US Market News
3週前
Commerce Bancshares, Inc. Announces Visa Inc.’s Acceptance of Class B-2 Common Stock and Investment Securities RepositioningMay 12, 2026 3:32 PM
Business Wire Commerce Bancshares, Inc. (NASDAQ: CBSH, or the “Company”) announced that Visa Inc. (“Visa”) has accepted the Company’s tender of its 411,723 shares of Visa Class B-2 common stock in exchange for a combination of Visa Class B-3 common stock and Visa Class C common stock (the “Exchange Offer”). The tender was previously announced by the Company on a Form 8-K filed on April 27, 2026. As a result of the Exchange Offer, the Company marked its Visa Class C common stock to fair value and recorded a gain of $99 million, based on the conversion privilege of the Visa Class C common stock and the closing price of Visa Class A common stock on May 8, 2026, of $318.79 per share. The Company’s Visa Class C common stock shares are expected to continue to be marked to fair value on a recurring basis using the Visa Class A common stock shares as evidence of orderly transactions between market participants for similar securities issued by Visa. Subsequent to the successful close of the Exchange Offer, the Company approved a plan to reposition a portion of its available-for-sale debt securities portfolio through the sale of securities with an amortized cost of approximately $911 million. The securities that the Company plans to sell have a yield of approximately 2.5%, which is expected to result in a pretax loss of approximately $95 million. The Company expects to reinvest most of the proceeds into investment securities yielding approximately 4.0%. The Company expects the repositioning to increase net interest income, reduce earnings volatility, reduce exposure to changes in interest rates, and enhance the overall quality and flexibility of the balance sheet. The cumulative impact of the gain on Visa stock as a result of the Exchange Offer and the anticipated securities repositioning is expected to be approximately neutral to the Company’s Common Equity Tier 1 ratio. The timing and amount of the loss ultimately realized on the available-for-sale debt securities and the reinvestment assumptions may depend on a number of factors, including market conditions, the future price of Visa Class A common stock, and other considerations. About Commerce Bancshares, Inc. Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company with $35.7 billion in assets1, offering banking, payment solutions, wealth management and securities brokerage through its subsidiaries. Commerce Bank, its primary subsidiary, brings over 160 years of experience helping individuals and businesses through high-touch service and sophisticated, personalized financial solutions. Commerce maintains an extensive network of banking centers, wealth offices, and ATMs throughout the Midwest, as well as commercial offices in 11 states and offers payment solutions nationwide. With its recent acquisition of FineMark Holdings, Inc., Commerce builds on its existing private banking and wealth management presence in Florida and adds wealth offices in Arizona and South Carolina. Customers can conveniently access their accounts 24/7 using mobile and online platforms, as well as a customer service line. Learn more at www.commercebank.com 1As of March 31, 2026 Forward Looking Information This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions, and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. Additional information about risks and uncertainties is included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections within the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512821808/en/ For more information, please contact:
Matt Burkemper (314) 746-7485 Matthew.Burkemper@CommerceBank.com Original: Commerce Bancshares, Inc. Announces Visa Inc.’s Acceptance of Class B-2 Common Stock and Investment Securities Repositioning
US Market News
1月前
Commerce Bancshares Expands Share Repurchase Program, Reflecting Confidence in Long-Term Value and Reinforcing Disciplined Capital StrategyApril 28, 2026 11:13 AM
Business Wire
Commerce Bancshares, Inc.’s (NASDAQ: CBSH) Board of Directors approved an increase to the Company’s share repurchase authorization, adding 2,500,000 shares of common stock.
When combined with the shares remaining under the prior authorization as of October 31, 2025, the Company is now authorized to repurchase up to 7,500,000 total shares of its common stock under its share repurchase program.
The expanded authorization reflects the Board’s continued focus on disciplined capital management and its commitment to creating long-term shareholder value, while maintaining the financial flexibility needed to support the Company’s strategic priorities.
Repurchases under the program may be made from time to time through open market purchases, privately negotiated transactions, or other methods in compliance with applicable laws and regulations. Any repurchases will be made at the sole discretion of management, and the timing and actual number of shares repurchased will depend on market pricing and conditions, business, legal, accounting, and other considerations.
The share repurchase program does not obligate Commerce to purchase any particular number of shares, and there is no assurance as to the timing or volume of any repurchases. The program may be suspended, modified, or terminated by the Company at any time and for any reason without prior notice.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company with $35.7 billion in assets¹, offering banking, payment solutions, wealth management and securities brokerage through its subsidiaries. Commerce Bank, its primary subsidiary, brings over 160 years of experience helping individuals and businesses through high-touch service and sophisticated, personalized financial solutions.
