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CBSH

Commerce Bancshares, Inc.

CBSH

NASDAQ·Financial Services·Banks - Regional·Mkt cap $8.6B

$58.03

▼ -1.21%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$46.99 - $63.19

P/E

14.02

Fwd P/E

14.13

Beta

0.60

Div Yield

1.85%

Avg Vol

1.2M

Shares Out

146.9M

Mkt Cap

$8.6B

Price action

Price chart

Down 3.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Established 159-year heritage and strong regional brand recognition
  • Diversified revenue streams across consumer, commercial, and wealth segments
  • Extensive Midwest branch network with 287 locations providing customer convenience
  • Deep community relationships and personalized service differentiating from larger national banks
▼

Bear Case

2 risks

  • Low volatility (beta 0.6).
  • Premium valuation to Commercial Banking peers

Growth

Stable outlook

Expansion of digital and mobile banking capabilities to capture tech-savvy customers

Value

Premium valuation to Commercial Banking peers

Momentum

Strong

+17.8% over 3m

Quality

Excellent

Excellent business quality

Dividend

Modest

1.85% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 16, 2026

“
LATEST RECAP

Earnings recap unavailable for this period.

EPS surprise · last 4Q

Q1 26

$0.97

Q4 25

$1.02

Q3 25

$1.01

Q2 25

$1.14

Next: Jul 16, 2026

Revenue trend · last 8Q

—

—

—

—

+7%

+6%

+7%

+16%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$417.7M

$425.2M

$423.1M

$420.5M

$445.8M

$448.9M

$452.3M

$487.3M

Margins · last 8Q

Gross

97.8%

Operating

38.0%

Profit

29.1%

View full earnings history →

Wall Street consensus

5 analysts · 20% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

20%

Hold

4

80%

Sell

0%

Median Price Target

$61.75

▲ +6.4% vs $58.03

Low $58.50
Median $61.75
High $65.00

Latest: Morgan Stanley · $65.00 · Jun 29, 2026

2 analysts covering

View full analyst page →

vs Industry

How CBSH stacks vs Banks - Regional

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.