Commerce Bancshares Inc
Research Commerce Bancshares Inc (CBSH) on Bullrun: valuation model: 13.8% undervalued, market cap USD 8.39B, P/E 14.3, dividend yield 1.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCBSH
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal13.8% undervalued
- Market capUSD 8.39B
- P/E14.3
- Dividend yield1.9%
- Financial periodQ2 2026
- RevenueUSD 511.74M
- Net incomeUSD 159.79M
- Free cash flowUSD 169.10M
Valuation Snapshot
Bullrun's latest valuation model marks Commerce Bancshares Inc as 13.8% undervalued; latest market cap is USD 8.39B; P/E is 14.3; dividend yield is 1.9%.
Peer valuation comparison
Latest P/E is 14.27x versus a Financial Services sector median of 13.84x (3.2% above).
Latest dividend yield is 1.85% versus a Financial Services sector median of 3.86% (52.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.77B | USD 566.25M | USD 592.39M | n/a | 4.04 | USD 3.55B | USD 12.80M | USD 3.79B |
| FY2024 | USD 1.66B | USD 526.33M | USD 531.73M | n/a | 3.69 | USD 3.38B | USD 56.00K | USD 3.31B |
| FY2023 | USD 1.20B | USD 477.06M | USD 400.70M | n/a | 3.3 | USD 2.69B | USD 1.40M | USD 2.94B |
| FY2022 | USD 773.21M | USD 488.40M | USD 494.19M | n/a | 3.5 | USD 897.80M | USD 6.03M | USD 2.47B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 8.39B | 14.3 | 1.8% | 1.07 |
| 2025 | 2025-12-31 | USD 7.19B | 12.8 | 2.0% | 1.04 |
| 2024 | 2024-12-31 | USD 8.38B | 15.5 | 1.6% | 0.96 |
| 2023 | 2023-12-29 | USD 6.97B | 13.4 | 1.9% | 0.92 |
| 2022 | 2022-12-30 | USD 8.53B | 17.5 | 1.6% | 0.92 |
| 2021 | 2021-12-31 | USD 8.78B | 16.0 | 1.5% | 0.89 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.07 USD, yield 1.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.05 USD |
| FY2024 | 0.98 USD |
| FY2023 | 0.93 USD |
| FY2022 | 0.92 USD |
About Commerce Bancshares Inc
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Retail Banking, Commercial, and Wealth. The Retail Banking segment offers various banking products and services, including consumer deposits;
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Frequently asked questions
Is Commerce Bancshares Inc overvalued or undervalued?
Bullrun's valuation model currently marks Commerce Bancshares Inc as 13.8% undervalued.
What is Commerce Bancshares Inc's market cap?
Commerce Bancshares Inc's market capitalization is USD 8.39B.
What is Commerce Bancshares Inc's P/E ratio?
Commerce Bancshares Inc's price-to-earnings (P/E) ratio is 14.3.
Does Commerce Bancshares Inc pay a dividend?
Commerce Bancshares Inc has a dividend yield of 1.9%.
What does Commerce Bancshares Inc do?
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Retail Banking, Commercial, and Wealth.