$CBSH (Commerce Bancshares, Inc.)

$CBSH {{ '2016-04-13T12:05:09+0000' | timeago}} • Announcement

$CBSH, a bank holding company of Commerce Bank, posted higher 1Q16 results, helped by higher revenue. $CBSH said net income available to common shareholders rose 7.3% to $63.12MM, or $0.65 per share compared to $58.8MM or $0.58 per share a year ago. Revenue rose 12% to $282.79MM.

$CBSH {{ '2017-07-13T11:20:34+0000' | timeago}} • Announcement

$CBSH's net loan charge-offs for 2Q17 increased to $10.8MM from $7.5MM last year. This was mainly the result of higher personal banking loan losses and a reduction in commercial loan recoveries this quarter. The provision for loan losses matched net loan charge-offs and the allowance for loan losses amounted to 1.16% of period end loans.

$CBSH {{ '2017-07-13T11:17:53+0000' | timeago}} • Announcement

$CBSH reported a rise in 2Q17 earnings driven by higher net interest income and an increase in non-interest income, despite a decline in expenses and low credit costs. Net income rose to $78.96MM or $0.75 per share from $69.89MM or $0.66 per share last year. Revenue grew to $305.89MM from $288.4MM.

$CBSH {{ '2017-04-19T18:30:33+0000' | timeago}} • Announcement

$CBSH declared a quarterly dividend of $0.225 per share on its common stock payable June 26, 2017, to stockholders as on June 9, 2017. The BoD also approved a dividend of $0.375 per depositary share on its Series B non-cumulative perpetual preferred stock, payable June 1, 2017, to stockholders as on May 12, 2017.

$CBSH {{ '2017-04-13T11:35:30+0000' | timeago}} • Announcement

$CBSH's total average loans during 1Q17 rose 8.2% YoY to $272.4MM compared to prior year quarter. The increase in average loans was mainly from growth in business, business real estate and personal real estate loans.

$CBSH {{ '2017-04-13T11:33:07+0000' | timeago}} • Announcement

$CBSH's total average deposits during 1Q17 rose 7.2% to $373.1MM compared to 1Q16. The rise in average deposits was mainly due to growth in certificates of deposits, money market, and government and personal demand deposit accounts.

$CBSH {{ '2017-04-13T11:23:44+0000' | timeago}} • Announcement

Bank holding company $CBSH reported 9.3% rise in its 1Q17 income, helped by higher revenues. Net income during the quarter rose to $71.5MM, or $0.68 per share compared to $65.4MM, or $0.62 per share during prior year quarter. Total revenues rose 4.4% YoY to $295.3MM from $282.7MM during 1Q16.

$CBSH {{ '2017-02-03T18:26:26+0000' | timeago}} • Announcement

$CBSH's BoD declared a quarterly dividend of $0.225 per share, up 5%, payable on March 27, 2017 to stockholders of record on March 10, 2017. The BoD also declared a quarterly dividend of $0.375 per depositary share on its Series B non-cumulative perpetual preferred stock payable March 1, 2017, to stockholders of record on Feb. 10, 2017.

$CBSH {{ '2016-10-14T12:48:14+0000' | timeago}} • Announcement

$CBSH's total average deposits decreased by $94.5MM, or 0.5%, for 3Q16 compared to last quarter. The decrease resulted mainly from a decline in certificates of deposit coupled with lower money market and interest checking balances. Demand deposit balances grew by $210.3MM, mostly related to business and government customer activity.

$CBSH {{ '2016-10-14T12:44:32+0000' | timeago}} • Announcement

$CBSH's average loans for 3Q16 grew $118.1MM, or 3.7% annualized, from 2Q16. The rise resulted from growth in business real estate and construction loans. Commercial construction projects continued to drive growth in construction loans, while demand for commercial real estate loans increased this quarter.

$CBSH {{ '2016-10-14T12:41:30+0000' | timeago}} • Announcement

$CBSH's total assets at Sept. 30, 2016 were $24.7Bil, total loans were $13.2Bil and total deposits were $20.2Bil. During 3Q16, provision for loan losses was $7.3MM higher than net loan charge offs but less than 2Q16. The allowance for loan losses rose to $154.5MM at Sept. 30, 2016, or 1.17% of period end loans.

