What is Commerce Bancshares Inc's earnings per share (EPS)?

Commerce Bancshares Inc (CBSH) reported diluted earnings per share of $4.04 for fiscal year 2025. This represents a 9.5% 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.

Commerce Bancshares Inc (CBSH) Financials

CBSH

Trailing 12 months to June 30, 2026

Revenue $1.9B +8.6% YoY

Net Income $583.6M +4.6% YoY

EPS (Diluted) $3.98 +3.1% YoY

Free Cash Flow $1.2B +145.2% YoY

Market Cap $7.9B as of Oct 2, 2026

Price / Sales 4.3x on $1.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 13.6x on $583.6M net income, trailing 12 months to June 30, 2026

Price / Book 1.8x on $4.4B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CBSH SEC filings page.

Commerce Bancshares Inc (CBSH) reported $1.9B in revenue over the twelve months to Jun 30, 2026, up 8.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI CBSH FY2025 2026-09-05

Commerce Bancshares is converting expanding earnings into cash while rebuilding equity and reducing balance-sheet leverage without relying on asset growth.

The FY2025 combination of cash conversion and earnings quality is unusually clear: operating cash flow reached $645M against $566M of net income, so accounting profit was not trapped in accruals. Low reinvestment intensity is visible alongside that result: free cash flow was $592M after $53M of capital expenditures, leaving cash generation broadly intact after stated reinvestment.

Revenue increased 6.5% from FY2024 to FY2025, while net margin held broadly steady at 32.1%. That pairing suggests incremental scale was retained in earnings rather than offset by rising operating burden.

The balance sheet is becoming less leverage-dependent: debt-to-equity fell by 1.0x from FY2024 to FY2025 while assets grew only 2.9%. Capital accumulation, rather than rapid balance-sheet expansion, therefore explains the improved solvency posture.

Financial Health Signals

Financial Health Score 65/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Commerce Bancshares Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Commerce Bancshares Inc earned a return on assets of 1.7% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 1.6% the prior year. Earnings ranks banks on that return over three years, and Commerce Bancshares Inc scores 89/100 among other banks.

Growth

Commerce Bancshares Inc reported revenue of $1.8B in fiscal year 2025, against $1.7B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Commerce Bancshares Inc scores 39/100 among other banks.

Capital

Commerce Bancshares Inc funded 11.5% of its assets with shareholders' equity at the end of fiscal year 2025, holding $3.8B of equity against $32.9B of assets. Capital ranks banks on that cushion, and Commerce Bancshares Inc scores 53/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Commerce Bancshares Inc scores 76/100 on it among other banks.

Credit Quality

Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Commerce Bancshares Inc scores 35/100 on it among other banks.

Stability

Commerce Bancshares Inc reported net income of $566.3M in fiscal year 2025, against $526.3M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Commerce Bancshares Inc scores 98/100 among other banks.

Piotroski F-Score Partial

5/6

Commerce Bancshares Inc passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 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.

Earnings Quality Cash-Backed

1.14x

For every $1 of reported earnings, Commerce Bancshares Inc generates $1.14 in operating cash flow ($645.1M OCF vs $566.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$498.9M

YoY+11.9%

QoQ+4.9%

5Y CAGR+7.5%

10Y CAGR+5.6%

Commerce Bancshares Inc generated $498.9M in revenue in Q2 2026. This represents an increase of 11.9% from the same quarter a year earlier. Against the prior quarter it is up 4.9%.

Net Income

$159.8M

YoY+4.8%

QoQ+12.8%

5Y CAGR-0.3%

10Y CAGR+8.6%

Commerce Bancshares Inc reported $159.8M in net income in Q2 2026. This represents an increase of 4.8% from the same quarter a year earlier. Against the prior quarter it is up 12.8%.

