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Commerce Bancshares (CBSH)

Financials · regional banking · NASDAQ

Commerce Bancshares is a diversified regional bank holding company offering comprehensive banking, wealth management, and payment processing services.

What Commerce Bancshares does

Commerce Bancshares is a regional bank holding company that provides a full range of banking services, including consumer and commercial banking, wealth management, and investment services. It operates primarily through its subsidiary, Commerce Bank, offering commercial and personal loans, deposit products, and transaction services. The company also provides specialized financial services such as trust and fiduciary services, bank card processing, and brokerage services.

Themes: wealth management, commercial lending, payment processing, regional banking, trust and fiduciary services

Fundamentals

  • Price$54.61 as of 2026-10-08 close
  • Market cap$7.8B as of 2026-08-03 (share count; price 2026-10-08)
  • 1-year return-2.5% 2025-10-08 close $55.99 → 2026-10-08 close $54.61
  • P/E13.27 as of 2026-10-08
  • ROE+14.8% FY2025, SEC XBRL
  • Debt / equity0.56 as of 2026-09-03
  • Revenue growth (YoY)+41.3% as of 2026-09-03
  • Beta0.70 as of 2026-09-03
  • Last reported earnings2026-07-16 SEC EDGAR Form 8-K (Item 2.02)

Dividend: yield +2.0%; 5-year non-decreasing per-share dividend streak (SEC XBRL).

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How CBSH compares in its sector

  • price-to-earnings ratiomiddle range 513 covered Financials peers, as of 2026-10-08
  • return on equitytop 25% 559 covered Financials peers, as of 2026-09-03
  • indicated dividend yieldmiddle range 468 covered Financials peers, as of 2026-09-03
  • free cash flow (absolute dollars, latest fiscal year)top 25% 430 covered Financials peers, as of FY2025

Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Top 10 scores & list membership

CBSH is not currently in any published Top 10 list. Its scores are below.

Top 10 score

64.4 #112 of 1,379 scored · #47 of 220 in Financials

  • Profitability62.2
  • Growth92.9
  • Financial health52.7
  • Valuation62.8
  • Capital return62.8
  • Trend48.7

Growth 93rd (revenue growth year over year 41.3%) and capital return 63rd (consecutive years of dividend increases 5 years); weakest is trend (49th, a strong downtrend, with sellers in control).

Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.

Dividend coverage (FY2025)

Covered by reported results. In FY2025, CBSH's dividend was covered by reported results (earnings payout 27%, free-cash-flow payout 25%). This describes past coverage, not a forecast.

  • Earnings payout27% dividends / net income
  • Free-cash-flow payout25% dividends / (operating cash flow − capex)

Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.

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How Commerce Bancshares looks technically

Commerce Bancshares (CBSH) is trading 0.7% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 73 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 35, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 2 trading days ago.

Trend

8
Distance from the 200-dayit is trading 0.7% above its 200-day average, the long-term trend line — a longer-term uptrend+0.7%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $57.73$57.73
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $54.23$54.23
Swing structureeach recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes nexthigher highs and higher lows
Last swing turnits last significant turn was a swing low 37 calendar days ago — the swings before that are what the structure reading is measured on37 sessions
Since the 50/200 crossits 50-day average crossed above its 200-day average about 73 trading days ago — a "golden cross", a bullish long-term signal73 sessions
Above the 200-day after a dipit recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 0.7% above+0.7%
Trend strength (14-day ADX)a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 35, with sellers in control35.3

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 36, neither overbought (above 70) nor oversold (below 30)35.8
Position in its 14-day rangeit is trading in the lower half of its 14-day range ($53.49 to $57.39) — its "stochastic" reading is 29 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions.28.7
Since the MACD crossed zeroMACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish)17 sessions

