Commerce Bancshares, Inc. Stock Repurchase Program
2024年4月19日 - 4:15AM
ビジネスワイヤ(英語)
Commerce Bancshares, Inc. (NASDAQ: CBSH) 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.
About Commerce Bancshares, Inc.
With $30.4 billion in assets1, Commerce Bancshares, Inc.
(NASDAQ: CBSH) is a regional bank holding company offering a full
line of banking services through its subsidiaries, including
payment solutions, investment management and securities brokerage.
One of its subsidiaries, Commerce Bank, leverages nearly 160 years
of proven strength and experience to help individuals and
businesses solve financial challenges. In addition to offering
payment solutions across the U.S., Commerce Bank currently operates
full-service banking facilities across the Midwest including the
St. Louis and Kansas City metropolitan areas, Springfield, Central
Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and
Denver. Beyond the Midwest, Commerce also maintains commercial
offices in Dallas, Houston, Cincinnati, Nashville, Des Moines,
Indianapolis, and Grand Rapids and wealth offices in Dallas,
Houston and Naples. Commerce delivers high-touch service and
sophisticated financial solutions at regional branches, commercial
and wealth offices, ATMs, online, mobile and through a 24/7
customer service line. Learn more at www.commercebank.com.
1As of March 31, 2024
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240418530991/en/
Matt Burkemper, (314) 746-7485
Matthew.Burkemper@CommerceBank.com
Commerce Bancshares (NASDAQ:CBSH)
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