CBSH

Commerce Bancshares, Inc.

$61.47

0.11

(0.18%)

Exchange:	NASDAQ
Market Cap:	8.202B
Shares Outstanding:	194.64M

Overview

Earnings

Financials

Valuation

Chart

About The Company

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; 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 also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 287 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

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Revenue Segmentation

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EPS

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Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	1,088,195	1,154,388	1,245,334	1,324,678	1,349,622	1,346,746	1,425,876	1,509,226	1,381,291	1,469,557
? Cost Of Revenue	0	0	0	0	0	0	0	0	0	0
? Gross Profit	1,088,195	1,154,388	1,245,334	1,324,678	1,349,622	1,346,746	1,425,876	1,509,226	1,381,291	1,469,557
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	519,761	557,494	577,343	586,355	612,896	625,731	644,158	682,840	617,226	624,344
? Selling And Marketing Expenses	16,107	16,032	16,325	20,548	21,914	19,734	21,856	23,827	24,511	22,353
? Operating Expenses	16,107	16,032	16,325	-719,811	-819,317	-905,396	-749,400	23,827	788,422	1,663,622
? Net Interest Income	0	0	0	0	0	0	0	0	0	1,040,246
? Interest Income	662,416	713,052	777,407	889,201	924,685	872,648	848,290	998,979	1,381,291	1,469,557
? Interest Expense	28,096	33,003	43,728	65,376	103,392	42,801	12,866	56,794	383,162	429,311
? Depreciation And Amortization	42,803	40,929	39,732	38,679	41,145	43,769	44,866	46,856	49,513	54,076
? EBITDA	426,368	441,934	484,735	582,842	572,931	484,947	731,167	679,234	669,239	0
? EBIT										-54,076
? Operating Income	408,416	432,545	473,617	604,867	530,305	441,350	676,476	677,551	619,726	0
? Income Before Tax	383,565	401,005	430,406	544,163	531,786	441,178	686,301	632,378	619,726	679,490
? Income Tax Expense	116,590	124,151	110,506	105,949	109,074	87,293	145,711	132,358	134,549	145,089
? Net Income From Continuing Operations										534,401
? Net Income	263,730	275,391	319,383	433,542	421,231	354,057	530,765	488,399	477,060	526,331
? EPS (Earnings Per Share)	1.820	1.960	2.270	3.210	2.950	2.520	3.920	3.680	3.640	3.880
? EPS Diluted	1.820	1.950	2.260	3.180	2.940	2.510	3.910	3.670	3.640	3.950
? Weighted Average Shares Outstanding	138,283.868	134,675.060	135,188.832	135,106.773	138,305.150	134,701.241	134,125.737	131,538.748	129,922	134,522
? Weighted Average Shares Outstanding Diluted	140,011.989	136,255.503	136,598.655	136,156.584	138,647.923	134,960.549	134,439.950	131,837.998	130,072	134,394.750
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	488,214	766,965	469,070	1,197,768	887,465	2,184,926	4,276,756	841,636	2,682,157	748,357
? Short Term Investments	9,777,004	9,649,203	8,774,280	8,538,041	8,571,626	12,449,264	14,450,027	12,238,316	9,684,760	9,462,380
? Cash And Short Term Investments	10,265,218	10,416,168	9,243,350	9,735,809	9,459,091	14,634,190	18,726,783	13,079,952	2,687,182	10,210,737
? Net Receivables	0	0	0	0	0	0	0	0	0	0
? Accounts Receivables										0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Total Current Assets	14,251,936	15,434,032	15,501,712	16,327,840	9,459,091	14,634,190	18,726,783	13,079,952	2,687,182	10,210,737
? Property Plant Equipment Net	352,581	337,705	335,110	333,119	370,637	371,083	388,738	418,909	469,059	475,275
? Goodwill	138,921	138,921	138,921	138,921	138,921	138,921	138,921	138,921	146,539	146,539
? Intangible Assets	6,669	6,709	7,618	8,794	9,534	11,207	15,570	15,234	14,179	13,632
? Long Term Investments	9,901,680	9,770,986	8,893,307	8,698,666	8,741,888	12,645,693	14,699,511	12,519,177	9,902,958	0
? Total Non Current Assets	10,353,026	10,207,392	9,331,703	9,136,002	9,260,980	13,166,904	15,242,740	13,046,768	28,433,878	635,446
? Total Assets	24,604,962	25,641,424	24,833,415	25,463,842	26,065,789	32,922,974	36,689,088	31,875,931	31,701,061	31,996,627
? Account Payables	0	0	0	0	0	0	0	0	0	0
? Short Term Debt	0	0	0	0	0	0	0	0	0	0
? Deferred Revenue	0	0	0	0	0	0	0	0	0	0
? Total Current Liabilities	0	9,253,594	8,666,100	8,936,687	8,747,372	12,602,059	14,801,350	12,914,258	0	0
? Long Term Debt	103,818	102,049	1,758	8,702	2,418	802	12,560	9,672	1,404	56
? Deferred Revenue Non Current	0	-331,302	-253,927	-315,585	-140,459	-226,075	0	0	0	0
? Deferred Tax Liabilities Non Current	0	118,195	87,415	81,227	142,877	226,877	0	0	0	0
? Total Non Current Liabilities	103,818	102,049	1,758	8,702	2,418	802	12,560	29,394,354	28,736,831	56
? Total Liabilities	22,237,544	23,140,292	22,115,231	22,526,693	2,418	802	12,560	29,394,354	28,736,831	28,664,152
? Treasury Stock										-48,401
? Preferred Stock	144,784	144,784	144,784	144,784	144,784	0	0	0	0	0
? Common Stock	489,862	510,015	535,407	559,432	563,978	589,352	610,804	629,319	655,322	676,054
? Retained Earnings	383,313	292,849	221,374	241,163	201,562	73,000	92,493	31,620	53,183	45,494
? Additional Paid In Capital										0
? Total Stockholders Equity	2,361,990	2,495,783	2,716,560	2,931,298	3,134,684	3,397,047	3,437,298	2,465,291	2,944,116	3,309,881
? Total Equity	2,367,418	2,501,132	2,718,184	2,937,149	3,138,472	3,399,972	3,448,324	2,481,577	2,964,230	3,332,475