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $60.92$60.92
From the 52-week highit is 10.4% below its 52-week high (its highest price of the past year)-10.4%
Above the 52-week lowit is 16.2% above its 52-week low (its lowest price of the past year)+16.2%
Below the 52-week highit is 10.4% below its highest point of the past year10.4%
Since a 20-day breakoutit made a new 20-day low about 2 trading days ago2 sessions
Since a 55-day breakoutit made a new 55-day low about 2 trading days ago2 sessions
All-time highits highest closing price on record is $69.29 (set on 2024-11-25)$69.29
Given back of the 52-week moveover the past year its closes ranged ($47.49 to $60.33), and it has given back roughly a third of its rise from last year’s low — 45% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $51.98 to $52.39. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.44.5%
From the all-time highit is 21.2% below its all-time high-21.2%
Nearest price levelit is trading 0.9% above a support level at $54.09 — a price it turned at twice since 2025-12-15, most recently on 2025-12-23. Since 2024-10-08 it has 4 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.-0.9%
All-time lowits lowest closing price on record is $0.6287 (set on 1980-03-27)$0.6287
Above the all-time lowit is 8585.5% above its all-time low+8,586%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are unusually wide versus its own recent history (wider than about 81% of the past ~6 months)81st percentile
Typical daily rangein a typical session it travels about $0.9803 between its high and its low — about 1.8% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$0.9803
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $53.39 and $58.79 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$53.39 – $56.09 – $58.79
Typical daily range (% of price)its price moves about 1.8% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price1.8%
Stretch from the 200-day averageit is trading 0.4 daily ranges above its 200-day average price (0.7% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale0.4 daily ranges above its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average0.67×

Analyst

2
Change in the average price targetanalysts have cut their average price target by 1.3% since the prior reading-1.3%
Change in the consensus ratingthe analyst consensus rating is unchanged since the prior readingunchanged

Candlestick patterns

3
Since a doji3 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level3 sessions ago
Since a bullish engulfingtoday it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before ittoday
Since a bearish engulfing8 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it8 sessions ago

Price gaps

1
Gap at the openit opened on 2026-10-08 at essentially the same price it closed at the session before — no meaningful overnight gap0.0%

Price streaks

1
Closing streakit closed higher in its latest session, after a session that did not close higher — a single up day rather than a run1 session up

Relative strength

4
vs market, 1 monthover the past 1 month this stock lagged the market by 7.3 percentage points (the stock lost 6.3% while the market gained 1.0%)-7.3%
vs market, 3 monthsover the past 3 months this stock lagged the market by 9.0 percentage points (the stock lost 5.2% while the market gained 3.8%)-9.0%
vs market, 6 monthsover the past 6 months this stock lagged the market by 8.2 percentage points (the stock gained 9.3% while the market gained 17.5%)-8.2%
vs market, 12 monthsover the past 12 months this stock lagged the market by 17.4 percentage points (the stock lost 2.5% while the market gained 15.0%)-17.4%

Signal agreement

2
Bullish technical signals2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average — these describe past price behaviour, not a forecast2 of 9
Bearish technical signals5 of the 9 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast5 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading 5.2% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 1.8% of the share price, which is taken to mean a barrier that gives way easily.-5.2%

Volume-weighted price

2
Vs this year’s average price paidthe price is 1% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $54.04 — a volume-weighted average of daily closes over 192 sessions, not a true tick-by-tick VWAP.+1.1%
Vs the average paid since it last reportedthe price is 6% below the average price paid since it last reported on 2026-07-16 (its 8-K), so the typical buyer over that stretch is under water. That average is $58.01 — a volume-weighted average of daily closes over 59 sessions, not a true tick-by-tick VWAP.-5.9%

Price levels it has turned at before

CBSH last closed at $54.61 on 2026-10-08. Since 2024-10-08 it has turned at 4 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.

LevelSideDistanceEvidence
$54.09Support0.9% below the last closeturned there twice · 2025-12-15 to 2025-12-23
$55.75Resistance2.1% above the last closeturned there five times · 2025-03-13 to 2026-02-09
$52.58Support3.7% below the last closeturned there six times · 2025-11-12 to 2026-05-26
$57.25Resistance4.8% above the last closeturned there 10 times · 2024-10-17 to 2026-09-01
$51.23Support6.2% below the last closeturned there five times · 2025-12-02 to 2026-06-03
$58.87Resistance7.8% above the last closeturned there four times · 2025-05-23 to 2026-09-14

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.

