COMMERCE BANCSHARES INC /MO/ (CBSH) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CBSH currently has 146M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 15.16% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 12, 2026 |
8-K filing: Commerce Bancshares, Inc. participated in a Visa Inc. exchange offer, resulting in a $99 million pre-tax gain, and announced plans to sell $911 million in debt securities to reinvest in higher-yielding assets. |
150M | 0 |
| May 07, 2026 |
10-Q filing | 145.8M shares outstanding |
150M | 0 |
| Nov 10, 2025 |
10-Q filing | 132.5M shares outstanding |
130M | 0 |
| Nov 04, 2025 |
8-K filing: The Company's Board of Directors approved the repurchase of up to 5,000,000 total shares of the Company's common stock through its share repurchase program. |
130M | 0 |
| Aug 06, 2025 |
10-Q filing | 132.6M shares outstanding |
130M | 0 |
| Jun 17, 2025 |
8-K filing: Commerce Bancshares, Inc. entered into an Agreement and Plan of Merger with CBI-Kansas, Inc. and FineMark Holdings, Inc., where FineMark will merge with and into CBI-Kansas, with each share of FineMark Common Stock converted into the right to receive 0.690 of a share of Commerce Common Stock and cash in lieu of fractional shares. |
130M | 0 |
| May 06, 2025 |
10-Q filing | 133.1M shares outstanding |
130M | 0 |
| Feb 25, 2025 |
10-K filing | 134.5M shares outstanding |
130M | 0 |
| Nov 06, 2024 |
10-Q filing | 128.0M shares outstanding |
130M | 0 |
| Aug 06, 2024 |
10-Q filing | 128.6M shares outstanding |
130M | 0 |
| May 08, 2024 |
10-Q filing | 129.2M shares outstanding |
130M | 0 |
| Apr 18, 2024 |
8-K filing: On April 18, 2024, the company announced the Board of Directors's approval to repurchase up to 5,000,000 shares of the company's common stock through its share repurchase program, in combination with the amount remaining from the prior authorization on April 20, 2022. |
130M | 0 |
| Feb 22, 2024 |
10-K filing | 129.9M shares outstanding |
130M | 0 |
| Nov 06, 2023 |
10-Q filing | 123.8M shares outstanding |
120M | 0 |
| Aug 04, 2023 |
10-Q filing | 124.0M shares outstanding |
120M | 0 |
| May 04, 2023 |
10-Q filing | 124.3M shares outstanding |
120M | 0 |
| Feb 22, 2023 |
10-K filing | 125.3M shares outstanding |
130M | 0 |
| Nov 04, 2022 |
10-Q filing | 119.2M shares outstanding |
120M | 0 |
| Aug 05, 2022 |
10-Q filing | 119.9M shares outstanding |
120M | 0 |
| May 05, 2022 |
10-Q filing | 120.6M shares outstanding |
120M | 0 |
| Feb 23, 2022 |
10-K filing | 121.7M shares outstanding |
120M | 0 |
| Nov 05, 2021 |
10-Q filing | 116.1M shares outstanding |
120M | 0 |
| Aug 05, 2021 |
10-Q filing | 116.5M shares outstanding |
120M | 0 |
| May 06, 2021 |
10-Q filing | 116.6M shares outstanding |
120M | 0 |
| Feb 24, 2021 |
10-K filing | 116.6M shares outstanding |
120M | 0 |
| Nov 05, 2020 |
10-Q filing | 110.9M shares outstanding |
110M | 0 |
| Sep 02, 2020 |
8-K filing: Commerce Bancshares, Inc. amended its Articles of Incorporation to terminate the Certificate of Designation of 6.00% Series B Non-Cumulative Perpetual Preferred Stock and redeemed all 6,000 outstanding shares of its Series B Preferred Stock and the corresponding 6,000,000 depositary shares representing fractional interests in the Series B Preferred Stock. ($0.15M proceeds) |
110M | 0 |
| Aug 06, 2020 |
10-Q filing | 110.9M shares outstanding |
110M | 0 |
| May 11, 2020 |
10-Q filing | 111.4M shares outstanding |
110M | 0 |
| Feb 25, 2020 |
10-K filing | 113.8M shares outstanding |
110M | 0 |