EPS (Diluted)

$1.10

YoY+0.9%

QoQ+14.6%

5Y CAGR-3.6%

10Y CAGR+5.2%

Commerce Bancshares Inc earned $1.10 per diluted share (EPS) in Q2 2026. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 14.6%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$169.1M

YoY+68.2%

QoQ-75.1%

5Y CAGR+8.1%

10Y CAGR+10.6%

Commerce Bancshares Inc generated $169.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 68.2% from the same quarter a year earlier. Against the prior quarter it is down 75.1%.

Cash & Debt

$2.9B

YoY-7.6%

QoQ-24.3%

5Y CAGR+2.7%

10Y CAGR+16.6%

Commerce Bancshares Inc held $2.9B in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.28

YoY+5.0%

QoQ0.0%

5Y CAGR+1.9%

Commerce Bancshares Inc paid $0.28 per share in dividends in Q2 2026. This represents an increase of 5.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

143M

YoY+7.5%

QoQ-1.6%

5Y CAGR+4.2%

10Y CAGR+4.0%

Commerce Bancshares Inc had 143M shares outstanding in Q2 2026. This represents an increase of 7.5% from the same quarter a year earlier. Against the prior quarter it is down 1.6%.

Margins & Returns

Net Margin

32.0%

YoY-2.2pp

QoQ+2.3pp

5Y change-14.7pp

10Y change+7.8pp

Commerce Bancshares Inc's net profit margin was 32.0% in Q2 2026, showing the share of revenue converted to profit. This is down 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.

Return on Equity

3.7%

YoY-0.5pp

QoQ+0.4pp

5Y change-1.0pp

10Y change+0.9pp

Commerce Bancshares Inc's ROE was 3.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$112.1M

YoY+844.8%

QoQ+33.0%

5Y CAGR+51.7%

10Y CAGR+59.8%

Commerce Bancshares Inc spent $112.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 844.8% from the same quarter a year earlier. Against the prior quarter it is up 33.0%.

Capital Expenditures

$12.8M

YoY+19.5%

QoQ+100.4%

5Y CAGR+2.6%

10Y CAGR+7.4%

Commerce Bancshares Inc invested $12.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 19.5% from the same quarter a year earlier. Against the prior quarter it is up 100.4%.

R&D Spending

Not reported for Q2 2026.

CBSH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CBSH quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.9B	$1.8B+6.5%	$1.7B+5.4%	$1.6B+5.5%	$1.5B+6.7%	$1.4B+4.5%	$1.3B-0.8%	$1.3B+1.6%	$1.3B+10.9%	$1.2B+6.1%	$1.1B+4.1%	$1.1B+2.4%	$1.1B+1.8%	$1.0B-0.2%	$1.0B+0.1%	$1.0B
SG&A Expenses	$681.1M	$628.5M+3.4%	$607.9M+4.1%	$584.1M+5.4%	$554.0M+5.5%	$525.2M+2.4%	$513.0M+4.1%	$492.9M+5.3%	$468.2M+4.4%	$448.3M+4.9%	$427.3M+6.6%	$400.7M+4.3%	$384.1M+4.7%	$366.9M+1.7%	$360.9M+4.5%	$345.3M
Interest Expense	$374.0M	$371.9M-13.4%	$429.3M+12.0%	$383.2M+574.7%	$56.8M+341.4%	$12.9M-69.9%	$42.8M-58.6%	$103.4M+58.1%	$65.4M+49.5%	$43.7M+32.5%	$33.0M+17.5%	$28.1M0.0%	$28.1M-9.1%	$30.9M-18.8%	$38.1M-26.7%	$51.9M
Income Tax	$168.4M	$161.1M+11.1%	$145.1M+7.8%	$134.5M+1.7%	$132.4M-9.2%	$145.7M+66.9%	$87.3M-20.0%	$109.1M+2.9%	$105.9M-4.1%	$110.5M-11.0%	$124.2M+6.5%	$116.6M-4.2%	$121.6M-1.3%	$123.2M-3.1%	$127.2M+4.7%	$121.4M
Net Income	$583.6M	$566.3M+7.6%	$526.3M+10.3%	$477.1M-2.3%	$488.4M-8.0%	$530.8M+49.9%	$354.1M-15.9%	$421.2M-2.8%	$433.5M+35.7%	$319.4M+16.0%	$275.4M+4.4%	$263.7M+0.8%	$261.8M+0.3%	$261.0M-3.1%	$269.3M+5.1%	$256.3M
EPS (Basic)	N/A	$4.04+9.5%	$3.69+11.8%	$3.30-5.7%	$3.50-10.7%	$3.92+48.5%	$2.64-18.8%	$3.25-5.5%	$3.44+30.8%	$2.63+10.5%	$2.38+2.1%	$2.33-2.1%	$2.38-3.6%	$2.47-6.4%	$2.64+2.7%	$2.57
EPS (Diluted)	$3.98	$4.04+9.5%	$3.69+11.8%	$3.30-5.7%	$3.50-10.5%	$3.91+48.1%	$2.64-18.8%	$3.25-5.2%	$3.43+30.9%	$2.62+10.5%	$2.37+2.2%	$2.32-2.1%	$2.37-3.7%	$2.46-6.5%	$2.63+2.7%	$2.56

