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Commerce Bancshares Inc (CBSH)



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Upturn Advisory Summary
08/15/2025: CBSH (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $69.17
1 Year Target Price $69.17
0 | Strong Buy |
0 | Buy |
7 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.8% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.17B USD | Price to earnings Ratio 14.78 | 1Y Target Price 69.17 |
Price to earnings Ratio 14.78 | 1Y Target Price 69.17 | ||
Volume (30-day avg) 7 | Beta 0.61 | 52 Weeks Range 52.45 - 71.82 | Updated Date 08/16/2025 |
52 Weeks Range 52.45 - 71.82 | Updated Date 08/16/2025 | ||
Dividends yield (FY) 1.72% | Basic EPS (TTM) 4.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 33.38% | Operating Margin (TTM) 45.27% |
Management Effectiveness
Return on Assets (TTM) 1.79% | Return on Equity (TTM) 16.48% |
Valuation
Trailing PE 14.78 | Forward PE 16.39 | Enterprise Value 6702291456 | Price to Sales(TTM) 4.88 |
Enterprise Value 6702291456 | Price to Sales(TTM) 4.88 | ||
Enterprise Value to Revenue 4.27 | Enterprise Value to EBITDA - | Shares Outstanding 133439000 | Shares Floating 121589539 |
Shares Outstanding 133439000 | Shares Floating 121589539 | ||
Percent Insiders 2.55 | Percent Institutions 72.7 |
Upturn AI SWOT
Commerce Bancshares Inc

Company Overview
History and Background
Commerce Bancshares, Inc. was founded in 1865 in Kansas City, Missouri. Initially a small bank, it has grown through organic expansion and strategic acquisitions to become a major regional banking player. The company has focused on relationship banking and community involvement throughout its history.
Core Business Areas
- Commercial Banking: Provides a wide range of banking services to businesses, including commercial lending, deposit accounts, cash management, and international services.
- Consumer Banking: Offers retail banking products and services to individuals, including checking and savings accounts, mortgages, credit cards, and personal loans.
- Wealth Management: Provides investment management, trust, and financial planning services to individuals, families, and institutions.
- Payment Solutions: Offers merchant processing, card issuing, and other payment solutions to businesses.
Leadership and Structure
Commerce Bancshares operates under a traditional corporate structure with a Board of Directors overseeing the executive management team. The CEO leads the overall strategy and operations. Key executives manage the various business segments.
Top Products and Market Share
Key Offerings
- Commercial Loans: Provides financing for businesses of all sizes. Market share varies by region and loan type. Competitors include other regional and national banks like U.S. Bancorp (USB), PNC Financial Services (PNC), and Bank of America (BAC).
- Deposit Accounts: Offers a variety of checking, savings, and money market accounts for consumers and businesses. Competitive landscape includes both traditional banks and online banking platforms. Competitors like Chase (JPM), Wells Fargo (WFC) and local credit unions
- Mortgage Lending: Provides mortgage financing for residential properties. Competitors include Quicken Loans, Rocket Mortgage and other regional banks.
- Wealth Management Services: Offers investment advice and portfolio management to high-net-worth individuals and institutions. Competitors include Fidelity (FNF), Charles Schwab (SCHW), and other independent wealth management firms.
Market Dynamics
Industry Overview
The banking industry is currently navigating a complex environment characterized by rising interest rates, increased regulatory scrutiny, and evolving customer expectations. Technological advancements and digital banking are reshaping the competitive landscape.
Positioning
Commerce Bancshares is positioned as a strong regional bank with a focus on relationship banking and customer service. Its competitive advantages include its established presence in the Midwest, its strong balance sheet, and its reputation for stability. Commerce's value is in its commitment to personalized service and community involvement
Total Addressable Market (TAM)
The total addressable market for regional banking in the US is estimated to be in the trillions of dollars. Commerce Bancshares is positioned well to address this TAM with its geographic footprint and range of services but must focus on the new age of mobile banking.
Upturn SWOT Analysis
Strengths
- Strong regional presence in the Midwest
- Solid financial performance and profitability
- Experienced management team
- Reputation for customer service
- Conservative underwriting standards
Weaknesses
- Limited geographic diversification
- Susceptible to regional economic downturns
- Relatively slower adoption of fintech innovations compared to larger national banks
- Dependence on traditional banking model
Opportunities
- Expansion into new markets through strategic acquisitions
- Increased adoption of digital banking technologies
- Growth in wealth management services
- Increased demand for commercial lending
- Capturing market share from competitors
Threats
- Rising interest rates
- Increased competition from national banks and fintech companies
- Economic recession
- Regulatory changes
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- USB
- PNC
- KEY
- HBAN
Competitive Landscape
Commerce Bancshares benefits from a strong local presence but faces competitive pressure from larger national banks and fintech companies. Its focus on customer service and community involvement provides a competitive advantage.
Major Acquisitions
Heartland Financial USA, Inc
- Year: 2018
- Acquisition Price (USD millions): 77
- Strategic Rationale: Expand market presence in eastern Kansas
Growth Trajectory and Initiatives
Historical Growth: Commerce Bancshares has demonstrated steady growth over the past decade through organic expansion and strategic acquisitions. Historical growth is steady but not aggressive.
Future Projections: Analyst estimates for future growth depend on broader economic conditions and the company's ability to execute its strategic initiatives. Please consult financial databases for the latest analyst estimates.
Recent Initiatives: Recent initiatives include investments in digital banking technologies, expansion of wealth management services, and continued focus on relationship banking.
Summary
Commerce Bancshares is a well-established regional bank with a stable financial position and a focus on customer relationships. Its strengths lie in its strong regional presence and experienced management team. However, it faces challenges from larger national banks and the increasing adoption of fintech. The company must embrace digital innovation and explore new growth opportunities to remain competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Yahoo Finance
- Bloomberg
- Industry Reports
- Financial News Outlets
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice. Market share data are estimates and may vary. Financial data should be verified with official sources.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Commerce Bancshares Inc
Exchange NASDAQ | Headquaters Kansas City, MO, United States | ||
IPO Launch date 1984-09-07 | President, CEO & Director Mr. John W. Kemper | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 4658 | Website https://www.commercebank.com |
Full time employees 4658 | Website https://www.commercebank.com |
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: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; retail branch network; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

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