CBSH
Financial ServicesCommerce Bancshares, Inc. · Banks - Regional · $8B
What is Commerce Bancshares, Inc.?
Commerce Bancshares is the holding company for Commerce Bank, a diversified regional bank serving individuals and businesses across the United States. Headquartered in Kansas City, it has built a broad financial services platform spanning consumer banking, commercial lending, and wealth management.
Commerce Bank generates revenue through three core segments: Consumer, Commercial, and Wealth. The Consumer segment covers everyday banking products — deposits, auto and home equity loans, credit cards, and mortgage banking. The Commercial segment handles corporate lending, leasing, cash management, and fixed income securities distribution. The Wealth segment delivers trust, estate planning, investment portfolio management, and private banking. The company also operates in specialty lending, insurance, and brokerage, giving it multiple revenue streams beyond traditional deposit-taking.
Commerce Bancshares was incorporated in 1980 and is headquartered in Kansas City, Missouri.
- Consumer deposits, auto loans, and home equity lending
- Corporate lending, leasing, and commercial cash management
- Trust, estate planning, and discretionary investment management
- Merchant and commercial bank card services
- Online and mobile banking platforms
Is CBSH a Good Stock to Buy?
UQS Score rates CBSH as Below Average overall, reflecting meaningful headwinds across several key pillars despite one area of genuine strength.
The Quality pillar stands out as the clearest positive — Commerce Bancshares demonstrates financial discipline and operational consistency that compares favorably within the regional banking space. Valuation is rated Good, suggesting the stock is not obviously expensive relative to what the business delivers.
The Moat, Growth, and Risk pillars all register as Weak, pointing to limited competitive differentiation, subdued expansion prospects, and elevated risk considerations that weigh on the composite score.
Pro members can view the exact pillar breakdown and full financial metrics behind each rating — sign up at UQS Score to see the complete picture. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CBSH pay dividends?
Yes — Commerce Bancshares, Inc. pays a dividend.
Commerce Bancshares pays a regular dividend, consistent with its profile as an established regional bank with a long operating history. The dividend reflects the company's preference for returning capital to shareholders rather than pursuing aggressive reinvestment. Investors seeking income from the financial sector may find CBSH's dividend cadence worth examining alongside the full UQS pillar analysis.
When does CBSH report earnings?
Commerce Bancshares reports earnings on a quarterly cadence, typical for US-listed bank holding companies.
Recent quarters have reflected the broader pressures facing mid-sized regional banks, including interest rate sensitivity and credit quality dynamics. The Quality pillar rating suggests the company has managed its balance sheet with relative discipline through these conditions.
For the most recent quarter's results and guidance, visit Commerce Bancshares' investor relations page directly.
CBSH Price History
-14.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Commerce Bancshares, Inc.?
Based on Commerce Bancshares, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CBSH Long-term Outlook
The UQS Growth pillar rating of Weak signals that Commerce Bancshares is not positioned as a high-expansion story in the near term. Combined with a Weak Risk rating, the fundamental outlook calls for caution — the bank faces headwinds that could limit earnings momentum even if credit conditions stabilize. The Good Valuation rating provides some cushion, but it does not offset the structural challenges reflected in the Moat and Growth assessments.
Growth drivers
- Wealth management segment expansion as assets under management grow with client base
- Commercial banking demand tied to regional economic activity in core Midwest markets
- Digital banking adoption supporting lower-cost deposit gathering
Key risks
- Weak Moat rating reflects limited pricing power relative to larger national banks
- Interest rate sensitivity could compress net interest margins in a shifting rate environment
- Weak Risk pillar signals elevated exposure to credit or operational vulnerabilities
CBSH vs Peers
Commerce Bancshares operates in a competitive regional banking landscape alongside peers that vary significantly in strategy, geography, and growth profile.
Valley National has a stronger presence in the Northeast and Southeast, with a growth strategy more heavily oriented toward commercial real estate lending.
Pinnacle Financial focuses on high-touch relationship banking in the Southeast, often cited for above-average organic loan and deposit growth relative to regional peers.
Grupo Financiero Galicia operates primarily in Argentina, offering a geographically distinct risk and growth profile compared to US-focused regional banks like Commerce.
Frequently Asked Questions
What does Commerce Bancshares do?
Commerce Bancshares is the holding company for Commerce Bank, offering consumer banking, commercial lending, wealth management, and specialty financial services. It serves individuals, businesses, and institutions primarily across the United States through branch, digital, and advisory channels.
Does CBSH pay dividends?
Yes, Commerce Bancshares pays a regular dividend. The company has maintained a consistent dividend program, reflecting its status as a mature regional bank that prioritizes returning capital to shareholders. Check the investor relations page for the current dividend rate and payment schedule.
