Commerce Bancshares Inc /Mo/ - Understand $cbsh stock

$CBSH Market Cap: $9.305 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$741.4M

TTM

Gross Margin

Net Earnings

$498.5M

TTM

Current Assets

Current Liabilities

$2.182B

Q3 2024

Current Ratio

Total Assets

$31.49B

Q3 2024

Total Liabilities

$28.04B

Q3 2024

Book Value

$3.454B

Q3 2024

Cash

$3.150B

Q3 2024

P/E

18.67

Nov 29, 2024 EST

Free Cash Flow

$788.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$1.381B	$999.0M	$848.3M	$872.6M	$924.7M	$889.2M	$777.4M	$713.1M	$662.4M	$648.3M	$650.3M	$678.0M	$698.0M	$729.5M
YoY Change	38.27%	17.76%	-2.79%	-5.63%	3.99%	14.38%	9.03%	7.64%	2.18%	-0.31%	-4.08%	-2.87%	-4.32%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.381B	$999.0M	$848.3M	$872.6M	$924.7M	$889.2M	$777.4M	$713.1M	$662.4M	$648.3M	$650.3M	$678.0M	$698.0M	$729.5M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$36.10M	$32.30M	$31.90M	$32.20M	$30.80M	$28.60M	$29.10M	$30.10M	$30.10M	$29.80M	$30.70M	$32.20M	$34.50M	$35.10M	$51.50M	$50.70M	$52.50M	$48.40M	$42.30M	$41.60M	$41.40M	$35.30M	$37.90M	$36.80M	$35.40M	$32.20M	$30.40M	$31.10M	$31.20M	$25.70M	$24.80M	$20.40M	$18.70M	$18.20M	$14.30M	$14.30M	$13.90M
YoY Change	11.76%	1.25%	-0.93%	4.55%	7.69%	-1.72%	-3.32%	0.0%	1.01%	-2.93%	-4.66%	-6.67%	-1.71%	-31.84%	1.58%	-3.43%	8.47%	14.42%	1.68%	0.48%	17.28%	-6.86%	2.99%	3.95%	9.94%	5.92%	-2.25%	-0.32%	21.4%	3.63%	21.57%	9.09%	2.75%	27.27%	0.0%	2.88%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$383.2M	$56.79M	$12.87M	$42.80M	$103.4M	$65.38M	$43.73M	$33.00M	$28.10M	$28.09M	$30.91M	$38.06M	$51.90M	$83.55M
YoY Change	574.65%	341.43%	-69.94%	-58.6%	58.15%	49.51%	32.5%	17.47%	0.03%	-9.14%	-18.78%	-26.66%	-37.88%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$619.7M	$632.4M	$686.3M	$441.2M	$531.8M	$544.2M	$430.4M	$401.0M	$383.6M	$384.4M	$384.3M	$398.6M	$381.0M	$318.1M	$242.1M	$274.5M	$301.0M	$323.7M	$317.6M	$311.1M	$291.2M	$288.2M	$264.3M	$267.9M	$247.9M	$225.6M	$202.1M	$182.4M	$168.8M	$147.7M	$137.3M	$111.7M	$90.90M	$87.70M	$57.90M	$70.70M	$58.50M	$50.30M	$51.80M	$37.80M	$44.20M
YoY Change	-2.0%	-7.86%	55.56%	-17.04%	-2.27%	26.43%	7.33%	4.55%	-0.23%	0.03%	-3.59%	4.61%	19.78%	31.4%	-11.8%	-8.8%	-7.01%	1.92%	2.09%	6.83%	1.04%	9.04%	-1.34%	8.07%	9.88%	11.63%	10.8%	8.06%	14.29%	7.57%	22.92%	22.88%	3.65%	51.47%	-18.1%	20.85%	16.3%	-2.9%	37.04%	-14.48%
Income Tax	$134.5M	$132.4M	$145.7M	$87.29M	$109.1M	$105.9M	$110.5M	$124.2M	$116.6M	$121.6M	$123.2M	$127.2M	$121.4M	$96.25M	$73.80M	$85.10M	$93.70M	$103.9M	$94.30M	$90.80M	$84.70M	$91.90M	$85.50M	$89.30M	$81.60M	$75.50M	$69.40M	$62.90M	$61.10M	$51.60M	$50.40M	$40.10M	$31.10M	$30.20M	$28.90M	$21.60M	$18.40M	$11.10M	$13.90M	$6.800M	$9.300M
