Trade Commerce Bancshares Inc/MO - CBSH CFD

Commerce Bancshares Company profile

About Commerce Bancshares, Inc.

Commerce Bancshares, Inc. is the bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth. The Consumer segment consists of various consumer loan and deposit products offered through its retail branch network of approximately 160 locations. This segment also includes indirect and other consumer loan financing businesses, along with debit and credit card loan and fee businesses. The Commercial segment provides corporate lending, leasing, and international services, along with business and governmental deposit products and commercial cash management services. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment management, and brokerage services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Commerce Bancshares, Inc. interest income decreased 3% to $848.3M. Net interest income after loan loss provision increased 9% to $901.8M. Net income applicable to common stockholders increased 55% to $525.9M. Net interest income after loan loss provision reflects Commercial segment increase of 12% to $458.5M. Net income benefited from Trust fees increase of 17% to $188.2M (income).

Equity composition

Common Stock $5 Par, 100M auth., 03/11, 88,927,364 issd., less 17,951 shs. in Treas. @ $4.51 Insiders own 4.57%. 11/08, 5% stock dividend. 11/09, 5% stock dividend. 12/10, 5% stock dividend. 11/11, 5% Stock dividend. 11/12, 5% Stock dividend. 11/13, 5% Stock dividend.11/14, 5 % Stock dividend. 11/15 , 1-for-10 reverse stock split.