Commerce Bancshares Inc (CBSH)
Operating cash flow minus capital spending left $592.4M of free cash flow in fiscal 2025. At September 30, 2026 it held $2.4B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Commerce Bancshares Inc
- Net worth
- Commerce Bancshares Inc has a market value (market cap) of $8B at the latest share price, and shareholders' equity of $4.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $645.1M of cash; after $52.7M of capital spending, free cash flow was $592.4M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Commerce Bancshares Inc's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Commerce Bancshares Inc paid dividends of $1.05 per share in fiscal 2025, a yield of 1.87% at the current price.
What Commerce Bancshares Inc does
Commerce Bancshares Inc is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker CBSH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $566.3M | $4.04 | $592.4M |
| 2024 | n/a | $526.3M | $3.69 | $531.7M |
| 2023 | n/a | $477.1M | $3.30 | $400.7M |
| 2022 | n/a | $488.4M | $3.34 | $494.2M |
| 2021 | n/a | $530.8M | $3.56 | $541M |
| 2020 | n/a | $354.1M | $2.28 | $590.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Commerce Bancshares Inc paid $1.05 per share in fiscal 2025. At the current price that is a yield of 1.87%. It paid out $150.2M in cash dividends, 27% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.05 | $150.2M | 27% |
| 2024 | $0.98 | $145.1M | 28% |
| 2023 | $0.93 | $134.7M | 28% |
| 2022 | $0.87 | $127.5M | 26% |
| 2021 | $0.82 | $122.7M | 23% |
| 2020 | $0.81 | $120.8M | 34% |
Latest SEC filings
What Commerce Bancshares Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- November 3, 2026Other event 8-K
- October 30, 2026Passive stake (5% or more) SCHEDULE 13G
- October 20, 2026
- August 12, 2026Form 13F-NT filing 13F-NT
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- August 5, 2026
- July 17, 2026Quarterly results 8-K/A
- July 16, 2026
- July 6, 2026
Insider trades
What the people running Commerce Bancshares Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $77.5K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 22, 2026 | Barth Kevin GExecutive Vice President | Received as payindirect | 118 | $6.7K |
| September 22, 2026 | Kemper David WExecutive Chairman, Director | Received as payindirect | 128 | $7.3K |
| September 4, 2026 | Upton Jennifer BSenior Vice President | Exercised options | 220 | $8.3K |
| September 4, 2026 | Upton Jennifer BSenior Vice President | Exercised options | 220 | $8.6K |
| September 4, 2026 | Upton Jennifer BSenior Vice President | Shares withheld for tax | 23 | $1.3K |
| September 4, 2026 | Upton Jennifer BSenior Vice President | Shares withheld for tax | 21 | $1.2K |
| September 4, 2026 | Upton Jennifer BSenior Vice President | Other change | 143 | $8.4K |
| September 4, 2026 | Upton Jennifer BSenior Vice President | Other change | 148 | $8.7K |
Who owns CBSH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Commerce Bank13G, passive | 6.2% | February 11, 2026 |
| Vanguard Portfolio Management13G, passive | 6% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.17% | October 30, 2026 |
Largest institutional holders
Insiders
26 insiders reported holding 2,219,923 shares in total, about $124.4M at the last price.
| Holder | Shares |
|---|---|
| Kemper David WExecutive Chairman, Director | 1,296,01626,565 held indirectly |
| Kemper John WPresident and CEO, Director | 206,528 |
| Kim Charles GExec. Vice President and CFO | 119,410 |
| Barth Kevin GExecutive Vice President | 113,38124,374 held indirectly |
| Holmes Robert SExecutive Vice President | 55,962 |
| Handy John KExecutive Vice President | 48,005 |
| Brauer Blackford FDirector | 46,941 |
| Petersen Paula SSenior Vice President | 43,737 |
| Rassieur Benjamin F IIIDirector | 42,946 |
| Schnuck Todd RDirector | 34,135 |
Questions about CBSH
What does Commerce Bancshares Inc do?
Commerce Bancshares Inc is a company in the Finance sector, listed on NASDAQ as CBSH. Its shares trade on NASDAQ under the ticker CBSH.
What is Commerce Bancshares Inc's net worth?
Commerce Bancshares Inc has a market value (market cap) of $8B at the latest share price, and shareholders' equity of $4.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Commerce Bancshares Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $597.1M.
When did Commerce Bancshares Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Commerce Bancshares Inc's next earnings report?
Commerce Bancshares Inc's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Commerce Bancshares Inc pay a dividend?
Yes. Commerce Bancshares Inc paid dividends of $1.05 per share in fiscal 2025, a yield of 1.87% at the current price.
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Where the numbers come from
Financial figures are the values Commerce Bancshares Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.