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Financial Services - Banks - Regional - NASDAQ - US
$ 71.57
-0.195 %
$ 9.18 B
Market Cap
18.64
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one CBSH stock under the base case scenario is HIDDEN Compared to the current market price of 71.6 USD, Commerce Bancshares, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CBSH

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FINANCIALS
1.38 B REVENUE
-8.48%
593 M OPERATING INCOME
-12.50%
485 M NET INCOME
-2.97%
489 M OPERATING CASH FLOW
-12.62%
2.18 B INVESTING CASH FLOW
801.40%
-883 M FINANCING CASH FLOW
78.98%
372 M REVENUE
-29.11%
110 M OPERATING INCOME
5908.21%
147 M NET INCOME
6.55%
420 M OPERATING CASH FLOW
248.93%
-225 M INVESTING CASH FLOW
-32.60%
411 M FINANCING CASH FLOW
344.37%
Balance Sheet Decomposition Commerce Bancshares, Inc.
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Current Assets 10.4 B
Cash & Short-Term Investments 10.4 B
Receivables 0
Other Current Assets 0
Non-Current Assets 10.5 B
Long-Term Investments 9.9 B
PP&E 469 M
Other Non-Current Assets 161 M
Current Liabilities 0
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 0
Non-Current Liabilities 28.7 B
Long-Term Debt 1.4 M
Other Non-Current Liabilities 28.7 B
EFFICIENCY
Earnings Waterfall Commerce Bancshares, Inc.
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Revenue 1.38 B
Cost Of Revenue 0
Gross Profit 1.38 B
Operating Expenses 788 M
Operating Income 593 M
Other Expenses 108 M
Net Income 485 M
RATIOS
100.00% GROSS MARGIN
100.00%
42.92% OPERATING MARGIN
42.92%
34.54% NET MARGIN
34.54%
16.20% ROE
16.20%
1.50% ROA
1.50%
15.76% ROIC
15.76%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Commerce Bancshares, Inc.
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Net Income 485 M
Depreciation & Amortization 49.5 M
Capital Expenditures -88.1 M
Stock-Based Compensation 17.1 M
Change in Working Capital 40.7 M
Others -102 M
Free Cash Flow 401 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Commerce Bancshares, Inc.
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Wall Street analysts predict an average 1-year price target for CBSH of $61.6 , with forecasts ranging from a low of $54 to a high of $68.5 .
CBSH Lowest Price Target Wall Street Target
54 USD -24.55%
CBSH Average Price Target Wall Street Target
61.6 USD -13.95%
CBSH Highest Price Target Wall Street Target
68.5 USD -4.29%
4. DIVIDEND ANALYSIS
0.92% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Commerce Bancshares, Inc.
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Sold
0-3 MONTHS
2.55 M USD 8
3-6 MONTHS
5.06 M USD 12
6-9 MONTHS
2.83 M USD 5
9-12 MONTHS
2.08 M USD 8
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
4 days ago
Nov 13, 2024
Sell 107 K USD
Petersen Paula S
Senior Vice President
- 1462
72.995 USD
4 days ago
Nov 13, 2024
Sell 14 K USD
JAKOVICH KIM L
Senior Vice President
- 193
72.615 USD
5 days ago
Nov 12, 2024
Sell 58.2 K USD
STEINER PAUL A
Controller
- 803
72.43 USD
5 days ago
Nov 12, 2024
Sell 180 K USD
Kemper John W
President and CEO
- 2502
71.79 USD
5 days ago
Nov 12, 2024
Sell 64 K USD
Neff Douglas D
Senior Vice President
- 888
72.098 USD
1 week ago
Nov 07, 2024
Sell 69.2 K USD
Kellerhals Patricia R
Senior Vice President
- 1000
69.204 USD
3 weeks ago
Oct 22, 2024
Sell 1.85 M USD
KEMPER DAVID W
Executive Chairman
- 30000
61.7789 USD
2 months ago
Sep 16, 2024
Sell 124 K USD
Kellerhals Patricia R
Senior Vice President
- 2000
62.228 USD
2 months ago
Sep 04, 2024
Sell 84.9 K USD
Handy John K
Executive Vice President
- 1331
63.8 USD
3 months ago
Aug 12, 2024
Sell 91.2 K USD
Kellerhals Patricia R
Senior Vice President
- 1500
60.82 USD
3 months ago
Jul 31, 2024
Sell 100 K USD
FOWLER JUNE MCALLISTER
Director
- 1535
65.16 USD
3 months ago
Jul 30, 2024
Sell 136 K USD
Orf David L
Exec. Vice President & CCO
- 2102
64.83 USD
3 months ago
Jul 30, 2024
Sell 343 K USD
KIM CHARLES G
Exec. Vice President and CFO
- 5282
65.0033 USD
3 months ago
Jul 29, 2024
Sell 1.06 M USD
BARTH KEVIN G
Executive Vice President
- 16346
65.0151 USD
3 months ago
Jul 30, 2024
Sell 31.2 K USD
BARTH KEVIN G
Executive Vice President
- 479
65.05 USD
3 months ago
Jul 29, 2024
Sell 418 K USD
Handy John K
Executive Vice President
- 6424
65.013 USD
3 months ago
Jul 25, 2024
Sell 336 K USD
Kemper John W
President and CEO
- 5156
65.2213 USD
3 months ago
Jul 25, 2024
Sell 246 K USD
Holmes Robert S
Executive Vice President
- 3795
64.7503 USD
3 months ago
Jul 23, 2024
Sell 55.4 K USD
Roller David L.
