I was on the web and was checking out the Bank Director posting and noted that my previous post was in error related to CBSH. Subsequent Review noted that Bank Director magazine had made an error in their initial compilations and analysis of the Banks. Commerce moved up one position to become America's SIXTH Best Bank. I thought I should note this correction for various discussion board visitors. Also, was very pleased to see Commerce report beating the street estimates for first quarter.
tbp: you lack experience!! have seen your posts on cffn and keep your cheerleading antics on that board. keep your 6% divvy, cbsh looks for appreciation based on fundamentals, record earnings, growth prospects, annual 5% stock dividend and a 1.9% yield. tru_green is here!
I own some CBSH and also some other bank stocks. I have not really checked it out as much as I should have. Are you saying they have a twenty year plan for a 2/1 split and pay an annual div of less than 2%?
Happy Holidays to you and the other Board members.
My comment regarding "experience" relates to the fact that Cap Fed, is basically a home mortgage and consumer finance (auto financing, etc) lender. From my understanding, CapFed does not provide, therefore "lacks" experience related to commercial and business finance services, such as commercial property real estate financing, business startup and expansion financing, equipment financing, inventory financing, credit card processing, cash and receivables management services, etc. Commercial banks, such as Commerce also often times provide trust services, brokerage services, etc. which are fee income items which for many institutions has been a strong source of income and profit growth. CapFed could add these services (many former, now closed building and loans attempted expand into these areas which may have impacted their closure). At present, a CapFed buyer would have to either choose to keep it as is... a savings and loan... or build these other programs from stratch which is a slow and be costly process.