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German bank focused on retail banking and lending to the Mittelstand (small/mid-sized German businesses), with trade finance for exporters.
German bank focused on retail banking and lending to the Mittelstand (small/mid-sized German businesses), with trade finance for exporters.
Earns from the gap between lending and deposit rates, with fees on payments, securities and trade finance for exporting companies. It owns most of Poland's mBank, which contributes a sizable share of earnings. The German state has been a shareholder since the 2008-09 rescue and still holds a stake.
In one line: A German regional bank, like a KeyCorp/PNC for German SMEs.
Moat: narrow (customer relationships, scale, distribution). Deep, long-standing relationships with German export-oriented mid-sized companies, though margins remain thin.
Headquarters: Frankfurt, Germany · Founded: 1870 · Employees: 40,812
Size Commerzbank (CBK.DE) is a Germany Financials company (Regional Banks) with a market value of $46.3B, the 18th largest of 205 Germany companies the cockpit tracks. Shares closed at €38.21 on 6 Nov 2026.
Performance Over six months the shares gained 4.3%, against +8.2% for the median peer and +2.6% for the Germany market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 2.6% over the last twelve months (peer median +4.6%); the operating margin is 35.5% (peer median 31.8%).
Valuation It trades at 1.36× book value against a peer median of 1.27× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 10.3%; Commerzbank delivers 10.3%, so the price asks less than the business earns today.
Credit Commerzbank has 82 bonds outstanding ($64.3B), rated BBB by the agencies and trading like AA+ at a weighted spread of 44 bp.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €24.5B | €24.7B | €26.1B | €22.5B | €14.6B |
| Revenue growth | — | -5% | +16% | +53% | — |
| Net income | €3.08B | €2.32B | €2.45B | €2.03B | €1.25B |
| Free cash flow | n/a | €51.9B | €32.3B | €40.0B | €15.7B |
| Capital expenditure | n/a | €1.15B | €1.15B | €998M | €675M |
| Total debt | €3.51B | €143B | €122B | €109B | €104B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Commerzbank CBK.DE | $46.3B | +4% | -3% | 10% | 1.36× | 10.3% |
| Deutsche Bank Aktiengesellschaft DBK.DE | $65.0B | +15% | 0% | 10% | 0.87× | 8.6% |
| UniCredit UCG.MI | $130B | +6% | +2% | 17% | 1.77× | 25.8% |
| ING Groep INGA.AS | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CBK.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.5% | +1.0% | 10th highest of 21 |
| 6-month return | +4.3% | +8.2% | 8th lowest of 21 |
| Return on equity | 10.2% | 10.7% | 9th lowest of 21 |
| Price / book | 1.36× | 1.27× | 9th most expensive of 21 |
| Trailing P/E | 13.8× | 11.7× | 7th most expensive of 20 |
| ROE the price implies | 10.3% | 9.1% | 8th most demanding of 21 |
| ROE delivered | 10.3% | 10.8% | 9th lowest of 20 |
| Bond spread | 44 bp | 94 bp | tightest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Commerzbank CBK.DE | Germany | $46.3B | +4% | -3% | 10% | 1.36× | 10.3% | 10.3% |
| Fifth Third Bancorp FITB | United States | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% | 9.4% |
| Ctbc Financial 2891.TW | Taiwan | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% | 14.7% |
| Shanghai Pudong Development Bank 600000.SS | China | $50.1B | +8% | -3% | 6% | 0.40× | 2.0% | 6.1% |
| Credit Agricole ACA.PA | France | $53.7B | -8% | -1% | 9% | 0.68× | 8.1% | 8.9% |
| Banca Monte dei Paschi di Siena BMPS.MI | Italy | $38.4B | +19% | +55% | 16% | 1.30× | 13.9% | 15.5% |
| KBFinancialGroup 105560.KS | South Korea | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% | n/a |
| Nu Holdings Ltd. Class A NU | United States | $58.1B | -13% | +54% | 32% | 4.39× | 32.4% | 31.6% |
| Truist Financial TFC | United States | $59.2B | +1% | -5% | 8% | 1.06× | 9.6% | 8.2% |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |
| Industrial Bank 601166.SS | China | $62.6B | +10% | -4% | 9% | 0.49× | 2.2% | 9.2% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| Japan Post Bank 7182.T | Japan | $65.5B | +7% | +39% | 7% | 1.11× | 8.3% | 6.6% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Postal Savings Bank of China 601658.SS | China | $69.7B | +9% | -2% | 9% | 0.62× | 2.7% | 8.7% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| CaixaBank CABK.MC | Spain | $91.9B | +7% | -2% | 16% | 2.05× | 13.3% | 16.5% |
| State Bank of India SBIN.NS | India | $99.5B | -7% | +6% | 15% | 1.40× | 20.7% | 14.6% |
Commerzbank has 82 bonds outstanding with $64.3B face value. The agencies rate it BBB; its bonds trade like AA+. Weighted yield 3.46%, a spread of 44 bp over government bonds.