Commerce Bancs Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Commerce Bancs's revenue grew 6.4% year-over-year to $1.5B, a solid pace of expansion. This earns a growth score of 47/100.
Commerce Bancs has elevated debt relative to equity (D/E of 8.66), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Commerce Bancs converts 36.2% of revenue into free cash flow ($531.7M). This strong cash generation earns a score of 100/100.
Commerce Bancs's ROE of 15.9% shows moderate profitability relative to equity, earning a score of 64/100. This is down from 16.2% the prior year.
Commerce Bancs passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Commerce Bancs generates $1.10 in operating cash flow ($577.9M OCF vs $526.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Commerce Bancs (CBSH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Commerce Bancs generated $1.5B in revenue in fiscal year 2024. This represents an increase of 6.4% from the prior year.
Commerce Bancs generated $531.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 32.7% from the prior year.
Commerce Bancs reported $526.3M in net income in fiscal year 2024. This represents an increase of 10.3% from the prior year.
Commerce Bancs earned $3.87 per diluted share (EPS) in fiscal year 2024. This represents an increase of 11.8% from the prior year.
Commerce Bancs held $3.4B in cash against $0 in long-term debt as of fiscal year 2024.
Commerce Bancs paid $1.03 per share in dividends in fiscal year 2024. This represents an increase of 5.0% from the prior year.
Commerce Bancs's net profit margin was 35.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.
Commerce Bancs's ROE was 15.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the prior year.
Commerce Bancs spent $170.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 123.2% from the prior year.
Commerce Bancs invested $46.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 47.6% from the prior year.
CBSH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $374.1M+0.7% | $371.6M+2.0% | $364.4M-1.4% | $369.4M0.0% | $369.4M+3.0% | $358.7M-1.1% | $362.6M+0.4% | $361.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $94.6M+3.5% | $91.5M-4.0% | $95.3M-7.3% | $102.8M-4.1% | $107.1M-2.4% | $109.7M-3.9% | $114.2M+1.4% | $112.6M |
| Income Tax | $41.2M-2.9% | $42.4M+14.7% | $37.0M+1.0% | $36.6M-5.2% | $38.6M+22.0% | $31.7M-2.0% | $32.3M-3.4% | $33.4M |
| Net Income | $141.5M-7.2% | $152.5M+15.9% | $131.6M-3.3% | $136.1M-2.5% | $139.6M+23.9% | $112.7M+3.1% | $109.2M-9.4% | $120.6M |
| EPS (Diluted) | $1.06-7.0% | $1.14+16.3% | $0.98-3.0% | $1.01-1.9% | $1.03+25.6% | $0.82+24.2% | $0.66-28.3% | $0.92 |
CBSH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $32.3B0.0% | $32.3B-0.2% | $32.4B+1.2% | $32.0B+4.7% | $30.6B+0.6% | $30.4B-4.2% | $31.7B+1.0% | $31.4B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $3.0B-6.1% | $3.1B-3.9% | $3.3B-3.0% | $3.4B+32.7% | $2.5B+33.9% | $1.9B-29.3% | $2.7B+21.7% | $2.2B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $146.5M0.0% | $146.5M0.0% | $146.5M0.0% | $146.5M0.0% | $146.5M0.0% | $146.5M0.0% | $146.5M0.0% | $146.5M |
| Total Liabilities | $28.5B-0.4% | $28.6B-0.8% | $28.9B+0.7% | $28.7B+4.6% | $27.4B0.0% | $27.4B-4.6% | $28.7B-0.1% | $28.8B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.8B+3.6% | $3.6B+4.7% | $3.5B+5.1% | $3.3B+5.5% | $3.1B+6.6% | $2.9B0.0% | $2.9B+14.1% | $2.6B |
| Retained Earnings | $360.7M+40.9% | $255.9M+82.5% | $140.2M+208.2% | $45.5M-80.7% | $235.3M+80.0% | $130.7M+145.8% | $53.2M-82.2% | $298.3M |
CBSH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $129.0M+16.0% | $111.2M-19.8% | $138.6M+201.4% | -$136.7M-192.7% | $147.4M+8.8% | $135.5M+11.9% | $121.0M-17.6% | $146.9M |
| Capital Expenditures | $15.7M+47.4% | $10.7M-15.1% | $12.6M-10.2% | $14.0M+64.8% | $8.5M-22.7% | $11.0M-29.1% | $15.5M-24.9% | $20.7M |
