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    C

    Commerce Bancshares Inc (CBSH)

    Official site

    FINANCIAL SERVICES • BANKS - REGIONAL • NASDAQ

    $55.56
    +1.14 (+2.09%)

    Market Cap: $7.81B

    Last updated: Oct 16, 2026 at 1:54 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    74%(29/39)
    Avg Surprise
    +5.25%
    Streak
    3 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.08
    Range$1.04 - $1.11
    8 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.06+1.5%
    60d ago$1.09-1.1%
    30d ago$1.09-1.5%
    7d ago$1.09-0.8%
    Current$1.08
    Revenue Consensus
    $497M
    Range$492M - $500M
    7 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.24
    Range$1.18 - $1.30
    9 analysts
    Revenue Consensus
    $519M
    Range$504M - $544M
    8 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.24---
    Sep 26EST
    		-$1.08---
    Jun 26
    Reported Jul 16
    		$1.10$1.04+5.77%Beat+0.9%
    Mar 26
    Reported Apr 21
    		$1.05$0.93+12.90%Beat+12.9%
    Dec 25
    Reported Jan 22
    		$1.01$1.00+1.00%Beat+5.2%
    Sep 25
    Reported Oct 16
    		$1.01$1.05-3.81%Miss+4.1%
    Jun 25
    Reported Jul 16
    		$1.09$1.00+9.00%Beat+12.4%
    Mar 25
    Reported Apr 16
    		$0.93$0.90+3.33%Beat+19.2%
    Dec 24
    Reported Jan 22
    		$0.96$0.89+7.87%Beat+26.3%
    Sep 24
    Reported Oct 17
    		$0.97$0.91+6.59%Beat+16.9%
    Jun 24
    Reported Jul 18
    		$0.97$0.82+18.29%Beat+10.2%
    Mar 24
    Reported Apr 16
    		$0.78$0.73+6.85%Beat-4.9%
    Dec 23
    Reported Jan 18
    		$0.76$0.77-1.30%Miss-15.6%
    Sep 23
    Reported Oct 18
    		$0.83$0.80+3.75%Beat-1.2%
    Jun 23
    Reported Jul 19
    		$0.88$0.81+8.64%Beat+11.4%
    Mar 23
    Reported Apr 18
    		$0.82$0.80+2.50%Beat+2.5%
    Dec 22
    Reported Jan 19
    		$0.90$0.88+2.27%Beat+16.9%
    Sep 22
    Reported Oct 18
    		$0.84$0.85-1.18%Miss+10.5%
    Jun 22
    Reported Jul 21
    		$0.79$0.78+1.28%Beat-20.2%
    Mar 22
    Reported Apr 19
    		$0.80$0.72+11.11%Beat-3.6%
    Dec 21
    Reported Jan 19
    		$0.77$0.78-1.28%Miss-11.5%
    Sep 21
    Reported Oct 19
    		$0.76$0.77-1.30%Miss+1.3%
    Jun 21
    Reported Jul 22
    		$0.99$0.79+25.32%Beat+253.6%
    Mar 21
    Reported Apr 15
    		$0.83$0.74+12.16%Beat+102.4%
    Dec 20
    Reported Jan 20
    		$0.87$0.74+17.57%Beat+35.9%
    Sep 20
    Reported Oct 20
    		$0.75$0.52+44.23%Beat+7.1%
    Jun 20
    Reported Jul 21
    		$0.28$0.40-30.00%Miss-58.8%
    Mar 20
    Reported Apr 28
    		$0.41$0.51-19.61%Miss-31.7%
    Dec 19
    Reported Jan 22
    		$0.64$0.65-1.54%Miss-4.5%
    Sep 19
    Reported Oct 16
    		$0.70$0.65+7.69%Beat+0.0%
    Jun 19
    Reported Jul 16
    		$0.68$0.67+1.49%Beat+0.0%
    Mar 19
    Reported Apr 11
    		$0.60$0.64-6.25%Miss-3.2%
    Dec 18
    Reported Jan 17
    		$0.67$0.67+0.00%Beat+15.5%
    Sep 18
    Reported Oct 11
    		$0.70$0.65+7.69%Beat+52.2%
    Jun 18
    Reported Jul 12
    		$0.68$0.60+13.33%Beat+41.7%
    Mar 18
    Reported Apr 12
    		$0.62$0.54+14.81%Beat+40.9%
    Dec 17
    Reported Jan 18
    		$0.58$0.49+18.37%Beat+31.8%
    Sep 17
    Reported Oct 12
    		$0.46$0.48-4.17%Miss-
    Jun 17
    Reported Jul 13
    		$0.48$0.45+6.67%Beat-
    Mar 17
    Reported Apr 13
    		$0.44$0.42+4.76%Beat-
    Dec 16
    Reported Feb 23
    		$0.44$0.44+0.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield1.98%
    Forward Annual Dividend$1.10
    Payout Ratio26.70%
    FrequencyQuarterly
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+1.24%
    5Y CAGR-4.01%
    CBSH dividend history and ex-dividend datesRun CBSH in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio13.32EV/EBITDA9.29x
    Price/FCF6.57xFCF Yield15.23%
    Profitability
    Profit Margin31.60%Operating Margin45.10%
    ROE14.70%ROIC13.18%
    Financial Health
    Debt/Equity0.01xInterest Coverage1.99x
    Current RatioN/AQuick RatioN/A
    Trading Statistics
    Beta0.59Avg Volume1.01M
    52-Week High$60.6352-Week Low$46.52

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$54.70
    SMA 20$55.24
    SMA 50$57.12
    SMA 200$53.98
    EMA 10$54.86
    EMA 20$55.37
    EMA 50$56.31
    EMA 200$55.15

    MACD

    Line: -0.73Signal: -0.81Hist: 0.09

    ADX

    ADX: 33.5+DI: 21.8-DI: 26.9

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down76.0
    PSAR$53.59

    Bollinger Bands

    Upper Band$56.91
    Lower Band$53.57
    %B Position604%(Upper)
    Band Width0.60

    RSI (14-Day)

    Neutral
    48.6

    Momentum Oscillators

    Stoch %K41.1
    Stoch %D33.6
    Williams %R-32.8
    ROC (10d)1.3%
    Momentum0.73
    CCI (20d)0.3
    MFI (14d)26.3

    Volatility Measures

    ATR (14d)$0.94(1.7%)
    StdDev (20d)0.83
    Hist Vol15.5%(Low)

    Volume Flow

    VWAP$55.26
    OBV24.7M
    AD Line-1.2B
    CMF (20d)-0.055

    Volume Metrics

    Avg Vol (20d)1.0M
    Vol Ratio0.8x
    VWMA (20d)$55.44

    Pivot Points

    R3$55.61
    R2$55.04
    R1$54.73
    Pivot Point$54.16
    S1$53.85
    S2$53.28
    S3$52.97

    Advanced Oscillators

    TSI-25.74
    Ultimate Osc58.6
    KST-51.44

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$498.91M$487.34M$448.63M$448.85M$446.20M$420.46M$423.06M$425.25M$417.73M$397.59M$400.90M$395.79M
    Cost of RevenueN/A$107.63M$106.46M$114.71M$97.09M$109.75M$116.27M$118.86M$112.58M$114.51M$120.07M$124.26M
    Gross ProfitN/A$476.38M$436.30M$428.79M$440.16M$405.97M$409.55M$416.11M$412.26M$392.80M$395.02M$384.15M
    Operating Expenses$297.07M$291.13M$253.00M$244.02M$244.44M$238.38M$235.72M$237.60M$232.21M$245.70M$251.25M$228.01M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$0$0
    Operating IncomeN/A$185.25M$183.30M$184.77M$196.16M$167.60M$173.83M$178.51M$180.04M$147.10M$143.77M$156.14M
    Interest Income$407.33M$396.51M$373.62M$374.11M$371.64M$364.37M$369.40M$372.07M$369.36M$358.72M$362.61M$361.16M
    Interest Expense$92.25M$96.67M$90.47M$94.65M$91.49M$95.26M$102.76M$109.72M$107.11M$109.72M$114.19M$112.61M
    Income Before Tax$205.94M$185.25M$183.30M$184.77M$196.16M$167.60M$173.83M$178.51M$180.04M$147.10M$143.77M$156.14M
    Income Tax Expense$45.77M$40.88M$40.62M$41.15M$42.40M$36.96M$36.59M$38.24M$38.60M$31.65M$32.31M$33.44M
    Net Income$160.17M$144.37M$142.68M$143.62M$153.76M$130.63M$137.24M$140.26M$141.44M$115.45M$111.46M$122.70M
    EBITDA$202.55M$204.47M$189.19M$195.11M$204.47M$177.59M$183.78M$193.35M$191.32M$164.28M$160.94M$172.50M
    EBIT$193.11M$185.25M$179.64M$184.77M$196.16M$167.60M$173.83M$178.51M$180.04M$147.10M$143.77M$156.14M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Do Options Traders Know Something About CBSH Stock We Don't?

    Options traders are showing significant interest in Commerce Bancshares, Inc. (CBSH) with a specific call option exhibiting high implied volatility, suggesting expectations for a large price movement. Despite this...

    TradingView•10/15/26•Neutral

    Commerce Bancshares (CBSH) Could Be 18% Below Fair Value On Earnings Focus

    Commerce Bancshares (CBSH) is gaining attention due to a positive Earnings ESP and a Zacks Rank #3 ahead of its September 2026 quarterly report. Despite recent short-term share price dips...

    Simply Wall Street•10/14/26•Somewhat-Bullish

    Commerce Bancshares, Inc. (CBSH) Stock Forecasts

    Argus has decreased its rating for Commerce Bancshares Inc. (CBSH) to a HOLD, with the current price at $54.12. The report, dated October 7, 2026...

    Yahoo! Finance Canada•10/13/26•Somewhat-Bearish

    Commerce Bancshares (CBSH) Set to Announce Earnings on Tuesday

    Commerce Bancshares (CBSH) is expected to release its Q3 2026 earnings before the market opens on Tuesday, October 20th. Analysts project the company to report earnings of $1.07 per share on revenue of $496.75 million....

    MarketBeat•10/13/26•Somewhat-Bullish

    Commerce Bancshares (NASDAQ:CBSH) Upgraded to "Hold" at Wall Street Zen

    Wall Street Zen upgraded Commerce Bancshares (NASDAQ:CBSH) from "sell" to "hold," aligning with the broader analyst consensus. The company reported strong quarterly earnings...

    MarketBeat•10/11/26•Somewhat-Bullish

    CBSH Valuation and Fair Value

    P/E
    13.3x
    Forward P/E
    13.2x
    EV/EBITDA
    9.3x
    P/FCF
    6.6x
    PEG
    2.1x
    P/B
    1.8x
    See GNG's fair value

    CBSH Profitability: Margins, ROIC and FCF

    Operating margin
    45.1%
    Net margin
    31.6%
    ROIC
    13.2%
    ROE
    14.7%
    FCF margin
    64.4%
    FCF yield
    15.2%

    CBSH Competitors

    CompanyTicker
    Janus Henderson Group PLCJHG
    Lincoln National CorporationLNC
    Kinsale Capital Group IncKNSL
    Morningstar IncMORN
    The Hanover Insurance Group IncTHG
    Stonex Group IncSNEX
    Western Alliance BancorporationWAL
    AXIS Capital Holdings LtdAXS

    Sector: Financial Services

    CBSH Analyst Ratings

    Consensus
    Hold
    Analysts
    10
    Strong Buy
    1
    Buy
    1
    Hold
    8
    Sell
    0
    Strong Sell
    0

    CBSH Bull Case vs Bear Case

    Bull case

    • CBSH converts 64.4% of revenue into free cash flow.
    • CBSH has a 31.6% net profit margin.
    • CBSH beat EPS estimates in 87.5% of its last 8 reported quarters.

    CBSH Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    5.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.08
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    CBSH Dividend

    Forward yield
    2.0%
    Payout ratio
    26.7%
    3Y DPS growth
    1.2%
    5Y DPS growth
    -4.0%
    Pay months
    Mar, Jun, Sep, Dec
    CBSH dividend history

    Frequently Asked Questions About CBSH

    What is CBSH's current dividend yield?

    Commerce Bancshares Inc (CBSH) has a forward dividend yield of 1.98%.

    Does CBSH pay dividends?

    Yes, Commerce Bancshares Inc pays dividends with a forward dividend yield of 1.98%.

    What is CBSH's P/E ratio?

    Commerce Bancshares Inc has a price-to-earnings (P/E) ratio of 13.32.

    What is CBSH's market cap?

    Commerce Bancshares Inc (CBSH) has a market capitalization of $7.81B with a current stock price of $55.56.

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