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Commerce Bancshares Inc

Financial Services US CBSH

63.035USD
0.18(0.29%)

Last update at 2025-03-26T16:50:00Z

Day Range

62.9463.84
LowHigh

52 Week Range

46.2472.47
LowHigh

Fundamentals

  • Previous Close 62.85
  • Market Cap9158.15M
  • Volume150463
  • P/E Ratio18.58
  • Dividend Yield1.57%
  • Revenue TTM1616.19M
  • Revenue Per Share TTM12.56
  • Gross Profit TTM 1478.95M
  • Diluted EPS TTM3.66

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 632.38M 686.30M 441.18M 531.79M 544.16M
Minority interest -11.62100M -9.82500M -0.17200M 1.48M 4.67M
Net income 488.40M 530.76M 354.06M 421.23M 433.54M
Selling general administrative 682.84M 644.16M 625.73M 612.90M 586.36M
Selling and marketing expenses 23.83M 21.86M 19.73M 21.91M 20.55M
Gross profit 1509.23M 1425.88M 1346.75M 1349.62M 1324.68M
Reconciled depreciation 46.86M 44.87M 43.77M 41.15M 38.68M
Ebit 677.55M 676.48M 441.35M 530.30M 604.87M
Ebitda 724.41M 721.34M 485.12M 571.45M 643.55M
Depreciation and amortization 46.86M 44.87M 43.77M 41.15M 38.68M
Non operating income net other 20.51M 30.06M 11.03M 3.63M -0.48800M
Operating income 677.55M 676.48M 441.35M 530.30M 604.87M
Other operating expenses 23.83M -749.40000M -905.39600M -819.31700M 719.81M
Interest expense 56.79M 12.87M 42.80M 103.39M 65.38M
Tax provision 132.36M 145.71M 87.29M 109.07M 105.95M
Interest income 998.98M 848.29M 872.65M 924.68M 889.20M
Net interest income 942.18M 835.42M 829.85M 821.29M 823.83M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 132.36M 145.71M 87.29M 109.07M 105.95M
Total revenue 1509.23M 1425.88M 1346.75M 1349.62M 1324.68M
Total operating expenses 23.83M -749.40000M -905.39600M -819.31700M -719.81100M
Cost of revenue - - - - 108.07M
Total other income expense net -45.17300M 9.82M -0.17200M 1.48M -60.70400M
Discontinued operations - - - - -
Net income from continuing ops 500.02M 540.59M 353.88M 422.71M 438.21M
Net income applicable to common shares 488.40M 530.76M 342.09M 412.23M 424.54M
Preferred stock and other adjustments - - -11.96600M -9.00000M -9.00000M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 31701.06M 31875.93M 36689.09M 32922.97M 26065.79M
Intangible assets 14.18M 15.23M 15.57M 11.21M 9.53M
Earning assets - - - - 10040.03M
Other current assets 3166.01M -560.74890M 2764.37M 5166.26M 7389.49M
Total liab 28736.83M 29394.35M 12.56M 0.80M 2.42M
Total stockholder equity 2944.12M 2465.29M 3437.30M 3397.05M 3134.68M
Deferred long term liab - - - - -
Other current liab 7975.94M 26187.44M 29813.07M 12484.58M 22928.69M
Common stock 655.32M 629.32M 610.80M 589.35M 563.98M
Capital stock 655.32M 629.32M 610.80M 589.35M 708.76M
Retained earnings 53.18M 31.62M 92.49M 73.00M 201.56M
Other liab - 275.29M 392.16M 477.07M 516.47M
Good will 146.54M 138.92M 138.92M 138.92M 138.92M
Other assets - 5749.21M 2719.57M 5121.88M 7345.72M
Cash 2682.16M 841.64M 4276.76M 2184.93M 887.47M
Cash and equivalents - - - - -
Total current liabilities 10884.75M 26187.44M 46.23M 12484.58M 22928.69M
Current deferred revenue - - - - -
Net debt 228.06M -831.96400M -4264.19600M -2184.12400M -885.04700M
Short term debt 2908.82M - 46.23M 21.30M -
Short long term debt - - - - -
Short long term debt total 2910.22M 9.67M 12.56M 0.80M 2.42M
Other stockholder equity 3127.02M 2891.22M 2656.92M 2403.32M 2113.92M
Property plant equipment - 418.91M 388.74M 371.08M 370.64M
Total current assets 3166.01M 13079.95M 18726.78M 14634.19M 9459.09M
Long term investments 9902.96M 12519.18M 14699.51M 28638.48M 23190.73M
Net tangible assets - 2311.14M 3282.81M 3246.92M 2841.45M
Short term investments 9684.76M 12238.32M 14450.03M 12449.26M 8571.63M
Net receivables - - - - -
Long term debt 1.40M 9.67M 12.56M 0.80M 2.42M
Inventory - 0.10M 0.12M 0.09M 0.36M
Accounts payable - 26187.44M 29813.07M 26946.74M 20520.42M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 16.29M 11.03M 2.92M 3.79M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -891.41200M -1086.86400M 77.08M 331.38M 110.44M
