CBSHMEDIUM SIGNALFINANCIAL10-K

CBSH completed the acquisition of FineMark Holdings in January 2026, expanding its balance sheet while maintaining solid operational cash generation.

The FineMark acquisition represents a meaningful expansion for CBSH, evidenced by the 13 million share increase in outstanding stock and growth in stockholders' equity to $3.8 billion. The integration of FineMark National Bank into CBSH's existing bank subsidiary suggests a strategic consolidation to capture operational synergies and expand market presence.

Comparing 2026-02-24 vs 2025-02-25View on EDGAR →
FINANCIAL ANALYSIS

CBSH's financial profile reflects the impact of the FineMark acquisition, with stockholders' equity growing 14.5% to $3.8 billion while cash reserves declined 35% to $512 million, likely reflecting acquisition funding and integration costs. Operating cash flow improved modestly to $645 million, and the company increased share repurchases by 22% to $208 million, demonstrating continued capital return discipline. The moderate increase in credit loss provisions to $36 million suggests prudent risk management as the loan portfolio expands through the acquisition.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
-34.6%
$782.4M$511.8M

Cash declined 34.6% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Provision for Credit Losses
P&L
+26.3%
$28.1M$35.5M

Loss provisions increased 26.3% — building reserves against anticipated credit deterioration.

Share Buybacks
Cash Flow
+21.8%
$170.5M$207.6M

Share repurchases increased 21.8% — management returning capital, signals confidence in intrinsic value.

Stockholders Equity
Balance Sheet
+14.5%
$3.3B$3.8B

Equity base grew 14.5% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Operating Cash Flow
Cash Flow
+11.6%
$577.9M$645.1M

Operating cash flow grew 11.6% — strong conversion of earnings to cash, healthy business fundamentals.

LANGUAGE CHANGES
NEW — 2026-02-24
PRIOR — 2025-02-25
ADDED
As of February 20, 2026, there were 146,879,273 shares of Registrant s $5 Par Value Common Stock outstanding.
Market for Registrant s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 21 Item 6.
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 145 Item 13.
At December 31, 2025, the Company had consolidated assets of $32.9 billion, loans of $17.8 billion, deposits of $25.6 billion, and equity of $3.8 billion.
On January 1, 2026, the Company completed its acquisition FineMark Holdings, Inc.
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REMOVED
As of February 19, 2025, there were 133,881,257 shares of Registrant s $5 Par Value Common Stock outstanding.
Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 20 Item 6.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 143 Item 13.
At December 31, 2024, the Company had consolidated assets of $32.0 billion, loans of $17.2 billion, deposits of $25.3 billion, and equity of $3.3 billion.
Employees and Human Capital The Company employed 4,537 persons on a full-time basis and 150 persons on a part-time basis at December 31, 2024.
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