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Stock Market & Financial Investment News

News Breaks
February 8, 2013
13:55 EDTCBSHCommerce Bancshares names John W. Kemper as President and COO
Since joining Commerce in 2007, John Kemper has served in a number of roles, leading bank strategy and M&A overseeing the bank's credit card businesses; and serving as chairman of Capital for Business, the bank's private equity subsidiary. Most recently, as Commerce Bancshares' chief administrative officer, he assumed overall responsibility for bank credit and non-credit risk, legal, compliance and human resources. Prior to joining Commerce, John Kemper worked as an engagement manager with the New York and Chicago offices of McKinsey & Co., a consultancy.
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October 15, 2014
07:05 EDTCBSHCommerce Bancshares reports Q3 EPS 72c, consensus 71c
Reports Q3 return on average assets 1.2%, Q3 return on average equity 12.3%. For the current quarter, the return on average assets totaled 1.20%, the return on average common equity was 12.3%, and the efficiency ratio was 60.6%. Net loan charge-offs for the current quarter totaled $7.7 million, compared to $7.6 million in the previous quarter. During the current quarter, the provision for loan losses totaled $7.7 million and matched net loan charge-offs. Total assets at September 30, 2014 were $22.7 billion, total loans were $11.4 billion, and total deposits were $18.6 billion.
October 14, 2014
15:29 EDTCBSHNotable companies reporting before tomorrow's open
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