Commerce Bancshares Management

Management criteria checks 4/4

Commerce Bancshares' CEO is John Kemper, appointed in Feb 2013, has a tenure of 11.75 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 $14.22M. The average tenure of the management team and the board of directors is 9.6 years and 10.5 years respectively.

Key information

John Kemper

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	21.8%
CEO tenure	11.8yrs
CEO ownership	0.2%
Management average tenure	9.6yrs
Board average tenure	10.5yrs

Recent management updates

Recent updates

Commerce Bancshares, Inc. (NASDAQ:CBSH) Yearly Results: Here's What Analysts Are Forecasting For This Year

Jan 21

Commerce Bancshares: Deterioration Continues

Jan 12

Commerce Bancshares (NASDAQ:CBSH) Has Affirmed Its Dividend Of $0.27

Nov 03

Commerce Bancshares (NASDAQ:CBSH) Is Due To Pay A Dividend Of $0.27

Aug 29

Commerce Bancshares (NASDAQ:CBSH) Has Affirmed Its Dividend Of $0.27

Aug 03

Commerce Bancshares (NASDAQ:CBSH) Will Pay A Larger Dividend Than Last Year At $0.27

May 28

Commerce Bancshares' (NASDAQ:CBSH) Dividend Will Be Increased To $0.27

Feb 09

Commerce Bancshares (NASDAQ:CBSH) Is Paying Out A Dividend Of $0.265

Nov 03

Commerce Bancshares GAAP EPS of $1.02 misses by $0.01, revenue of $384.89M beats by $1.31M

Oct 18

Commerce Bancshares (NASDAQ:CBSH) Has Announced A Dividend Of $0.265

Aug 25

Commerce Bancshares: Topline Outlook Is Rosy But Stock Appears Overvalued

Aug 12

Commerce Bancshares (NASDAQ:CBSH) Is Paying Out A Dividend Of $0.265

Aug 11

Commerce Bancshares declares $0.265 dividend

Aug 05

Commerce Bancshares (NASDAQ:CBSH) Has Re-Affirmed Its Dividend Of US$0.27

May 19

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
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 ($USD4.72M) is below average for companies of similar size in the US market ($USD7.94M).

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

CEO

John Kemper (46 yo)

11.8yrs

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	11.8yrs	US$4.72m	0.15% $ 14.2m
Charles Kim	Executive VP & CFO	15.3yrs	US$1.53m	0.11% $ 9.8m
Kevin Barth	Executive Vice President	19.6yrs	US$1.50m	0.11% $ 10.3m
Robert Holmes	Executive Vice President	9.6yrs	US$1.14m	0.039% $ 3.6m
John Handy	Executive VP and President & CEO of Commerce Trust Company	1.2yrs	US$1.33m	0.043% $ 3.9m
David Kemper	Executive Chairman	42.8yrs	US$1.28m	1.05% $ 96.5m
David Roller	Senior VP & Chief Information Officer	no data	no data	0.026% $ 2.4m
Matthew Burkemper	Director of Finance	no data	no data	no data
Margaret Rowe	Senior VP	no data	no data	0.015% $ 1.4m
Douglas Neff	Senior Vice President	5.8yrs	no data	0.0068% $ 622.5k
Patricia Kellerhals	Senior Vice President	8.8yrs	no data	0.017% $ 1.6m
Paula Petersen	Executive Vice President	12.7yrs	no data	0.030% $ 2.8m

