US stock · Financial Services sector · Banks—Regional
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Commerce Bancshares, Inc.

CBSHNASDAQ

72.78

USD
-0.56
(-0.77%)
Market Open
19.00P/E
18Forward P/E
0.95P/E to S&P500
8.687BMarket CAP
1.42%Div Yield

Commerce Bancshares, Inc.

NASDAQ:CBSH

RECENT
PRICE

72.78

P/E
RATIO

19.00

(PEG:0.30)

P/E RATIO
RELATIVE
TO S&P

0.95

DIV
YLD

1.51%

High:
Low:

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

Legends

Stock price

0.77 Beta (1.0 Market)

0

0

0

0

0

0

0

0

0

-

% total return 11/22:

Stock

S&P

1y.

0

0

3y.

0

0

5y.

0

0

0

Percent shares traded:

0

0

0

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

TTM

Fiscal year

5.99

1.51

2.81

0.45

6.42

1.44

2.00

0.48

6.81

1.33

1.23

0.51

7.04

1.15

1.81

0.51

7.03

1.49

4.37

0.52

7.13

1.74

2.62

0.54

7.27

1.88

2.42

1.47

7.32

1.85

2.39

0.58

7.73

1.89

2.29

0.64

8.16

1.98

1.93

0.70

8.90

2.12

3.14

0.74

9.57

2.46

3.09

0.77

10.22

3.34

4.01

0.84

10.66

3.33

3.71

0.97

10.91

2.87

4.79

1.03

11.66

4.34

4.43

1.00

11.03

3.90

4.67

1.05

Revenue per share

Earnings per share

Free Cash Flow per sh

Dividends per share

0.28

9.88

0.35

10.68

0.30

11.08

0.20

12.85

0.12

13.54

0.14

14.68

0.24

15.09

0.17

15.65

0.32

16.84

0.24

17.71

0.19

19.23

0.24

20.88

0.26

22.61

0.34

24.76

0.27

27.52

0.46

28.12

0.40

23.68

CAPEX per share

Book Value per share

146

143

142

147

149

148

144

141

138

133

130

130

130

127

123

122

120

Comm.Shares outs.(m)

19.7

1.1

1.5%

20.0

1.2

1.7%

21.1

1.0

1.8%

21.3

0.3

2.1%

18.5

0.9

1.9%

16.2

1.0

1.9%

14.8

1.0

5.3%

17.2

1.0

1.8%

18.6

1.0

1.8%

18.5

0.9

1.9%

19.4

0.9

1.8%

19.8

0.8

1.6%

16.4

0.7

1.5%

16.5

0.7

1.8%

19.3

0.5

1.9%

16.0

0.5

1.4%

19.0

0.9

1.5%

Avg. annual P/E ratio

P/E relative to S&P500

Avg. annual div. yield

Capital Structure (30/9/22 | Q3)

Total liabilities
$30,231 m.

Total assets
$32,603 m.

Long-term debt
- -

Cash and equiv.
$344 m.

Goodwill $139 m.

Retained earnings $353 m.

Common stock 120 m. shares

Market Capitalisation
$8,755 m. (as of 30/11/22)

1,052

- -

1,044

- -

1,033

- -

1,070

- -

1,088

- -

1,154

- -

1,245

- -

1,325

- -

1,350

- -

1,347

- -

1,426

- -

1,329

- -

Revenue (m)

Operating margin

47

256

43

269

42

261

42

262

43

264

41

275

40

319

39

434

41

421

44

354

45

531

55

472

Depreciation (m)

Net profit (m)

31.9%

24.4%

31.9%

25.8%

31.9%

25.3%

31.4%

24.5%

30.4%

24.2%

31.0%

23.9%

25.7%

25.6%

19.5%

32.7%

20.5%

31.2%

19.8%

26.3%

21.2%

37.2%

21.5%

36.3%

Income tax rate

Net profit margin

10,798

112

2,166

12,001

104

2,167

13,531

107

2,211

13,844

104

2,330

14,252

104

2,362

15,434

102

2,496

15,502

2

2,717

16,328

9

2,931

16,849

2

3,135

19,800

1

3,397

21,491

13

3,437

13,248

- -

2,352

Working capital (m)

Long-term debt (m)

Equity (m)

1.4%

2.1%

11.8%

1.3%

2.0%

12.4%

1.2%

1.8%

11.8%

1.2%

1.7%

11.2%

1.2%

1.7%

11.2%

1.2%

1.7%

11.0%

1.4%

1.9%

11.8%

1.9%

2.4%

14.8%

1.9%

2.4%

13.4%

1.2%

1.5%

10.4%

1.5%

1.9%

15.4%

1.5%

1.9%

20.1%

ROIC

Return on capital

Return on equity

Working Capital

2019

2020

2021

Cash assets

9,459

10,757

12,848

Receivables

- -

- -

- -

Inventory

- -

- -

- -

Other

7,389

5,166

2,764

Current assets

16,849

19,800

21,491

Acc. Payable

- -

- -

- -

Debt due

- -

- -

- -

Other

- -

- -

- -

Current liab.

- -

- -

- -

69.1%

42.7%

21.4%

90.9%

68.5%

44.9%

66.3%

113.3%

64.4%

84.4%

65.1%

33.2%

68.5%

29.4%

74.8%

35.5%

70.9%

86.6%

64.0%

56.1%

76.9%

46.6%

73.8%

60.2%

Plowback ratio

Div.&Repurch. to FCF

Commerce Bancshares, Inc. (US) started trading on March 1, 1980 (cik: 0000022356), operates in the Financial Services sector (Banks—Regional industry), has 4,595 full-time employees, and is led by Mr. John Kemper. 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.

Annual rates

(avg rate of change)

Past
5 y.

Past
10 y.

Revenues

3.48%

3.56%

Cash flow

9.21%

7.34%

Earnings

16.72%

9.47%

Dividends

5.25%

-2.14%

Book value

6.10%

5.30%

Insider trading

Type

Shares

Date

Kemper David W

Sale

2,104

11/28/22

Holmes Robert S

Gift

275

11/16/22

Kemper David W

Gift

48

11/01/22

Kemper John W

Gift

48

11/01/22

Walker Kimberly G

Award

190

10/31/22

Fiscal Year Ends

Quarterly Revenue (m)

Full fiscal year

I

II

III

IV

2020

311

316

362

357

1,347

2021

352

364

365

346

1,426

2022

348

373

263

- -

- -

Fiscal Year Ends

Earnings per share

Full fiscal year

I

II

III

IV

2020

0.42

0.32

1.07

1.05

2.87

2021

1.07

1.33

1.00

0.94

4.34

2022

0.98

0.97

1.03

- -

- -

Fiscal Year Ends

Quarterly dividends paid

Full fiscal year

I

II

III

IV

2020

0.26

0.26

0.26

0.24

1.03

2021

0.25

0.25

0.25

0.25

1.00

2022

0.27

0.27

0.27

- -

- -