Commerce Bancshares Management

Management criteria checks 3/4

Commerce Bancshares' CEO is John Kemper, appointed in Feb 2013, has a tenure of 11.17 years. total yearly compensation is $4.72M, comprised of 21.8% salary and 78.2% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth €11.63M. The average tenure of the management team and the board of directors is 7.7 years and 9.9 years respectively.

Key information

John Kemper

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	21.8%
CEO tenure	11.2yrs
CEO ownership	0.2%
Management average tenure	7.7yrs
Board average tenure	9.9yrs

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
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
Sep 30 2018	n/a	n/a	US$405m
Jun 30 2018	n/a	n/a	US$367m
Mar 31 2018	n/a	n/a	US$336m
Dec 31 2017	US$3m	US$605k	US$307m

Compensation vs Market: John's total compensation ($USD4.72M) is above average for companies of similar size in the German market ($USD3.42M).

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

CEO

John Kemper (45 yo)

11.2yrs

Tenure

US$4,721,639

Compensation

Mr. John W. Kemper has been Chairman and Chief Executive Officer of Commerce Bank since August 2018 and has been Chief Executive Officer of Commerce Bancshares, Inc. since August 01, 2018. He is the Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Kemper	President	11.2yrs	US$4.72m	0.17% $ 11.6m
Charles Kim	Executive VP & CFO	14.8yrs	US$1.53m	0.10% $ 7.0m
Kevin Barth	Executive Vice President	19yrs	US$1.50m	0.12% $ 8.2m
Robert Holmes	Executive Vice President	9yrs	US$1.14m	0.039% $ 2.6m
John Handy	Executive VP and President & CEO of Commerce Trust Company	less than a year	US$1.33m	0.051% $ 3.4m
David Kemper	Non Independent Executive Chairman	42.2yrs	US$1.28m	1.06% $ 71.0m
Paul Steiner	Controller & Chief Accounting Officer	5yrs	no data	0.0083% $ 559.0k
David Roller	Senior VP & Chief Information Officer	no data	no data	0.025% $ 1.7m
Margaret Rowe	Secretary	no data	no data	no data
Susan Bergen-Painter	Executive Vice President and Corporate Marketing Director	7.7yrs	no data	no data
Nichole Goddard	Regional Retail Banking Manager of Southwest Region & Executive VP - Commerce Bank	no data	no data	no data
Douglas Neff	Senior Vice President	5.3yrs	no data	0.0067% $ 447.7k

7.7yrs

Average Tenure

56.5yo

Average Age

Experienced Management: CB5's management team is seasoned and experienced (7.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Kemper	President	8.6yrs	US$4.72m	0.17% $ 11.6m
David Kemper	Non Independent Executive Chairman	42.2yrs	US$1.28m	1.06% $ 71.0m
Jonathan Kemper	Non Independent Director	27.2yrs	US$1.82m	1.07% $ 71.9m
Terry Bassham	Independent Non-Employee Director	11.2yrs	US$112.00k	0.017% $ 1.1m
Benjamin Rassieur	Independent Non-Employee Director	26.7yrs	US$115.00k	0.026% $ 1.8m
Todd Schnuck	Independent Non-Employee Director	14yrs	US$129.00k	0.019% $ 1.3m
Karen Daniel	Independent Non-Employee Director	6.3yrs	US$129.00k	0.0094% $ 630.1k
June Fowler	Independent Director	2yrs	US$75.00k	0.0030% $ 198.4k
Earl Devanny	Lead Independent Director	14yrs	US$136.00k	0.022% $ 1.5m
Christine Taylor-Broughton	Independent Director	2yrs	US$126.00k	0.0033% $ 221.2k
Blackford Brauer	Independent Director	1.9yrs	US$129.00k	0.029% $ 1.9m
W. Chapman	Independent Director	1.9yrs	US$126.00k	0.0032% $ 212.5k

9.9yrs

Average Tenure

64.5yo

Average Age

Experienced Board: CB5's board of directors are considered experienced (9.9 years average tenure).

Commerce Bancshares Management

Management criteria checks 3/4

Key information

Recent management updates

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

Insider recently sold €581k worth of stock

Senior Vice President recently sold €52k worth of stock

President recently sold €1.1m worth of stock

Recent updates

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

First quarter 2022 earnings released: EPS: US$0.97 (vs US$1.06 in 1Q 2021)

Commerce Bancshares, Inc. Announces Retainment of Andrew C. Taylor as Chairman of the Committee on Governance/Directors and A Member of the Executive Committee

First quarter 2022 earnings released: EPS: US$0.97 (vs US$1.06 in 1Q 2021)

Commerce Bancshares, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on June 22, 2022

Commerce Bancshares, Inc. Announces Net Loan Charge-Offs for the First Quarter of 2022

Commerce Bancshares Announces Executive Changes

Executive VP & CFO recently sold €711k worth of stock

Chairman of Commerce Trust Company recently sold €200k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.27 per share

Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock, Payable on March 23, 2022

Non Independent Executive Chairman recently sold €577k worth of stock

Commerce Bancshares, Inc. Announces Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2021

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Insider recently sold €79k worth of stock

Upcoming dividend of US$0.26 per share

Chairman of Commerce Trust Company recently sold €134k worth of stock

Third quarter 2021 earnings released: EPS US$1.05 (vs US$1.07 in 3Q 2020)