Commerce Bancshares, Inc. (CBSH)
| Market Cap | 9.10B |
| Revenue (ttm) | 1.62B |
| Net Income (ttm) | 494.82M |
| Shares Out | 128.23M |
| EPS (ttm) | 3.84 |
| PE Ratio | 18.48 |
| Forward PE | 18.51 |
| Dividend | $1.08 (1.52%) |
| Ex-Dividend Date | Dec 3, 2024 |
| Volume | 429,363 |
| Open | 71.55 |
| Previous Close | 71.60 |
| Day's Range | 70.49 - 71.73 |
| 52-Week Range | 47.28 - 73.31 |
| Beta | 0.74 |
| Analysts | Hold |
| Price Target | 60.00 (-15.46%) |
| Earnings Date | Oct 17, 2024 |
About CBSH
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 o... [Read more]
Financial Performance
In 2023, Commerce Bancshares's revenue was $1.55 billion, an increase of 4.85% compared to the previous year's $1.48 billion. Earnings were $472.82 million, a decrease of -2.30%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for CBSH stock is "Hold." The 12-month stock price forecast is $60.0, which is a decrease of -15.46% from the latest price.
News
Commerce Bancshares, Inc. Declares Stock Dividend and Quarterly Cash Dividend on Common Stock
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. ...
Regional Banks Report Credit Quality Remained Strong in Q3
Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in lending and deposits. Commerce Bancshares, Hun...
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.07
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended September 30, 2024, compared to $.92 per share in the same quarter last ye...
Undervalued Dividend Kings: October 2024
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Commerce Bancshares, Inc. Declares Cash Dividend on Common Stock
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.27 per share on the Company's common stock. ...
Commerce Bancshares Reports 3% YOY Growth in Loan Balances
Commerce Bancshares saw its net income increase 9% year over year, driven in part by expanding net interest margin. For the quarter ended June 30, the Missouri-based regional bank holding company with...
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.07
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended June 30, 2024, compared to $.97 per share in the same quarter last year an...
Commerce Bancshares, Inc. Announces Visa Inc.'s Acceptance of Class B-1 Common Stock and Investment Securities Repositioning
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Visa Inc. has accepted the company's tender of its 823,447 shares of Visa Class B-1 common stock in exc...
Commerce Bancshares, Inc. Stock Repurchase Program
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that its Board of Directors approved the repurchase, in combination with the amount remaining from the prior autho...
Commerce Bancshares Echoes Q1 Earnings Theme of Resilience
Commerce Bancshares, one of the Midwest's strongest regional banks, joined the chorus of Q1 results reporting Tuesday (April 16) and sounded the theme of resiliency.
Commerce Bancshares, Inc. (NASDAQ: CBSH) Announced That the Company's 2024 Annual Meeting of Shareholders Will Be Held in a Virtual Meeting Format Only
ST. LOUIS--(BUSINESS WIRE)--As publicly announced, the annual meeting will be held on Wednesday, April 17, 2024 at 9:30 a.m. Central Time. Shareholders as of the close of business on the record date o...
Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.86
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $.86 per share for the three months ended March 31, 2024, compared to $.91 per share in the same quarter last year an...
Healthcare Banking Leader Joins PayGround Board of Directors
Series A lead investor, SixThirty names Commerce Bank CFO Chuck Kim to their PayGround board seat GILBERT, Ariz. , Feb. 6, 2024 /PRNewswire/ -- PayGround , a healthcare fintech payments platform, tod...
Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.84
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $.84 per share for the three months ended December 31, 2023, compared to $1.00 per share in the same quarter last yea...
Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $.96
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $.96 per share for the three months ended September 30, 2023, compared to $.97 per share in the same quarter last yea...
Moody's downgrades string of smaller mid-sized banks
Moody's analysts issued downgrades on a string of small and mid-sized banks. Should investors be worried about a theme developing in the greater banking landscape?
Quotes - U.S. bank stocks slide after Moody's ratings downgrade
U.S. bank shares slid on Tuesday after Moody's downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation's biggest lenders, sparking concerns about th...
Bank ETFs head for worst day in 3 months after credit downgrades, warnings rattle sector
U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday, after Moody's Investors Service late said it put a handful of major U.S. banks on review for a possible downgrade and lowered de...
Moody's says US banks are still strong despite downgrades
Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.
Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice
Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
Moody's places credit ratings of 6 major U.S. banks on review for downgrade
Moody's Investors Services may downgrade its credit ratings on six major U.S. banks, including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp., and has downgraded its debt ratings ...
Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.02
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended June 30, 2023, compared to $.92 per share in the same quarter last year an...