Additional paid in capital - - - - -
Common stock total equity - 629.32M 610.80M 589.35M 563.98M
Preferred stock total equity - - - - 144.78M
Retained earnings total equity - 31.62M 92.49M 73.00M 201.56M
Treasury stock - -41.74300M -32.97300M -32.97000M -37.54800M
Accumulated amortization - - - - -
Non currrent assets other 938.08M -45.47300M -15242.74000M -13166.90400M -9260.98000M
Deferred long term asset charges - - - - -
Non current assets total 28535.05M 13046.77M 15242.74M 13166.90M 9260.98M
Capital lease obligations - - - - -
Long term debt total - 9.67M 12.56M 0.80M 2.42M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments 2207.80M -602.49400M -1340.71200M -5961.72500M -952.82600M
Change to liabilities - -9.88200M -8.35400M 2.90M 20.05M
Total cashflows from investing activities - 242.27M -2082.75800M -5390.50400M -730.16500M
Net borrowings - -181.23300M 924.58M 247.61M -112.01100M
Total cash from financing activities -883.11900M -4200.80900M 3573.66M 6067.03M -84.06100M
Change to operating activities - 3.05M -3.17900M -9.44400M 5.59M
Net income 485.18M 500.02M 540.59M 353.88M 422.71M
Change in cash 1789.48M -3399.15300M 2088.63M 1300.52M -301.43200M
Begin period cash flow 897.80M 4296.95M 2208.33M 907.81M 1209.24M
End period cash flow 2687.28M 897.80M 4296.95M 2208.33M 907.81M
Total cash from operating activities 488.77M 559.38M 597.72M 623.99M 512.79M
Issuance of capital stock - - - - -
Depreciation 49.51M 46.86M 44.87M 43.77M 41.15M
Other cashflows from investing activities - 909.96M -685.33000M 604.36M 265.24M
Dividends paid 134.73M 127.47M 122.69M 127.57M 122.47M
Change to inventory - - - 80.41M 87.83M
Change to account receivables -5.98600M -28.43900M 19.79M -13.39900M 3.32M
Sale purchase of stock -76.37000M -186.62200M -129.36100M -204.16300M -284.90400M
Other cashflows from financing activities -663.74700M -3886.71300M 3825.75M 6400.39M 323.32M
Change to netincome - 52.57M -55.61600M 88.30M 71.30M
Capital expenditures 88.07M 65.19M 56.72M 33.13M 42.58M
Change receivables - -28.43900M 19.79M -13.39900M 3.32M
Cash flows other operating - -20.54900M -10.48600M 88.68M -73.36300M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -3399.15300M 2088.63M 1300.52M -301.43200M
Change in working capital 45.25M -38.32100M 11.43M -10.49800M 23.37M
Stock based compensation 17.05M 17.00M 15.41M 14.91M 13.85M
Other non cash items -100.82400M 12.12M -40.19600M 241.46M -2.47900M
Free cash flow 400.69M 494.19M 541.01M 590.86M 470.22M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
CBSH
Commerce Bancshares Inc
0.18 0.29% 63.03 18.58 18.45 5.67 2.70 5.36
HDB
HDFC Bank Limited ADR
-0.06 0.09% 65.83 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
-2.32 7.31% 29.43 6.61 5.68 0.48 0.77 3.43
CIHHF
China Merchants Bank Co Ltd Class H
- -% 6.15 6.10 5.67 0.44 0.77 3.43
IBN
ICICI Bank Limited
-0.14 0.44% 31.37 17.79 16.95 0.07 3.08

Reports Covered

Stock Research & News

Profile

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; retail branch network; 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. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

Commerce Bancshares Inc

1000Walnut, Kansas City, MO, United States, 64106

Key Executives

Name Title Year Born
Mr. David W. Kemper Non Independent Exec. Chairman 1951
Mr. John W. Kemper Pres, CEO & Non Independent Director 1978
Mr. Charles G. Kim Exec. VP & CFO 1961
Mr. Kevin Gene Barth Exec. VP of Commercial Line of Bus. 1961
Mr. Robert S. Holmes Exec. VP 1964
Mr. Paul A. Steiner Controller & Chief Accounting Officer 1972
Mr. David L. Roller Sr. VP & Chief Information Officer 1971
Mr. Thomas Joseph Noack Sr. VP, Sec. & Gen. Counsel NA
Mr. Jeffrey S. Missman VP NA
Ms. Susan B. Bergen-Painter Exec. VP and Corp. Marketing Director 1971

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