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CBSHCommerce Bancshares, Inc.
$55.59$8.1B
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
$55.59
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$8.1B
P/E13.6x
52W High$60.92
Volume969.81K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Resilient Fee Income Offsets Securities Portfolio Volatility

Commerce Bancshares demonstrates a robust organic growth profile, evidenced by an 11.4% year-over-year increase in net interest income as of 2026Q1. While the bank maintains a disciplined efficiency ratio between 44.2% and 49.8%, investors should monitor the s...

GrowthExpanding
ProfitabilityStrong
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

In Line

P/E is in line with peer median

03

Market leadership

RS 64 · Avg

Average momentum (RS Rating: 64)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 16

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CBSH+7.99%
S&P 500 (^GSPC)+12.39%
1-Year Return
CBSH-3.34%
S&P 500 (^GSPC)+15.77%
3-Year Return
CBSH+35.32%
S&P 500 (^GSPC)+75.14%
5-Year Return
CBSH+8.10%
S&P 500 (^GSPC)+69.40%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
13.6x
Forward P/EExpansion
13.1x
EV/EBITDA80th %ile
13.4x
FCF YieldCash Flow
7.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
13.6x
16.0x
20th· Low
EV/EBITDA
13.4x
10.8x
80th· High
Price/FCF
13.7x
15.7x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$42.34-23.8%
Base (Fair)$74.51+30.5%
Bull$115.38+107.6%
$42.34 Bear$74.51 Base$115.38 Bull
Current Market Price: $55.59
Trades at a 25.4% discount to Base DCF ($74.51)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.77B+6.3% YoY
Net income
$566M+7.6% YoY
Free cash flow
$592M+11.4% YoY
Operating margin
34.2%+1.7 pts YoY
ROIC (TTM)8.4%
Avg ROIC 5Y-
ROE (TTM)15.8%
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 Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Q4 2025
Oct 16, 2025
$1.06+1.9%
vs $1.04
$449M+0.3%
vs $448M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·5d ago
The Dividend Kings Ranked By Quality Scores (September 2026)

Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank the Dividend Kings using my 9F Quality Scores, blending qualitative and quantitative factors for a robust, investment-grade assessment. ADP stands out as the best total-return candidate. It is undervalued, high-quality, and offering a strong projected dividend growth rate and Adjusted Chowder Number.

Defense World·Sep 15, 2026
California State Teachers Retirement System Buys 8,894,384 Shares of Commerce Bancshares, Inc. $CBSH

California State Teachers Retirement System lifted its stake in shares of Commerce Bancshares, Inc. (NASDAQ: CBSH) by 5,296.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,062,303 shares of the financial services provider's stock after acquiring an additional 8,894,384 shares

Defense World·Sep 10, 2026
Financial Comparison: Commerce Bancshares (NASDAQ:CBSH) versus Merchants Bancorp (NASDAQ:MBIN)

Merchants Bancorp (NASDAQ: MBIN - Get Free Report) and Commerce Bancshares (NASDAQ: CBSH - Get Free Report) are both mid-cap finance companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, earnings, valuation, profitability, dividends, institutional ownership and analyst recommendations. Profitability This table compares Merchants Bancorp and

Zacks Investment Research·Sep 8, 2026
Will CBSH's Expansion Initiatives Accelerate Top-Line Growth?

Common Bancshares's expansion is broadening its revenue base as loan growth lifts NII and acquisitions expand wealth management and investment banking.

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
$55.59$8.1B13.636.26%26.46%15.85%1.95%
WTFC logoWTFCWintrust Financial Corporation
$143.71$9.69B12.4311.23%20.11%11.93%—
UMBF logoUMBFUMB Financial Corporation
$133.85$10.17B14.66101.23%20.67%12.17%—
BOKF logoBOKFBOK Financial Corporation
$130.58$7.93B14.229.59%18.3%10.31%—
FULT logoFULTFulton Financial Corporation
$22.75$4.35B10.9411.19%20.71%11.15%—
WSFS logoWSFSWSFS Financial Corporation
$76.99$4.01B15.132.08%29.27%11.78%—

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

Jul 16, 2026·SEC

Material company update

Jul 6, 2026·SEC

Material company update

May 12, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 7, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 6, 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 6.3% over the past year. This is steady growth.

Is CBSH profitable?

Yes, Commerce Bancshares, Inc. (CBSH) is profitable, generating $576.3M in net income for fiscal year 2025 (26.5% net margin).

Dividend & Returns
Does CBSH pay dividends?

Yes, Commerce Bancshares, Inc. (CBSH) pays a dividend with a yield of 1.95%. This makes it attractive for income-focused investors.

What is CBSH's return on equity?

Commerce Bancshares, Inc. (CBSH) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.

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 45.8%. This is excellent, indicating strong cost control.

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

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

See returns →