Commerce Bancshares, Inc. (CBSH)
NEUTRALFundamental
61
Price
$58.20
Market Cap
$8.44B
Part 1 · What the company is worth
Overview
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: Retail Banking, Commercial, and Wealth. The Retail Banking 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; retail branch network; 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 offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$1.86B
Trailing 12 months (through 6/30/2026)
Net Income
$584M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$592M
Total Equity
$3.79B
Total Liabilities
$29.10B
Current Ratio
-
Interest Coverage
0.64
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$59.90
Current Price
$58.20
Margin of Safety
+2.8%
Fair Value Range
$44.48 - $75.31
Estimation Methods
Valuation Metrics
P/E Ratio
14.37
ROE
14.9%
P/B Ratio
1.93
P/FCF
6.93
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
9.6%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (13)
- EPS shows upward trend
- P/FCF 6.93
- P/B Ratio 1.93
- Operating Margin 40.7%
- Positive Free Cash Flow
- CapEx intensity
- Low reliance on intangibles
- ROE 14.4%
- Revenue Growth 5Y 5.1%
- PEG Ratio 1.43
- Earnings Quality (OCF/NI) 2.16
- Share Dilution -1.7%
- Piotroski F-Score 7/9
Failed (10)
- EPS CAGR 3.53%
- Price CAGR 3.07%
- Debt/Equity ratio
- Interest Coverage
- Return on Tangible Assets
- Price below Graham Number
- DCF valuation (Fairly valued)
- Analyst Consensus 40% Buy
- Earnings Surprise avg 1.0%
- Net Margin Trend 31.3% vs 32.5%
Unavailable (5)
- ROIC NaN%
- Gross Margin NaN%
- Dividend Payout NaN%
- Current Ratio
- Debt/EBITDA
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. John W. Kemper | President, CEO & Director | 47 |
| Mr. Charles G. Kim | Executive VP & CFO | 64 |
| Mr. Kevin Gene Barth | Executive Vice President | 64 |
| Mr. Robert S. Holmes | Executive Vice President | 61 |
| Mr. John Koeneman Handy | Executive Vice President | 61 |
| Mr. David W. Kemper | Executive Chairman | 74 |
| Mr. Steven A. Brandjord | Corporate Controller & Chief Accounting Officer | - |
| Mr. Matthew Burkemper | Director of Finance, Corporate Development & Investor Relations | - |
| Ms. Margaret M. Rowe | Senior VP, General Counsel, Secretary & Executive Director of Corporate Risk Management | 60 |
| Mr. Douglas D. Neff | Senior Vice President | 56 |
Audit Risk
2
Board Risk
5
Compensation Risk
5
Shareholder Rights Risk
7
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for CBSH, sourced from Markets Gazette.
- 2/26/2026POSITIVEWaterford Advisors Loads Up on CBSH, Buying 44,000 Shares
Waterford Advisors has significantly increased its stake in Commerce Bancshares Inc., acquiring a substantial 44,000 shares of the company. This strategic move by a financial advisor of this stature signals strong confidence in the bank's future prospects. Commerce Bancshares, recognized for its diversified banking and wealth management services, operates a robust network of 287 locations across the Midwest. Waterford's substantial investment could be interpreted by the market as a positive indicator, suggesting that institutional investors perceive value and growth potential in Commerce Bancshares' business model and regional coverage. This development might attract further investor attention, potentially influencing the stock's valuation positively in the short to medium term.
via Markets Gazette