Benzinga  Jul 15  Comment 
Analysts at Raymond James on Wednesday made several rating adjustments. Upgrading Primerica To Strong Buy Shares of Primerica, Inc. (NYSE: PRI) were upgraded to Strong Buy from Market Perform with a newly established $54 price...
Benzinga  Jul 15  Comment 
Receptos Inc (NASDAQ: RCPT) shares reached a new 52-week high of $228.84 after Celgene Corporation (NASDAQ: CELG) announced its plans to acquire Receptos for $7.2 billion. Commerce Bancshares, Inc. (NASDAQ: CBSH) shares touched a new 52-week...
TheStreet.com  Jul 14  Comment 
NEW YORK (TheStreet) -- Commerce Bancshares shares are down 0.66% to $46.77 in early market trading on Tuesday following the release of the bank holding company's second quarter financial results.The company reported first quarter net income...


Related Articles


Commerce Bancshares Inc. (CBSH) is the largest bank holding company in Missouri, with significant operations in Kansas, Colorado and Illinois as well. Operating through a network of 204 full-service branches at December 31, 2006, CBSH provides diversified financial services organized under three segments. The Consumer segment (57% of total segment pre-tax income in 2006) includes the retail branch network, consumer installment lending, personal mortgage banking, bankcard activities, student lending, and discount brokerage services. The Commercial segment (35%) provides a full array of corporate lending, leasing, and international services, as well as business and government deposit and cash management services. The Money Management segment (including the Capital Markets group) provides traditional trust and estate tax planning services, and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers, and manages CBSH's family of proprietary mutual funds.

In 2006, net interest income accounted for 59% of net revenue. Bankcard processing and trust represented roughly 11% and 8%, respectively, of net revenue, which is a bit more than the typical mid-cap bank. CBSH's growth strategy includes: expanding core fee businesses maintaining tight control over operating expenses continuing its strict focus on risk management preserving its strong capital position and investing in technology.

Real estate loans (including both commercial and consumer) are a smaller portion of CBSH's loan portfolio than for many competitors, accounting for only 46% of average loans outstanding in 3Q07, followed by commercial (29%), consumer (15%), and other (9%). The securities portfolio continues to decline on a relative basis, now a more manageable 23% of average earning assets in the quarter. Non-interest-bearing and other low-cost deposits funded 56% of average earning assets, with time deposits and borrowing funding 27% and 14%, respectively. At September 30, 2007, CBSH had $16.0 billion in total assets, $10.8 billion in loans, and $12.0 billion in deposits.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki