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Commerce Bancshares - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Commerce Bancshares Inc. (ISIN: US2005251036, WKN: 859672) Kursdatum: 27.07.2017 Kurs: 57,830 USD
Beschreibung Daten
Symbol CBSH
Marktkapitalisierung 5.811.857.408,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Banken
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2016-11-30 - 105:100 | 2015-11-24 - 105:100 | 2014-11-25 - 105:100 | 2013-11-26 - 21:20 | 2012-11-28 - 105:100 | 2009-11-25 - 105:100 | 2008-11-12 - 105:100 | 2007-11-27 - 105:100 | 2006-11-27 - 105:100 | 2005-11-25 - 105:100 | 2004-11-24 - 105:100 | 2003-11-25 - 105:100 | 2002-11-26 - 105:100 | 2001-11-28 - 105:100 | 2000-11-28 - 105:100 | 1999-11-26 - 105:100 | 1998-11-25 - 105:100 | 1998-03-31 - 3:2 | 1997-11-25 - 105:100 | 1996-11-26 - 105:100 |
Internet
Letztes Bilanz Update 23.02.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 27.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
14,25 13,44 1,49% 1,02 9,73 22,16 4,90 2,33

Firmenbeschreibung

Firmenstrategie

RevenueRecognitionPolicyTextBlock

SegmentReportingDisclosureTextBlock

Segments

The Company segregates financial information for use in assessing its performance and allocating resources among three operating segments: Consumer, Commercial and Wealth. The Consumer segment includes the consumer portion of the retail branch network (loans, deposits and other personal banking services), indirect and other consumer financing, and consumer debit and credit bank cards. The Commercial segment provides corporate lending (including the Small Business Banking product line within the branch network), leasing, international services, and business, government deposit, and related commercial cash management services, as well as merchant and commercial bank card products. The Commercial segment also includes the Capital Markets Group, which sells fixed income securities and provides investment safekeeping and bond accounting services. The Wealth segment provides traditional trust and estate tax planning, advisory and discretionary investment management, and brokerage services, and includes the Private Banking product portfolio.

Effective January 1, 2015, certain personal real estate loans, which are held for investment and totaled approximately $340 million, were removed from the Consumer segment. These loans were transferred to the "Other/Elimination" category, outside of segment totals. Management's performance evaluation of the residential mortgage business within the Consumer segment is based on originations and sales of mortgages and the related fees. Information for prior periods presented below have been revised to reflect the transfer of the held for investment loans and their related income and expense, in order to provide comparable data.

The Company’s business line reporting system derives segment information from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. This information is based on internal management accounting procedures and methods, which have been developed to reflect the underlying economics of the businesses. These methodologies are applied in connection with funds transfer pricing and assignment of overhead costs among segments. Funds transfer pricing was used in the determination of net interest income by assigning a standard cost (credit) for funds used (provided) by assets and liabilities based on their maturity, prepayment and/or repricing characteristics. Income and expense that directly relate to segment operations are recorded in the segment when incurred. Expenses that indirectly support the segments are allocated based on the most appropriate method available.


The Company uses a funds transfer pricing method to value funds used (e.g., loans, fixed assets, and cash) and funds provided (e.g., deposits, borrowings, and equity) by the business segments and their components. This process assigns a specific value to each new source or use of funds with a maturity, based on current swap rates, thus determining an interest spread at the time of the transaction. Non-maturity assets and liabilities are valued using weighted average pools. The funds transfer pricing process attempts to remove interest rate risk from valuation, allowing management to compare profitability under various rate environments.


The following tables present selected financial information by segment and reconciliations of combined segment totals to consolidated totals. There were no material intersegment revenues between the three segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. If appropriate, these changes are reflected in prior year information presented below.


Segment Income Statement Data

EarningsPerSharePolicyTextBlock

Income per Share

Basic income per share is computed using the weighted average number of common shares outstanding during each year. Diluted income per share includes the effect of all dilutive potential common shares (primarily stock options and stock appreciation rights) outstanding during each year. The Company applies the two-class method of computing income per share. The two-class method is an earnings allocation formula that determines income per share for common stock and for participating securities, according to dividends declared and participation rights in undistributed earnings. The Company’s restricted share awards are considered to be a class of participating security. All per share data has been restated to reflect the 5% stock dividend distributed in December 2015.

(In thousands)
Consumer
Commercial
Wealth
Segment Totals
Other/Elimination
Consolidated Totals
Year ended December 31, 2015:
 
 
 
 
 
 
Net interest income
$
266,328

$
296,466

$
42,653

$
605,447

$
28,873

$
634,320

Provision for loan losses
(34,864
)
1,032

75

(33,757
)
5,030

(28,727
)
Non-interest income
119,558

194,131

136,374

450,063

(2,508
)
447,555

Investment securities gains, net




6,320

6,320

Non-interest expense
(273,323
)
(267,521
)
(108,755
)
(649,599
)
(26,304
)
(675,903
)
Income before income taxes
$
77,699

$
224,108

$
70,347

$
372,154

$
11,411

$
383,565

Year ended December 31, 2014:
 
 
 
 
 
 
Net interest income
$
264,974

$
287,244

$
40,128

$
592,346

$
27,858

$
620,204

Provision for loan losses
(34,913
)
559

372

(33,982
)
4,451

(29,531
)
Non-interest income
113,869

190,538

128,238

432,645

3,333

435,978

Investment securities gains, net




14,124

14,124

Non-interest expense
(263,521
)
(254,121
)
(98,821
)
(616,463
)
(39,879
)
(656,342
)
Income before income taxes
$
80,409

$
224,220

$
69,917

$
374,546

$
9,887

$
384,433

Year ended December 31, 2013:
 
 
 
 
 
 
Net interest income
$
262,579

$
280,121

$
40,185

$
582,885

$
36,487

$
619,372

Provision for loan losses
(33,943
)
3,772