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$498.9M+11.9%	$475.7M+11.1%	$449.4M+6.5%	$441.0M+4.6%	$445.8M+7.5%	$428.1M+7.6%	$422.1M+7.3%	$421.4M+7.6%
SG&A Expenses	$180.0M+16.1%	$180.8M+18.1%	$162.9M+5.9%	$157.5M+2.8%	$155.0M+4.0%	$153.1M+0.8%	$153.8M+4.3%	$153.1M+4.3%
Interest Expense	$92.2M+0.8%	$96.7M+1.5%	$90.5M-12.0%	$94.6M-13.7%	$91.5M-14.6%	$95.3M-13.2%	$102.8M-10.0%	$109.7M-2.6%
Income Tax	$45.8M+8.0%	$40.9M+10.6%	$40.6M+11.0%	$41.2M+7.6%	$42.4M+9.8%	$37.0M+16.8%	$36.6M+13.3%	$38.2M+14.4%
Net Income	$159.8M+4.8%	$141.6M+7.6%	$140.7M+3.3%	$141.5M+2.5%	$152.5M+9.3%	$131.6M+16.8%	$136.1M+24.6%	$138.0M+14.4%
EPS (Basic)	$1.10+0.9%	$0.96+3.2%	$0.86+4.9%	$1.06+3.9%	$1.09+5.8%	$0.93+13.4%	$0.82+17.1%	$1.02+10.9%
EPS (Diluted)	$1.10+0.9%	$0.96+3.2%	$0.86+3.6%	$1.06+5.0%	$1.09+5.8%	$0.93+13.4%	$0.83+16.9%	$1.01+9.8%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Diluted Shares (Avg).