Senior Vice President
- 861
64.304 USD
3 months ago
Jul 22, 2024
Sell 923 K USD
KEMPER DAVID W
Director
- 14486
63.7302 USD
3 months ago
Jul 22, 2024
Sell 59.5 K USD
Neff Douglas D
Senior Vice President
- 936
63.541 USD
3 months ago
Jul 22, 2024
Sell 7.02 K USD
Kellerhals Patricia R
Senior Vice President
- 110
63.793 USD
3 months ago
Jul 22, 2024
Sell 1.25 M USD
KEMPER JONATHAN M
Director
- 19626
63.6571 USD
6 months ago
May 10, 2024
Sell 1.51 M USD
Kemper John W
President and CEO
- 26581
56.7725 USD
8 months ago
Mar 11, 2024
Sell 263 K USD
Holmes Robert S
Executive Vice President
- 5000
52.655 USD
8 months ago
Mar 05, 2024
Sell 1.01 M USD
KEMPER JONATHAN M
Director
- 18900
53.61 USD
8 months ago
Mar 05, 2024
Sell 17.5 K USD
Brooks Derrick
Senior Vice President
- 323
54.055 USD
9 months ago
Feb 13, 2024
Sell 30.9 K USD
Neff Douglas D
Senior Vice President
- 614
50.248 USD
9 months ago
Feb 06, 2024
Sell 70.5 K USD
Roller David L.
Senior Vice President
- 1392
50.6199 USD
9 months ago
Feb 06, 2024
Sell 146 K USD
KEMPER DAVID W
Director
- 2870
50.8145 USD
9 months ago
Feb 05, 2024
Sell 125 K USD
Walker Kimberly G
Director
- 2466
50.5204 USD
9 months ago
Feb 06, 2024
Sell 44.7 K USD
Neff Douglas D
Senior Vice President
- 878
50.875 USD
9 months ago
Feb 06, 2024
Sell 53.4 K USD
Kellerhals Patricia R
Senior Vice President
- 1051
50.829 USD
9 months ago
Feb 06, 2024
Sell 158 K USD
Handy John K
Executive Vice President
- 3133
50.4192 USD
9 months ago
Feb 02, 2024
Sell 41.8 K USD
Roller David L.
Senior Vice President
- 805
51.952 USD
9 months ago
Jan 29, 2024
Sell 96.1 K USD
RASSIEUR BENJAMIN F III
Director
- 1785
53.83 USD
9 months ago
Jan 25, 2024
Sell 142 K USD
Handy John K
Executive Vice President
- 2680
53.01 USD
9 months ago
Jan 24, 2024
Sell 40.1 K USD
Kellerhals Patricia R
Senior Vice President
- 730
54.87 USD
9 months ago
Jan 24, 2024
Sell 39.6 K USD
Roller David L.