9.6yrs

Average Tenure

60yo

Average Age

Experienced Management: CBSH's management team is seasoned and experienced (9.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Kemper	President	9.2yrs	US$4.72m	0.15% $ 14.2m
David Kemper	Executive Chairman	42.8yrs	US$1.28m	1.05% $ 96.5m
Jonathan Kemper	Non Independent Director	27.8yrs	US$1.82m	1.07% $ 98.8m
Terry Bassham	Independent Non-Employee Director	11.8yrs	US$137.00k	0.017% $ 1.6m
Benjamin Rassieur	Independent Non-Employee Director	27.3yrs	US$140.00k	0.027% $ 2.5m
Todd Schnuck	Independent Non-Employee Director	14.6yrs	US$129.00k	0.020% $ 1.9m
Karen Daniel	Independent Non-Employee Director	6.8yrs	US$129.00k	0.010% $ 923.6k
June Fowler	Independent Director	2.6yrs	US$126.00k	0.0023% $ 209.9k
Earl Devanny	Lead Independent Director	14.6yrs	US$136.00k	0.022% $ 2.1m
Christine Taylor-Broughton	Independent Director	2.6yrs	US$126.00k	0.0038% $ 352.7k
Blackford Brauer	Independent Director	2.5yrs	US$129.00k	0.029% $ 2.7m
W. Chapman	Independent Director	2.5yrs	US$126.00k	0.0037% $ 339.8k

10.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CBSH's board of directors are seasoned and experienced ( 10.5 years average tenure).

Commerce Bancshares Management

Management criteria checks 4/4

Key information

Recent management updates

Executive Chairman recently sold US$1.9m worth of stock

Executive Vice President recently sold US$1.1m worth of stock

Non Independent Director recently sold US$1.2m worth of stock

President recently sold US$1.5m worth of stock

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

Non Independent Director recently sold US$1.0m worth of stock

Recent updates

Commerce Bancshares (NASDAQ:CBSH) Is Due To Pay A Dividend Of $0.27

Third quarter dividend of US$0.27 announced

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

Executive Chairman recently sold US$1.9m worth of stock

New major risk - Revenue and earnings growth

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Commerce Bancshares: Quality Isn't Coming Cheap

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

Upcoming dividend of US$0.27 per share

Executive Vice President recently sold US$1.1m worth of stock

Commerce Bancshares (NASDAQ:CBSH) Is Due To Pay A Dividend Of $0.27

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 US$1.2m worth of stock

Price target increased by 8.4% to US$63.69

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 10%

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

Commerce Bancshares: An Exceptional Bank That Deserves More Attention

Upcoming dividend of US$0.27 per share

Commerce Bancshares (NASDAQ:CBSH) Will Pay A Dividend Of $0.27

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

President recently sold US$1.5m worth of stock

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 15%

Commerce Bancshares (NASDAQ:CBSH) Will Pay A Dividend Of $0.27

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: EPS and revenues exceed analyst expectations

Commerce Bancshares: A Great Business But Not A Buy Yet

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

Non Independent Director recently sold US$1.0m worth of stock

Upcoming dividend of US$0.27 per share

Commerce Bancshares' (NASDAQ:CBSH) Dividend Will Be $0.27

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

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Commerce Bancshares (NASDAQ:CBSH) Will Pay A Dividend Of $0.27

Fourth quarter dividend of US$0.27 announced

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

Commerce Bancshares, Inc. (NASDAQ:CBSH) Yearly Results: Here's What Analysts Are Forecasting For This Year

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

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

Price target increased by 7.0% to US$53.09

Commerce Bancshares: Deterioration Continues

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

Non Independent Executive Chairman recently sold US$1.0m worth of stock

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

Commerce Bancshares (NASDAQ:CBSH) Has Affirmed Its Dividend Of $0.27

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

Third quarter 2023 earnings: EPS exceeds analyst expectations

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

Commerce Bancshares (NASDAQ:CBSH) Is Due To Pay A Dividend Of $0.27

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

Commerce Bancshares (NASDAQ:CBSH) Has Affirmed Its Dividend Of $0.27

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

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Commerce Bancshares (NASDAQ:CBSH) Will Pay A Larger Dividend Than Last Year At $0.27

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: EPS exceeds analyst expectations

Price target decreased by 8.8% to US$62.00

Senior Vice President recently sold US$56k worth of stock

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

Commerce Bancshares' (NASDAQ:CBSH) Dividend Will Be Increased To $0.27

Now 21% undervalued after recent price drop