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Commerce Bancshares, Inc.NasdaqGS:CBSH Stock Report

Market Cap US$7.6b
Share Price
US$50.98
US$58.56
12.9% undervalued intrinsic discount
1Y-18.4%
7D-1.5%
Portfolio Value
View

Commerce Bancshares, Inc.

NasdaqGS:CBSH Stock Report

Market Cap: US$7.6b

Commerce Bancshares (CBSH) Stock Overview

Operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. More details

CBSH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

CBSH Community Fair Values

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See what 7 others think this stock is worth. Follow their fair value or set your own to get alerts.

Commerce Bancshares, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Commerce Bancshares
Historical stock prices
Current Share PriceUS$50.98
52 Week HighUS$63.19
52 Week LowUS$46.99
Beta0.60
1 Month Change0.99%
3 Month Change-7.16%
1 Year Change-18.43%
3 Year Change18.62%
5 Year Change-18.47%
Change since IPO4,339.12%

Recent News & Updates

Seeking Alpha Apr 11

Commerce Bancshares: Valuation, Not Quality, Is The Problem

Summary Commerce Bancshares remains a 'hold' as valuation remains rich despite operational strength and recent FineMark Holdings acquisition. Key near-term catalyst is Q1 2026 results, with revenue expected to rise materially, driven largely by the FineMark merger. Outstanding asset quality: CBSH boasts a 1.73% return on assets and 14.7% return on equity, surpassing most peers. Cost synergies from FineMark are targeted at $11.9 million annually, but integration costs and dilution temper near-term earnings visibility. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha Apr 11

Commerce Bancshares: Valuation, Not Quality, Is The Problem

Summary Commerce Bancshares remains a 'hold' as valuation remains rich despite operational strength and recent FineMark Holdings acquisition. Key near-term catalyst is Q1 2026 results, with revenue expected to rise materially, driven largely by the FineMark merger. Outstanding asset quality: CBSH boasts a 1.73% return on assets and 14.7% return on equity, surpassing most peers. Cost synergies from FineMark are targeted at $11.9 million annually, but integration costs and dilution temper near-term earnings visibility. Read the full article on Seeking Alpha
Analysis Article Nov 03

Commerce Bancshares (NASDAQ:CBSH) Is Paying Out A Dividend Of $0.275

Commerce Bancshares, Inc. ( NASDAQ:CBSH ) has announced that it will pay a dividend of $0.275 per share on the 15th of...
Analysis Article Jun 16

If EPS Growth Is Important To You, Commerce Bancshares (NASDAQ:CBSH) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Seeking Alpha Mar 16

Commerce Bancshares: A Solid Business At Too High A Price

Summary Commerce Bancshares, despite its high quality and operational diversity, remains expensive compared to peers, justifying my 'hold' rating. The bank's revenue diversification, with only 63% from net interest income, provides stability and higher profits. Recent financial performance shows increased revenue and profits, but the firm saw a slight drop in deposits and slightly higher debt. I would consider buying if shares drop 20-30%, but for now, maintaining a 'hold' rating is prudent. Read the full article on Seeking Alpha
Seeking Alpha Dec 01

Commerce Bancshares: Too Rich For My Blood

Summary Commerce Bancshares has seen improvements in deposits and profitability, but the stock price has risen significantly, making it too expensive to upgrade to a 'buy'. The bank's asset quality remains high, with no delinquent or nonperforming office assets, and a significant increase in cash and reduction in debt. Despite rising net interest income and non-interest income, the high price-to-earnings and price-to-book multiples make the stock less attractive compared to peers. The company's strong financial performance and asset quality justify maintaining a 'hold' rating, as the shares are currently too pricey for a 'buy'. Read the full article on Seeking Alpha
Seeking Alpha Sep 13

Commerce Bancshares: Quality Isn't Coming Cheap

Summary Missouri-based Commerce Bancshares, the holding company for Commerce Bank, has racked up over 50 years of consecutive annual dividend growth, helped by an excellent underlying business. Commerce has an extremely attractive funding profile and, somewhat unusually for a bank of its size, has a relatively diverse revenue mix. Both have helped it generate above-average profitability. At around 15x consensus EPS, Commerce will struggle to generate the 10%-plus annualized returns that most investors look for, albeit performance in line with its historical average looks doable. Read the full article on Seeking Alpha
Seeking Alpha Jul 02

Commerce Bancshares: An Exceptional Bank That Deserves More Attention

Summary Commerce Bancshares, Inc. is a bank holding company with $32 billion in assets, ranking well in profitability and financial strength compared to peers. The bank's diversified revenue streams, focus on asset management and payments, and low Loan to Deposit ratio contribute to its consistent performance. Despite challenges like high interest rates affecting loan demand, Commerce Bancshares has a strong dividend history and potential for future growth, making it a solid long-term investment option. Read the full article on Seeking Alpha
Seeking Alpha Apr 04

Commerce Bancshares: A Great Business But Not A Buy Yet

Summary Commerce Bancshares provides a range of financial products and services to individuals and businesses. The bank has a well-diversified loan portfolio and a significant market share in Kansas City and St. Louis. CBSH has shown steady long-term performance and maintains very good capital levels. The current dividend yield is too low and the price too high. That being said, there's a chance it may be worth adding at some point in the future, so you may want to keep an eye on it. Read the full article on Seeking Alpha

Shareholder Returns

CBSHUS BanksUS Market
7D-1.5%-1.9%2.6%
1Y-18.4%17.2%26.2%

Return vs Industry: CBSH underperformed the US Banks industry which returned 23.1% over the past year.

Return vs Market: CBSH underperformed the US Market which returned 31.1% over the past year.

Price Volatility

Is CBSH's price volatile compared to industry and market?
CBSH volatility
CBSH Average Weekly Movement2.9%
Banks Industry Average Movement3.5%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: CBSH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CBSH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18654,960John Kemperwww.commercebank.com

Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Retail Banking, Commercial, and Wealth. The Retail Banking segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; retail branch network; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards.

Commerce Bancshares, Inc. Fundamentals Summary

How do Commerce Bancshares's earnings and revenue compare to its market cap?
CBSH fundamental statistics
Market capUS$7.56b
Earnings (TTM)US$570.90m
Revenue (TTM)US$1.78b
13.0x
P/E Ratio
1.7x
P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CBSH income statement (TTM)
RevenueUS$1.78b
Cost of RevenueUS$0
Gross ProfitUS$1.78b
Other ExpensesUS$1.21b
EarningsUS$570.90m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.92
Gross Margin100.00%
Net Profit Margin32.04%
Debt/Equity Ratio59.7%

How did CBSH perform over the long term?

See historical performance and comparison

Dividends

2.2%
Current Dividend Yield
26%
Payout Ratio

Does CBSH pay a reliable dividends?

See CBSH dividend history and benchmarks
When do you need to buy CBSH by to receive an upcoming dividend?
Commerce Bancshares dividend dates
Ex Dividend DateJun 05 2026
Dividend Pay DateJun 23 2026
Days until Ex dividend23 days
Days until Dividend pay date41 days

Does CBSH pay a reliable dividends?

See CBSH dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 18:26
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Commerce Bancshares, Inc. is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew KeatingBarclays
Brandon BermanBofA Global Research
null nullD.A. Davidson & Co.