Read from daily closes as of 2026-10-08.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.

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Analyst consensus

  • Consensus ratingHold (2.70 mean, 1=Strong Buy…5=Strong Sell) — 9 analysts
  • Mean price target$65.78 range $60.00 – $77.00; median $64.00

Analyst estimates, as of 2026-10-07. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for CBSH

  • Consensus EPS estimate$1.08 next reporting period, as of 2026-10-07
  • Estimate change, 30 days-$0.0125 (-1.1%) from $1.09, on 2026-09-02, 35-day window
  • Readings revised upward13% of 8 comparable readings

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["Interest rate fluctuations impacting net interest margins.","Credit risk associated with loan portfolios and economic downturns.","Dependence on regional economic conditions within its primary operating markets."]

See CBSH's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of CBSH's 10-Q filed 2026-08-05 against the prior one filed 2026-05-07.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Newer filing (2026-08-05) states results of operations are for the three and six months ended June 30, 2026.
    • Newer filing (2026-08-05) reports total assets added by the FineMark acquisition of approximately $4.0 billion.
    • Newer filing (2026-08-05) reports loans added by the FineMark acquisition of $2.6 billion.
    • Newer filing (2026-08-05) includes Selected Financial Data tables with per share data, selected ratios, and tangible common equity reconciliation for three and six months ended June 30.
    • Newer filing (2026-08-05) includes a Results of Operations summary table with three and six months ended June 30 data.
  • Removed:
    • Older filing (2026-05-07) states results of operations are for the three months ended March 31, 2026.
    • Older filing (2026-05-07) reports total assets added by the FineMark acquisition of approximately $3.9 billion.
    • Older filing (2026-05-07) reports loans added by the FineMark acquisition of $2.7 billion.
    • Older filing (2026-05-07) includes a section titled 'Visa Class B-2 common shares exchange offer' describing the 2026 Visa Exchange Offer and 2026 Makewhole Agreement and potential securities repositioning.
  • Reworded:
    • Newer filing (2026-08-05) describes results for the three and six months ended June 30, 2026; older filing (2026-05-07) describes results for the three months ended March 31, 2026.
    • The FineMark acquisition total assets figure changed from approximately $3.9 billion in the older filing to approximately $4.0 billion in the newer filing.
    • The FineMark acquisition loans figure changed from $2.7 billion in the older filing to $2.6 billion in the newer filing.
    • Newer filing (2026-08-05) replaces the Visa Class B-2 common shares exchange offer discussion with Selected Financial Data and Results of Operations sections.
  • Notes:
    • The newer filing text appears truncated at '$297,068) (24' within the Results of Operations summary table; information after that point is not available for comparison.
    • The older filing text appears truncated at the end of the Critical Accounting Estimates and Related Policies section; information after that point is not available for comparison.

