CBSH Stock Analysis: Commerce Bancshares | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 8.459m USD | 12M Return: -2.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 77.0M
EPS Trend: 90.8%
Qual. Beats: 1
Rev. Trend: 90.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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 headquartered in Kansas City, Missouri, founded in 1865. Through its subsidiary Commerce Bank, the company provides retail, mortgage, commercial, investment, trust, and asset management services to individuals and businesses, organized into three reporting segments: Retail Banking, Commercial, and Wealth. The Retail Banking segment covers consumer deposits, consumer lending (including auto, marine, RV, and home equity loans), real estate loans, and debit/credit card products; the Commercial segment delivers corporate lending, leasing, treasury/cash management, merchant and commercial card services, and securities safekeeping; and the Wealth segment provides trust, estate planning, investment management, brokerage, and private banking.
As a mid-cap regional bank within the Financials sector, CBSH operates a diversified, multi-segment model typical of larger super-regional institutions, combining traditional deposit-taking and lending with fee-generating wealth and capital markets services. The company also offers private equity, insurance, specialty lending, and digital banking channels, and has been publicly traded since its 1984 IPO.
- Net interest margin expansion lifts profitability amid higher rates
- Commercial loan growth drives net interest income higher
- Wealth management fees rise on stronger AUM and market gains
| Net Income: 576.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 1.50 > 1.0 |
| NWC/Revenue: 300.9% < 20% (prev -1.05k%; Δ 1.35k% < -1%) |
| CFO/TA 0.03 > 3% & CFO 1.19b > Net Income 576.3m |
| Net Debt (-6.63b) to EBITDA (821.2m): -8.08 < 3 |
| Current Ratio: 3.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (145.9m) vs 12m ago 8.62% < -2% |
| Gross Margin: 80.71% > 18% (prev 78.23%; Δ 2.48% > 0.5%) |
| Asset Turnover: 6.48% > 50% (prev 6.49%; Δ -0.01% > 0%) |
| Interest Coverage Ratio: 2.01 > 6 (EBIT TTM 749.5m / Interest Expense TTM 373.3m) |
| A: 0.19 (Total Current Assets 9.22b - Total Current Liabilities 2.58b) / Total Assets 35.7b |
| B: 0.01 (Retained Earnings 233.1m / Total Assets 35.7b) |
| C: 0.02 (EBIT TTM 749.5m / Avg Total Assets 34.0b) |
| D: 0.14 (Book Value of Equity 4.30b / Total Liabilities 31.4b) |
| Altman-Z'' = 1.53 = BB |
As of July 08, 2026, the stock is trading at USD 58.84 with a total of 763,557 shares traded. Over the past week, the price has changed by +1.29%, over one month by +10.17%, over three months by +18.37% and over the past year by -2.87%.
Current recommended Stop Loss: 57.50 (which is 2.3% or 1.3 ATR below the current price).
Commerce Bancshares has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold CBSH.
- StrongBuy: 0
- Buy: 0
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 59.3 | 0.7% |
P/E Trailing = 14.258
P/E Forward = 12.837
P/S = 4.747
P/B = 1.9675
P/EG = 2.0554
Revenue TTM = 2.21b USD
EBIT TTM = 749.5m USD
EBITDA TTM = 821.2m USD
Long Term Debt = 8.04m USD (from longTermDebt, last quarter)
Short Term Debt = 2.58b USD (from shortTermDebt, last quarter)
Debt = 2.58b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -6.63b USD (calculated: Debt 2.58b - CCE 9.22b)
Enterprise Value = 1.83b USD (8.46b + Debt 2.58b - CCE 9.22b)
Interest Coverage Ratio = 2.01 (Ebit TTM 749.5m / Interest Expense TTM 373.3m)
EV/FCF = 1.63x (Enterprise Value 1.83b / FCF TTM 1.12b)
FCF Yield = 61.50% (FCF TTM 1.12b / Enterprise Value 1.83b)
FCF Margin = 50.86% (FCF TTM 1.12b / Revenue TTM 2.21b)
Net Margin = 26.11% (Net Income TTM 576.3m / Revenue TTM 2.21b)
Gross Margin = 80.71% ((Revenue TTM 2.21b - Cost of Revenue TTM 425.9m) / Revenue TTM)
Gross Margin QoQ = 81.57% (prev 80.39%)
Tobins Q-Ratio = 0.05 (Enterprise Value 1.83b / Total Assets 35.7b)
Interest Expense / Debt = 14.44% (Interest Expense 373.3m / Debt 2.58b)
Taxrate = 22.02% (165.1m / 749.5m)
NOPAT = 584.4m (EBIT 749.5m * (1 - 22.02%))
Current Ratio = 3.58 (Total Current Assets 9.22b / Total Current Liabilities 2.58b)
Debt / Equity = 0.60 (Debt 2.58b / totalStockholderEquity, last quarter 4.30b)
Debt / EBITDA = -8.08 (Net Debt -6.63b / EBITDA 821.2m)
Debt / FCF = -5.91 (Net Debt -6.63b / FCF TTM 1.12b)
Total Stockholder Equity = 3.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.69% (Net Income 576.3m / Total Assets 35.7b)
RoE = 14.87% (Net Income TTM 576.3m / Total Stockholder Equity 3.88b)
RoCE = 19.29% (EBIT 749.5m / Capital Employed (Equity 3.88b + L.T.Debt 8.04m))
RoIC = 1.64% (NOPAT 584.4m / Invested Capital 35.6b)
WACC = 8.66% (E(8.46b)/V(11.0b) * Re(7.87%) + D(2.58b)/V(11.0b) * Rd(14.44%) * (1-Tc(0.22)))
Discount Rate = 7.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -20.0 | Cagr: 2.98%
[DCF] Terminal Value 76.96% ; FCFF base≈886.9m ; Y1≈1.02b ; Y5≈1.50b
[DCF] Fair Price = 191.9 (EV 21.3b - Net Debt -6.63b = Equity 28.0b / Shares 145.8m; r=8.66% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.77 | EPS CAGR: 9.30% | SUE: 2.13 | # QB: 1
Revenue Correlation: 90.81 | Revenue CAGR: 6.17% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.05 | Chg30d=+0.80% | Revisions=+29% | Analysts=6
EPS next Quarter (2026-09-30): EPS=1.04 | Chg30d=+0.41% | Revisions=+0% | Analysts=7
EPS current Year (2026-12-31): EPS=4.17 | Chg30d=+0.43% | Revisions=+22% | GrowthEPS=+3.3% | GrowthRev=+11.2%
EPS next Year (2027-12-31): EPS=4.41 | Chg30d=+0.54% | Revisions=+30% | GrowthEPS=+7.4% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: +27% (up=15, down=8)