CBSH Stock Analysis: Commerce Bancshares | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 7.929m USD | 12M Return: -0.6% | US2005251036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 56.6M
EPS Trend: 95.0%
Qual. Beats: 2
Rev. Trend: 92.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Commerce Bancshares, Inc. (CBSH) is a U.S. bank holding company that operates Commerce Bank, delivering retail, mortgage, corporate, investment, trust, and asset management services to individuals and businesses. The company reports through three segments: Retail Banking, Commercial, and Wealth, covering consumer deposits and loans, corporate lending and treasury services, and trust, estate planning, and brokerage offerings.
Founded in 1865 and headquartered in Kansas City, Missouri, Commerce Bancshares is a mid-cap regional bank. As a regional bank, its business model is built on deposit gathering and relationship-based lending concentrated within a defined geographic footprint, supplemented by fee-generating wealth and treasury services. CBSH has been publicly traded on NASDAQ since 1984.
- Net interest margin compresses as Fed cuts rates
- Commercial loan growth drives segment revenue expansion
- Wealth management fees decline with equity market correction
| Net Income: 583.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.84 > 1.0 |
| NWC/Revenue: 301.5% < 20% (prev -758.3%; Δ 1.06k% < -1%) |
| CFO/TA 0.04 > 3% & CFO 1.26b > Net Income 583.6m |
| Net Debt (-6.51b) to EBITDA (831.0m): -7.84 < 3 |
| Current Ratio: 3.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (144.3m) vs 12m ago 8.84% < -2% |
| Gross Margin: 80.23% > 18% (prev 79.09%; Δ 1.14% > 0.5%) |
| Asset Turnover: 6.42% > 50% (prev 6.55%; Δ -0.13% > 0%) |
| Interest Coverage Ratio: 1.99 > 6 (EBIT TTM 759.3m / Interest Expense TTM 380.7m) |
| A: 0.19 (Total Current Assets 8.97b - Total Current Liabilities 2.43b) / Total Assets 35.3b |
| B: 0.01 (Retained Earnings 353.0m / Total Assets 35.3b) |
| C: 0.02 (EBIT TTM 759.3m / Avg Total Assets 33.8b) |
| D: 0.14 (Book Value of Equity 4.36b / Total Liabilities 30.9b) |
| Altman-Z'' = 1.55 = BB |
As of October 06, 2026, the stock is trading at USD 55.14 with a total of 1,222,432 shares traded. Over the past week, the price has changed by -1.32%, over one month by -5.37%, over three months by -5.68% and over the past year by -0.60%.
Current recommended Stop Loss: 53.50 (which is 3% or 1.8 ATR below the current price).
Commerce Bancshares has received a consensus analysts rating of 3.30. Therefore, it is recommended to hold CBSH.
- StrongBuy: 1
- Buy: 1
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 66.4 | 20.5% |
P/E Trailing = 13.4501
P/E Forward = 13.2275
P/S = 4.2987
P/B = 1.8297
P/EG = 2.0554
Revenue TTM = 2.17b USD
EBIT TTM = 759.3m USD
EBITDA TTM = 831.0m USD
Long Term Debt = 26.3m USD (from longTermDebt, last quarter)
Short Term Debt = 2.43b USD (from shortTermDebt, last quarter)
Debt = 2.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -6.51b USD (calculated: Debt 2.45b - CCE 8.97b)
Enterprise Value = 1.42b USD (7.93b + Debt 2.45b - CCE 8.97b)
Interest Coverage Ratio = 1.99 (Ebit TTM 759.3m / Interest Expense TTM 380.7m)
EV/FCF = 1.19x (Enterprise Value 1.42b / FCF TTM 1.19b)
FCF Yield = 84.18% (FCF TTM 1.19b / Enterprise Value 1.42b)
FCF Margin = 54.92% (FCF TTM 1.19b / Revenue TTM 2.17b)
Net Margin = 26.90% (Net Income TTM 583.6m / Revenue TTM 2.17b)
Gross Margin = 80.23% ((Revenue TTM 2.17b - Cost of Revenue TTM 428.8m) / Revenue TTM)
Gross Margin QoQ = 79.96% (prev 81.57%)
Tobins Q-Ratio = 0.04 (Enterprise Value 1.42b / Total Assets 35.3b)
Interest Expense / Debt = 15.51% (Interest Expense 380.7m / Debt 2.45b)
Taxrate = 22.23% (168.8m / 759.3m)
NOPAT = 590.5m (EBIT 759.3m * (1 - 22.23%))
Current Ratio = 3.69 (Total Current Assets 8.97b / Total Current Liabilities 2.43b)
Debt / Equity = 0.56 (Debt 2.45b / totalStockholderEquity, last quarter 4.36b)
Debt / EBITDA = -7.84 (Net Debt -6.51b / EBITDA 831.0m)
Debt / FCF = -5.47 (Net Debt -6.51b / FCF TTM 1.19b)
Total Stockholder Equity = 4.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.73% (Net Income 583.6m / Total Assets 35.3b)
RoE = 14.39% (Net Income TTM 583.6m / Total Stockholder Equity 4.06b)
RoCE = 18.60% (EBIT 759.3m / Capital Employed (Equity 4.06b + L.T.Debt 26.3m))
RoIC = 1.68% (NOPAT 590.5m / Invested Capital 35.2b)
WACC = 8.62% (E(7.93b)/V(10.4b) * Re(7.56%) + D(2.45b)/V(10.4b) * Rd(15.51%) * (1-Tc(0.22)))
Discount Rate = 7.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 63.74 | Cagr: 2.79%
[DCF] Terminal Value 77.09% ; FCFF base≈912.7m ; Y1≈1.05b ; Y5≈1.54b
[DCF] Fair Price = 199.5 (EV 22.1b - Net Debt -6.51b = Equity 28.6b / Shares 143.4m; r=8.62% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 94.96 | EPS CAGR: 10.43% | SUE: 0.98 | # QB: 2
Revenue Correlation: 92.42 | Revenue CAGR: 4.49% | SUE: 0.05 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.09 | Chg30d=-0.69% | Revisions=+44% | Analysts=8
EPS current Year (2026-12-31): EPS=4.30 | Chg30d=-0.20% | Revisions=+67% | GrowthEPS=+6.3% | GrowthRev=+12.1%
EPS next Year (2027-12-31): EPS=4.58 | Chg30d=+0.09% | Revisions=+70% | GrowthEPS=+8.1% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: +77% (up=18, down=1)