? Minority Interest	5,428	5,349	1,624	5,851	3,788	2,925	11,026	16,286	20,114	22,594
? Total Liabilities And Total Equity	24,604,962	25,641,424	24,833,415	25,463,842	26,065,789	32,922,974	36,689,088	31,875,931	31,701,061	31,996,627
? Total Investments	19,631,859	19,373,260	17,624,334	17,193,209	17,313,514	25,094,957	29,149,538	24,712,020	19,587,718	9,462,380
? Total Debt	103,818	102,049	1,758	8,702	2,418	802	12,560	9,672	1,404	56
? Net Debt	-384,396	-664,916	-467,312	-1,189,066	-885,047	-2,184,124	-4,264,196	-831,964	-2,680,753	-748,357
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	266,975	276,854	319,900	438,214	422,712	353,885	540,590	500,020	485,177	534,401
? Depreciation And Amortization	42,803	40,929	39,732	38,679	41,145	43,769	44,866	46,856	49,513	53,237
? Deferred Income Tax	7,432	-2,059	13,617	5,336	14,195	-19,540	25,613	21,716	-7,399	-591
? Stock Based Compensation	10,147	11,525	12,105	12,841	13,854	14,915	15,415	16,995	17,052	17,031
? Change In Working Capital	14,509	1,974	-32,106	10,167	23,367	-10,498	11,434	-38,321	40,664	0
? Accounts Receivables	-4,992	-3,642	-4,459	-4,258	3,316	-13,399	19,788	-28,439	0	0
? Inventory	30,354	31,175	-21,125	18,280	87,828	80,407	0	0	0	0
? Accounts Payables	336	1,107	38	2,137	5,586	-9,444	-3,179	3,054	46,650	-23,856
? Net Cash Provided By Operating Activities	289,063	432,367	433,226	552,660	512,794	623,992	597,722	559,385	488,769	577,859
? Investments In Property Plant And Equipment	-31,897	-24,478	-30,824	-33,294	-42,575	-33,134	-56,716	-65,191	-88,074	0
? Acquisitions Net	0	10,112	3,190	13,427	2,033	1,878	8,859	2,985	-6,365	0
? Purchases Of Investments	-3,542,537	-1,988,101	-1,853,817	-2,090,333	-1,863,180	-6,991,460	-5,947,891	-2,147,862	-246,286	-2,677,996
? Sales Maturities Of Investments	3,204,144	2,056,777	2,692,020	2,219,849	1,971,447	3,275,987	3,539,917	2,798,231	3,077,501	3,428,700
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	483,787
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	-1,348
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-1,348
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	-170,470
? Net Dividends Paid	-93,961	-96,070	-100,619	-109,238	-122,466	-127,568	-122,693	-127,466	-134,734	-145,093
? Common Dividends Paid										-145,093
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	308,341	652,562	-924,536	223,252	-84,061	6,067,032	3,573,662	-4,200,809	-883,119	-372,937
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	-597,998	279,716	-270,590	684,888	-301,432	1,300,520	2,088,626	-3,399,153	1,789,482	688,709
? Cash At End Of Period	502,719	782,435	511,845	1,209,240	907,808	2,208,328	4,296,954	897,801	2,687,283	3,375,992
? Cash At Beginning Of Period	1,100,717	502,719	782,435	524,352	1,209,240	907,808	2,208,328	4,296,954	897,801	2,687,283
? Operating Cash Flow	289,063	432,367	433,226	552,660	512,794	623,992	597,722	559,385	488,769	577,859
? Capital Expenditure	-31,897	-24,478	-30,824	-33,294	-42,575	-33,134	-56,716	-65,191	-88,074	0
? Free Cash Flow	257,166	407,889	402,402	519,366	470,219	590,858	541,006	494,194	400,695	577,859
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027
Estimated Revenue (Low)	1,314,312.144	1,334,220.783	1,331,633.506	1,406,156.039	1,490,574.039	1,260,859.820	1,330,176.857	30.472	1,746,408.833	1,897,355.868
Estimated Revenue (High)	1,339,635.275	1,359,927.498	1,357,290.371	1,433,248.746	1,524,339.361	1,591,219.486	1,667,494.177	2,574,902.025	1,797,773.799	1,897,355.869
Estimated Revenue (Avg)	1,326,777.500	1,346,874.959	1,344,263.143	1,419,492.472	1,504,450.911	1,571,077.468	1,657,449.032	1,706,443.946	1,777,227.813	1,897,355.869
Estimated Ebitda (Low)	466,903.318	540,501.973	351,580.180	493,849.823	540,431.578	594,474.734	593,775.422	13.602	779,576.517	846,957.512
Estimated Ebitda (High)	700,354.977	810,752.961	527,370.270	740,774.734	810,647.366	891,712.103	744,349.936	1,149,406.207	802,505.238	846,957.512
Estimated Ebitda (Avg)	583,629.148	675,627.467	439,475.225	617,312.279	675,539.473	743,093.419	739,865.900	761,736.658	793,333.750	846,957.512
Estimated Net Income (Low)	314,322.279	337,511.157	226,889.883	356,229.582	380,094.422	378,255.199	483,883.452	483,648.022	513,519.057	479,550.754
Estimated Net Income (High)	471,483.419	506,266.735	340,334.825	534,344.373	570,141.633	567,382.800	497,708.805	543,940.296	587,066.969	730,090.239
Estimated Net Income (Avg)	392,902.849	421,888.946	283,612.354	445,286.978	475,118.028	472,819	490,796.129	518,221.599	536,736.599	645,157.124
Estimated SGA Expense (Low)	439,723.196	509,470.976	496,210.335	457,294.875	556,507.547	612,158.300	625,064.331	14.319	820,656.189	891,587.815
Estimated SGA Expense (High)	659,584.794	764,206.466	744,315.504	685,942.313	834,761.321	918,237.452	783,573.348	1,209,974.001	844,793.136	891,587.815
Estimated SGA Expense (Avg)	549,653.995	636,838.721	620,262.920	571,618.594	695,634.434	765,197.876	778,853.027	801,876.261	835,138.357	891,587.815
Estimated EPS (Avg)	2.960	2.910	2.410	3.980	3.500	3.480	3.780	3.940	4.160	4.960
Estimated EPS (High)	3	2.950	2.440	4.030	3.560	3.530	3.830	4.180	4.510	5.610
Estimated EPS (Low)	2.930	2.870	2.380	3.930	3.460	3.460	3.720	3.720	3.950	3.690
Number of Analysts (Estimated Revenue)	6	1	2	2	1	5	3	4	4	1
Number of Analysts (Estimated EPS)	5	2	1	1	2	5	6	6	5	1

