Commerce Bancshares, Inc.

Commerce Bancshares, Inc.

CBSHยทNASDAQ

$51.36

+0.32%
Financial ServicesBanks - Regional

Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 287 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

At a Glance

Live Snapshot
Market Cap$7.49B
EPS4.0800
P/E Ratio12.59
Earnings Date07/15/2026
3Y+37.0%
5Y+54.0%
10Y+85.0%
3Y+16.0%
5Y+60.0%
10Y+106.0%
3Y+15.0%
5Y+3.0%
10Y+42.0%
Commerce Bancshares, Inc.

Commerce Bancshares, Inc. Profit Bridge

CBSH ยท NASDAQ
Revenue2.14B
Cost of Goods Sold (428.00M)
Gross Profit1.71B
Operating Expenses (979.83M)
Operating Income731.84M
Interest Expense (371.87M)
Other Income/Expense0.00
Pretax Income731.84M
Income Tax (161.14M)
Net Income566.25M
Net Income
566.25M

Profitability Analysis

Gross Margin

80.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

34.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

26.5%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

22.0%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Commerce Bancshares, Inc. Income Statement

CBSH โ€ข NASDAQ

Commerce Bancshares, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
2.1B
2.1B
2B
1.6B
1.4B
1.4B
1.5B
1.4B
1.3B
1.2B
1.1B
1.1B
1.1B
1.1B
1.1B
1.1B
1.2B
1.2B
1.3B
1.2B
GROSS PROFIT
(428M)
(462.2M)
(418.6M)
(84.9M)
-53.5M
(180M)
(153.8M)
(108.1M)
(89M)
(69.3M)
(56.8M)
(57.6M)
(51.3M)
(65.4M)
(103.4M)
(183.5M)
(314.7M)
(366M)
(440.8M)
(344.8M)
1.7B
1.6B
1.6B
1.5B
1.5B
1.2B
1.3B
1.3B
1.2B
1.1B
1.1B
1B
1B
1B
998.3M
954.3M
863.9M
859.6M
866.9M
849.2M
OPERATING INCOME
(979.8M)
(951.2M)
(931M)
(848.8M)
(805.9M)
(768.4M)
(767.4M)
(737.8M)
(744.3M)
(689.2M)
(676.5M)
(656.9M)
(628.7M)
(618.5M)
(617.2M)
(636.2M)
(621.7M)
(585.1M)
(566.5M)
(525.4M)
(704.3M)
(646.7M)
(641.7M)
(588.5M)
(556.2M)
(532.7M)
(514.8M)
(595.4M)
(582.4M)
(456.7M)
(429M)
(411.4M)
(392.2M)
(482.6M)
(465.8M)
(479M)
(485.3M)
(447.4M)
(411.5M)
(305.6M)
731.8M
679.5M
619.7M
632.4M
686.3M
441.2M
531.8M
544.2M
430.4M
401M
383.6M
384.4M
384.3M
398.6M
381M
318.1M
242.1M
274.5M
300.4M
323.7M
PRE-TAX INCOME
(371.9M)
(429.3M)
(383.2M)
(56.8M)
(12.9M)
(42.8M)
(103.4M)
(65.4M)
(43.7M)
(33M)
(28.1M)
(28.1M)
(30.9M)
(38.1M)
(51.9M)
(83.5M)
(154M)
(257.1M)
(398M)
(319.1M)
1.1B
1B
998.1M
942.2M
835.4M
829.8M
821.3M
823.8M
733.7M
680M
634.3M
620.2M
619.4M
639.9M
646.1M
645.9M
635.5M
592.7M
538.1M
513.2M
(275.5M)
(304.5M)
(289.2M)
(260.3M)
(249.7M)
(235.7M)
(252.6M)
(142.5M)
(161.9M)
(232.6M)
(247.5M)
(245.5M)
(236.5M)
(135.9M)
(151.5M)
(157.2M)
(136.4M)
(137.7M)
(155.1M)
(219.8M)
731.8M
679.5M
619.7M
632.4M
686.3M
441.2M
531.8M
544.2M
430.4M
401M
383.6M
384.4M
384.3M
398.6M
381M
318.1M
242.1M
274.5M
300.4M
323.7M
NET INCOME
(161.1M)
(145.1M)
(134.5M)
(132.4M)
(145.7M)
(87.3M)
(109.1M)
(105.9M)
(110.5M)
(124.2M)
(116.6M)
(121.6M)
(123.2M)
(127.2M)
(121.4M)
(96.2M)
(73.8M)
(85.1M)
(93.7M)
(103.9M)
566.3M
526.3M
477.1M
488.4M
530.8M
354.1M
421.2M
433.5M
319.4M
275.4M
263.7M
261.8M
261M
269.3M
256.3M
221.7M
169.1M
188.7M
206.7M
219.8M

SEC Filings

CBSH - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 24, 2026
2026
8-K

8-K 2026

N/A

April 27, 2026
April 27, 2026
2026
8-K

8-K 2026

N/A

April 21, 2026
April 21, 2026
2026
8-K

8-K 2026

N/A

March 30, 2026
March 24, 2026
2026
DEF 14A

DEF 14A 2025

N/A

March 13, 2026
December 31, 2025
2025
10-K

10-K 2025 FY

FY

February 24, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 09, 2026
February 03, 2026
2026
Showing 1 to 10 of 381 filings