| Free Cash Flow | $113.3M+12.7% | $100.5M-20.2% | $126.0M+183.6% | -$150.7M-208.5% | $138.9M+11.5% | $124.5M+18.0% | $105.5M-16.4% | $126.2M |
| Investing Cash Flow | -$149.5M-221.9% | $122.7M+132.9% | -$373.4M+23.0% | -$484.9M-172.9% | $664.7M+22.9% | $540.9M+16.2% | $465.5M-19.4% | $577.5M |
| Financing Cash Flow | -$171.6M+52.5% | -$361.5M-372.3% | $132.7M-84.3% | $847.4M+604.4% | -$168.0M+88.5% | -$1.5B-1258.1% | -$107.7M+92.6% | -$1.5B |
| Dividends Paid | $37.0M-5.4% | $39.1M+3.3% | $37.9M+9.5% | $34.6M-1.0% | $35.0M-0.5% | $35.1M+4.7% | $33.6M-0.2% | $33.7M |
| Share Buybacks | $25.2M+112.6% | $11.9M-78.5% | $55.2M+17.6% | $46.9M+23.9% | $37.9M-9.9% | $42.0M+112.0% | $19.8M-0.7% | $20.0M |
CBSH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 37.8%-3.2pp | 41.0%+4.9pp | 36.1%-0.7pp | 36.9%-0.9pp | 37.8%+6.4pp | 31.4%+1.3pp | 30.1%-3.3pp | 33.4% |
| Return on Equity | 3.8%-0.4pp | 4.2%+0.4pp | 3.8%-0.3pp | 4.1%-0.3pp | 4.5%+0.6pp | 3.8%+0.1pp | 3.7%-1.0pp | 4.7% |
| Return on Assets | 0.4%-0.0pp | 0.5%+0.1pp | 0.4%-0.0pp | 0.4%-0.0pp | 0.5%+0.1pp | 0.4%+0.0pp | 0.3%-0.0pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 7.56-0.3 | 7.86-0.4 | 8.30-0.4 | 8.66-0.1 | 8.74-0.6 | 9.31-0.5 | 9.76-1.4 | 11.15 |
| FCF Margin | 30.3%+3.2pp | 27.1%-7.5pp | 34.6%+75.4pp | -40.8%-78.4pp | 37.6%+2.9pp | 34.7%+5.6pp | 29.1%-5.8pp | 34.9% |
Similar Companies
Frequently Asked Questions
What is Commerce Bancs's annual revenue?
Commerce Bancs (CBSH) reported $1.5B in total revenue for fiscal year 2024. This represents a 6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Commerce Bancs's revenue growing?
Commerce Bancs (CBSH) revenue grew by 6.4% year-over-year, from $1.4B to $1.5B in fiscal year 2024.
Is Commerce Bancs profitable?
Yes, Commerce Bancs (CBSH) reported a net income of $526.3M in fiscal year 2024, with a net profit margin of 35.8%.
What is Commerce Bancs's earnings per share (EPS)?
Commerce Bancs (CBSH) reported diluted earnings per share of $3.87 for fiscal year 2024. This represents a 11.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Commerce Bancs's net profit margin?
Commerce Bancs (CBSH) had a net profit margin of 35.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Commerce Bancs pay dividends?
Yes, Commerce Bancs (CBSH) paid $1.03 per share in dividends during fiscal year 2024.
What is Commerce Bancs's return on equity (ROE)?
Commerce Bancs (CBSH) has a return on equity of 15.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Commerce Bancs's free cash flow?
Commerce Bancs (CBSH) generated $531.7M in free cash flow during fiscal year 2024. This represents a 32.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Commerce Bancs's operating cash flow?
Commerce Bancs (CBSH) generated $577.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Commerce Bancs's total assets?
Commerce Bancs (CBSH) had $32.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Commerce Bancs's capital expenditures?
Commerce Bancs (CBSH) invested $46.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Commerce Bancs buy back shares?
Yes, Commerce Bancs (CBSH) spent $170.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Commerce Bancs's debt-to-equity ratio?
Commerce Bancs (CBSH) had a debt-to-equity ratio of 8.66 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Commerce Bancs's return on assets (ROA)?
Commerce Bancs (CBSH) had a return on assets of 1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Commerce Bancs's Piotroski F-Score?
Commerce Bancs (CBSH) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Commerce Bancs's earnings high quality?
Commerce Bancs (CBSH) has an earnings quality ratio of 1.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Commerce Bancs?
Commerce Bancs (CBSH) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.