CBSH Balance Sheet

CBSH quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$32.9B+2.9%	$32.0B+0.9%	$31.7B-0.5%	$31.9B-13.1%	$36.7B+11.4%	$32.9B+26.3%	$26.1B+2.4%	$25.5B+2.5%	$24.8B-3.2%	$25.6B+4.2%	$24.6B+2.5%	$24.0B+4.0%	$23.1B+4.1%	$22.2B+7.3%	$20.6B
Cash & Equivalents	$3.5B+5.1%	$3.4B+25.6%	$2.7B+199.3%	$897.8M-79.1%	$4.3B+94.6%	$2.2B+143.3%	$907.8M-24.9%	$1.2B+136.3%	$511.8M-34.6%	$782.4M+55.6%	$502.7M-54.3%	$1.1B-13.3%	$1.3B+62.8%	$779.8M+50.7%	$517.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$146.5M0.0%	$146.5M0.0%	$146.5M+5.5%	$138.9M0.0%	$138.9M0.0%	$138.9M0.0%	$138.9M0.0%	$138.9M0.0%	$138.9M0.0%	$138.9M0.0%	$138.9M0.0%	$138.9M0.0%	$138.9M+10.6%	$125.6M0.0%	$125.6M
Total Liabilities	$29.1B+1.5%	$28.7B-0.3%	$28.7B-2.2%	$29.4B-11.6%	$33.2B+12.6%	$29.5B+28.8%	$22.9B+1.8%	$22.5B+1.9%	$22.1B-4.4%	$23.1B+4.1%	$22.2B+2.7%	$21.7B+3.8%	$20.9B+4.4%	$20.0B+8.2%	$18.5B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.8M	N/A	N/A	N/A	$455.3M-9.6%	$503.7M-1.6%	$511.8M
Total Equity	$3.8B+14.5%	$3.3B+12.4%	$2.9B+19.4%	$2.5B-28.3%	$3.4B+1.2%	$3.4B+8.4%	$3.1B+6.9%	$2.9B+7.9%	$2.7B+8.8%	$2.5B+5.7%	$2.4B+1.4%	$2.3B+5.4%	$2.2B+2.0%	$2.2B0.0%	$2.2B
Retained Earnings	$131.8M+189.8%	$45.5M-14.5%	$53.2M+68.2%	$31.6M-65.8%	$92.5M+26.7%	$73.0M-63.8%	$201.6M-16.4%	$241.2M+8.9%	$221.4M-24.4%	$292.8M-23.6%	$383.3M-10.2%	$426.6M-5.2%	$449.8M-5.7%	$477.2M-17.1%	$575.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$35.3B+9.2%	$35.7B+10.4%	$32.9B+2.9%	$32.3B+2.5%	$32.3B+5.6%	$32.4B+6.6%	$32.0B+0.9%	$31.5B+0.4%
Cash & Equivalents	$2.9B-7.6%	$3.8B+17.4%	$3.5B+5.1%	$3.0B-6.2%	$3.1B+23.6%	$3.3B+72.2%	$3.4B+25.6%	$3.2B+42.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$253.8M+73.2%	$253.8M+73.2%	$146.5M0.0%	$146.5M0.0%	$146.5M0.0%	$146.5M0.0%	$146.5M0.0%	$146.5M0.0%
Total Liabilities	$30.9B+7.9%	$31.4B+8.7%	$29.1B+1.5%	$28.5B+1.6%	$28.6B+4.4%	$28.9B+5.3%	$28.7B-0.3%	$28.0B-2.6%
Total Equity	$4.4B+19.7%	$4.3B+23.7%	$3.8B+14.5%	$3.8B+9.9%	$3.6B+16.0%	$3.5B+18.1%	$3.3B+12.4%	$3.4B+33.0%
Retained Earnings	$353.0M+37.9%	$233.1M+66.2%	$131.8M+189.8%	$360.7M+6.6%	$255.9M+8.8%	$140.2M+7.3%	$45.5M-14.5%	$338.5M+13.5%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

