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Commerce Bancshares, Inc. (NASDAQ:CBSH) reported that Jonathan M. Kemper retired from its Board of Directors effective August 31, 2025. The company stated that Mr. Kemper’s departure was due to mandatory retirement requirements.
Mr. Kemper had served as a member of the Board since 1997. He is the retired Chairman Emeritus of Commerce Bank.
This information is based on a statement from a Securities and Exchange Commission filing.
In other recent news, Commerce Bancshares reported its second-quarter earnings, revealing a strong performance that exceeded expectations. The company announced earnings of $1.14 per share, surpassing analyst projections of $1.04. Revenue for the quarter reached $445.76 million, which was above the consensus estimate of $435.21 million. Commerce Bancshares’ net income for the quarter was $152.5 million, marking a 9.2% increase from the same period last year and a 15.9% rise from the previous quarter. The bank’s return on average assets stood at 1.95%, while its return on average equity was 17.40%. These figures highlight the company’s robust growth across various business segments. The earnings report reflects positive momentum for Commerce Bancshares as it continues to deliver strong financial results.
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