Commerce Bancshares approves buyback of up to 7.5 million shares
Commerce Bancshares' board approved a repurchase of up to 7,500,000 total shares of common stock, combined with the amount remaining from a prior authorization on April 24, 2026.
Key takeaways
- Commerce Bancshares (CBSH) said on Nov. 3 its board of directors approved a share repurchase of up to 7,500,000 total shares of common stock, combined with the amount remaining from a prior authorization on April 24, 2026. The company announced the program in a press release dated Nov. 3, 2026.
Commerce Bancshares (CBSH) said on Nov. 3 that its board of directors approved a share repurchase of up to 7,500,000 total shares of its common stock, according to a regulatory filing.
Shares were little changed in regular trading as of 2:36 p.m. ET on Nov. 3, at $55.92.
The approval combines the new shares with the amount remaining from a prior repurchase authorization on April 24, 2026.
The company announced the program in a press release dated Nov. 3, 2026. The release is filed as an exhibit to the regulatory filing.
The program is a continuation of the company's capital return activity. Earlier, on Oct. 20, the company reported third-quarter profit of $155.0 million, up from $141.5 million a year earlier, in its quarterly results.
The filing shows the company's full-time equivalent employees totaled 4,969 at Sept. 30, compared with 4,976 at June 30 and 4,666 a year earlier.
Shares were last traded at $56.02 in the regular session on Nov. 3, before the filing was made public.