Earnings summaries and quarterly performance for COMMERCE BANCSHARES INC /MO/.
Executive leadership at COMMERCE BANCSHARES INC /MO/.
John Kemper
Detailed
President and Chief Executive Officer
CEO
CK
Charles Kim
Detailed
Executive Vice President and Chief Financial Officer
DK
David Kemper
Detailed
Executive Chairman
JH
John Handy
Detailed
Executive Vice President
KB
Kevin Barth
Detailed
Executive Vice President
RH
Robert Holmes
Detailed
Executive Vice President
Board of directors at COMMERCE BANCSHARES INC /MO/.
BR
Benjamin Rassieur III
Detailed
Director
BB
Blackford Brauer
Detailed
Director
CT
Chrissy Taylor
Detailed
Director
JK
Jonathan Kemper
Detailed
Director
JM
June McAllister Fowler
Detailed
Director
KD
Karen Daniel
Detailed
Director
KC
Kyle Chapman
Detailed
Director
TB
Terry Bassham
Detailed
Director
TD
Timothy Dunn
Detailed
Director
TS
Todd Schnuck
Detailed
Director
Research analysts covering COMMERCE BANCSHARES INC /MO/.
Recent press releases and 8-K filings for CBSH.
Commerce Bancshares Reports Q4 2025 Earnings and FineMark Acquisition Close
CBSH
Earnings
M&A
Share Buyback
- Commerce Bancshares, Inc. reported earnings per share of $1.01 for the fourth quarter of 2025 and $4.04 for the full year 2025, with net income of $140.7 million for the quarter.
- The company achieved record revenues in Q4 2025, with total revenue reaching $449.360 million.
- The FineMark acquisition closed on January 1, 2026, adding $2.7 billion in loans, $3.1 billion in deposits, and $8.7 billion in wealth assets under administration as of December 31, 2025.
- Commerce repurchased 2.2 million common shares in Q4 2025 and reported a 17% increase in book value per share to $27.75.
- Credit quality remained excellent, with non-accrual loans at .09% of total loans at December 31, 2025.
Jan 22, 2026, 2:15 PM
CBSH Reports Q4 2025 Earnings and Finemark Acquisition Completion
CBSH
Earnings
M&A
Share Buyback
- CBSH reported Q4 2025 earnings of $1.01 per share and net income of $141 million, reflecting a 5% and 3% increase respectively over the prior year's quarter.
- The company demonstrated strong profitability with a Return on Average Assets (ROAA) of 1.73% and Return on Average Equity (ROAE) of 14.70%.
- Period-end loans increased by 3.2% and quarterly average deposit balances increased by 3% compared to the same quarter last year.
- CBSH maintained a robust capital position with a Tier 1 Common Risk-Based Capital Ratio of 17.46% as of September 30, 2025, which is the 2nd highest among the top 50 U.S. banks based on asset size.
- The Finemark acquisition merger was completed on January 1, 2026, with an approximate value of $529 million, funded entirely by stock.
Jan 22, 2026, 11:00 AM
Commerce Bancshares Completes FineMark Holdings Acquisition
CBSH
M&A
New Projects/Investments
- Commerce Bancshares, Inc. (CBSH) has completed its previously announced acquisition of FineMark Holdings, Inc.
- Following the merger, Commerce now holds approximately $36 billion of assets and $90 billion of assets under administration, positioning it as the 15th largest bank-managed trust company based on assets under management (pro forma as of September 30, 2025).
- This acquisition expands Commerce's private banking and wealth management business, building on its existing presence in Florida and adding new locations in Arizona and South Carolina.
- FineMark National Bank & Trust will operate as FineMark Bank & Trust, a division of Commerce Bank, with the conversion of operational systems planned for the second half of 2026.
Jan 1, 2026, 12:00 PM
Commerce Bancshares Adjusts Exchange Ratio for FineMark Acquisition
CBSH
M&A
Dividends
- Commerce Bancshares, Inc. (CBSH) announced an adjustment to the exchange ratio for its pending acquisition of FineMark Holdings, Inc..
- The exchange ratio has been adjusted from 0.690 shares to 0.7245 shares of Commerce stock for each share of FineMark stock.
- This adjustment reflects a 5% stock dividend declared by Commerce on October 31, 2025, payable on December 16, 2025, to shareholders of record as of December 2, 2025.
- The merger is not expected to occur until January 1, 2026.
- As of September 30, 2025, Commerce Bancshares, Inc. reported $32.3 billion in assets.
Dec 3, 2025, 9:45 PM
Commerce Bancshares, Inc. Announces Share Repurchase Program and Board Appointment
CBSH
Share Buyback
Board Change
- Commerce Bancshares, Inc. announced a share repurchase program for up to 5,000,000 total shares of its common stock, combining a new authorization with the remaining amount from a prior authorization, as of November 3, 2025.
- The Board of Directors appointed Ms. Alaina G. Maciá as an independent member, effective October 31, 2025, to fill the vacancy created by the retirement of Mr. Jonathan M. Kemper.
