Commerce Bancshares, Inc. (CBSH)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total net revenue | $m | 1,347 | 1,426 | 1,509 | 1,586 | 1,664 | 1,768 | 1,788 | - |
| Operating profit | $m | 732 | 759 | ||||||
| Net profit | $m | 354 | 531 | 488 | 477 | 526 | 566 | 584 | 589 |
| EPS reported | $ | 4.08 | 4.11 | ||||||
| Operating cashflow per share | $ | 4.64 | 8.75 | ||||||
| Capex per share | $ | 0.38 | 0.49 | ||||||
| FCF per share | $ | 4.26 | 8.25 | ||||||
| Free cash flow | $m | 592 | 1,191 | ||||||
| Net debt | $m | -6,896 | -6,514 | ||||||
| Book value equity | $m | 3,791 | 4,358 | ||||||
| Book value per share | $ | 27.30 | 30.20 | ||||||
| Number of shares | m | 138.9 | 144.31 | ||||||
| DPS (TTM paid) | $ | 1.09 | 1.10 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 12.83 | 13.73 | ||||||
| P/B LTM | x | 1.92 | 1.67 | ||||||
| P/S LTM | x | 4.11 | 4.06 | ||||||
| P/FCF LTM | x | 12.27 | 6.10 | ||||||
| EV/EBITDA LTM | x | 12.30 | 11.40 | ||||||
| EV/Sales LTM | x | 4.43 | 4.76 | ||||||
| Earnings Yield LTM | % | +7.79% | +7.28% | ||||||
| FCF Yield | % | +8.15% | +16.39% | ||||||
| Quality | |||||||||
| ROE | % | +14.94% | +14.39% | ||||||
| ROIC | % | +4.22% | +5.97% | ||||||
| Operating margin | % | +34.20% | +35.00% | ||||||
| Gross margin | % | +80.00% | +80.23% | ||||||
| FCF/Sales | % | +27.69% | +54.92% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +5.43% | +6.20% | ||||||
| Sales Growth YoY | % | +6.26% | +7.50% | ||||||
| Net Income Growth YoY | % | +7.58% | +10.88% | ||||||
| FCF Growth | % | +11.41% | +124.04% | ||||||
| Operating Profit Growth | % | +7.70% | +11.74% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.07% | +1.88% | ||||||
| Dividend Growth | % | +10.95% | +12.29% | ||||||
| Payout Ratio | % | +26.51% | +27.07% | ||||||
| FCF/Debt | x | 0.20 | 0.49 | ||||||
| Net Debt/EBITDA | x | 2.86 | 2.18 | ||||||
| EBIT/Net interest | x | 1.97 | 1.99 | ||||||
| Net debt/market cap | % | +41.30% | +28.85% | ||||||
| Net debt/Equity | x | -1.82 | -1.49 | ||||||
| Gross debt/equity | x | 0.79 | 0.56 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Commerce Bancshares, Inc. functions as the parent organization for Commerce Bank, delivering a comprehensive suite of financial products and services. These offerings span retail banking, mortgage services, corporate finance, investment solutions, trust administration, and asset management, catering to both individuals and businesses across the United States. Its operational structure is divided into three principal divisions: Consumer, Commercial, and Wealth Management. The Consumer division focuses on individual clients, providing essential banking services such as deposit accounts and a diverse range of personal loans. These include financing for automobiles, motorcycles, marine vehicles, tractor/trailers, recreational vehicles, fixed-rate and revolving home equity loans, and other personal credit products. This segment also facilitates patient healthcare funding, real estate loans, various indirect consumer financing options, personalized mortgage banking, installment lending, and consumer debit and credit cards. The Commercial segment offers robust support to businesses and institutional clients through corporate lending, equipment leasing, international banking, merchant and commercial card services, and secure securities safekeeping with bond accounting. It also manages specific business products, government deposit accounts, and extensive commercial cash management solutions. Additionally, this segment trades fixed-income securities to correspondent banks, corporate entities, public institutions, municipalities, and individual investors. Within the Wealth Management division, the company delivers traditional trust and estate planning, expert advisory and discretionary investment portfolio management, brokerage services, and exclusive private banking accounts. Beyond these core segments, Commerce Bancshares further offers private equity investment opportunities, securities brokerage, insurance agency functions, specialized lending, and additional leasing services. It also ensures convenient access to banking through its online and mobile platforms. The company maintains a significant physical presence with 287 branch locations distributed across Missouri, Kansas, Illinois, Oklahoma, and Colorado, complemented by several dedicated commercial offices. Established in 1865, Commerce Bancshares, Inc. is headquartered in Kansas City, Missouri.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Commerce Bancshares, Inc. (CBSH)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Commerce Bancshares, Inc. functions as the parent organization for Commerce Bank, delivering a comprehensive suite of financial products and services. These offerings span retail banking, mortgage services, corporate finance, investment solutions, trust administration, and asset management, catering to both individuals and businesses across the United States. Its operational structure is divided into three principal divisions: Consumer, Commercial, and Wealth Management. The Consumer division focuses on individual clients, providing essential banking services such as deposit accounts and a diverse range of personal loans. These include financing for automobiles, motorcycles, marine vehicles, tractor/trailers, recreational vehicles, fixed-rate and revolving home equity loans, and other personal credit products. This segment also facilitates patient healthcare funding, real estate loans, various indirect consumer financing options, personalized mortgage banking, installment lending, and consumer debit and credit cards. The Commercial segment offers robust support to businesses and institutional clients through corporate lending, equipment leasing, international banking, merchant and commercial card services, and secure securities safekeeping with bond accounting. It also manages specific business products, government deposit accounts, and extensive commercial cash management solutions. Additionally, this segment trades fixed-income securities to correspondent banks, corporate entities, public institutions, municipalities, and individual investors. Within the Wealth Management division, the company delivers traditional trust and estate planning, expert advisory and discretionary investment portfolio management, brokerage services, and exclusive private banking accounts. Beyond these core segments, Commerce Bancshares further offers private equity investment opportunities, securities brokerage, insurance agency functions, specialized lending, and additional leasing services. It also ensures convenient access to banking through its online and mobile platforms. The company maintains a significant physical presence with 287 branch locations distributed across Missouri, Kansas, Illinois, Oklahoma, and Colorado, complemented by several dedicated commercial offices. Established in 1865, Commerce Bancshares, Inc. is headquartered in Kansas City, Missouri.
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