Commerce maintains an extensive network of banking centers, wealth offices, and ATMs throughout the Midwest, as well as commercial offices in 11 states and offers payment solutions nationwide. With its recent acquisition of FineMark Holdings, Inc., Commerce builds on its existing private banking and wealth management presence in Florida and adds wealth offices in Arizona and South Carolina.
Customers can conveniently access their accounts 24/7 using mobile and online platforms, as well as a customer service line.
Learn more at www.commercebank.com
1As of March 31, 2026
Forward Looking Information
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions, and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. Additional information about risks and uncertainties is included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within the Company's Annual Report on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428234676/en/
For additional information, contact:
Commerce Bank Media Relations at media@commercebank.com
Original: Commerce Bancshares Expands Share Repurchase Program, Reflecting Confidence in Long-Term Value and Reinforcing Disciplined Capital Strategy
US Market News
1月前
Commerce Bancshares, Inc. Announces Participation in Visa Exchange OfferApril 27, 2026 4:24 PM
Business Wire
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that it has participated in an exchange offer initiated by Visa Inc. (“Visa”) involving a portion of the Company’s Visa Class B-2 common stock holdings.
Under the terms of the exchange offer, and subject to final settlement, Commerce expects to exchange tendered Visa Class B-2 shares for a combination of Visa Class B-3 common stock and Visa Class C common stock. The Company has tendered all 411,723 of its shares of Visa Inc. Class B-2 common stock and is awaiting notification of acceptance of that tender and the closing of the exchange offer.
If the Company’s tendered shares are accepted and the exchange occurs in the second quarter of 2026, Commerce expects to record a significant gain during the second quarter of 2026, based on the conversion privilege of the Class C common stock and the closing price of Visa Class A common stock. Additionally, if the tendered shares are accepted and the exchange occurs in the second quarter of 2026, Commerce may execute other strategic initiatives, including evaluating its investment portfolio as part of its ongoing capital and balance-sheet management strategy. This may include repositioning a portion of the Company’s investment securities portfolio through the sale of available-for-sale debt securities, which may result in a significant loss, and the purchase of investment securities at current market yields to enhance net interest income, manage interest rate risk, and improve the overall quality and flexibility of the company’s balance sheet.
Commerce will provide additional details regarding the tender exchange and any related portfolio actions in future filings or disclosures, as appropriate.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company with $35.7 billion in assets¹, offering banking, payment solutions, wealth management and securities brokerage through its subsidiaries. Commerce Bank, its primary subsidiary, brings over 160 years of experience helping individuals and businesses through high-touch service and sophisticated, personalized financial solutions.
Commerce maintains an extensive network of banking centers, wealth offices, and ATMs throughout the Midwest, as well as commercial offices in 11 states and offers payment solutions nationwide. With its recent acquisition of FineMark Holdings, Inc., Commerce builds on its existing private banking and wealth management presence in Florida and adds wealth offices in Arizona and South Carolina.
Customers can conveniently access their accounts 24/7 using mobile and online platforms, as well as a customer service line.
Learn more at www.commercebank.com
1As of March 31, 2026
Forward Looking Information
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions, and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. Additional information about risks and uncertainties is included in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within the Company's Annual Report on Form 10-K.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260427598318/en/
Media Relations
media@commercebank.com
Original: Commerce Bancshares, Inc. Announces Participation in Visa Exchange Offer
US Market News
1月前
Commerce Bancshares, Inc. Declares Cash Dividend on Common StockApril 24, 2026 2:43 PM
Business Wire
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.275 per share on the Company's common stock. The dividend is payable on June 23, 2026 to stockholders of record at the close of business on June 5, 2026.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company with $35.7 billion in assets¹, offering banking, payment solutions, wealth management and securities brokerage through its subsidiaries. Commerce Bank, its primary subsidiary, brings over 160 years of experience helping individuals and businesses through high-touch service and sophisticated, personalized financial solutions.
Commerce maintains an extensive network of banking centers, wealth offices, and ATMs throughout the Midwest, as well as commercial offices in 11 states and offers payment solutions nationwide. With its recent acquisition of FineMark Holdings, Inc., Commerce builds on its existing private banking and wealth management presence in Florida and adds wealth offices in Arizona and South Carolina.
Customers can conveniently access their accounts 24/7 using mobile and online platforms, as well as a customer service line.
