Commerce Bancshares, Inc. (CBSH) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Commerce Bancshares, Inc. (CBSH) Earnings Overview
As of June 21, 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 ($578M net income, 17.4% 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% |
| 2015 | $264M | +0.8% | $384M | $1.65 | 23.6% | 34.3% |
| 2014 | $262M | +0.3% | $384M | $1.60 | 23.8% | 35.0% |
| 2013 | $261M | -3.1% | $384M | $1.59 | 24.5% | 36.1% |
| 2012 | $269M | +5.1% | $399M | $1.61 | 24.9% | 36.8% |
| 2011 | $256M | +15.6% | $381M | $1.50 | 23.3% | 34.6% |
| 2010 | $222M | +31.1% | $318M | $1.27 | 19.5% | 28.0% |
| 2009 | $169M | -10.4% | $242M | $1.00 | 14.3% | 20.5% |
| 2008 | $189M | -8.7% | $274M | $1.14 | 15.4% | 22.4% |
| 2007 | $207M | -6.0% | $300M | $1.23 | 15.8% | 23.0% |
| 2006 | $220M | -1.5% | $324M | $1.28 | 18.4% | 27.1% |
| 2005 | $223M | +1.3% | $318M | $1.25 | 21.5% | 30.6% |
| 2004 | $220M | +6.7% | $311M | $1.17 | 23.5% | 33.2% |
| 2003 | $207M | +3.5% | $291M | $1.06 | 22.5% | 31.7% |
| 2002 | $199M | +9.6% | $294M | $0.97 | 21.4% | 31.5% |
| 2001 | $182M | +1.9% | $269M | $0.87 | 17.7% | 26.2% |
| 2000 | $179M | +7.4% | $268M | $0.84 | 16.7% | 25.1% |
| 1999 | $166M | +10.7% | $248M | $0.77 | 16.8% | 25.1% |
| 1998 | $150M | +13.1% | $226M | $0.69 | 15.9% | 23.9% |
| 1997 | $133M | +11.0% | $202M | $0.60 | 15.4% | 23.4% |
| 1996 | $120M | +11.1% | $182M | $0.53 | 14.8% | 22.6% |
| 1995 | $108M | +12.0% | $169M | $0.46 | 14.1% | 22.1% |
| 1994 | $96M | +10.6% | $148M | $0.44 | 15.5% | 23.8% |
| 1993 | $87M | +21.2% | $137M | $0.40 | 14.9% | 23.6% |
| 1992 | $72M | +19.9% | $112M | $0.35 | 12.8% | 20.0% |
| 1991 | $60M | +0.5% | $91M | $0.30 | 10.1% | 15.3% |
| 1990 | $60M | +0.8% | $88M | $0.31 | 9.9% | 14.7% |
| 1989 | $59M | - | $88M | $0.30 | 10.4% | 15.5% |
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CBSH — Frequently Asked Questions
Quick answers to the most common questions about buying CBSH stock.
What is CBSH earnings per share (EPS)?
CBSH trailing twelve-month (TTM) diluted EPS is $4.12, reflecting +5.4% year-over-year growth. The 5-year EPS CAGR is +11.3%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Commerce Bancshares, Inc.'s net income?
Commerce Bancshares, Inc. (CBSH) trailing twelve-month net income is $566M as of 2025. Earnings grew +5.4% year-over-year. Commerce Bancshares, Inc. has been profitable for 37 consecutive years.
Is CBSH profitable?
Yes, CBSH is profitable with a TTM net income of $566M and a net profit margin of +26.5%. Commerce Bancshares, Inc. has generated profits for 37 consecutive years.
What is CBSH's earnings growth rate?
CBSH compound annual EPS growth rates (CAGR): 1-Year: +5.4%, 3-Year: +5.3%, 5-Year: +11.3%, 10-Year: +9.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are CBSH's profit margins?
Commerce Bancshares, Inc. net profit margin is +26.5%, operating margin is +34.2%, and gross margin is +80.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +15.8%.
Is CBSH growing earnings?
CBSH is growing earnings steadily. YoY EPS growth of +5.4% is consistent with the 5-year CAGR of +11.3%. TTM net income is $566M.
What was CBSH's best earnings year?
Commerce Bancshares, Inc.'s highest annual net income on record is $566M, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were CBSH's earnings last quarter?
CBSH's most recent reported quarter was Q4 2025. Net income was $141M with diluted EPS of $1.02. For a full breakdown of all quarters, see the quarterly earnings table on this page.