Commerce Bancshares authorized a share repurchase program that allows the company to buy back up to 5 million shares of its common stock. The new authorization combines the remaining capacity from a prior program approved on April 17 2024.
The program permits repurchases through open‑market purchases, private negotiations, or other compliant methods. The board emphasized that the program does not obligate the company to purchase any specific number of shares and that the timing and amount will depend on market conditions, business considerations, and regulatory requirements.
The approval follows Commerce Bancshares’ recent financial performance, including a Q3 2024 earnings per share of $1.07 and net income of $138 million. The company’s asset base stood at $32.3 billion as of September 30 2025, and its market capitalization was approximately $7 billion.
The share repurchase program is part of the company’s broader capital allocation strategy, which also includes a quarterly cash dividend of $0.275 per share and a 5 % common‑stock dividend. The program is intended to return capital to shareholders, support earnings per share, and manage share dilution from stock‑based compensation.
Commerce Bancshares is also in the process of acquiring FineMark Holdings, Inc. in an all‑stock transaction valued at approximately $585 million, expected to close on January 1 2026. The acquisition is expected to strengthen the company’s wealth‑management business.
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