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Current Key Metrics

?	Revenue (TTM) :	2.066B	?	P/S (TTM) :	3.86
?	Net Income (TTM) :	521.417M	?	P/E (TTM) :	14.81
?	Enterprise Value (TTM) :	7.248B	?	EV/FCF (TTM) :	13.59
?	Dividend Yield (TTM) :	0.02	?	Payout Ratio (TTM) :	0.27
?	ROE (TTM) :	0.16	?	ROIC (TTM) :	0.08
?	Net Debt (TTM) :	-415003000	?	Debt/Equity (TTM) :	0.7
?	P/B (TTM) :	2.32	?	Current Ratio (TTM) :	0.22

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
20.73	21.09	25.46	15.42	17.53

SWOT Analysis

No SWOT analysis available for this stock.

CBSH

0.18

1.3

-2.02

-1.82

-2.87

19.35

35.8

Trading Metrics:

Open:	61.84	Previous Close:	61.36
Day Low:	61.34	Day High:	62.43
Year Low:	50.9	Year High:	72.75
Price Avg 50:	62.06	Price Avg 200:	62.56
Volume:	893424	Average Volume:	630839

Relevant news

17-02-2025 10:55

Here's Why Commerce Bancshares (CBSH) is a Strong Momentum Stock

CBSH

Commerce Bancshares, Inc.

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

Relevant news

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