Commerce Bancshares Inc. (CBSH)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$1.9B

Revenue growth

8.6%

Net income, last twelve months

$583.6M

Earnings per share

$4.13

Net margin

31.3%

Free cash flow

$1.2B

Return on equity

13.4%

Market value

$7.9B

Price to earnings

13.3x

Dividend yield

2.0%

Cash

$2.9B

Debt

$2.5B

Debt to equity

0.56

Shares outstanding

143.4M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

Company events

The newest 8-K filings of 192 held.

Every filing

The newest filings with the SEC of 506 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

561 funds held it at 30 Jun 2026: 243 added and 142 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Bank of Nova Scotia (BNS): revenue $27.0B, market value $116.9B
• Bank of New York Mellon Corp. (BNY): revenue $21.4B, market value $100.9B
• Itaú Unibanco Holding S.A. (ITUB): revenue $30.1B, market value $81.6B
• Fifth Third Bancorp (FITB): revenue $10.7B, market value $48.5B
• State Street Corp. (STT): revenue $15.5B, market value $47.4B
• M&T Bank Corp. (MTB): revenue $10.0B, market value $31.8B
• Northern Trust Corp. (NTRS): revenue $9.1B, market value $31.4B
• Banco Bradesco S.A. (BBD): revenue –, market value $28.9B
• Citizens Financial Group Inc. (CFG): revenue $8.9B, market value $27.5B
• First Citizens Bancshares Inc. (FCNCA): revenue $9.6B, market value $26.9B

What the company does

Commerce Bancshares is the bank holding company for Commerce Bank, headquartered in Missouri. It was incorporated under the laws of Missouri on August 4, 1966, and owns the bank through a second tier wholly-owned bank holding company. The bank provides retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals, businesses and municipalities. The company describes itself as one of the nation's top 50 bank holding companies by asset size.

Where it operates

Its principal markets are served by 140 branch facilities, located mainly in Missouri, Kansas and central Illinois, plus Tulsa and Oklahoma City, Oklahoma and Denver, Colorado. St. Louis and Kansas City are its two largest markets and serve as central hubs. It also has offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, Grand Rapids and Naples that support commercial and wealth customers, and a commercial payments business with sales representatives covering the continental United States. Customers reach the bank through branches, ATMs, online banking, a mobile application and a centralized contact center. The company calls its approach a super-community banking format: large bank products with bankers assigned to each local market and regional advisory boards.

Three segments

The Commercial segment provides corporate lending, merchant and commercial bank card products, payment solutions, leasing and international services, along with business and government deposit, institutional brokerage and cash management services. The Retail Banking segment, previously called the Consumer segment, covers the retail branch network, consumer installment lending, personal mortgage banking and consumer debit and credit cards. The Wealth segment provides trust and estate planning, consumer brokerage, and advisory and discretionary investment portfolio management for personal and institutional customers. In 2025 the three segments contributed 48%, 28% and 24% of total segment pre-tax income.

Acquisitions

On January 1, 2026 the company completed its acquisition of FineMark Holdings in an all-stock transaction, and FineMark National Bank & Trust merged into Commerce Bank. FineMark has 13 banking offices in Florida, Arizona and South Carolina, and it adds to the Wealth segment. In the second quarter of 2023 the company acquired L.J. Hart & Company, a municipal bond underwriter and advisor.

People

At December 31, 2025 the company employed 4,577 people full-time and 160 part-time. None of its employees are represented by collective bargaining agreements.

*From Commerce Bancshares' annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/22356/000002235626000069/cbsh-20251231.htm)*

From the company's 10-K.