CBSH Stock - Commerce Bancshares, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.09B | $1.97B | $1.57B | $1.44B | $1.39B |
| Gross Profit | $1.63B | $1.55B | $1.48B | $1.49B | $1.21B |
| Gross Margin | 77.9% | 78.7% | 94.6% | 103.7% | 87.0% |
| Operating Income | $679.49M | $619.73M | $632.38M | $686.30M | $441.18M |
| Net Income | $526.33M | $477.06M | $488.40M | $530.76M | $354.06M |
| Net Margin | 25.1% | 24.2% | 31.2% | 36.9% | 25.5% |
| EPS | $3.88 | $3.47 | $3.50 | $3.73 | $2.39 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 6th 2025 | Hovde Group | Initiation | Outperform | $70 |
| September 25th 2025 | TD Cowen | Initiation | Hold | $63 |
| April 7th 2025 | Morgan Stanley | Upgrade | Equal Weight | $58 |
| December 19th 2024 | Raymond James | Downgrade | Market Perform | - |
| September 30th 2024 | Morgan Stanley | Downgrade | Equal Weight | $64← $66 |
| April 17th 2024 | Raymond James | Upgrade | Outperform | $61 |
| January 11th 2024 | BofA Securities | Initiation | Neutral | $55 |
| September 27th 2023 | Morgan Stanley | Upgrade | Equal Weight | $49← $48 |
| May 16th 2023 | Morgan Stanley | Downgrade | Underweight | $48← $50 |
| December 5th 2022 | Morgan Stanley | Initiation | Equal Weight | $74 |
Earnings History & Surprises
CBSHEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 14, 2026 | — | — | — | — |
Q1 2026 | Jan 28, 2026 | $1.03 | — | — | — |
Q4 2025 | Oct 16, 2025 | $1.04 | $1.06 | +1.9% | ✓ BEAT |
Q3 2025 | Jul 16, 2025 | $1.04 | $1.14 | +9.6% | ✓ BEAT |
Q2 2025 | Apr 16, 2025 | $0.93 | $0.98 | +5.3% | ✓ BEAT |
Q1 2025 | Jan 22, 2025 | $0.94 | $1.01 | +7.4% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $1.00 | $1.07 | +7.0% | ✓ BEAT |
Q3 2024 | Jul 18, 2024 | $0.90 | $1.07 | +18.9% | ✓ BEAT |
Q2 2024 | Apr 16, 2024 | $0.81 | $0.86 | +6.2% | ✓ BEAT |
Q1 2024 | Jan 18, 2024 | $0.85 | $0.97 | +14.1% | ✓ BEAT |
Q4 2023 | Oct 18, 2023 | $0.93 | $0.96 | +3.2% | ✓ BEAT |
Q3 2023 | Jul 19, 2023 | $0.94 | $1.02 | +8.5% | ✓ BEAT |
Q2 2023 | Apr 18, 2023 | $0.92 | $0.95 | +3.3% | ✓ BEAT |
Q1 2023 | Jan 19, 2023 | $1.03 | $1.04 | +1.0% | ✓ BEAT |
Q4 2022 | Oct 18, 2022 | $0.98 | $0.97 | -1.0% | ✗ MISS |
Q3 2022 | Jul 21, 2022 | $0.91 | $0.91 | 0.0% | = MET |
Q2 2022 | Apr 19, 2022 | $0.84 | $0.92 | +9.5% | ✓ BEAT |
Q1 2022 | Jan 19, 2022 | $0.89 | $0.90 | +1.1% | ✓ BEAT |
Q4 2021 | Oct 19, 2021 | $0.90 | $0.95 | +5.6% | ✓ BEAT |
Q3 2021 | Jul 22, 2021 | $0.92 | $1.25 | +35.9% | ✓ BEAT |
Latest News
Commerce Bancshares And FineMark Holdings Announces The Exchange Ratio For The Pending Acquisition Of FineMark Holdings Has Been Adjusted To 0.7245 Shares Of Commerce Stock For Each Share Of FineMark Stock.
➖ NeutralCommerce Bancshares Authorizes Repurchase Of Up To 5M Shares of Common Stock
📈 PositiveWells Fargo Maintains Equal-Weight on Commerce Bancshares, Lowers Price Target to $60
➖ NeutralPiper Sandler Maintains Neutral on Commerce Bancshares, Lowers Price Target to $63
➖ NeutralKeefe, Bruyette & Woods Maintains Market Perform on Commerce Bancshares, Lowers Price Target to $60
➖ NeutralCommerce Bancshares shares are trading lower after the company reported worse-than-expected Q3 financial results.
📉 NegativeCommerce Bancshares Q3 EPS $1.06 Misses $1.10 Estimate, Sales $440.968M Miss $447.842M Estimate
📉 NegativeFineMark's Shareholders Approve Proposed Takeover By Commerce Bancshares
📈 PositiveHovde Group Initiates Coverage On Commerce Bancshares with Outperform Rating, Announces Price Target of $70
📈 PositiveMorgan Stanley Maintains Equal-Weight on Commerce Bancshares, Raises Price Target to $70
➖ NeutralWells Fargo Maintains Equal-Weight on Commerce Bancshares, Lowers Price Target to $65
➖ NeutralTD Cowen Initiates Coverage On Commerce Bancshares with Hold Rating, Announces Price Target of $63
➖ NeutralCommerce Bancshares Secures Regulatory Approvals For Merger With FineMark Holdings; Closing Expected Jan. 1, 2026
📈 PositiveFrequently Asked Questions about CBSH
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