- Ms. Maciá will serve on the Compensation and Human Resources Committee and will hold the position until 2027.
Nov 4, 2025, 9:07 PM
Commerce Bancshares, Inc. Reports Q3 2025 Earnings and FineMark Acquisition Update
CBSH
Earnings
M&A
- Commerce Bancshares, Inc. announced earnings per share of $1.06 for the three months ended September 30, 2025, compared to $1.01 in the same quarter last year and $1.14 in the second quarter of 2025. Net income for Q3 2025 amounted to $141.5 million, an increase from $138.0 million in Q3 2024 but a decrease from $152.5 million in Q2 2025.
- For the third quarter of 2025, the company reported a return on average assets of 1.78%, a return on average equity of 15.26%, and an efficiency ratio of 55.3%.
- The acquisition of FineMark Holdings, Inc. has received all regulatory approvals and shareholder approval, with the transaction expected to close on January 1, 2026.
- Credit quality remained strong, with non-accrual loans at just .09% of total loans. The allowance for credit losses on loans increased to $175.7 million, or .99% of total loans, at September 30, 2025.
Oct 16, 2025, 1:09 PM
CBSH Reports Q3 2025 Earnings with Increased EPS and Loan Growth
CBSH
Earnings
M&A
Share Buyback
- CBSH reported earnings of $1.06 per share in Q3 2025, a 5% increase compared to the same quarter last year, with net income of $142 million.
- Net interest income grew 7% year-over-year to $279.5 million, and non-interest income increased 2% to $161.5 million, comprising 37% of total revenue.
- The company saw period-end loans increase 4.1% year-over-year to $17.79 billion and average deposit balances rise 2% year-over-year to $24.78 billion. Book value per share also increased 11% year-over-year to $28.51.
- Credit quality remained robust with annualized net loan charge-offs at 0.23% and non-accrual loans at 0.09% of total loans. CBSH also repurchased $25 million of common stock in Q3 2025 and announced the FineMark acquisition is expected to close on January 1, 2026.
Oct 16, 2025, 10:00 AM
Commerce Bancshares, Inc. Reports Strong Q2 2025 Earnings and Announces FineMark Acquisition
CBSH
Earnings
M&A
- Commerce Bancshares, Inc. reported earnings of $1.14 per share and net income of $152.5 million for the second quarter ended June 30, 2025. This compares to $1.03 per share and $139.6 million in the same quarter last year.
- For Q2 2025, the company achieved a return on average assets of 1.95% and a return on average equity of 17.40%. Net interest income was a record $280.1 million.
- The company announced plans to acquire FineMark Holdings, Inc., which is expected to be approximately 6% accretive to 2026 consensus GAAP earnings and has a 1.6 years tangible book value per share earn back.
Jul 16, 2025, 12:00 AM
Commerce Bancshares Merges with FineMark and Acquires FineMark National Bank & Trust
CBSH
M&A
- Commerce Bancshares enters a definitive merger agreement (dated June 16, 2025) to acquire FineMark National Bank & Trust in a 100% stock transaction valued at $585M with a fixed exchange ratio of 0.69 shares per FineMark share (equivalent to $41.87 per share) .
- The deal is structured as a tax-free reorganization qualifying under Section 368(a) of the Internal Revenue Code .
- Transaction closing is targeted for January 1, 2026, pending FineMark shareholder approval, required regulatory approvals (Federal Reserve, Missouri Division of Finance), and non-objection from Nasdaq .
- Commerce will file a Form S-4 registration statement (including the FineMark proxy/prospectus) to register common stock issuance, with proxy solicitation involving directors and executive officers from both companies .
- FineMark will retain its name and CEO Joseph Catti, adding 13 offices across Florida, Arizona, and South Carolina and contributing approximately $7.7B–$8B in assets under administration and $4B in banking assets .
- The merger expands Commerce’s wealth management footprint with expected synergies including $15M in annual pretax cost savings, $57M in one-time merger expenses, and fair-value adjustments of $146M (loans), $35M (available-for-sale securities), and $8M (HTM securities) .
- Post-closing, the combined entity is set to manage $84B in wealth assets under administration, $52B under management, and $36B in bank assets, projected to be ~6% accretive to 2026 GAAP EPS with a 1.6-year tangible book value earn-back and a pro forma CET1 ratio of ~17% .
Jun 17, 2025, 12:00 AM
Commerce Bancshares Annual Shareholder Meeting Highlights
CBSH
Proxy Vote Outcomes
Executive Compensation
New Projects/Investments
- The meeting included a proxy vote outcome approving the advisory executive compensation proposal and featured introductions of board members and key attendees, including representatives from KPMG.
- CEO John Kemper presented a strategic review emphasizing strong 2024 performance with record net income of $526 million and balanced gains in fee and interest income.
- The discussion reviewed the bank’s diversified business model—spanning consumer, commercial, and wealth management segments—and highlighted significant investments in digital platforms and technology to support growth.
Apr 25, 2025, 2:31 PM
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