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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $185.25M | - | $184.77M | $196.16M | $167.60M | - | $178.51M | $180.04M | $147.10M | - |
| Interest Expense | - | - | - | - | - | - | - | $107.11M | $109.72M | - |
| Income Tax | $40.88M | - | $41.15M | $42.40M | $36.96M | - | $38.24M | $38.60M | $31.65M | - |
| Net Income | $141.62M | - | $141.52M | $152.48M | $131.59M | - | $138.01M | $139.55M | $112.66M | - |
| EPS - Basic | $0.96 | - | $1.01 | $1.09 | $0.93 | - | $0.97 | $0.97 | $0.79 | - |
| EPS - Diluted | $0.96 | - | $1.01 | $1.09 | $0.93 | - | $0.97 | $0.97 | $0.78 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.84B | $3.55B | $2.95B | $3.15B | $3.27B | $3.38B | $3.15B | $2.54B | $1.90B | $2.69B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $35.72B | $32.92B | $32.29B | $32.28B | $32.36B | $32.00B | $31.49B | $30.57B | $30.37B | $31.70B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $31.39B | $29.10B | $28.50B | $28.62B | $28.87B | $28.66B | $28.04B | $27.41B | $27.41B | $28.74B |
| Stockholders' Equity | $4.30B | $3.79B | $3.77B | $3.64B | $3.48B | $3.31B | $3.43B | $3.14B | $2.94B | $2.94B |
| Retained Earnings | $233.09M | $131.83M | $360.72M | $255.94M | $140.22M | $45.49M | $338.51M | $235.30M | $130.71M | $53.18M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $684.79M | - | - | - | $138.60M | - | - | - | $135.48M | - |
| Investing Cash Flow | $859.21M | - | - | - | ($373.43M) | - | - | - | $540.92M | - |
| Financing Cash Flow | ($1.25B) | - | - | - | $132.73M | - | - | - | ($1.46B) | - |
| CapEx | $6.37M | - | - | - | $12.59M | - | - | - | $11.00M | - |
| Free Cash Flow | $678.42M | - | - | - | $126.02M | - | - | - | $124.48M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 4.79 | - | - | - | 0.96 | - | - | - | 1.10 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 22.4% | - | 22.5% | 21.8% | 21.9% | - | 21.7% | 21.7% | 21.9% | - |
| Return on assets | 0.4% | - | 0.4% | 0.5% | 0.4% | - | 0.4% | 0.5% | 0.4% | - |
| Return on equity | 3.3% | - | 3.8% | 4.2% | 3.8% | - | 4.0% | 4.4% | 3.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | 1.7x | 1.3x | - |
| Equity multiplier | 8.30 | 8.68 | 8.56 | 8.87 | 9.31 | 9.67 | 9.18 | 9.74 | 10.32 | 10.77 |
| Liabilities / Assets | 0.88 | 0.88 | 0.88 | 0.89 | 0.89 | 0.90 | 0.89 | 0.90 | 0.90 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 51.3x | - | 56.4x | 54.5x | 63.5x | - | 55.5x | 52.1x | 61.9x | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 10.5% | - | 3.5% | 9.0% | 13.9% | - | 14.3% | 8.2% | -4.1% | - |
| Net income growth (YoY) | 7.6% | - | 2.5% | 9.3% | 16.8% | - | 14.4% | 9.2% | -5.7% | - |
| EPS growth (YoY) | 2.9% | - | 4.0% | 11.9% | 19.7% | - | 1.1% | -4.9% | -17.9% | - |
| EPS CAGR (3y) | 0.3% | - | -0.3% | 4.2% | -1.3% | - | -2.6% | -11.1% | -11.1% | - |
| EPS CAGR (5y) | -2.9% | - | -1.9% | 26.1% | 16.2% | - | -0.2% | 0.2% | -1.7% | - |
| FCF growth (YoY) | 438.4% | - | - | - | 1.2% | - | - | - | 29.6% | - |
| FCF CAGR (5y) | 28.9% | - | - | - | 11.8% | - | - | - | -1.0% | - |
| Book value growth (YoY) | 23.7% | 14.5% | 9.9% | 16.0% | 18.1% | 12.4% | 33.0% | 17.6% | 10.4% | 19.4% |
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 · +41.1% 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 |