$CBSH {{ '2016-10-14T12:38:28+0000' | timeago}} • Announcement

$CBSH's net loan charge-offs for 3Q16 fell to $6.6MM from $8.4MM in 3Q15 and down from $7.5MM in 2Q16. The decrease in net loan charge-offs compared to last quarter was largely due to continued commercial loan recoveries.

$CBSH {{ '2016-10-14T12:34:11+0000' | timeago}} • Announcement

Bank holding company $CBSH reported a rise in 3Q16 earnings driven by higher revenue. Net income rose to $68.55MM or $0.68 per share from $64.61MM or $0.63 per share last year. Revenue grew to $290.56MM from $273.33MM, on growth from both net interest income and fees.

$CBSH {{ '2016-07-29T19:31:51+0000' | timeago}} • Announcement

$CBSH said its BoD declared a quarterly dividend of $0.225 per common share, payable on Sept. 26, 2016, to stockholders of record as of Sept. 9, 2016. The BoD also approved a dividend of $0.375 per depositary share on Series B non-cumulative perpetual preferred stock, payable on Sept. 1, 2016 to stockholders of record as of Aug. 12, 2016.

$CBSH {{ '2016-07-13T11:46:02+0000' | timeago}} • Announcement

$CBSH's non-interest income for 2Q16 increased by 2% from last year, due to growth in deposit, trust, sweep, and loan fees, partly offset by lower bank card, lease, capital market fees, swap and tax credit fee income. Compared to 1Q16, non-interest income fell by 2.1%, mainly due to a gain on sale of a former branch property in the prior quarter.

$CBSH {{ '2016-07-13T11:41:39+0000' | timeago}} • Announcement

$CBSH's net interest income for 2Q16 rose by $8.2MM from last quarter. The increase was due mainly to a rise in interest on investment securities, growth in interest earned on loans, and a slight decline in interest expense. During 2Q16, the net yield on earning assets was 3.11% compared with 2.95% in 1Q16 and 3.04% in 2Q15.

$CBSH {{ '2016-07-13T11:36:25+0000' | timeago}} • Announcement

$CBSH's average total loans for 2Q16 grew $319.2MM, or 10% annualized, from 1Q16. The rise resulted from growth in business and construction loans. The rise in business loans came from continued growth in commercial and industrial, leasing and tax-free lending activities, while commercial construction projects continued to drive construction loans.

$CBSH {{ '2016-07-13T11:32:24+0000' | timeago}} • Announcement

$CBSH's total assets at June 30, 2016 were $24.7Bil, total loans were $13.1Bil and total deposits were $20.2Bil. During 2Q16, provision for loan losses was $1.7MM higher than net loan charge offs but slightly less than 1Q16. The allowance for loan losses rose to $153.8MM at June 30, 2016, or 1.18% of period end loans.

$CBSH {{ '2016-07-13T11:28:37+0000' | timeago}} • Announcement

$CBSH's net loan charge-offs for 2Q16 fell to $7.5MM from $8.8MM in both the previous quarter and 2Q15. The decrease net loan charge-offs compared to last quarter was largely due to increased commercial loan recoveries, especially in construction and business real estate loans, offset by slightly higher personal banking loan net losses.

$CBSH {{ '2016-07-13T11:25:19+0000' | timeago}} • Announcement

Bank holding company $CBSH reported a decline in 2Q16 earnings due to loss on investment securities and a rise in non-interest expenses. Net income fell to $67.64MM or $0.70 per share from $72.1MM or $0.72 per share last year. Revenue grew to $288.4MM from $277.9MM, on higher loan interest and rise in interest on inflation-protected securities.

$CBSH {{ '2016-04-20T18:03:31+0000' | timeago}} • Announcement

$CBSH said its BoD declared a quarterly dividend of $0.225 per share on the company's common stock, payable on June 27, 2016, to the company's stockholders of record as of June 10, 2016.

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