Senior Vice President
- 725
54.68 USD
9 months ago
Jan 24, 2024
Sell 82.6 K USD
Handy John K
Executive Vice President
- 1508
54.791 USD
9 months ago
Jan 22, 2024
Sell 23.2 K USD
Brooks Derrick
Senior Vice President
- 422
54.93 USD
11 months ago
Dec 05, 2023
Sell 1.02 M USD
KEMPER DAVID W
Director
- 20000
51.002 USD
1 year ago
Sep 18, 2023
Bought 241 K USD
BRAUER BLACKFORD F
Director
+ 5000
48.1003 USD
1 year ago
Sep 12, 2023
Sell 96.4 K USD
Petersen Paula S
Senior Vice President
- 2068
46.61 USD
1 year ago
Sep 08, 2023
Sell 163 K USD
Kellerhals Patricia R
Senior Vice President
- 3459
47.01 USD
1 year ago
Sep 01, 2023
Sell 627 K USD
Kellerhals Patricia R
Senior Vice President
- 12541
50.0128 USD
1 year ago
Aug 23, 2023
Bought 246 K USD
BRAUER BLACKFORD F
Director
+ 5000
49.1352 USD
1 year ago
Aug 01, 2023
Sell 75.3 K USD
Brooks Derrick
Senior Vice President
- 1430
52.63 USD
1 year ago
Jul 28, 2023
Bought 265 K USD
BRAUER BLACKFORD F
Director
+ 5000
53.0007 USD
1 year ago
Mar 02, 2023
Sell 55.6 K USD
Neff Douglas D
Senior Vice President
- 856
64.923 USD
1 year ago
Mar 02, 2023
Sell 15 K USD
Brooks Derrick
Senior Vice President
- 230
65.3957 USD
1 year ago
Feb 07, 2023
Sell 1.24 M USD
KEMPER DAVID W
Director
- 18422
67.4311 USD
1 year ago
Feb 06, 2023
Sell 69.8 K USD
KEMPER DAVID W
Director
- 1036
67.393 USD
1 year ago
Feb 03, 2023
Sell 298 K USD
Kemper John W
President and CEO
- 4400
67.6473 USD
1 year ago
Feb 03, 2023
Sell 38.8 K USD
Kellerhals Patricia R
Senior Vice President
- 574
67.623 USD
1 year ago
Feb 01, 2023
Sell 1.2 M USD
Kemper John W
President and CEO
- 18107
66.3263 USD
1 year ago
Jan 24, 2023
Sell 57.8 K USD
Kellerhals Patricia R
Senior Vice President
- 884
65.3714 USD
1 year ago
Jan 25, 2023
Sell 41.2 K USD
Kellerhals Patricia R
Senior Vice President
- 629
65.55 USD
1 year ago
Jan 25, 2023
Sell 1.41 M USD
KEMPER DAVID W
Director
- 21550
65.5101 USD
1 year ago
Jan 24, 2023
Sell 96.3 K USD
Roller David L.
Senior Vice President
- 1466
65.6854 USD
2 years ago
Dec 17, 2021
Sell 229 K USD
RASSIEUR BENJAMIN F III
Director
- 3343
68.41 USD
2 years ago
Jan 28, 2022
Sell 34.1 K USD
RASSIEUR BENJAMIN F III
Director
- 508
67.15 USD
2 years ago
Feb 16, 2022
Sell 64.4 K USD
RASSIEUR BENJAMIN F III
Director
- 900
71.56 USD
2 years ago
Mar 18, 2022
Sell 18.5 K USD
RASSIEUR BENJAMIN F III
Director
- 260
71.1 USD
2 years ago
Jun 07, 2022
Sell 199 K USD
RASSIEUR BENJAMIN F III
Director
- 2900
68.49 USD
2 years ago
Aug 18, 2022
Sell 147 K USD
RASSIEUR BENJAMIN F III
Director
- 2000
73.32 USD
1 year ago
Dec 02, 2022
Sell 473 K USD
RASSIEUR BENJAMIN F III
Director
- 6700
70.61 USD
1 year ago
Dec 01, 2022
Sell 214 K USD
KEMPER DAVID W
Director
- 3000
71.2601 USD
1 year ago
Nov 28, 2022
Sell 156 K USD
KEMPER DAVID W
Director
- 2104
74.222 USD
2 years ago
Oct 28, 2022
Sell 50.3 K USD
NOACK THOMAS J
Executive Vice President
- 715
70.351 USD
2 years ago
Oct 19, 2022
Sell 695 K USD
KEMPER DAVID W
Director
- 10000
69.536 USD
2 years ago
Apr 29, 2022
Sell 310 K USD
Kemper John W
President and CEO
- 4285
72.413 USD
2 years ago
Aug 04, 2022
Sell 141 K USD
Holmes Robert S
Executive Vice President
- 2000
70.447 USD
2 years ago
Jul 26, 2022
Sell 13.1 K USD
Kellerhals Patricia R
Senior Vice President
- 189
69.14 USD
2 years ago
Jul 27, 2022
Bought 344 K USD
BRAUER BLACKFORD F
director:
+ 5000
68.8744 USD
2 years ago
Jun 10, 2022
Bought 329 K USD
BRAUER BLACKFORD F
director:
+ 5000
65.8544 USD
2 years ago
May 26, 2022
Bought 342 K USD
BRAUER BLACKFORD F
director:
+ 5000
68.3123 USD
2 years ago
Apr 21, 2022
Sell 6.45 K USD
Brooks Derrick
Senior Vice President
- 87
74.12 USD
2 years ago
Mar 17, 2022
Sell 790 K USD
KIM CHARLES G
Exec. Vice President and CFO
- 11000
71.8606 USD
2 years ago
Mar 03, 2022
Sell 34.1 K USD
Neff Douglas D
Senior Vice President
- 478
71.39 USD
2 years ago
Mar 02, 2022
Sell 221 K USD
Handy John K
Executive Vice President
- 3101
71.1536 USD
2 years ago
Feb 08, 2022
Sell 140 K USD
BURIK JEFFREY M.
