Item 5. Market for Registrant’s Common Equity
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Commerce Bancshares, Inc.
Common Stock Data
Commerce Bancshares, Inc. common shares are listed on the Nasdaq Global Select Market (NASDAQ) under the symbol CBSH. The Company had 3,156 common shareholders of record as of December 31, 2025. A substantially greater number of holders of the Company's common shares are "street name" or beneficial owners, whose shares of record are held by banks, brokers and other financial institutions.
Performance Graph
The following graph presents a comparison of Company (CBSH) performance to the indices named below. It assumes $100 invested on December 31, 2020 with dividends reinvested on a cumulative total shareholder return basis.
2020 2021 2022 2023 2024 2025
Commerce (CBSH) $ 100.00 $ 111.53 $ 117.78 $ 99.05 $ 123.60 $ 111.04
KBW Nasdaq Regional Banking 100.00 136.65 127.19 126.69 143.37 152.69
S&P 500 100.00 128.68 105.36 133.03 166.18 195.86
The Company has a long history of paying dividends. 2025 marked the 57th consecutive year of growth in our regular common dividend, and the Company has also issued an annual 5% common stock dividend for the past 32 years. However, payment of future dividends is within the discretion of the Board of Directors and will depend, among other factors, on earnings, capital requirements, and the operating and financial condition of the Company. The Board of Directors makes the dividend determination quarterly.
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The following table sets forth information about the Company’s purchases of its $5 par value common stock, its only class of common stock registered pursuant to Section 12 of the Exchange Act of 1934, as amended, during the fourth quarter of 2025.
Period
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Number that May Yet Be Purchased Under the Program
October 1 - 31, 2025 403,070 $53.26 403,070 4,947,345
November 1 - 30, 2025 1,022,860 $53.58 1,022,860 3,924,485
December 1 - 31, 2025 737,764 $52.90 737,764 3,186,721
Total
2,163,694 $53.29 2,163,694 3,186,721
The Company’s stock purchases shown above were made under authorizations by the Board of Directors. Under the most recent authorization in October 2025 of 5,000,000 shares, 3,186,721 shares remained available for purchase at December 31, 2025.
Item 6. RESERVED
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Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.