% Of Pretax Income	21.71%	20.93%	21.23%	19.79%	20.51%	19.47%	25.67%	30.96%	30.4%	31.64%	32.06%	31.9%	31.86%	30.26%	30.48%	31.0%	31.13%	32.1%	29.69%	29.19%	29.09%	31.89%	32.35%	33.33%	32.92%	33.47%	34.34%	34.48%	36.2%	34.94%	36.71%	35.9%	34.21%	34.44%	49.91%	30.55%	31.45%	22.07%	26.83%	17.99%	21.04%
Net Earnings	$477.1M	$488.4M	$530.8M	$354.1M	$421.2M	$433.5M	$319.4M	$275.4M	$263.7M	$261.8M	$261.0M	$269.3M	$256.3M	$221.7M	$169.1M	$188.7M	$206.7M	$219.8M	$223.2M	$220.3M	$206.5M	$196.3M	$178.7M	$178.6M	$166.2M	$150.1M	$132.7M	$119.5M	$107.6M	$96.10M	$86.90M	$71.70M	$59.80M	$59.50M	$29.00M	$49.00M	$40.10M	$39.20M	$37.90M	$31.00M	$34.90M
YoY Change	-2.32%	-7.98%	49.91%	-15.95%	-2.84%	35.74%	15.97%	4.42%	0.75%	0.3%	-3.11%	5.07%	15.62%	31.11%	-10.39%	-8.71%	-5.96%	-1.52%	1.32%	6.68%	5.2%	9.85%	0.06%	7.46%	10.73%	13.11%	11.05%	11.06%	11.97%	10.59%	21.2%	19.9%	0.5%	105.17%	-40.82%	22.19%	2.3%	3.43%	22.26%	-11.17%
Net Earnings / Revenue	34.54%	48.89%	62.57%	40.57%	45.55%	48.76%	41.08%	38.62%	39.81%	40.38%	40.13%	39.73%	36.73%	30.39%
Basic Earnings Per Share	$3.64	$3.86	$4.32	$2.77	$3.25	$3.44	$2.63	$2.38	$2.33	$2.38	$2.47	$2.64	$2.57	$2.30
Diluted Earnings Per Share	$3.64	$3.85	$4.31	$2.77	$3.25	$3.43	$2.62	$2.37	$2.32	$2.37	$2.46	$2.63	$2.56	$2.29	$12.17M	$13.77M	$14.98M	$15.59M	$15.18M	$14.21M	$12.83M	$11.83M	$10.57M	$10.38M	$9.285M	$8.247M	$7.291M	$6.459M	$5.604M	$5.339M	$4.910M	$4.345M	$3.785M	$3.719M	$1.824M	$2.917M	$2.318M	$2.240M	$2.153M	$1.751M	$1.961M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$469.1M	$418.9M	$389.0M	$371.0M	$371.0M	$333.0M	$335.0M	$338.0M	$353.0M	$358.0M	$350.0M	$358.0M	$360.0M	$383.0M	$403.0M	$411.0M	$406.0M	$386.0M	$374.0M	$336.0M	$336.0M	$335.0M	$313.0M	$258.0M	$235.0M	$222.0M	$214.0M	$210.0M	$210.0M	$192.0M	$195.0M	$193.0M	$177.0M	$174.0M	$115.0M	$113.0M	$117.0M	$146.0M	$134.0M	$112.0M	$56.00M
YoY Change	11.97%	7.69%	4.85%	0.0%	11.41%	-0.6%	-0.89%	-4.25%	-1.4%	2.29%	-2.23%	-0.56%	-6.01%	-4.96%	-1.95%	1.23%	5.18%	3.21%	11.31%	0.0%	0.3%	7.03%	21.32%	9.79%	5.86%	3.74%	1.9%	0.0%	9.38%	-1.54%	1.04%	9.04%	1.72%	51.3%	1.77%	-3.42%	-19.86%	8.96%	19.64%	100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets											$5.000M
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$31.70B	$31.88B	$36.69B	$32.92B	$26.07B	$25.46B	$24.83B	$25.64B	$24.61B	$23.99B	$23.07B	$22.16B	$20.65B	$18.50B	$18.12B	$17.53B	$16.21B	$15.23B	$13.89B	$14.25B	$14.29B	$13.31B	$12.91B	$11.12B	$11.40B	$11.40B	$10.31B	$9.698B	$9.574B	$8.036B	$8.047B	$7.542B	$6.765B	$6.709B	$5.829B	$5.444B	$5.269B	$5.293B	$4.924B	$4.616B	$3.477B
YoY Change
Accounts Payable																	$303.0M	$218.0M	$100.0M	$86.00M	$120.0M	$174.0M	$124.0M	$121.0M	$89.00M	$145.0M	$105.0M	$65.00M	$110.0M	$5.000M	$79.00M	$45.00M	$60.00M	$73.00M	$63.00M	$59.00M	$73.00M	$47.00M	$51.00M	$57.00M	$30.00M
YoY Change																	38.99%	118.0%	16.28%	-28.33%	-31.03%	40.32%	2.48%	35.96%	-38.62%	38.1%	61.54%	-40.91%	2100.0%	-93.67%	75.56%	-25.0%	-17.81%	15.87%	6.78%	-19.18%	55.32%	-7.84%	-10.53%	90.0%