Senior Vice President
- 1928
72.5 USD
2 years ago
Feb 07, 2022
Sell 34.4 K USD
Kellerhals Patricia R
Senior Vice President
- 491
70.1 USD
2 years ago
Feb 07, 2022
Sell 34.4 K USD
Kellerhals Patricia R
Senior Vice President
- 491
70.1 USD
2 years ago
Feb 02, 2022
Sell 891 K USD
Kemper John W
President and CEO
- 12829
69.4467 USD
7. News
CBSH Stock Trades Near 52-Week High: Is This the Right Time to Invest? Commerce Bancshares Inc. CBSH shares have been performing remarkably well of late. At present, the stock is trading near its 52-week high of $72.74 hit during Monday's trading session. zacks.com - 3 days ago
High Rates & Loan Demand Aid CBSH Despite Weak Asset Quality Modest loan demand, relatively high rates and efforts to bolster fee income will support Commerce Bancshares amid poor asset quality and mounting expenses. zacks.com - 1 week ago
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. The dividend is payable on December 17, 2024 to stockholders of record at the close of business on December 3, 2024. The Board of Directors also approved a 5% common stock dividend payable on December 18, 2024 to shareholders of record at the close of business on December 3, 2024. Statements reflec. businesswire.com - 3 weeks ago
Commerce Bancshares' Q3 Earnings Beat Estimates, Revenues Rise Y/Y CBSH records a rise in expenses and lower provisions in the third quarter of 2024. zacks.com - 4 weeks ago
Regional Banks Report Credit Quality Remained Strong in Q3 Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in lending and deposits. Commerce Bancshares, Huntington Bancshares, M&T Bank and S&T Bancorp reported their third-quarter results Thursday. pymnts.com - 1 month ago
Commerce (CBSH) Reports Q3 Earnings: What Key Metrics Have to Say Although the revenue and EPS for Commerce (CBSH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 1 month ago
Commerce Bancshares (CBSH) Beats Q3 Earnings and Revenue Estimates Commerce Bancshares (CBSH) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.91 per share a year ago. zacks.com - 1 month ago
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.07 KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended September 30, 2024, compared to $.92 per share in the same quarter last year and $1.07 per share in the second quarter of 2024. Net income for the third quarter of 2024 amounted to $138.0 million, compared to $120.6 million in the third quarter of 2023 and $139.6 million in the prior quarter. For the nine months ended September 30, 2024, earnings per share totaled $3.00,. businesswire.com - 1 month ago
Gear Up for Commerce (CBSH) Q3 Earnings: Wall Street Estimates for Key Metrics Besides Wall Street's top -and-bottom-line estimates for Commerce (CBSH), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024. zacks.com - 1 month ago
Commerce Bancshares (CBSH) Earnings Expected to Grow: Should You Buy? Commerce (CBSH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 1 month ago
Undervalued Dividend Kings: October 2024 Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank Dividend Kings by quality score and highlight undervalued stocks for potential investment. The article provides tables and charts presenting quality scores, key metrics, and fair value estimates. seekingalpha.com - 1 month ago
High Rates & Loan Demand Aid Commerce Bancshares Amid Rising Expenses CBSH is well-poised for growth on modest loan demand, high rates and its balance sheet repositioning efforts. Yet, weak asset quality and high costs are woes. zacks.com - 1 month ago
8. Profile Summary

Commerce Bancshares, Inc. CBSH

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COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 9.18 B
Dividend Yield 0.92%
Description 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.
Contact 1000 Walnut, Kansas City, MO, 64106 https://www.commercebank.com
IPO Date March 17, 1980
Employees 4711
Officers Mr. Douglas D. Neff Senior Vice President Mr. Kevin Gene Barth Executive Vice President Mr. David W. Kemper Executive Chairman Mr. Matthew Burkemper Director of Finance, Corporate Development & Investor Relations Mr. Robert S. Holmes Executive Vice President Mr. David L. Roller Senior Vice President & Chief Information Officer Ms. Margaret M. Rowe Senior Vice President, General Counsel, Secretary & Executive Director of Corporate Risk Management Mr. Charles G. Kim Executive Vice President & Chief Financial Officer Mr. John Koeneman Handy Executive Vice President and President & Chief Executive Officer of Commerce Trust Company Mr. John W. Kemper President, Chief Executive Officer & Director