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Company Analysis

Commerce Bancshares, Inc. CBSH

A comprehensive view of key metrics, scores, and financial health for Commerce Bancshares, Inc.

Overview of Commerce Bancshares, Inc.

CBSH NMS
Financial Services Banks - Regional Mid Cap
Commerce Bancshares, Inc. (CBSH), is a Mid Cap company, in the Banks - Regional industry, last closed at $51.97, about 46.0% overvalued vs fair value, -10.2% 1Y return, ranked 287/1037 in sector.
Metrics P/E 13.0× Rev Growth 28.6% ROE 16.0% Gross Margin 80.0% Div Yield 2.06%
$51.97
1.86%
As of April 28, 2026
Previous close • Vol 90d: 20.2%
52-Week Range
Market Cap
$7.63B
Enterprise Value
$9.83B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Excellent
Health
Weak
Efficiency
Fair
Valuation
Good
Growth
Fair
Profitability
Excellent
Health
Weak
Efficiency
Fair
Valuation
Good
Completeness: 82%
Confidence: 90%
Updated: Mar 8
Top Beats
No strong beats yet

Quick Facts

Website https://www.commercebank.com
HQ Kansas City, MO
Employees 4,577
Fiscal year Dec 31

Next Events

Earnings Apr 21

Fair Value Snapshot

Bear Base Bull
$16
$28
$53
Current: $51.97 -46% vs base

Engine Room Money Flow™

Mid Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$1.5B
6.4%%
Interest Expense
$371.9M
Net Interest Income
$1.0B
4.2%%
Total Revenue
$2.1B
28.6%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
15.8%
Excellent

Net Income / Equity - key bank profitability metric

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$357.8M
68.6% of Net Income

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
1
Active Leaks
1/1
Improving
0
High Impact
0
Critical
Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Commerce Bancshares, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
77
/100
Strong
Scores based on quantitative metrics and qualitative factors

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Deposit Franchise

Strong
90
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing CBSH's balance between Growth (28.7%), Profitability (39.6%), and Safety (31.6%). Growth 29% Safety 32% Profitability 40%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

58th percentile vs peers
59
Key Signals
NII Growth YoY 4.2% 58p Equity Growth YoY 12.4% 78p Asset Growth YoY 2.9% 43p EPS Growth YoY 9.3% 62p
Strengths
  • ROTE in top 20% of peers (17.7%, 88th percentile)
  • ROE in top 20% of peers (16.0%, 93th percentile)
  • ROA in top 20% of peers (1.7%, 90th percentile)
Risks

No significant risks identified for this axis.

Profitability

80th percentile vs peers
81
Key Signals
Strengths
Risks
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Safety

64th percentile vs peers
65
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Commerce Bancshares, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
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Bear
-
- - -
- upside
-
Base
$28.04
- - -
-46.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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