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Missouri-based regional bank known for conservative underwriting, offering retail, commercial and trust/wealth banking.
Missouri-based regional bank known for conservative underwriting, offering retail, commercial and trust/wealth banking.
Earns the spread on loans and deposits across Missouri and the Midwest, and gets a larger share of income from fees than most regional banks, including a commercial card and payments business and asset management for trust clients. Known for holding more securities and for conservative lending than many peers.
Moat: narrow (brand, distribution). Long history of conservative, low-loss underwriting builds durable customer and investor trust.
Headquarters: Kansas City, Missouri, United States · Founded: 1865 · Employees: 4,667
Size Commerce Bancshares (CBSH) is a United States Financials company (Regional Banks) with a market value of $7.82B, the 902nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $55.04 on 6 Nov 2026.
Performance Over six months the shares gained 6.1%, against +8.0% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +9.4%); the operating margin is 40.2% (peer median 43.9%).
Valuation It trades at 1.87× book value against a peer median of 1.40× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 12.1%; Commerce Bancshares delivers 14.9%, so the price asks less than the business earns today.
Short interest Short interest is 4.6% of the free float (15 Oct 2026).
Next results Next results expected around 21 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.31B | $2.13B | $2.07B | $1.94B | $1.52B |
| Revenue growth | — | +3% | +6% | +28% | — |
| Net income | $593M | $561M | $521M | $473M | $484M |
| Free cash flow | n/a | $608M | $550M | $374M | $490M |
| Capital expenditure | n/a | $52.7M | $46.1M | $88.1M | $65.2M |
| Total debt | $2.71B | $3.03B | $2.96B | $2.94B | $2.88B |
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 |
|---|---|---|---|---|---|---|
| Commerce Bancshares CBSH | $7.82B | +6% | +9% | 15% | 1.87× | 12.1% |
| Central Bancompany CBC | $9.04B | +38% | +10% | 13% | 2.35× | 10.9% |
| UMB Financial UMBF | $10.2B | +2% | +17% | 14% | 1.34× | 11.2% |
| Prosperity Bancshares, Inc.(R) PB | $8.60B | +4% | +19% | 6% | 0.88× | 7.5% |
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 | CBSH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.8% | +3.6% | 8th lowest of 21 |
| 6-month return | +6.1% | +8.0% | 11th highest of 21 |
| Return on equity | 14.9% | 10.4% | 7th highest of 21 |
| Price / book | 1.87× | 1.40× | 7th most expensive of 21 |
| Trailing P/E | 13.3× | 14.3× | 10th cheapest of 20 |
| ROE the price implies | 12.1% | 9.7% | 7th most demanding of 20 |
| ROE delivered | 14.9% | 10.9% | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Commerce Bancshares CBSH | United States | $7.82B | +6% | +9% | 15% | 1.87× | 12.1% | 14.9% |
| Luzerner Kantonalbank LUKN.SW | Switzerland | $7.86B | +28% | -3% | 9% | 1.76× | n/a | 8.9% |
| Shanghai Commercial & Savings Bank 5876.TW | Taiwan | $7.56B | +34% | -17% | 9% | 1.17× | 4.0% | 8.6% |
| Western Alliance Bancorp WAL | United States | $8.13B | -8% | +8% | 13% | 1.11× | 12.9% | 13.2% |
| AU Small Finance Bank AUBANK.NS | India | $7.39B | -10% | +17% | 16% | 3.21× | 44.0% | 15.7% |
| KakaoBank 323410.KS | South Korea | $7.28B | -15% | +6% | 7% | 1.46× | 8.5% | n/a |
| Kyoto Financial Group,Inc 5844.T | Japan | $7.14B | -11% | +19% | 8% | 0.79× | 5.9% | 7.9% |
| Prosperity Bancshares, Inc.(R) PB | United States | $8.60B | +4% | +19% | 6% | 0.88× | 7.5% | 6.5% |
| Columbia Banking System COLB | United States | $8.62B | +1% | +22% | 11% | 1.19× | 9.3% | 11.2% |
| IDFC First Bank IDFCFIRSTB.NS | India | $7.05B | +10% | +13% | 6% | 1.35× | 24.3% | 6.3% |
| Bank Millennium MIL.WA | Poland | $7.04B | +26% | -2% | 16% | 2.80× | 38.0% | 15.6% |
| Central Bancompany CBC | United States | $9.04B | +38% | +10% | 13% | 2.35× | 10.9% | 12.6% |
| BNP Paribas Bank Polska Spolka Akcyjna BNP.WA | Poland | $6.65B | +20% | -8% | 16% | 1.59× | 14.8% | 16.2% |
| SBI Shinsei Bank 8303.T | Japan | $9.20B | -11% | +27% | 10% | 1.15× | 4.7% | 9.9% |
| United Bankshares UBSI | United States | $6.57B | +11% | +4% | 9% | 1.20× | 9.7% | 9.4% |
| Hachijuni Nagano Bank 8359.T | Japan | $6.53B | +6% | +20% | 7% | 0.85× | 5.6% | 6.5% |
| Ringkjobing Landbobank A/S RILBA.CO | Denmark | $6.44B | +16% | +2% | 20% | 3.58× | 10.2% | 20.5% |
| Bank of Suzhou 002966.SZ | China | $6.41B | +12% | +5% | 11% | 0.79× | 2.8% | 10.9% |
| Rakuten Bank 5838.T | Japan | $6.36B | -9% | +38% | 22% | 2.55× | 8.1% | 21.5% |
| Cullen/Frost Bankers CFR | United States | $9.65B | +12% | +2% | 16% | 2.52× | 14.2% | 16.2% |
| Glacier Bancorp GBCI | United States | $6.27B | -1% | +21% | 9% | 1.45× | 11.2% | 8.8% |