Commerce Bancshares Management

Management criteria checks 3/4

Commerce Bancshares' CEO is John Kemper, appointed in Feb 2013, has a tenure of 11.92 years. total yearly compensation is $4.72M, comprised of 21.8% salary and 78.2% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth €12.86M. The average tenure of the management team and the board of directors is 9.8 years and 10.6 years respectively.

Key information

John Kemper

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	21.8%
CEO tenure	11.9yrs
CEO ownership	0.2%
Management average tenure	9.8yrs
Board average tenure	10.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Kemper's remuneration changed compared to Commerce Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$495m
Jun 30 2024	n/a	n/a	US$478m
Mar 31 2024	n/a	n/a	US$466m
Dec 31 2023	US$5m	US$1m	US$473m
Sep 30 2023	n/a	n/a	US$495m
Jun 30 2023	n/a	n/a	US$497m
Mar 31 2023	n/a	n/a	US$485m
Dec 31 2022	US$5m	US$995k	US$484m
Sep 30 2022	n/a	n/a	US$467m
Jun 30 2022	n/a	n/a	US$467m
Mar 31 2022	n/a	n/a	US$513m
Dec 31 2021	US$5m	US$969k	US$526m
Sep 30 2021	n/a	n/a	US$541m
Jun 30 2021	n/a	n/a	US$543m
Mar 31 2021	n/a	n/a	US$420m
Dec 31 2020	US$4m	US$945k	US$339m
Sep 30 2020	n/a	n/a	US$314m
Jun 30 2020	n/a	n/a	US$296m
Mar 31 2020	n/a	n/a	US$363m
Dec 31 2019	US$4m	US$920k	US$408m
Sep 30 2019	n/a	n/a	US$411m
Jun 30 2019	n/a	n/a	US$414m
Mar 31 2019	n/a	n/a	US$416m
Dec 31 2018	US$3m	US$736k	US$420m

Compensation vs Market: John's total compensation ($USD4.72M) is above average for companies of similar size in the German market ($USD3.30M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Kemper (46 yo)

11.9yrs

Tenure

US$4,721,639

Compensation

Mr. John W. Kemper has been Chairman and Chief Executive Officer of Commerce Bank since August 2018 and served as its President and has been Chief Executive Officer of Commerce Bancshares, Inc. since Augus...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Kemper	President	11.9yrs	US$4.72m	0.15% € 12.9m
Charles Kim	Executive VP & CFO	15.5yrs	US$1.53m	0.11% € 8.9m
Kevin Barth	Executive Vice President	19.8yrs	US$1.50m	0.11% € 9.2m
Robert Holmes	Executive Vice President	9.8yrs	US$1.14m	0.039% € 3.3m
John Handy	Executive VP and President & CEO of Commerce Trust Company	1.3yrs	US$1.33m	0.043% € 3.6m
David Kemper	Executive Chairman	42.9yrs	US$1.28m	1.04% € 87.2m
David Roller	Senior VP & Chief Information Officer	no data	no data	0.026% € 2.1m
Matthew Burkemper	Director of Finance	no data	no data	no data
Margaret Rowe	Senior VP	no data	no data	0.015% € 1.2m
Douglas Neff	Senior Vice President	6yrs	no data	0.0068% € 564.9k
Patricia Kellerhals	Senior Vice President	8.9yrs	no data	0.016% € 1.3m
Paula Petersen	Executive Vice President	12.8yrs	no data	0.030% € 2.5m

9.8yrs

Average Tenure

60yo

Average Age

Experienced Management: CB5's management team is seasoned and experienced (9.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Kemper	President	9.3yrs	US$4.72m	0.15% € 12.9m
David Kemper	Executive Chairman	42.9yrs	US$1.28m	1.04% € 87.2m
Jonathan Kemper	Non Independent Director	27.9yrs	US$1.82m	1.06% € 89.0m
Terry Bassham	Independent Non-Employee Director	11.9yrs	US$137.00k	0.018% € 1.5m
Benjamin Rassieur	Independent Non-Employee Director	27.4yrs	US$140.00k	0.028% € 2.3m
Todd Schnuck	Independent Non-Employee Director	14.8yrs	US$129.00k	0.021% € 1.8m
Karen Daniel	Independent Non-Employee Director	7yrs	US$129.00k	0.011% € 913.3k
June Fowler	Independent Director	2.8yrs	US$126.00k	0.0032% € 264.9k
Earl Devanny	Lead Independent Director	14.8yrs	US$136.00k	0.023% € 2.0m
Christine Taylor-Broughton	Independent Director	2.8yrs	US$126.00k	0.0047% € 394.4k
Blackford Brauer	Independent Director	2.7yrs	US$129.00k	0.030% € 2.5m
W. Chapman	Independent Director	2.7yrs	US$126.00k	0.0046% € 383.6k

10.6yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CB5's board of directors are seasoned and experienced ( 10.6 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/17 18:20
End of Day Share Price	2025/01/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Commerce Bancshares, Inc. is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Matthew Keating	Barclays
Brandon Berman	BofA Global Research
null null	D.A. Davidson & Co.

