Commerce Bancshares (CBSH) AGM Elects Directors, Reports $566M Income

AI Summary

At the Commerce Bancshares (CBSH) AGM, shareholders elected four directors to the 2029 class and ratified KPMG as auditor with over 98% approval. The company reported record results for 2025, posting a net income of $566 million and an EPS of $4.04. Additionally, the company returned $200 million through share repurchases and achieved an ROA of 1.79% and ROE of 15.8%. The recently closed acquisition of FineMark brought in $2.7 billion in loans and $2.1 billion in deposits, increasing total assets under administration to over $90 billion.