Commerce Bancshares, Inc. (CBSH) Earnings History
Annual and quarterly earnings data from 1989 to 2025
Loading earnings history...
CBSH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CBSH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 80.0% | 34.2% | 26.5% |
| 2024 | 77.9% | 32.5% | 25.1% |
| 2023 | 78.7% | 31.5% | 24.2% |
| 2022 | 94.6% | 40.4% | 31.2% |
| 2021 | 103.7% | 47.7% | 36.9% |
Download Data
Export CBSH earnings history in CSV or JSON format
Free sign-in required to download data
Commerce Bancshares, Inc. (CBSH) Earnings Overview
As of May 6, 2026, Commerce Bancshares, Inc. (CBSH) reported trailing twelve-month net income of $566M, reflecting +5.4% year-over-year growth. The company earned $4.12 per diluted share over the past four quarters, with a net profit margin of 26.5%.
Looking at the long-term picture, CBSH's 5-year EPS compound annual growth rate (CAGR) stands at +11.3%, showing solid earnings momentum. The company achieved its highest annual net income of $566M in fiscal 2025, representing a new all-time high.
Commerce Bancshares, Inc. maintains industry-leading profitability with a gross margin of 80.0%, operating margin of 34.2%, and net margin of 26.5%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including WTFC ($824M net income, 19.5% margin), UMBF ($883M net income, 15.8% margin), BOKF ($537M net income, 15.6% margin), CBSH has outperformed on profitability metrics. Compare CBSH vs WTFC →
CBSH Earnings vs Peers
Earnings metrics vs comparable public companies
CBSH Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $566M | +7.6% | $732M | $4.08 | 26.5% | 34.2% |
| 2024 | $526M | +10.3% | $679M | $3.87 | 25.1% | 32.5% |
| 2023 | $477M | -2.3% | $620M | $3.47 | 24.2% | 31.5% |
| 2022 | $488M | -8.0% | $632M | $3.49 | 31.2% | 40.4% |
| 2021 | $531M | +49.9% | $686M | $3.72 | 36.9% | 47.7% |
| 2020 | $354M | -15.9% | $441M | $2.39 | 25.5% | 31.7% |
| 2019 | $421M | -2.8% | $532M | $2.81 | 29.0% | 36.6% |
| 2018 | $434M | +35.7% | $544M | $2.82 | 31.2% | 39.1% |
| 2017 | $319M | +16.0% | $430M | $2.05 | 25.3% | 34.1% |
| 2016 | $275M | +4.4% | $401M | $1.77 | 23.7% | 34.6% |
See CBSH's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CBSH Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CBSH vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonCBSH — Frequently Asked Questions
Quick answers to the most common questions about buying CBSH stock.
Is CBSH growing earnings?
CBSH EPS stands at $4.12, with +5.4% growth matching the 5-year CAGR of +11.3%. TTM net income is $566M. Earnings trajectory remains consistent.
What are CBSH's profit margins?
Commerce Bancshares, Inc. net margin is +26.5%, with operating margin at +34.2%. Above-average margins indicate pricing power.
How consistent are CBSH's earnings?
CBSH earnings data spans 1989-2025. The current earnings trend is +5.4% YoY. Historical data enables comparison across business cycles.