Headquarters: Kansas City, MO, United States
CEO: Mr. John W. Kemper
USD as of April 1, 2022
|Company||Market Cap (USD)|
|Bank of America||$350.84 B|
|Wells Fargo||$200.01 B|
|China Construction Bank||$189.37 B|
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 287 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.
Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company based in Missouri with primary hubs in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and estate planning, and investments through its affiliated companies. Commerce operates in approximately 300 branch and ATM locations across Missouri, Kansas, Illinois, Oklahoma, and Colorado and also has operating subsidiaries involved in mortgage banking, credit-related insurance, venture capital, and real estate activities. As of March 31, 2021, Commerce Bank was the 62nd largest commercial bank in the United States, as reported by the Federal Reserve Bank. Commerce Bank ranked 51st on Forbes list of America's Best Banks 2021. Forbes has named Commerce Bank to its America’s Best Banks list for 12 consecutive years .
Source: Wikipedia, retrieved on March 31, 2022, 8:44 p.m.
David W. Kemper (Executive Chairman) John W. Kemper (President and CEO)
Revenue: US$1.395 Billion (Fiscal Year Ended December 31, 2021)
Operating income: US$0.686 Billion (Fiscal Year Ended December 31, 2021)
Net income: US$0.530 Billion (Fiscal Year Ended December 31, 2021)
Total assets: US$36.689 Billion (Fiscal Year Ended December 31, 2021)
Total equity: US$3.448 Billion (Fiscal Year Ended December 31, 2021)