Commerce Bancshares, Inc. (CBSH) AI Stock Analysis

Commerce Bancshares, Inc. is a bank holding company for Commerce Bank, established in 1865 and headquartered in Kansas City, Missouri. It operates through three main segments: Consumer, Commercial, and Wealth. The Consumer segment offers deposit products, consumer loans, mortgage banking, debit and credit cards, and specialized healthcare financing. The Commercial segment delivers corporate lending, leasing, international banking, merchant card services, government deposit management, and fixed income securities sales. The Wealth segment provides trust and estate planning, advisory services, portfolio management, brokerage, and private banking. The company also engages in private equity investment, securities brokerage, insurance agency operations, and specialty lending.

Revenue increased from $1.44B in FY2021 to $2.14B in FY2025, reflecting a 5-year CAGR of 9.0%. Year-over-year revenue growth registered at 3.5% in FY2021, 8.8% in FY2022, 25.8% in FY2023, 6.3% in FY2024, and 2.2% in FY2025. Net income moved from $530.8M in FY2021 to $566.3M in FY2025, while diluted EPS grew from $3.35 to $4.04. The operating margin was 34.2% in FY2025 and reached 45.1% over the trailing twelve months. In the trailing twelve months ending June 30, 2026, revenue stood at $1.84B with a profit margin of 31.6%. For the latest quarter ended June 30, 2026, quarterly revenue increased 14.2% year-over-year, while quarterly earnings grew 1.2%.

As of June 30, 2026, Commerce Bancshares held $8.97B in cash and short-term investments against total debt of $2.45B, resulting in net cash of $6.51B. Total assets stood at $35.27B, and shareholders' equity was $4.36B, corresponding to a debt-to-equity ratio of 0.56 and a current ratio of 3.69. In FY2025, operating cash flow reached $645.1M and free cash flow was $592.4M. Capital expenditures totaled $52.7M, while capital deployment included $207.6M in share buybacks and $150.2M in dividends paid.

At its last close of $55.69 on October 16, 2026, Commerce Bancshares traded at a market capitalization of $7.99B and an enterprise value of $6.32B. The company traded at a trailing P/E of 13.6x and a forward P/E of 13.2x, higher than the median of its US-listed Financial Services peers of 12.1x and 10.8x, respectively. Its price-to-sales ratio was 4.3x, compared to the peer median of 3.2x. Over the past year, the stock returned 13.9% versus 16.8% for the S&P 500, and its 5-year return of 4.3% trailed the index return of 83.0%.

Commerce Bancshares pays a quarterly dividend with an annual forward payout of $1.10 per share, representing a dividend yield of 1.98%. The payout ratio is 26.4%, and dividends have been paid for 42 consecutive years. The company recorded a 5-year annualized dividend growth rate of 3.3%, and its last ex-dividend date was September 4, 2026.

Consensus ratings from 10 analysts comprise 1 Strong Buy, 1 Buy, 8 Hold, 0 Sell, and 0 Strong Sell. The mean price target is $65.56, which sits 17.7% above the last close price of $55.69. For the fiscal year ending December 31, 2026, analysts estimate EPS of $4.28 on revenue of $1.98B. For the following fiscal year, estimates project EPS of $4.61 on revenue of $2.06B. Commerce Bancshares beat EPS estimates in 3 of the last 4 quarters, with its next earnings date scheduled for October 20, 2026.

This page is an AI-written research summary of Commerce Bancshares, Inc. (CBSH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CBSH income statement, CBSH balance sheet, CBSH key metrics, CBSH analyst forecast, CBSH chart. See the CBSH stock overview for the latest quote and news.