Commerce Bancshares Board Authorizes Buyback of Up to 7.5 Million Shares
Commerce Bancshares' board approved a share repurchase authorization that, together with what remains under its April 24, 2026 authorization, allows the Kansas City, Missouri-based bank holding company to buy back up to 7,500,000 shares of its common stock, according to an 8-K filed Tuesday.
The company announced the reauthorization in a press release dated Nov. 3, which it filed as an exhibit to the 8-K.
How the buyback works
Commerce said repurchases may be made from time to time through open-market purchases, privately negotiated transactions or other methods that comply with applicable laws and regulations.
Any buybacks are at the sole discretion of management, the company said, and the timing and actual number of shares repurchased will depend on market pricing and conditions, as well as business, legal, accounting and other considerations.
The program does not obligate Commerce to purchase any particular number of shares, and there is no assurance as to the timing or volume of any repurchases, according to the release. The company may suspend, modify or terminate the program at any time and for any reason without prior notice.
The filing does not say how many shares remained under the April authorization, so the 7,500,000-share figure is the combined ceiling rather than a count of newly approved shares.
About the company
Commerce Bancshares is a regional bank holding company with $34.8 billion in assets as of Sept. 30, 2026, the release said. It offers banking, payment solutions, wealth management and securities brokerage through its subsidiaries, with Commerce Bank as its primary subsidiary.
The company said it operates banking centers, wealth offices and ATMs throughout the Midwest, has commercial offices in 11 states and offers payment solutions nationwide. It also provides financial planning, private banking, investment management and trust services through dedicated wealth offices across the country.
By the numbers
- Total shares authorized for repurchase: up to 7,500,000, including the remainder of the April 24, 2026 authorization
- Total assets: $34.8 billion as of Sept. 30, 2026
- States with commercial offices: 11
Sources
- Commerce Bancshares Form 8-K with press release announcing share repurchase authorization, filed Nov. 3, 2026 (accession 0000022356-26-000211)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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