CBSH Cash Flow Statement

CBSH quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.3B	$645.1M+11.6%	$577.9M+18.2%	$488.8M-12.6%	$559.4M-6.4%	$597.7M-4.2%	$624.0M+21.7%	$512.8M-7.2%	$552.7M+29.6%	$426.5M-6.3%	$455.0M+56.2%	$291.2M-19.3%	$360.8M-0.3%	$361.7M-5.8%	$383.9M-5.8%	$407.4M
Depreciation & Amortization	N/A	$56.5M+4.5%	$54.1M+9.2%	$49.5M+5.7%	$46.9M+4.4%	$44.9M+2.5%	$43.8M+6.4%	$41.1M+6.4%	$38.7M-2.7%	$39.7M-2.9%	$40.9M-4.4%	$42.8M+1.2%	$42.3M+0.9%	$41.9M-3.5%	$43.4M-7.0%	$46.7M
Stock-Based Compensation	N/A	$17.3M+1.4%	$17.0M-0.1%	$17.1M+0.3%	$17.0M+10.2%	$15.4M+3.4%	$14.9M+7.7%	$13.9M+7.9%	$12.8M+6.1%	$12.1M+5.0%	$11.5M+13.6%	$10.1M+14.9%	$8.8M+37.4%	$6.4M+28.5%	$5.0M+5.7%	$4.7M
Capital Expenditures	$48.6M	$52.7M+14.3%	$46.1M-47.6%	$88.1M+35.1%	$65.2M+14.9%	$56.7M+71.2%	$33.1M-22.2%	$42.6M+27.9%	$33.3M+8.0%	$30.8M+25.9%	$24.5M-23.3%	$31.9M-26.9%	$43.7M+83.1%	$23.8M-31.8%	$35.0M+63.9%	$21.3M
Free Cash Flow	$1.2B	$592.4M+11.4%	$531.7M+32.7%	$400.7M-18.9%	$494.2M-8.7%	$541.0M-8.4%	$590.9M+25.7%	$470.2M-9.5%	$519.4M+31.3%	$395.7M-8.1%	$430.5M+66.0%	$259.3M-18.2%	$317.2M-6.1%	$337.9M-3.2%	$348.9M-9.6%	$386.0M
Investing Cash Flow	$320.6M	-$462.4M-195.6%	$483.8M-77.8%	$2.2B+801.4%	$242.3M+111.6%	-$2.1B+61.4%	-$5.4B-638.3%	-$730.2M-702.2%	-$91.0M-141.2%	$220.7M+127.4%	-$805.2M+32.6%	-$1.2B-12.5%	-$1.1B-48.9%	-$713.7M+38.5%	-$1.2B+46.9%	-$2.2B
Financing Cash Flow	-$1.8B	-$11.0M+97.0%	-$372.9M+57.8%	-$883.1M+79.0%	-$4.2B-217.5%	$3.6B-41.1%	$6.1B+7317.4%	-$84.1M-137.7%	$223.3M+124.1%	-$924.5M-242.4%	$649.2M+112.0%	$306.2M-42.6%	$533.0M-36.7%	$841.6M-19.0%	$1.0B-43.3%	$1.8B
Dividends Paid	$155.8M	$150.2M+3.5%	$145.1M+7.7%	$134.7M+5.7%	$127.5M+3.9%	$122.7M+1.6%	$120.8M+6.5%	$113.5M+13.2%	$100.2M+9.4%	$91.6M+5.2%	$87.1M+2.5%	$85.0M+0.9%	$84.2M+2.6%	$82.1M-61.2%	$211.6M+167.4%	$79.1M
Share Buybacks	$336.9M	$207.6M+21.8%	$170.5M+123.2%	$76.4M-59.1%	$186.6M+44.3%	$129.4M+138.8%	$54.2M-59.9%	$134.9M+79.3%	$75.2M+323.3%	$17.8M-54.9%	$39.4M+69.9%	$23.2M-67.3%	$71.0M+2.3%	$69.4M-33.9%	$104.9M+3.7%	$101.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$181.9M+63.6%	$684.8M+394.1%	$266.3M+294.9%	$129.0M-70.1%	$111.2M-24.5%	$138.6M+2.3%	-$136.7M-212.9%	$431.7M+193.9%
Depreciation & Amortization	$20.8M+48.5%	$21.0M+53.1%	$14.7M+8.7%	$14.1M+2.5%	$14.0M+3.3%	$13.7M+3.4%	$13.6M+5.5%	$13.7M+9.7%
Stock-Based Compensation	$6.6M+61.0%	$6.1M+38.8%	N/A	$4.4M+2.3%	$4.1M-2.4%	$4.4M+3.8%	N/A	$4.3M0.0%
Capital Expenditures	$12.8M+19.5%	$6.4M-49.4%	$13.7M-2.0%	$15.7M+24.9%	$10.7M+25.6%	$12.6M+14.4%	$14.0M-9.6%	$12.6M-39.0%
Free Cash Flow	$169.1M+68.2%	$678.4M+438.4%	$252.6M+267.6%	$113.3M-73.0%	$100.5M-27.6%	$126.0M+1.2%	-$150.7M-242.8%	$419.1M+232.1%
Investing Cash Flow	-$327.0M-366.5%	$859.2M+330.1%	-$62.1M+87.2%	-$149.5M+36.9%	$122.7M-81.5%	-$373.4M-169.0%	-$484.9M-204.2%	-$237.0M-141.0%
Financing Cash Flow	-$790.3M-118.7%	-$1.2B-1040.5%	$389.3M-54.1%	-$171.6M-141.8%	-$361.5M-115.1%	$132.7M+109.1%	$847.4M+886.7%	$410.6M+128.2%
Dividends Paid	$40.7M+4.2%	$41.9M+10.5%	$36.2M+4.7%	$37.0M-8.4%	$39.1M+11.9%	$37.9M+7.8%	$34.6M+3.1%	$40.4M+20.0%
Share Buybacks	$112.1M+844.8%	$84.3M+52.7%	$115.3M+145.8%	$25.2M-42.2%	$11.9M-68.7%	$55.2M+31.3%	$46.9M+136.6%	$43.7M+118.6%

