Commerce Bancshares ranks sixth in Bank Director’s RankingBanking study
St. Louis, MO — Commerce Bancshares placed sixth overall on Bank Director’s RankingBanking study, an annual analysis of the largest 300 publicly traded banks by performance, across all asset categories for 2024.
RankingBanking, compiled by Piper Sandler & Co. and sponsored by Crowe LLP, used year-end 2023 data from S&P Global Market Intelligence. To measure the performance of public commercial and savings banks, as defined by S&P, each bank was scored on core return on average assets, core return on average equity, tangible common equity to tangible assets, and nonperforming assets to loans and other real estate owned. The sum of these rankings produced a final score, which placed Commerce sixth on the list of the 25 top-ranked banks overall.
“We are proud to be recognized as one of the top performing U.S. banks by Bank Director, particularly on the heels of a challenging year for the banking industry,” said John Kemper, president and chief executive officer, Commerce Bank. “This recognition reflects our fundamental strength and diversified business model and is evidence of our ability to perform well through economic cycles. We strive every day to make decisions for the long-term and in the best interest of our shareholders, our customers and our team members.”
View the full RankingBanking study.
About Commerce Bank
With $30.6 billion in assets1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. Beyond the Midwest, Commerce also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids and wealth offices in Dallas, Houston and Naples. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial and wealth offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.
Disclosures:
- As of June 30, 2024
