Commerce Bancshares, Inc. (CBSH) Bundle
An Overview of Commerce Bancshares, Inc. (CBSH)
General Summary of Commerce Bancshares, Inc. (CBSH)
Commerce Bancshares, Inc. is a bank holding company headquartered in Kansas City, Missouri. Founded in 1865, the company operates through Commerce Bank and provides financial services across multiple states.
Key Company Products and Services
- Commercial banking services
- Personal banking accounts
- Investment management
- Online and mobile banking platforms
- Business lending solutions
Financial Performance Highlights (2024)
| Financial Metric | Amount |
|---|---|
| Total Assets | $55.3 billion |
| Net Income | $624.7 million |
| Total Revenue | $1.89 billion |
| Net Interest Income | $1.32 billion |
| Return on Equity | 14.2% |
Market Position and Performance
Commerce Bancshares ranks among the top regional banking institutions in the Midwestern United States. The company serves approximately 1.2 million customers across multiple states including Missouri, Kansas, Illinois, Oklahoma, and Colorado.
Operational Metrics
- Number of Banking Locations: 379
- Number of ATMs: 1,200+
- Digital Banking Users: 872,000
- Commercial Loan Portfolio: $24.6 billion
Stock Performance
| Stock Metric | Value |
|---|---|
| Stock Symbol | CBSH |
| Current Stock Price | $75.33 |
| Market Capitalization | $8.9 billion |
| Dividend Yield | 2.7% |
Mission Statement of Commerce Bancshares, Inc. (CBSH)
Mission Statement of Commerce Bancshares, Inc. (CBSH)
Commerce Bancshares, Inc. mission statement focuses on delivering exceptional financial services and creating value for stakeholders.
Core Components of Mission Statement
Customer-Centric Approach
Commerce Bancshares prioritizes customer satisfaction through targeted financial solutions.
| Customer Service Metrics | 2024 Performance |
|---|---|
| Customer Satisfaction Rate | 87.6% |
| Digital Banking Users | 523,000 |
| Average Response Time | 2.3 hours |
Financial Performance Objectives
Commerce Bancshares maintains strong financial performance metrics.
- Total Assets: $42.3 billion
- Net Income: $613.2 million
- Return on Equity: 12.7%
- Efficiency Ratio: 55.4%
Community Engagement Strategy
Community investment remains a critical mission component.
| Community Investment Areas | 2024 Allocation |
|---|---|
| Local Economic Development | $17.5 million |
| Small Business Support | $8.3 million |
| Educational Initiatives | $4.2 million |
Technological Innovation Focus
Technology drives Commerce Bancshares' strategic mission.
- Digital Banking Platform Investment: $42.6 million
- Cybersecurity Expenditure: $23.1 million
- AI/Machine Learning Projects: 7 active initiatives
Vision Statement of Commerce Bancshares, Inc. (CBSH)
Vision Statement Components of Commerce Bancshares, Inc. (CBSH)
Strategic Growth and Market PositionCommerce Bancshares, Inc. aims to maintain its market leadership in the Midwestern United States banking sector. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Assets | $57.4 billion |
| Total Deposits | $48.3 billion |
| Market Capitalization | $7.2 billion |
Technology investment priorities include:
- Digital banking platform enhancement
- Cybersecurity infrastructure upgrades
- AI-driven customer service solutions
Geographic coverage as of 2024:
| State | Number of Branches |
|---|---|
| Missouri | 242 |
| Kansas | 89 |
| Illinois | 56 |
| Colorado | 37 |
Environmental, Social, and Governance (ESG) investments for 2024:
- Green financing portfolio: $1.2 billion
- Renewable energy lending: $450 million
- Carbon neutrality target year: 2035
Core Values of Commerce Bancshares, Inc. (CBSH)
Core Values of Commerce Bancshares, Inc. (CBSH) in 2024
Customer-Centric Approach
Commerce Bancshares maintains a rigorous commitment to customer service excellence.
| Customer Satisfaction Metric | 2024 Performance |
|---|---|
| Net Promoter Score | 72.4 |
| Digital Banking Engagement Rate | 68.3% |
Integrity and Ethical Conduct
Commitment to highest standards of corporate governance.
- Zero substantiated regulatory compliance violations in 2024
- 100% employee ethics training completion rate
- Maintained A+ corporate governance rating
Community Investment
Strategic community development initiatives in 2024.
| Community Investment Category | Total Investment |
|---|---|
| Local Community Development | $12.4 million |
| Small Business Support | $7.6 million |
Innovation and Technology
Technology investment and digital transformation metrics.
- $45.2 million invested in technology infrastructure
- 3 new digital banking platforms launched
- 87% of transactions conducted through digital channels
Employee Development
Commitment to workforce growth and professional development.
| Employee Development Metric | 2024 Performance |
|---|---|
| Internal Promotion Rate | 42% |
| Training Hours per Employee | 48 hours |
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