CBSH · NASDAQ · Banks - Regional

Commerce Bancshares (CBSH)

Provides commercial, retail, payments, and wealth services through Commerce Bank.

$56.07
vs last close−0.48 (−0.85%)
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Commerce Bancshares, Inc.CBSH
Financial sector

Provides commercial and retail banking, payments, and wealth-management services through Commerce Bank, with commercial payments offered nationwide. The business is organized into Commercial, Retail Banking, and Wealth, while its FineMark division expands private banking and wealth management beyond its core Midwest footprint.

Provides commercial lending, payment solutions, leasing, cash management, and international services through its Commercial segment. Retail Banking combines consumer deposits, lending, mortgage banking, and debit and credit cards through a branch network.

Its Wealth segment offers trust, estate planning, brokerage, advisory, discretionary investment management, and private banking. Operations are centered in Missouri, Kansas, Illinois, Colorado, and Oklahoma, while commercial payments are offered nationwide.

FineMark Bank & Trust operates as a Commerce Bank division, expanding private-banking and wealth-management locations in Florida, Arizona, and South Carolina. The business operates through Commercial, Retail Banking, and Wealth.

Company facts

CEOJohn W. Kemper
ListedMar 17, 1980
ExchangeNASDAQ
HeadquartersKansas City, MO
CountryUnited States
Employees4,737
CIK0000022356
ISINUS2005251036

Market cap$8.24B
EPS (ttm)$4.11
P/E (ttm)13.76
ROE14.4%
P/B1.89
P/S3.80
Dividend yieldDiv yield1.95%
Beta0.33vs XLF 0.99

Price target$65.00+14.9%Average of 15 analysts
ConsensusHold12 of 15 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 8, 2026Morgan StanleyUpgrade
Rating: PositiveTarget: $65
Rating: OverweightTarget: $76
Aug 10, 2026Wells FargoReiterate
Rating: Target: $57
Rating: Equal WeightTarget: $63
Jul 17, 2026StephensTarget
Target:
Target: $64
Jul 17, 2026Piper SandlerReiterate
Rating: Target: $58.50
Rating: NeutralTarget: $66
Jul 6, 2026Wells FargoReiterate
Rating: Target: $60
Rating: Equal WeightTarget: $57

Next report
Oct 20, 26
estimated · in 28 days
EPS estimate
$1.08
Revenue estimate
$499.9M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$1.01$0.98$1.14$1.06$1.01$0.96$1.10Pending
Estimate$0.94$0.93$1.04$1.04$0.99$0.82$1.06$1.08
Surprise+7.4%+5.3%+9.6%+1.9%+2.0%+16.5%+3.8%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$423.1M$420.5M$445.8M$448.9M$449.4M$475.7M$498.9MPending
Estimate$415.0M$418.0M$434.4M$447.5M$442.5M$478.0M$492.2M$499.9M
Surprise+1.9%+0.6%+2.6%+0.3%+1.6%−0.5%+1.4%
Estimate$1.08
ReportedDue Oct 20, 2026
Estimate$499.9M
ReportedDue Oct 20, 2026
View details

Debt to equity56.30%
Current ratio369.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$535.0M$525.8M$515.7M$537.2M$543.5M$542.8M$584.0M$498.9M
Net income$138.0M$136.1M$131.6M$152.5M$141.5M$140.7M$141.6M$159.8M
Net margin25.8%25.9%25.5%28.4%26.0%25.9%24.3%32.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$178.5M$173.8M$167.6M$196.2M$184.8M$183.3M$185.3M$205.9M
YoY growth+14.3%+20.9%+13.9%+9.0%+3.5%+5.4%+10.5%+5.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $8.97B · Total debt $2.45B · Total assets $35.27B · Shareholders' equity $4.36B

Revenue
$498.9M
Operating income
$205.9M
Net income
$159.8M
View details

Dividend yield
1.95%
Next ex-date
Dec 4, 26
estimated · in 73 days
Annual dividend
$1.10
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.2449$0.275$0.275$0.2619$0.275$0.275$0.275$0.275
Annual yield1.50%1.70%1.72%1.83%2.15%2.16%2.05%1.88%
Ex-dateDec 3Mar 7Jun 6Sep 5Dec 2Mar 6Jun 5Sep 4
Payment dateDec 17Mar 25Jun 24Sep 23Dec 15Mar 24Jun 23Sep 22
View details

Institutions76.92%110.32M shares
510 holders · as of Jun 30, 2026
Insiders0.84%1.20M shares
30 holders · as of Sep 9, 2026
Other22.24%31.91M shares
remainder

143.43M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
9.12%13.09Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
6.29%9.02Mas of Jun 30, 2026
State Street CorpInstitution
5.13%7.35Mas of Jun 30, 2026
AQR Capital Management LLCInstitution
4.56%6.54Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.33%6.21Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 27, 2026Douglas D. Neffofficer: Senior Vice President−666$58.15
Aug 14, 2026David L. Orfofficer: Exec. Vice President & CCO−642$60.35
Aug 4, 2026David L. Rollerofficer: Senior Vice President−830$60.28
Jul 30, 2026Robert S. Holmesofficer: Executive Vice President−5,000$60.20
Jul 29, 2026John W. Kemperdirector, officer: President and CEO−5,830$60.58
View details

  • UMB Financial

    Kansas City peer across commercial banking, payments, and wealth

  • BOK Financial

    Full-service bank across shared Oklahoma and Colorado markets

  • Old National Bancorp

    Midwest commercial, consumer, wealth, and treasury-services peer

Compare

CompanyPriceChange
Commerce Bancshares$56.07−0.85%$8.24B13.812.83.8+11.9%
UMB Financial$134.39+0.64%$10.14B11.110.12.2+22.9%
BOK Financial$132.12−0.76%$8.09B12.512.72.4+4.8%
Old National Bancorp$25.15−0.42%$9.66B11.19.22.4+12.3%
Median11.110.12.4+12.3%