CBSH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CBSH quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	32.1%+0.3pp	31.8%+1.4pp	30.4%-2.5pp	32.8%-5.2pp	38.0%+11.5pp	26.5%-4.8pp	31.3%-1.4pp	32.7%+6.0pp	26.7%+2.3pp	24.4%+0.1pp	24.4%-0.4pp	24.8%-0.4pp	25.1%-0.8pp	25.9%+1.2pp	24.7%
Return on Equity	14.9%-1.0pp	15.9%-0.3pp	16.2%-3.6pp	19.8%+4.4pp	15.4%+5.0pp	10.4%-3.0pp	13.4%-1.4pp	14.8%+3.0pp	11.8%+0.7pp	11.0%-0.1pp	11.2%-0.1pp	11.2%-0.6pp	11.8%-0.6pp	12.4%+0.6pp	11.8%
Return on Assets	1.7%+0.1pp	1.6%+0.1pp	1.5%0.0pp	1.5%+0.1pp	1.5%+0.4pp	1.1%-0.5pp	1.6%-0.1pp	1.7%+0.4pp	1.3%+0.2pp	1.1%0.0pp	1.1%0.0pp	1.1%0.0pp	1.1%-0.1pp	1.2%0.0pp	1.2%
Debt-to-Equity	7.68-1.0x	8.66-1.1x	9.76-2.2x	11.92+2.3x	9.67+1.0x	8.69+1.4x	7.31-0.4x	7.68+7.7x	0.00-9.3x	9.27-0.1x	9.41+0.1x	9.30+9.1x	0.210.0x	0.230.0x	0.24
Asset Turnover	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.040.0x	0.040.0x	0.050.0x	0.050.0x	0.050.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.05
FCF Margin	33.6%+1.5pp	32.1%+6.6pp	25.5%-7.7pp	33.2%-5.6pp	38.8%-5.5pp	44.2%+9.3pp	34.9%-4.3pp	39.2%+6.1pp	33.1%-5.1pp	38.2%+14.3pp	23.9%-6.1pp	30.0%-2.5pp	32.6%-1.0pp	33.6%-3.6pp	37.1%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	32.0%-2.2pp	29.8%-1.0pp	31.3%-1.0pp	32.1%-0.7pp	34.2%+0.5pp	30.7%+2.4pp	32.3%+4.5pp	32.8%+2.0pp
Return on Equity	3.7%-0.5pp	3.3%-0.5pp	3.7%-0.4pp	3.8%-0.3pp	4.2%-0.3pp	3.8%-0.1pp	4.1%+0.4pp	4.0%-0.6pp
Return on Assets	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp	0.4%0.0pp	0.5%0.0pp	0.4%0.0pp	0.4%+0.1pp	0.4%+0.1pp
Debt-to-Equity	7.09-0.8x	7.30-1.0x	7.68-1.0x	7.56-0.6x	7.86-0.9x	8.30-1.0x	8.66-1.1x	8.17-3.0x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	33.9%+11.3pp	142.6%	56.2%+91.9pp	25.7%-73.8pp	22.6%-11.0pp	29.4%-1.9pp	-35.7%-62.5pp	99.5%+67.2pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Commerce Bancshares Inc CBSH	FY2025	$1.8B	$566.3M	32.1%	$7.9B	65/100
Old National Bancorp ONB	FY2025	$2.5B	$669.3M	26.5%	$9.6B	52/100
Cullen/Frost Bankers Inc. CFR	FY2025	$2.2B	$648.6M	29.0%	$9.5B	52/100
Zions Bancorporation N.A. ZION	FY2025	$3.4B	$899.0M	26.6%	$9.1B	35/100
Popular Inc BPOP	FY2025	$3.2B	$833.2M	26.0%	$10.0B	39/100
Pinnacle Financial Partners, Inc. PNFP	FY2025	$2.4B	$792.0M	32.9%	$14.3B	59/100

