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CBSHCommerce Bancshares, Inc.
$55.04$8.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CBSH logo

Commerce Bancshares, Inc.

CBSH
NASDAQ · Regional Banks
$55.04
At close - Nov 6, 4:00 PM EST - USD
Market Cap$8.02B
P/E13.1x
52W High$60.92
Volume856.64K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Commerce Bancshares Earnings Rebound Meets Thin Margin Constraints

Commerce Bancshares' net interest income has re-accelerated to $308.9M in 2026Q3, up 10.5% year over year, suggesting renewed momentum after two flat years, while non-interest income holds a steady 36-38% share of revenue.

GrowthExpanding
ProfitabilityModerate
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

CBSH price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+12% Peers

P/E is 12% above peer median

03

Market leadership

RS 62 · Avg

Average momentum (RS Rating: 62)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Jan 20

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CBSH+6.94%
S&P 500 (^GSPC)+7.63%
1-Year Return
CBSH+4.66%
S&P 500 (^GSPC)+9.69%
3-Year Return
CBSH+38.92%
S&P 500 (^GSPC)+68.28%
5-Year Return
CBSH-0.96%
S&P 500 (^GSPC)+56.37%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
13.1x
Forward P/EExpansion
13.0x
EV/EBITDA80th %ile
12.2x
FCF YieldCash Flow
15.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
13.1x
16.0x
20th· Low
EV/EBITDA
12.2x
10.8x
80th· High
Price/FCF
6.4x
15.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$45.18-17.9%
Base (Fair)$79.55+44.5%
Bull$123.32+124.1%
$45.18 Bear$79.55 Base$123.32 Bull
Current Market Price: $55.04
Trades at a 30.8% discount to Base DCF ($79.55)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.77B+6.3% YoY
Net income FY25
$566M+7.6% YoY
Free cash flow FY25
$592M+11.4% YoY
Operating margin FY25
41.4%+0.6 pts YoY
ROIC (FY25)8.4%
Avg ROIC 5Y8.3%
ROE (TTM)14.3%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 20, 2026
$1.08+0.9%
vs $1.07
$494M-0.5%
vs $497M
Q3 2026
Jul 16, 2026
$1.10+3.8%
vs $1.06
$499M+1.4%
vs $492M
Q2 2026
Apr 21, 2026
$0.96+16.5%
vs $0.82
$476M-0.5%
vs $478M
Q1 2026
Jan 22, 2026
$1.01+2.0%
vs $0.99
$449M+1.6%
vs $442M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 26, 2026
Best Dividend Kings: October 2026

Dividend Kings have outperformed SPY YTD, rising 13.5% versus SPY's 12.32%, with a strong October rebound. Twenty-six Dividend Kings appear both potentially undervalued and offer long-term annualized expected returns of at least 10%. Dividend growth for the Kings in 2026 averages 4.65%, with recent increases from GRC, NWN, and RPM.

Zacks Investment Research·Oct 22, 2026
Why Commerce Bancshares (CBSH) is a Top Value Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

PYMNTS·Oct 20, 2026
Commerce Bancshares Net Income Rises as Acquisitions Expand Investment Banking and Wealth Services

Commerce Bank parent company Commerce Bancshares increased its net income year over year to $155 million in the third quarter, up from $141.5 million in the same quarter in 2025, thanks in part to its diversified business model, the company said in a Tuesday (Oct. 20) press release.

Zacks Investment Research·Oct 20, 2026
Here's What Key Metrics Tell Us About Commerce (CBSH) Q3 Earnings

Although the revenue and EPS for Commerce (CBSH) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Filtered for Commerce Bancshares, Inc.More Headlines
04

Compare before deciding

Benchmark CBSH against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Commerce Bancshares, Inc. (CBSH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CBSH logoCBSHCommerce Bancshares, Inc.Current
$55.04$8.02B13.116.26%32.56%14.27%1.97%
WTFC logoWTFCWintrust Financial Corporation
$151.27$10.2B11.2011.23%31.57%12.54%1.66%
UMBF logoUMBFUMB Financial Corporation
$133.77$10.16B9.91101.23%36.8%13.15%1.33%
BOKF logoBOKFBOK Financial Corporation
$129.48$7.87B11.629.59%29.56%11.21%1.87%
FULT logoFULTFulton Financial Corporation
$23.76$4.54B11.0611.19%29.66%11.39%3.24%
WSFS logoWSFSWSFS Financial Corporation
$78.94$4.11B12.112.08%29.98%12.42%0.87%

Compare CBSH vs Peers

Commerce Bancshares, Inc. (CBSH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WTFC

Most directly comparable listed peer for CBSH.

Scale Benchmark

vs JPM

Larger-name benchmark to compare CBSH against a more recognizable public peer.

Peer Set

Compare Top 5

vs WTFC, UMBF, BOKF, FULT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CBSH SEC Filings & Documents

Commerce Bancshares, Inc. (CBSH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 3, 2026·SEC

Material company update

Oct 20, 2026·SEC

Material company update

Jul 16, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Nov 5, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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CBSH Frequently Asked Questions

Commerce Bancshares, Inc. (CBSH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Commerce Bancshares, Inc. growing?

Commerce Bancshares, Inc. (CBSH) grew revenue by 5.5% over the trailing twelve months, compared with the twelve months before.

Is CBSH profitable?

Yes. Commerce Bancshares, Inc. (CBSH) earned $597.1M in net income over the trailing twelve months (a 32.6% net margin).

Dividend & Returns
Does CBSH pay dividends?

Yes. Commerce Bancshares, Inc. (CBSH) pays a dividend that yields 1.97% at the current price, a moderate yield.

What is CBSH's return on equity?

Commerce Bancshares, Inc. (CBSH) had a return on equity (ROE) of 14.3% over the trailing twelve months. That is in line with the market's typical 10-15%.

Industry Metrics
What is Commerce Bancshares, Inc.'s net interest margin?

Commerce Bancshares, Inc. (CBSH) has a net interest margin (NIM) of 3.4%. This indicates healthy earnings from lending activities.

What is Commerce Bancshares, Inc.'s efficiency ratio?

Commerce Bancshares, Inc. (CBSH) has an efficiency ratio of 55.4%. This is reasonable for a bank.

What if you invested $1,000 in CBSH back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →