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Commerce Bancshares Inc Stock Research

CBSH

58.06USD+0.27(+0.47%)Market Closed

Market Summary

USD58.06+0.27
Market Closed
0.47%

CBSH Alerts

CBSH Stock Price

CBSH RSI Chart

CBSH Valuation

Market Cap

6.9B

Price/Earnings (Trailing)

14.19

Price/Sales (Trailing)

6.94

EV/EBITDA

3.72

Price/Free Cashflow

14.02

CBSH Price/Sales (Trailing)

CBSH Profitability

EBT Margin

63.30%

Return on Equity

19.81%

Return on Assets

1.53%

Free Cashflow Yield

7.13%

CBSH Fundamentals

CBSH Revenue

Revenue (TTM)

999.0M

Revenue Y/Y

36.06%

Revenue Q/Q

9.03%

CBSH Earnings

Earnings (TTM)

488.4M

Earnings Y/Y

14.55%

Earnings Q/Q

7.17%

Price Action

52 Week Range

55.7275.06
(Low)(High)

Last 7 days

-1.3%

Last 30 days

-13.0%

Last 90 days

-13.2%

Trailing 12 Months

-20.3%

CBSH Financial Health

CBSH Investor Care

Dividend Yield

1.74%

Dividend/Share (TTM)

1.01

Shares Dilution (1Y)

2.74%

Diluted EPS (TTM)

3.85

Peers (Alternatives to Commerce Bancshares)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
BNS
56.4B
40.0B
 -7.13% -31.27%
5.3
1.79
 34.99% -10.60%
MTB
20.6B
6.2B
 -24.47% -35.33%
14.94
3.3
 58.61% -25.85%
CFG
15.0B
7.1B
 -27.24% -35.42%
7.24
2.13
 45.54% -10.61%
MID-CAP
EWBC
7.9B
2.3B
 -27.45% -31.57%
6.96
3.38
 43.40% 29.22%
CBSH
6.9B
999.0M
 -13.03% -20.31%
14.19
6.94
 17.76% -7.98%
SIVB
6.3B
5.7B
 -67.21% -80.32%
3.9
1.11
 72.48% -22.38%
PB
5.7B
1.1B
 -15.87% -11.52%
10.86
5.2
 4.58% 1.01%
FFIN
4.6B
432.9M
 -13.68% -29.01%
19.5
10.56
 15.00% 3.04%
BPOP
3.9B
2.5B
 -23.36% -35.34%
3.56
1.59
 16.17% 17.94%
WAL
3.7B
2.7B
 -53.87% -59.97%
3.46
1.36
 62.28% 17.58%
SMALL-CAP
BANR
1.9B
450.9M
 -14.93% -8.52%
9.52
4.12
 1.16% -2.82%
SBCF
1.8B
380.5M
 -19.90% -31.74%
16.43
4.6
 51.31% -14.39%
HTLF
1.7B
674.7M
 -21.41% -20.26%
7.78
2.45
 14.59% -3.52%
LKFN
1.6B
239.6M
 -10.34% -14.83%
15.62
6.77
 23.99% 8.44%

Financials for Commerce Bancshares

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue8.2%999923877850848
EBITDA4.3%1,6211,5551,5221,557-
EBITDA Margin-3.7%1.62*1.68*1.74*1.83*-
Earnings Before Taxes3.1%632613614673686
EBT Margin-4.7%0.63*0.66*0.70*0.79*-
Interest Expenses5.2%942895863838835
Net Income3.5%488472471518531
Net Income Margin-4.3%0.49*0.51*0.54*0.61*-
Free Cahsflow-4.1%494515493459-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.2%31,87632,60333,43534,98736,689
    Cash Equivalents-11.0%8981,0091,0721,6064,297
  Net PPE2.7%419408398394389
  Goodwill0%139139139139139
Liabilities-2.8%29,39430,23130,76032,01333,241
Shareholder's Equity4.8%2,4652,3522,6752,9733,437
  Retained Earnings-91.1%32.0035326217992.00
  Additional Paid-In Capital9.3%2,9332,6842,6822,6782,690
Minority Interest-16.5%16.0020.0016.0013.0011.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-3.8%559581557521598
  Share Based Compensation3.2%17.0016.0016.0016.0015.00
Cashflow From Investing134.6%242-701-2,186-3,262-2,082
Cashflow From Financing-274.1%-4,200-1,1221551,9673,574
  Dividend Payments0.9%127126125124123
  Buy Backs-12.2%187213203159129

Risks for CBSH

What is the probability of a big loss on CBSH?

40%

Probability that Commerce Bancshares stock will be more than 20% underwater in next one year

17.3%

Probability that Commerce Bancshares stock will be more than 30% underwater in next one year.

0%

Probability that Commerce Bancshares stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CBSH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Commerce Bancshares was unfortunately bought at previous high price.

Drawdowns

Returns for CBSH

Cumulative Returns on CBSH

6.2%

10-Year Cumulative Returns

6.0%

7-Year Cumulative Returns

1.9%

5-Year Cumulative Returns

8.4%

3-Year Cumulative Returns

What are the long-term rolling returns for CBSH?

FIve years rolling returns for Commerce Bancshares.

Annualized Returns

Which funds bought or sold CBSH recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
ETF MANAGERS GROUP, LLC
added
9.55
80,552
715,552
 0.03%
2023-03-23
MetLife Investment Management, LLC
added
2.46
251,118
4,886,950
 0.04%
2023-03-17
American Portfolios Advisors
unchanged
-
57.00
7,410
 -%
2023-03-13
Claro Advisors LLC
added
35.78
123,438
425,438
 0.14%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-13.45
-581,376
4,725,620
 -%
2023-03-06
Rockefeller Capital Management L.P.
added
429
49,000
58,000
 -%
2023-03-03
TIAA, FSB
added
3.55
17,933
293,933
 -%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
39,140
39,140
 -%
2023-02-28
Voya Investment Management LLC
added
2.39
645,462
12,724,500
 0.02%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
14.84
193,000
1,251,000
 0.01%

1–10 of 48

Latest Funds Activity

Are funds buying CBSH calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CBSH
No. of Funds

CBSH Alerts

Commerce Bancshares News

Nasdaq

Want Diversified Exposure in the Regional Banks? Try These ETFs.

Nasdaq,
18 hours ago

MarketBeat

Wedge Capital Management L L P NC Invests $242000 in ....

MarketBeat,
45 hours ago

Defense World

Commerce Bancshares (NASDAQ:CBSH) Sets New 1-Year Low at ....

Defense World,
2 days ago

Best Stocks

Commerce Bancshares (NASDAQ:CBSH) has been upgraded to ....

Best Stocks,
4 days ago

MarketBeat

Mutual Advisors LLC Makes New $26.71 Million Investment in ....

MarketBeat,
7 days ago

MarketBeat

Coldstream Capital Management Inc. Takes Position in Commerce ....

MarketBeat,
8 days ago

Springfield Business Journal

Untangled Web: Banks challenged by high-profile collapse.

Springfield Business Journal,
10 days ago

MarketBeat

UMB Bank n.a. Acquires 14564 Shares of Commerce Bancshares ....

MarketBeat,
10 days ago

InvestorsObserver

Is Commerce Bancshares, Inc. (CBSH) Stock a Bad Value?.

InvestorsObserver,
13 days ago

The Business Journals

Intrust Bank leader provides assurances after Moody's action ....

The Business Journals,
13 days ago

Best Stocks

Western Alliance Bancorporation Shares Plunge after Circuit ....

Best Stocks,
14 days ago

Simply Wall St

Does International Bancshares (NASDAQ:IBOC) Deserve A Spot On Your Watchlist?.

Simply Wall St,
14 days ago

Best Stocks

Engineers Gate Manager LP has made a $577,000 investment in ....

Best Stocks,
15 days ago

Nasdaq

The Math Shows SDY Can Go To $135.

Nasdaq,
17 days ago

Simply Wall St

Insiders who purchased this year lose US$13k as Horizon Bancorp, Inc. (NASDAQ:HBNC) stock drops to US$13.75.

Simply Wall St,
17 days ago

Best Stocks

Ethic Inc. Increases Its Position in Commerce Bancshares, Inc ....

Best Stocks,
18 days ago

Schedule 13G FIlings of Commerce Bancshares

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
aristotle capital management, llc
7.49%
9,386,523
SC 13G/A
Feb 09, 2023
vanguard group inc
9.66%
12,100,988
SC 13G/A
Feb 03, 2023
blackrock inc.
8.6%
10,717,056
SC 13G/A
Feb 01, 2023
state street corp
4.98%
6,236,585
SC 13G/A
Feb 14, 2022
aristotle capital management, llc
8.04%
9,804,204
SC 13G/A
Feb 10, 2022
state street corp
5.01%
6,112,417
SC 13G/A
Feb 09, 2022
vanguard group inc
9.17%
11,182,475
SC 13G/A
Feb 01, 2022
blackrock inc.
8.8%
10,179,897
SC 13G/A
Feb 12, 2021
state street corp
4.42%
5,172,770
SC 13G/A
Feb 10, 2021
vanguard group inc
8.90%
10,425,329
SC 13G/A

CBSH Fair Value

Recent SEC filings of Commerce Bancshares

View All Filings
Date Filed Form Type Document
Mar 13, 2023
4
Insider Trading
Mar 10, 2023
ARS
ARS
Mar 10, 2023
DEF 14A
DEF 14A
Mar 10, 2023
DEFA14A
DEFA14A
Mar 06, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for CBSH

