(CBSH) Commerce Bancshares - Overview
Stock: Retail, Commercial, Wealth
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.86% |
| Yield on Cost 5y | 2.02% |
| Yield CAGR 5y | 1.17% |
| Payout Consistency | 92.7% |
| Payout Ratio | 25.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 24.4% |
| Relative Tail Risk | -10.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.67 |
| Alpha | -26.22 |
| Character TTM | |
|---|---|
| Beta | 0.730 |
| Beta Downside | 0.870 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.17% |
| CAGR/Max DD | 0.02 |
Description: CBSH Commerce Bancshares January 07, 2026
Commerce Bancshares, Inc. (NASDAQ:CBSH) is a Kansas-City-based bank holding company that serves individuals and businesses through three operating segments-Consumer, Commercial, and Wealth. The Consumer segment delivers a full suite of deposit and loan products, including auto, equipment, home equity, and mortgage financing, as well as debit/credit card services. The Commercial segment focuses on corporate lending, leasing, cash-management, and securities-safekeeping, while the Wealth segment offers trust, estate planning, discretionary investment management, and private banking.
As of the most recent quarter (Q4 2023), CBSH reported total assets of roughly $27 billion, a return on equity near 13 %, and a net interest margin of about 3.5 %. The bank’s loan-to-deposit ratio sits around 71 %, indicating a moderate balance between funding and lending, and its efficiency ratio is roughly 56 %, reflecting relatively low operating costs. Key macro drivers for CBSH include the Federal Reserve’s interest-rate trajectory, which directly impacts net interest income, and regional economic health in the Midwest, where a sizable portion of its loan book is concentrated.
For a deeper quantitative breakdown, you might explore CBSH’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 566.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.89 > 1.0 |
| NWC/Revenue: -842.9% < 20% (prev -750.7%; Δ -92.29% < -1%) |
| CFO/TA 0.01 > 3% & CFO 242.2m > Net Income 566.3m |
| Net Debt (2.20b) to EBITDA (773.6m): 2.84 < 3 |
| Current Ratio: 0.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (137.6m) vs 12m ago 2.93% < -2% |
| Gross Margin: 79.99% > 18% (prev 0.78%; Δ 7921 % > 0.5%) |
| Asset Turnover: 6.59% > 50% (prev 6.54%; Δ 0.05% > 0%) |
| Interest Coverage Ratio: 1.48 > 6 (EBITDA TTM 773.6m / Interest Expense TTM 371.9m) |
Altman Z'' -3.46
| A: -0.55 (Total Current Assets 9.90b - Total Current Liabilities 27.93b) / Total Assets 32.92b |
| B: 0.00 (Retained Earnings 131.8m / Total Assets 32.92b) |
| C: 0.02 (EBIT TTM 548.5m / Avg Total Assets 32.46b) |
| D: 0.01 (Book Value of Equity 317.1m / Total Liabilities 29.10b) |
| Altman-Z'' Score: -3.46 = D |
What is the price of CBSH shares?
Over the past week, the price has changed by +4.81%, over one month by +2.53%, over three months by +8.54% and over the past year by -13.98%.
Is CBSH a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 7
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CBSH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 62 | 12.4% |
| Analysts Target Price | 62 | 12.4% |
| ValueRay Target Price | 55.2 | 0% |
CBSH Fundamental Data Overview February 02, 2026
P/E Forward = 13.2275
P/S = 4.5318
P/B = 2.0455
P/EG = 3.58
Revenue TTM = 2.14b USD
EBIT TTM = 548.5m USD
EBITDA TTM = 773.6m USD
Long Term Debt = 9.27m USD (from longTermDebt, two quarters ago)
Short Term Debt = 2.99b USD (from shortTermDebt, last quarter)
Debt = 3.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.20b USD (from netDebt column, last quarter)
Enterprise Value = 860.6m USD (7.76b + Debt 3.00b - CCE 9.90b)
Interest Coverage Ratio = 1.48 (Ebit TTM 548.5m / Interest Expense TTM 371.9m)
EV/FCF = 4.55x (Enterprise Value 860.6m / FCF TTM 189.1m)
FCF Yield = 21.98% (FCF TTM 189.1m / Enterprise Value 860.6m)
FCF Margin = 8.84% (FCF TTM 189.1m / Revenue TTM 2.14b)
Net Margin = 26.47% (Net Income TTM 566.3m / Revenue TTM 2.14b)
Gross Margin = 79.99% ((Revenue TTM 2.14b - Cost of Revenue TTM 428.0m) / Revenue TTM)
Gross Margin QoQ = 80.39% (prev 78.89%)
Tobins Q-Ratio = 0.03 (Enterprise Value 860.6m / Total Assets 32.92b)
Interest Expense / Debt = 3.01% (Interest Expense 90.5m / Debt 3.00b)
Taxrate = 22.16% (40.6m / 183.3m)
NOPAT = 427.0m (EBIT 548.5m * (1 - 22.16%))
Current Ratio = 0.35 (Total Current Assets 9.90b / Total Current Liabilities 27.93b)
Debt / Equity = 0.79 (Debt 3.00b / totalStockholderEquity, last quarter 3.79b)
Debt / EBITDA = 2.84 (Net Debt 2.20b / EBITDA 773.6m)
Debt / FCF = 11.63 (Net Debt 2.20b / FCF TTM 189.1m)
Total Stockholder Equity = 3.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.74% (Net Income 566.3m / Total Assets 32.92b)
RoE = 15.43% (Net Income TTM 566.3m / Total Stockholder Equity 3.67b)
RoCE = 14.91% (EBIT 548.5m / Capital Employed (Equity 3.67b + L.T.Debt 9.27m))
RoIC = 11.72% (NOPAT 427.0m / Invested Capital 3.64b)
WACC = 6.86% (E(7.76b)/V(10.76b) * Re(8.61%) + D(3.00b)/V(10.76b) * Rd(3.01%) * (1-Tc(0.22)))
Discount Rate = 8.61% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.39%
[DCF Debug] Terminal Value 82.03% ; FCFF base≈428.6m ; Y1≈415.1m ; Y5≈412.1m
Fair Price DCF = 48.61 (EV 9.36b - Net Debt 2.20b = Equity 7.16b / Shares 147.4m; r=6.86% [WACC]; 5y FCF grow -4.34% → 2.90% )
EPS Correlation: 53.34 | EPS CAGR: 2.52% | SUE: 0.17 | # QB: 0
Revenue Correlation: 88.07 | Revenue CAGR: 12.35% | SUE: 2.66 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.96 | Chg30d=-0.016 | Revisions Net=-1 | Analysts=6
EPS current Year (2026-12-31): EPS=4.13 | Chg30d=+0.007 | Revisions Net=-3 | Growth EPS=+2.3% | Growth Revenue=+11.5%
EPS next Year (2027-12-31): EPS=4.43 | Chg30d=-0.137 | Revisions Net=-3 | Growth EPS=+13.1% | Growth Revenue=+3.4%