Risk Factors

  • Added:
    • Newer filing (2026-08-05) added Exhibit 10.1 — Form of Notice of Grant of Award Agreement for Restricted Stock Units for NEO retention, pursuant to the Commerce Bancshares, Inc. Equity Incentive Plan, filed on Form 8-K dated July 6, 2026 and incorporated by reference.
    • Newer filing (2026-08-05) signatures show Steven A. Brandjord as Controller and Chief Accounting Officer dating August 5, 2026.
  • Removed:
    • Older filing (2026-05-07) contained Exhibit 2 — Agreement and Plan of Merger, dated June 16, 2025, among Commerce Bancshares, Inc., CBI-Kansas, Inc., and FineMark Holdings, Inc., filed on Form 8-K dated June 17, 2025 and incorporated by reference.
    • Older filing (2026-05-07) signatures show Paul A. Steiner as Controller and Chief Accounting Officer dating May 7, 2026.
  • Reworded:
    • Older filing (2026-05-07) buyback table covered January, February, and March 2026 with total shares purchased of 1,624,840 at average price $51.56. Newer filing (2026-08-05) buyback table covers April, May, and June 2026 with total shares purchased of 2,077,561 at average price $53.03.
    • Older filing (2026-05-07) stated the Board's repurchase authorization in October 2025 of 5,000,000 shares with 1,634,000 shares remaining at March 31, 2026, and noted the Board increased the authorization to 7,500,000 shares on April 24, 2026. Newer filing (2026-08-05) stated the Board's repurchase authorization in April 2026 of 7,500,000 shares with 5,425,828 shares remaining at June 30, 2026.
    • Older filing (2026-05-07) Item 5 Other Information referred to the three months ended March 31, 2026. Newer filing (2026-08-05) Item 5 Other Information referred to the three months ended June 30, 2026.
    • Older filing (2026-05-07) footnote (1) listed shares withheld for tax purposes in January (1,499), February (28,190), and March (42,430) 2026. Newer filing (2026-08-05) footnote (1) listed shares withheld in April (565), May (890), and June (1,934) 2026.
    • Older filing (2026-05-07) footnote (2) reported average market value per share of $52.88, $53.24, and $51.70 in January, February, and March 2026. Newer filing (2026-08-05) footnote (2) reported $50.68, $51.99, and $51.52 in April, May, and June 2026.
  • Notes:
    • The Risk Factors disclosure itself (Item 1A) is identical in both filings: both state there are no material changes to the risk factors described in the 2025 Annual Report on Form 10-K.
    • The comparison included non-risk-factor content (Item 2, Item 5, Item 6, and signatures) present in the provided source texts; only factual differences in those sections are reported above.
    • This is an AI-assisted comparison of the provided texts and does not assess materiality or provide legal or investment advice.

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

0 open-market purchases and 7 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.

  • Last 90 days · read to 2026-10-040 buys · 7 sells ($2M) — 7 selling insiders
  • Last 180 days · read to 2026-10-040 buys · 8 sells ($2M) — 8 selling insiders

Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)

Most recent open-market transaction: 2026-08-27. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.

View full insider trading history → View SEC Form 3/4/5 filings

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Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Institutional ownership (13F)

5 institutional 13F filers reported holding CBSH as of 2026-06-30 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 5
  • Reported shares held 25,823,295
  • Reported value $1,491,306,542

reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

CBSH had 6,413,757 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).

CBSH had 4.47% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.87 days to cover at the same settlement.

  • Reported short interest (shares) 6,413,757
  • Short interest (% of shares outstanding) 4.47%
  • Prior settlement (shares) 6,556,892
  • Reported change -2.18%
  • Days to cover (reported) 6.87

Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does Commerce Bancshares (CBSH) do?

Commerce Bancshares is a regional bank holding company that provides a full range of banking services, including consumer and commercial banking, wealth management, and investment services. It operates primarily through its subsidiary, Commerce Bank, offering commercial and personal loans, deposit products, and transaction services. The company also provides specialized financial services such as trust and fiduciary services, bank card processing, and brokerage services.

What sector is Commerce Bancshares (CBSH) in?

Commerce Bancshares (CBSH) is classified in the Financials sector. Its industry is regional banking. It trades on NASDAQ.

Does CBSH pay a dividend?

Yes — Commerce Bancshares (CBSH) pays a dividend, with an indicated yield of about 1.96% and 5-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.

Who are Commerce Bancshares's (CBSH) competitors?

Notable peers of Commerce Bancshares (CBSH) include U.S. Bancorp, Regions Financial, Huntington Bancshares, Fifth Third Bancorp and KeyCorp. This peer set is informational only — not financial advice.

Is Commerce Bancshares (CBSH) overbought or oversold right now?

Commerce Bancshares (CBSH) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 36, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on CBSH come from?

Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-10-08.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.