Commerce Bancshares Inc. (NASDAQ: CBSH) announced its board of directors approved an increase to the company's share repurchase authorization, adding 2.5 million shares of common stock to the program.

The Kansas City-based bank holding company now has authorization to repurchase up to 7.5 million total shares when combined with shares remaining under the prior authorization as of October 31, 2025.

The company stated the expanded authorization reflects the board's focus on disciplined capital management and commitment to creating shareholder value while maintaining financial flexibility for strategic priorities.

Repurchases under the program may be conducted through open market purchases, privately negotiated transactions, or other methods in compliance with applicable laws and regulations. The timing and number of shares repurchased will depend on market conditions, business considerations, and other factors at management's discretion.

The share repurchase program does not require Commerce to purchase any specific number of shares, and the company provided no assurance regarding timing or volume of repurchases. The program may be suspended, modified, or terminated at any time without notice.

Commerce Bancshares operates as a regional bank holding company with $35.7 billion in assets as of March 31, 2026. The company offers banking, payment solutions, wealth management and securities brokerage services through its subsidiaries, maintaining banking centers and offices throughout the Midwest and commercial offices in 11 states.