Where Commerce Bancshares Inc Ranks

Frequently Asked Questions

What is Commerce Bancshares Inc's annual revenue?

Commerce Bancshares Inc (CBSH) reported $1.8B in total revenue for fiscal year 2025. This represents a 6.5% 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 Bancshares Inc's revenue growing?

Commerce Bancshares Inc (CBSH) revenue grew by 6.5% year-over-year, from $1.7B to $1.8B in fiscal year 2025.

Is Commerce Bancshares Inc profitable?

Yes, Commerce Bancshares Inc (CBSH) reported a net income of $566.3M in fiscal year 2025, with a net profit margin of 32.1%.

What is Commerce Bancshares Inc's net profit margin?

Commerce Bancshares Inc (CBSH) had a net profit margin of 32.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Commerce Bancshares Inc pay dividends?

Yes, Commerce Bancshares Inc (CBSH) paid $1.05 per share in dividends during fiscal year 2025.

What is Commerce Bancshares Inc's return on equity (ROE)?

Commerce Bancshares Inc (CBSH) has a return on equity of 14.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Commerce Bancshares Inc's free cash flow?

Commerce Bancshares Inc (CBSH) generated $592.4M in free cash flow during fiscal year 2025. This represents a 11.4% 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 Bancshares Inc's operating cash flow?

Commerce Bancshares Inc (CBSH) generated $645.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Commerce Bancshares Inc's total assets?

Commerce Bancshares Inc (CBSH) had $32.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Commerce Bancshares Inc's capital expenditures?

Commerce Bancshares Inc (CBSH) invested $52.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Commerce Bancshares Inc buy back shares?

Yes, Commerce Bancshares Inc (CBSH) spent $207.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Commerce Bancshares Inc have outstanding?

Commerce Bancshares Inc (CBSH) had 147M shares outstanding as of fiscal year 2025.

What is Commerce Bancshares Inc's debt-to-equity ratio?

Commerce Bancshares Inc (CBSH) had a debt-to-equity ratio of 7.68 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Commerce Bancshares Inc's return on assets (ROA)?

Commerce Bancshares Inc (CBSH) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Commerce Bancshares Inc's P/E ratio?

Commerce Bancshares Inc (CBSH) trades at 13.6x earnings, its market capitalization divided by net income of $583.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.9B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Commerce Bancshares Inc's price-to-sales ratio?

Commerce Bancshares Inc (CBSH) trades at 4.3x sales, its market capitalization divided by revenue of $1.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.9B as of Oct 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Commerce Bancshares Inc's Piotroski F-Score?

Commerce Bancshares Inc (CBSH) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Commerce Bancshares Inc's earnings high quality?

Commerce Bancshares Inc (CBSH) has an earnings quality ratio of 1.14x, 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 Bancshares Inc?

Commerce Bancshares Inc (CBSH) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.