARLES G Exec. Vice Pres. and CFO 0.07%  (67605) CBSH /
STRANGHOENER V RAYMOND Executive Vice President 0.05%  (47112) CBSH /
FOSTER SARA E Executive Vice President 0.05%  (43827) CBSH /
Handy John K Executive Vice President 0.04%  (41217) CBSH /
ABERDEEN JEFFERY D Controller 0.04%  (40192) CBSH /
MEEK TERRY O 0.04%  (38918) CBSH /
RASSIEUR BENJAMIN F III 0.03%  (30438) CBSH /
Callahan Daniel D. Exec Vice President 0.03%  (30218) CBSH /
BURIK JEFFREY M. Senior Vice President 0.03%  (29444) CBSH /
Holmes Robert S Executive Vice President 0.03%  (25596) CBSH /
GRANT W THOMAS II 0.03%  (25444) CBSH /
TAYLOR ANDREW C 0.02%  (18832) CBSH /
Petersen Paula S Senior Vice President 0.02%  (18536) CBSH /
RAUSCHER ROBERT Senior Vice President 0.02%  (17183) CBSH /
CAPPS JOHN R 0.02%  (15021) CBSH /
Walker Kimberly G 0.02%  (14011) CBSH /
DEVANNY EARL H III 0.01%  (11681) CBSH / NUAN /
Roller David L. Senior Vice President 0.01%  (11022) CBSH /
Schnuck Todd R 0.01%  (10357) CBSH /
PETRIE MICHAEL J Senior Vice President 0.01%  (8589) CBSH /
BASSHAM TERRY D 0.01%  (6936) CBSH / GXP /
Kellerhals Patricia R Senior Vice President 0.01%  (5195) CBSH /

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