Commerce Bancshares Management

Management criteria checks 3/4

Key information

Recent management updates

Executive Chairman recently sold €1.7m worth of stock

Non Independent Director recently sold €1.1m worth of stock

President recently sold €1.4m worth of stock

Commerce Bancshares, Inc., Annual General Meeting, Apr 17, 2024

Non Independent Director recently sold €932k worth of stock

Non Independent Executive Chairman recently sold €945k worth of stock

Recent updates

Commerce Bancshares, Inc. to Report Q4, 2024 Results on Jan 22, 2025

Investor sentiment improves as stock rises 15%

Third quarter dividend of US$0.27 announced

Commerce Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on December 17, 2024

Executive Chairman recently sold €1.7m worth of stock

New major risk - Revenue and earnings growth

Third quarter 2024 earnings released: EPS: US$1.07 (vs US$0.92 in 3Q 2023)

Commerce Bancshares, Inc. Reports Unaudited Consolidated Net Charge Off for the Third Quarter Ended September 30, 2024

Commerce Bancshares, Inc. to Report Q3, 2024 Results on Oct 17, 2024

Upcoming dividend of US$0.27 per share

Second quarter dividend of US$0.27 announced

Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock, Payable on September 23, 2024

Non Independent Director recently sold €1.1m worth of stock

Second quarter 2024 earnings released: EPS: US$1.07 (vs US$0.97 in 2Q 2023)

Commerce Bancshares, Inc. Reported Net Charge-Offs for the Second Quarter Ended June 30, 2024

Commerce Bancshares, Inc. to Report Q2, 2024 Results on Jul 18, 2024

Upcoming dividend of US$0.27 per share

President recently sold €1.4m worth of stock

First quarter 2024 earnings released: EPS: US$0.86 (vs US$0.91 in 1Q 2023)

First quarter dividend of US$0.27 announced

Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock, Payable on June 18, 2024

First quarter 2024 earnings released: EPS: US$0.87 (vs US$0.91 in 1Q 2023)

Commerce Bancshares, Inc., Annual General Meeting, Apr 17, 2024

Non Independent Director recently sold €932k worth of stock

Upcoming dividend of US$0.27 per share

Commerce Bancshares, Inc. to Report Q1, 2024 Results on Apr 16, 2024

Full year 2023 earnings released: EPS: US$3.64 (vs US$3.68 in FY 2022)

Fourth quarter dividend of US$0.27 announced

Commerce Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on March 25, 2024

Full year 2023 earnings released: EPS: US$3.64 (vs US$3.68 in FY 2022)

Commerce Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Commerce Bancshares, Inc. to Report Q4, 2023 Final Results on Jan 18, 2024

Non Independent Executive Chairman recently sold €945k worth of stock

Upcoming dividend of US$0.27 per share at 2.2% yield

Commerce Bancshares, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on December 18, 2023

Third quarter 2023 earnings released: EPS: US$0.96 (vs US$0.97 in 3Q 2022)

Commerce Bancshares, Inc. Reports Net Loan Charge Offs for the Third Quarter Ended September 30, 2023

Commerce Bancshares, Inc.(NasdaqGS:CBSH) dropped from FTSE All-World Index (USD)

Commerce Bancshares, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Insider recently sold €581k worth of stock

Upcoming dividend of US$0.27 per share at 2.2% yield

Commerce Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on September 25, 2023

Second quarter 2023 earnings released: EPS: US$1.03 (vs US$0.91 in 2Q 2022)

Commerce Bancshares, Inc. (NasdaqGS:CBSH) acquired L.J. Hart & Company.

Commerce Bancshares, Inc. to Report Q2, 2023 Results on Jul 19, 2023

Upcoming dividend of US$0.27 per share at 2.2% yield

First quarter 2023 earnings released: EPS: US$0.95 (vs US$0.93 in 1Q 2022)

Senior Vice President recently sold €52k worth of stock

Upcoming dividend of US$0.27 per share at 1.5% yield

President recently sold €1.1m worth of stock

Commerce Bancshares, Inc. Declares Quarterly Dividend, Payable on March 27, 2023

Non Independent Executive Chairman recently sold €1.3m worth of stock

Full year 2022 earnings released: EPS: US$3.86 (vs US$4.12 in FY 2021)

Non Independent Executive Chairman recently sold €204k worth of stock

Commerce Bancshares, Inc. to Report Q4, 2022 Results on Jan 19, 2023

Upcoming dividend of US$0.27 per share

Commerce Bancshares, Inc. Declares Quarterly Dividend on the Company's Common Stock, Payable December 16, 2022

Non Independent Executive Chairman recently sold €711k worth of stock

Third quarter 2022 earnings released: EPS: US$1.03 (vs US$1.00 in 3Q 2021)

Commerce Bancshares, Inc. Reports Net Charge Off for the Third Quarter Ended September 30, 2022

Upcoming dividend of US$0.27 per share

Commerce Bancshares, Inc. Declares Quarterly Dividend, Payable on September 22, 2022

Insider recently bought €340k worth of stock

Commerce Bancshares, Inc. Reports Net Charge Offs for the Second Quarter Ended June 30, 2022

Second quarter 2022 earnings released: EPS: US$0.96 (vs US$1.32 in 2Q 2021)

Insider recently bought €313k worth of stock

Insider recently bought €318k worth of stock

Upcoming dividend of US$0.27 per share

Commerce Bancshares, Inc. Announces Board Changes