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.
No risks detected for CBSH from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has Commerce Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CBSH has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CBSH exceeded the US Banks industry which returned -28.7% over the past year.
Return vs Market: CBSH exceeded the US Market which returned 3.7% over the past year.
Price Volatility Vs. Market
How volatile is Commerce Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StWhat Type Of Shareholder Owns Commerce Bancshares, Inc.'s (NASDAQ:CBSH)?
3 weeks ago | Simply Wall StCommerce Bancshares, Inc. Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next
1 month ago | Simply Wall StDespite Its High P/E Ratio, Is Commerce Bancshares, Inc. (NASDAQ:CBSH) Still Undervalued?
Is Commerce Bancshares undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CBSH ($59.51) is trading above our estimate of fair value ($46.26)
Significantly Below Fair Value: CBSH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CBSH is poor value based on its PE Ratio (18.5x) compared to the Banks industry average (9.3x).
PE vs Market: CBSH is poor value based on its PE Ratio (18.5x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: CBSH is poor value based on its PEG Ratio (36x)
Price to Book Ratio
PB vs Industry: CBSH is overvalued based on its PB Ratio (2.1x) compared to the US Banks industry average (0.8x).
How is Commerce Bancshares forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CBSH's forecast earnings growth (0.5% per year) is below the savings rate (2.2%).
Earnings vs Market: CBSH's earnings (0.5% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: CBSH's earnings are forecast to grow, but not significantly.
Revenue vs Market: CBSH's revenue (2.9% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: CBSH's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CBSH's Return on Equity is forecast to be low in 3 years time (10.4%).
How has Commerce Bancshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CBSH has high quality earnings.
Growing Profit Margin: CBSH's current net profit margins (29.3%) are lower than last year (32.4%).
Past Earnings Growth Analysis
Earnings Trend: CBSH's earnings have grown by 12.8% per year over the past 5 years.
Accelerating Growth: CBSH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CBSH had negative earnings growth (-12.7%) over the past year, making it difficult to compare to the Banks industry average (2.9%).
Return on Equity
High ROE: CBSH's Return on Equity (11.5%) is considered low.
How is Commerce Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: CBSH's Assets to Equity ratio (8.2x) is low.
Allowance for Bad Loans: CBSH has a sufficient allowance for bad loans (1614%).
Low Risk Liabilities: 88% of CBSH's liabilities are made up of primarily low risk sources of funding.
Loan Level: CBSH has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: CBSH's Loans to Deposits ratio (72%) is appropriate.
Level of Bad Loans: CBSH has an appropriate level of bad loans (0.1%).
What is Commerce Bancshares's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CBSH's dividend (1.81%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: CBSH's dividend (1.81%) is low compared to the top 25% of dividend payers in the US market (4.73%).
Stability and Growth of Payments
Stable Dividend: CBSH's dividends per share have been stable in the past 10 years.
Growing Dividend: CBSH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.4%), CBSH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CBSH's dividends in 3 years are forecast to be well covered by earnings (38.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Kemper (41yo)
Mr. John W. Kemper has been Chairman and Chief Executive Officer of Commerce Bank since August 2018 and has been Chief Executive Officer of Commerce Bancshares, Inc. since August 01, 2018. He was the Presi ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD3.69M) is below average for companies of similar size in the US market ($USD7.43M).
Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive Chairman||28.5yrs||US$2.15m||1.18% $78.2m|
|Executive VP & CFO||10.83yrs||US$1.41m||0.092% $6.1m|
|Executive Vice President of Commercial Line of Business||15.08yrs||US$1.41m||0.10% $6.7m|
|Executive Vice President||2.33yrs||US$1.12m||0.042% $2.8m|
|Controller & Chief Accounting Officer||1.08yrs||no data||0.0050% $332.5k|
|Senior VP & Chief Information Officer||3.58yrs||no data||0.019% $1.3m|
|Executive Vice President of Talent & Corporate Administration||8.25yrs||no data||0.046% $3.1m|
|Senior VP||no data||no data||no data|
|Vice President||no data||no data||no data|
Experienced Management: CBSH's management team is considered experienced (3 years average tenure).
|Executive Chairman||28.5yrs||US$2.15m||1.18% $78.2m|
|Independent Director||36.92yrs||US$101.00k||0.028% $1.9m|
|Lead Independent Director||2.33yrs||US$111.00k||0.051% $3.4m|
|Independent Director||20.33yrs||US$104.00k||0.0082% $541.6k|
|Independent Director||22.75yrs||US$115.00k||0.034% $2.2m|
|Independent Director||10.08yrs||US$96.50k||0.013% $879.4k|
|Independent Director||13.25yrs||US$104.00k||0.017% $1.1m|
|Independent Director||10.08yrs||US$112.00k||0.015% $991.6k|
Experienced Board: CBSH's board of directors are seasoned and experienced ( 16.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CBSH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Commerce Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Commerce Bancshares, Inc.
- Ticker: CBSH
- Exchange: NasdaqGS
- Founded: 1865
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$6.637b
- Shares outstanding: 111.53m
- Website: https://www.commercebank.com
Number of Employees
- Commerce Bancshares, Inc.
- 1000 Walnut
- Kansas City
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CBSH||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1969|
|CB5||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
|CBSH.P||NasdaqGS (Nasdaq Global Select)||DEP SHS RP PFD B||US||USD||Jun 2014|
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. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer 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; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards, as well as provides online banking services. The Commercial segment provides corporate lending, merchant and commercial bank card, leasing, international, and investment safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed-income securities to individuals, corporations, correspondent banks, public institutions, and municipalities. The Wealth segment provides traditional trust and estate planning services, brokerage services, and advisory and discretionary investment management services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, and insurance agency services. It operates through a network of 316 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/26 01:52|
|End of Day Share Price||2020/05/22 00:00|