CBSH · Commerce Bancshares Inc /Mo/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $0 | $2.93M | $2.77M | - | - | - |
| D&A | $42.10M | $40.00M | $36.10M | $32.30M | $31.90M | $32.20M |
| Operating Income | $731.84M | $679.49M | $619.73M | $632.38M | $441.18M | $441.18M |
| Interest Expense | - | - | $383.16M | $56.79M | $12.87M | $42.80M |
| Income Tax | $161.14M | $145.09M | $134.55M | $132.36M | $145.71M | $87.29M |
| Net Income | $566.25M | $526.33M | $477.06M | $488.40M | $530.76M | $354.06M |
| EPS - Basic | $4.04 | $3.70 | $3.30 | $3.50 | $3.92 | $2.51 |
| EPS - Diluted | $4.04 | $3.69 | $3.30 | $3.49 | $3.91 | $2.51 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.55B | $3.38B | $2.69B | $897.80M | $4.30B | $2.21B |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $32.92B | $32.00B | $31.70B | $31.88B | $36.69B | $32.92B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $29.10B | $28.66B | $28.74B | $29.39B | $33.24B | $29.52B |
| Stockholders' Equity | $3.79B | $3.31B | $2.94B | $2.47B | $3.44B | $3.40B |
| Retained Earnings | $131.83M | $45.49M | $53.18M | $31.62M | $92.49M | $73.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $645.14M | $577.86M | $488.77M | $559.38M | $597.72M | $623.99M |
| Investing Cash Flow | ($462.37M) | $483.79M | $2.18B | $242.27M | ($2.08B) | ($5.39B) |
| Financing Cash Flow | ($11.04M) | ($372.94M) | ($883.12M) | ($4.20B) | $3.57B | $6.07B |
| CapEx | $52.75M | $46.13M | $88.07M | $65.19M | $56.72M | $33.13M |
| Free Cash Flow | $592.39M | $531.73M | $400.69M | $494.19M | $541.01M | $590.86M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 1.05 | 1.01 | 0.84 | 1.01 | 1.02 | 1.67 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 22.2% | 21.6% | 22.0% | 21.3% | 21.5% | 19.8% |
| Return on assets | 1.7% | 1.6% | 1.5% | 1.5% | 1.4% | 1.1% |
| Return on equity | 14.9% | 15.9% | 16.2% | 19.8% | 15.4% | 10.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | 1.6x | 11.1x | 34.3x | 10.3x |
| Equity multiplier | 8.68 | 9.67 | 10.77 | 12.93 | 10.67 | 9.69 |
| Liabilities / Assets | 0.88 | 0.90 | 0.91 | 0.92 | 0.91 | 0.90 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 13.0x | 16.1x | 14.7x | 16.8x | 15.2x | 21.5x |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 7.7% | 9.6% | -2.0% | 43.3% | 0.0% | 2.5% |
| Net income growth (YoY) | 7.6% | 10.3% | -2.3% | -8.0% | 49.9% | -15.9% |
| EPS growth (YoY) | 9.6% | 11.6% | -5.5% | -10.7% | 55.5% | -29.8% |
| EPS CAGR (3y) | 5.0% | -1.9% | 9.5% | -0.8% | 1.1% | -4.5% |
| EPS CAGR (5y) | 10.0% | 0.6% | -2.7% | 3.9% | 8.4% | -0.4% |
| FCF growth (YoY) | 11.4% | 32.7% | -18.9% | -8.7% | -8.4% | 25.7% |
| FCF CAGR (5y) | 0.1% | 2.5% | -5.1% | 4.2% | 5.8% | 18.1% |
| Book value growth (YoY) | 14.5% | 12.4% | 19.4% | -28.3% | 1.2% | 8.4% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- -No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: State Commercial Banks
Comparing COMMERCE BANCSHARES INC /MO/ against the 5 most active filers in the same SIC group.
Dividends
$1.06/share trailing 12 months · +6.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 6, 2026 | $0.2750 |
| Dec 2, 2025 | $0.2620 |
| Sep 5, 2025 | $0.2619 |
| Jun 6, 2025 | $0.2619 |
| Mar 7, 2025 | $0.2619 |
| Dec 3, 2024 | $0.2448 |
| Sep 5, 2024 | $0.2449 |
| Jun 5, 2024 | $0.2449 |
| Mar 6, 2024 | $0.2449 |
| Dec 1, 2023 | $0.2331 |
| Sep 5, 2023 | $0.2332 |
| Jun 2, 2023 | $0.2332 |
| Mar 6, 2023 | $0.2332 |
| Dec 1, 2022 | $0.2289 |
| Sep 6, 2022 | $0.2289 |
| Jun 6, 2022 | $0.2289 |
| Mar 7, 2022 | $0.2289 |
| Dec 1, 2021 | $0.2272 |
| Sep 3, 2021 | $0.2164 |
| Jun 3, 2021 | $0.2164 |
| Mar 8, 2021 | $0.2164 |
| Dec 1, 2020 | $0.2221 |
| Sep 3, 2020 | $0.2116 |
| Jun 4, 2020 | $0.2116 |