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-09
KEMPER JONATHAN M
acquired
675,962
23.955
28,218
-
2023-03-09
KEMPER JONATHAN M
sold (taxes)
-337,527
61.66
-5,474
-
2023-03-09
KEMPER JONATHAN M
back to issuer
-675,979
61.66
-10,963
-
2023-03-02
Neff Douglas D
sold
-55,574
64.923
-856
senior vice president
2023-03-02
Brooks Derrick
acquired
23,351
58.6732
398
senior vice president
2023-03-02
Brooks Derrick
back to issuer
-23,438
65.47
-358
senior vice president
2023-03-02
Brooks Derrick
sold (taxes)
-785
65.47
-12.00
senior vice president
2023-03-02
Brooks Derrick
sold
-15,041
65.3957
-230
senior vice president
2023-03-02
STEINER PAUL A
acquired
-
-
516
controller
2023-03-01
Brooks Derrick
sold (taxes)
-5,517
65.68
-84.00
senior vice president

1–10 of 50

About Commerce Bancshares

John W. Kemper
www.commercebank.com
4570
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 287 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

CBSH Income Statement

2022-12-31
Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME   
Interest and fees on loans$ 646,293$ 570,549$ 612,072
Interest on loans held for sale637880860
Interest on investment securities313,892236,278216,793
Interest on federal funds sold and short-term securities purchased under agreements to resell41243
Interest on Long-Term Securities Purchased Under Agreements To Resell22,64737,37740,647
Interest on deposits with banks15,0983,2022,273
Total interest income998,979848,290872,648
INTEREST EXPENSE   
Savings, interest checking and money market25,0997,50917,851
Certificates of deposit of less than $100,0001,4691,1584,897
Certificates of deposit of $100,000 and over3,8982,57712,948
Interest on federal funds purchased and securities sold under agreements to repurchase25,8581,6466,091
Interest on other borrowings470(24)1,014
Total interest expense56,79412,86642,801
Net interest income942,185835,424829,847
Provision for loan losses28,071(66,326)137,190
Net interest income after provision for loan losses914,114901,750692,657
NON-INTEREST INCOME   
Trust fees184,719188,227160,637
Bank card transaction fees176,144167,891151,797
Deposit account charges and other fees94,38197,21793,227
Consumer brokerage19,11718,36215,095
Capital market fees14,23115,94314,582
Loan fees and sales13,14129,72026,684
Other44,80243,03343,845
Total non-interest income546,535560,393505,867
INVESTMENT SECURITIES GAINS (LOSSES), NET   
Investment securities gains (losses), net[1]20,50630,05911,032
NON-INTEREST EXPENSE   
Salaries and employee benefits554,047525,248512,987
Data processing and software110,692101,79295,325
Net occupancy49,11748,18546,645
Equipment19,35918,08918,839
Supplies and communication18,10117,11817,419
Marketing23,82721,85619,734
Other73,63473,61357,429
Total non-interest expense848,777805,901768,378
Income before income taxes632,378686,301441,178
Less income taxes132,358145,71187,293
Net income500,020540,590353,885
Less non-controlling interest expense (income)11,6219,825(172)
NET INCOME ATTRIBUTABLE TO COMMERCE BANCSHARES, INC.488,399530,765354,057
Preferred stock dividends0011,966
Net Income (Loss) Available to Common Stockholders, Basic$ 488,399$ 530,765$ 342,091
Net income per common share - basic (in dollars per share)$ 3.86$ 4.12$ 2.64
Net income per common share - diluted (in dollars per share)$ 3.85$ 4.11$ 2.64
[1]Available for sale debt securities, equity securities, and other securities.

CBSH Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Loans$ 16,303,131$ 15,176,359
Loans and Leases Receivable, Allowance(150,136)(150,044)
Net loans16,152,99515,026,315
Loans held for sale4,9648,615
Investment securities:  
Debt Securities, Available-for-sale12,238,31614,450,027
Trading43,52346,235
Equity Securities, FV-NI and without Readily Determinable Fair Value12,3049,202
Other Securities225,034194,047
Total investment securities12,519,17714,699,511
Federal funds sold49,5052,800
Long Term Securities Purchased Under Agreements To Resell825,0001,625,000
Interest-bearing Deposits in Banks and Other Financial Institutions389,1403,971,217
Cash and due from banks452,496305,539
Premises and equipment – net418,909388,738
Goodwill138,921138,921
Other intangible assets – net15,23415,570
Other assets909,590506,862
Total assets31,875,93136,689,088
Deposits [Abstract]  
Non-interest bearing10,066,35611,772,374
Savings, interest checking and money market15,126,98116,598,085
Time open and C.D.’s of less than $100,000387,336435,960
Time open and C.D.'s of $100,000 and over606,7671,006,654
Total deposits26,187,44029,813,073
Federal funds purchased and securities sold under agreements to repurchase2,841,7343,022,967
Other borrowings9,67212,560
Other liabilities355,508392,164
Total liabilities29,394,35433,240,764
Commerce Bancshares, Inc. stockholders’ equity:  
Common stock, $5 par value629,319610,804
Capital surplus2,932,9592,689,894
Retained earnings31,62092,493
Treasury Stock, Value(41,743)(32,973)
Accumulated Other Comprehensive Income (Loss), Net of Tax(1,086,864)77,080
Total Commerce Bancshares, Inc. stockholders’ equity2,465,2913,437,298
Non-controlling interest16,28611,026
Total equity2,481,5773,448,324
Total liabilities and equity$ 31,875,931$ 36,689,088