When does CBSH report earnings?
Commerce Bancshares reports on a quarterly cadence, as is standard for US-listed bank holding companies. For exact dates of upcoming earnings releases, refer to the company's investor relations page or financial calendar.
Is CBSH a good stock to buy?
UQS Score rates CBSH as Below Average overall. While the Quality pillar is Strong and Valuation is Good, the Moat, Growth, and Risk pillars are all rated Weak. Whether it fits your portfolio depends on your risk tolerance and investment goals — the full pillar breakdown is available to Pro members.
Is CBSH overvalued?
The UQS Valuation pillar for CBSH is rated Good, suggesting the stock is not obviously expensive relative to its fundamentals. However, valuation alone does not tell the full story — the Moat and Growth weaknesses are important context for any valuation assessment.
How does CBSH compare to its competitors?
Commerce Bancshares competes with regional banks such as Valley National Bancorp and Pinnacle Financial Partners. Each peer differs in geographic focus, growth strategy, and risk profile. The UQS platform provides side-by-side pillar comparisons for Pro members looking to evaluate CBSH against sector peers.
What is CBSH's market cap bracket?
Commerce Bancshares is classified as a mid-cap company. This places it in a segment of the market that typically offers more liquidity than small-caps while carrying different growth and risk dynamics than large-cap banking institutions.
Who founded Commerce Bancshares?
Commerce Bancshares traces its roots to Commerce Bank, a Missouri-based institution with a long operating history. The holding company structure was established in 1980. Detailed founding history is widely available through the company's official corporate profile and public filings.
Is CBSH a long-term quality indicator?
From a long-term quality standpoint, CBSH's Strong Quality pillar rating is a positive signal — it reflects financial discipline and operational consistency. However, the Weak Moat and Weak Growth ratings suggest limited structural advantages for sustained outperformance over time. Pro members can access the full multi-pillar view for deeper context.
What is the main competitive advantage of Commerce Bancshares?
Commerce Bancshares' primary strength lies in its diversified business model — spanning consumer, commercial, and wealth management segments — and its long-standing regional presence. However, the UQS Moat pillar is rated Weak, indicating that these advantages may not translate into durable pricing power or significant barriers to competition.
What sector does CBSH belong to?
CBSH belongs to the Financial Services sector, specifically operating as a regional bank holding company. Regional banks are sensitive to interest rate cycles, credit conditions, and local economic trends, all of which factor into the UQS Risk and Growth pillar assessments.
Is CBSH a growth stock or value stock?
Based on UQS pillar labels, CBSH leans toward value rather than growth. The Growth pillar is rated Weak, while Valuation is rated Good — a combination more typical of a value-oriented holding than a high-growth opportunity. Income-focused investors may find the dividend profile more relevant than growth prospects.
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Pro Analysis
CBSH — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 55.9 | 88.5 | 35.0 | 17.1 | 68.3 | 75.8 | 0.0 |
| May 19, 2026 | 55.9 | 88.5 | 35.0 | 17.1 | 68.3 | 76.0 | -0.2 |
| May 16, 2026 | 56.1 | 88.5 | 35.0 | 17.1 | 68.3 | 77.0 | +0.1 |
| May 15, 2026 | 56.0 | 88.5 | 35.0 | 17.1 | 68.3 | 76.7 | +0.2 |
| May 14, 2026 | 55.8 | 88.5 | 35.0 | 16.7 | 68.3 | 75.9 | +0.1 |
| May 13, 2026 | 55.7 | 88.5 | 35.0 | 16.7 | 68.3 | 75.1 | 0.0 |
| May 12, 2026 | 55.7 | 88.5 | 35.0 | 16.7 | 68.3 | 75.3 | +0.1 |
| May 11, 2026 | 55.6 | 88.5 | 35.0 | 16.7 | 68.3 | 74.4 | +1.1 |
| May 10, 2026 | 54.5 | 88.3 | 35.0 | 16.7 | 68.3 | 67.6 | -1.2 |
| May 9, 2026 | 55.7 | 89.8 | 35.0 | 10.1 | 68.3 | 81.6 | +0.9 |
CBSH — Pillar Breakdown
Quality
— 88.5/100 (25%)Commerce Bancshares, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 17.1/100 (20%)Commerce Bancshares, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 68.3/100 (15%)Commerce Bancshares, Inc. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 75.1/100 (15%)Commerce Bancshares, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 35/100 (25%)Commerce Bancshares, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CBSH.
Score Composition
Financial Data
More Stock Analysis
How is the CBSH UQS Score Calculated?
The UQS (Unified Quality Score) for Commerce Bancshares, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Commerce Bancshares, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Commerce Bancshares, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.