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KANSAS CITY - Commerce Bancshares, Inc. (NASDAQ:CBSH) announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.275 per share on the company's common stock, payable on December 15, 2025, to stockholders of record as of December 2, 2025. The company has maintained dividend payments for an impressive 55 consecutive years and has raised its dividend for 11 straight years, according to InvestingPro data.
In addition to the cash dividend, the board approved a 5% common stock dividend to be distributed on December 16, 2025, to shareholders of record at the close of business on December 2, 2025. Shareholders will receive cash for any fractional shares based on the market value of the stock on the record date.
The company noted that the quarterly cash dividend will not apply to any new shares issued through the stock dividend. Statements reflecting the issuance of additional shares from the stock dividend are expected to be mailed around December 16.
Commerce Bancshares is a regional bank holding company with $32.3 billion in assets as of September 30, 2025. The company operates banking facilities throughout the Midwest, including locations in metropolitan St. Louis and Kansas City, as well as in Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver.
The information was disclosed in a press release issued by the company.
In other recent news, Commerce Bancshares reported third-quarter earnings of $1.06 per share, missing analyst expectations of $1.10. The company's revenue also fell short of projections, coming in at $440.97 million compared to the anticipated $447.84 million. This earnings report prompted several financial firms to adjust their evaluations of the company. TD Cowen lowered its price target for Commerce Bancshares to $61 from $63, maintaining a Hold rating due to higher loan loss provisions and lower net interest income. Wells Fargo also reduced its price target to $60 from $65, citing an "uncharacteristic quarter" where both revenue and credit missed expectations. Piper Sandler adjusted its price target to $63 from $70, maintaining a Neutral rating while lowering its 2025 and 2026 operating EPS estimates. These developments reflect the challenges Commerce Bancshares faced in the recent quarter, impacting analyst assessments.
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