Learn more at www.commercebank.com
1As of March 31, 2026
View source version on businesswire.com: https://www.businesswire.com/news/home/20260424157163/en/
For more information, please contact:
Matt Burkemper (314) 746-7485
Matthew.Burkemper@CommerceBank.com
Original: Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
US Market News
1月前
Commerce Bancshares, Inc. (NASDAQ: CBSH) Announces Webcast of Annual Meeting of ShareholdersApril 23, 2026 2:00 PM
Business Wire
As publicly announced, the Annual Meeting of Shareholders will be held on Friday, April 24, 2026 at 9:30 a.m. Central Time. Shareholders of record as of the close of business on the record date of February 17, 2026, as well as their legal proxies and other interested parties, may attend the virtual annual meeting at https://meetnow.global/M6FQCW6. Instructions are available on the meeting website.
For registered shareholders with a valid control number, which can be found on their proxy card or notice, or email previously distributed in connection with the meeting, they may attend the meeting virtually as “Shareholder.” Only one shareholder per control number may access the meeting.
Shareholders and other interested parties who do not have a control number may attend the virtual annual meeting as a “Guest.” Guests may listen to the meeting but will not be able to vote or submit questions during the meeting.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company with $35.7 billion in assets¹, offering banking, payment solutions, wealth management and securities brokerage through its subsidiaries. Commerce Bank, its primary subsidiary, brings over 160 years of experience helping individuals and businesses through high-touch service and sophisticated, personalized financial solutions.
Commerce maintains an extensive network of banking centers, wealth offices, and ATMs throughout the Midwest, as well as commercial offices in 11 states and offers payment solutions nationwide. With its recent acquisition of FineMark Holdings, Inc., Commerce builds on its existing private banking and wealth management presence in Florida and adds wealth offices in Arizona and South Carolina.
Customers can conveniently access their accounts 24/7 using mobile and online platforms, as well as a customer service line.
Learn more at www.commercebank.com.
1As of March 31, 2026
View source version on businesswire.com: https://www.businesswire.com/news/home/20260423671669/en/
For more information, please contact:
Matt Burkemper (314) 746-7485
Matthew.Burkemper@CommerceBank.com
Original: Commerce Bancshares, Inc. (NASDAQ: CBSH) Announces Webcast of Annual Meeting of Shareholders
US Market News
4月前
Commerce Bancshares, Inc. Declares Cash Dividend on Common StockFebruary 6, 2026 1:39 PM
Business Wire
Commerce Bancshares, Inc. (NASDAQ: CBSH) 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 $0.262 as adjusted for the 5% stock dividend that was paid on December 16, 2025. This represents an increase in the quarterly dividend per share of 5% and marks the 58th consecutive year that the Company has increased its regular cash dividend per share. The dividend is payable on March 24, 2026 to stockholders of record at the close of business on March 6, 2026.
About Commerce Bank
Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company with $32.9 billion in assets¹, offering banking, payment solutions, wealth management and securities brokerage through its subsidiaries. Commerce Bank, its primary subsidiary, brings over 160 years of experience helping individuals and businesses through high-touch service and sophisticated, personalized financial solutions.
Commerce maintains an extensive network of banking centers, wealth offices, and ATMs throughout the Midwest, as well as commercial offices in 11 states and offers payment solutions nationwide. With the acquisition of FineMark Holdings, Inc., which was completed on January 1, 2026, Commerce builds on its existing private banking and wealth management presence in Florida and adds wealth offices in Arizona and South Carolina.
Customers can conveniently access their accounts 24/7 using mobile and online platforms, as well as a customer service line.
Learn more at www.commercebank.com
1As of December 31, 2025
View source version on businesswire.com: https://www.businesswire.com/news/home/20260206355003/en/
For more information, please contact:
Matt Burkemper (314) 746-7485
Matthew.Burkemper@CommerceBank.com
Original: Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
Penny Roger$
14年前
Commerce Bancshares, Inc. is a bank holding company. Through a wholly owned bank holding company, it owns all of the outstanding capital stock of Commerce Bank (the Bank). The Bank engages in general banking business, providing a range of retail, corporate, investment, trust, and asset management products and services to individuals and businesses. The Company also owns, directly or through the Bank, various non-banking subsidiaries. Their activities include underwriting credit life and credit accident and health insurance, selling property and casualty insurance (relating to consumer loans made by the Bank), private equity investment, securities brokerage, mortgage banking, and leasing activities. It operates in three segments: Consumer segment, Commercial segment and Wealth segment. In June 2011, the Bank became a state chartered Federal Reserve member bank. As of December 31, 2011, it had loans of $9.2 billion, deposits of $16.8 billion, and equity of $2.2 billion.
http://www.google.com/finance?q=CBSH
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