Accrued Expenses	$24.90M	$25.20M	$28.00M	$29.00M	$27.00M
YoY Change	-1.19%	-10.0%	-3.45%	7.41%
Deferred Revenue
YoY Change
Short-Term Debt	$2.909B	$2.842B	$3.023B	$2.098B	$1.851B	$1.964B	$1.507B	$1.724B	$1.964B	$1.863B	$997.0M	$1.084B	$1.256B	$983.0M	$1.103B	$1.027B	$1.239B	$1.771B	$1.326B	$1.914B	$2.106B	$1.460B	$1.087B	$544.0M	$1.042B	$618.0M	$513.0M	$527.0M	$363.0M	$291.0M	$395.0M	$411.0M	$299.0M	$364.0M	$365.0M	$298.0M	$297.0M	$389.0M	$384.0M	$339.0M	$370.0M
YoY Change	2.36%	-6.0%	44.09%	13.34%	-5.75%	30.33%	-12.59%	-12.22%	5.42%	86.86%	-8.03%	-13.69%	27.77%	-10.88%	7.4%	-17.11%	-30.04%	33.56%	-30.72%	-9.12%	44.25%	34.31%	99.82%	-47.79%	68.61%	20.47%	-2.66%	45.18%	24.74%	-26.33%	-3.89%	37.46%	-17.86%	-0.27%	22.48%	0.34%	-23.65%	1.3%	13.27%	-8.38%
Long-Term Debt Due						$0.00
YoY Change
Total Short-Term Liabilities	$2.934B	$25.20M	$28.00M	$29.00M	$27.00M	$1.964B	$1.507B	$1.724B	$1.964B	$1.863B	$997.0M	$1.084B	$1.256B	$983.0M	$1.103B	$1.027B	$303.0M	$218.0M	$100.0M	$86.00M	$120.0M	$174.0M	$124.0M	$121.0M	$89.00M	$145.0M	$105.0M	$65.00M	$110.0M	$5.000M	$79.00M	$45.00M	$60.00M	$73.00M	$63.00M	$59.00M	$73.00M	$47.00M	$51.00M	$57.00M	$30.00M
YoY Change	11541.73%	-10.0%	-3.45%	7.41%	-98.63%	30.33%	-12.59%	-12.22%	5.42%	86.86%	-8.03%	-13.69%	27.77%	-10.88%	7.4%	238.94%	38.99%	118.0%	16.28%	-28.33%	-31.03%	40.32%	2.48%	35.96%	-38.62%	38.1%	61.54%	-40.91%	2100.0%	-93.67%	75.56%	-25.0%	-17.81%	15.87%	6.78%	-19.18%	55.32%	-7.84%	-10.53%	90.0%
Long-Term Debt	$1.404M	$9.672M	$13.00M	$1.000M	$2.000M	$1.000M	$2.000M	$102.0M	$104.0M	$104.0M	$457.0M	$0.00	$8.000M	$8.000M	$12.00M	$1.748B	$22.00M	$26.00M	$18.00M	$23.00M	$404.0M	$16.00M	$18.00M	$114.0M	$26.00M	$27.00M	$7.000M	$14.00M	$15.00M	$6.000M	$7.000M	$7.000M	$38.00M	$39.00M	$10.00M	$15.00M	$66.00M	$67.00M	$98.00M	$99.00M	$89.00M
YoY Change	-85.48%	-25.6%	1200.0%	-50.0%	100.0%	-50.0%	-98.04%	-1.92%	0.0%	-77.24%		-100.0%	0.0%	-33.33%	-99.31%	7845.45%	-15.38%	44.44%	-21.74%	-94.31%	2425.0%	-11.11%	-84.21%	338.46%	-3.7%	285.71%	-50.0%	-6.67%	150.0%	-14.29%	0.0%	-81.58%	-2.56%	290.0%	-33.33%	-77.27%	-1.49%	-31.63%	-1.01%	11.24%
Other Long-Term Liabilities	$437.8M	$330.3M	$364.0M	$448.0M	$527.0M	$238.0M	$181.0M	$213.0M	$176.0M	$192.0M	$356.0M	$452.0M	$311.0M	$299.0M	$185.0M	$284.0M
YoY Change	32.55%	-9.26%	-18.75%	-14.99%	121.43%	31.49%	-15.02%	21.02%	-8.33%	-46.07%	-21.24%	45.34%	4.01%	61.62%	-34.86%
Total Long-Term Liabilities	$439.2M	$340.0M	$377.0M	$449.0M	$529.0M	$239.0M	$183.0M	$315.0M	$280.0M	$296.0M	$813.0M	$452.0M	$319.0M	$307.0M	$197.0M	$2.032B	$22.00M	$26.00M	$18.00M	$23.00M	$404.0M	$16.00M	$18.00M	$114.0M	$26.00M	$27.00M	$7.000M	$14.00M	$15.00M	$6.000M	$7.000M	$7.000M	$38.00M	$39.00M	$10.00M	$15.00M	$66.00M	$67.00M	$98.00M	$99.00M	$89.00M
YoY Change	29.19%	-9.82%	-16.04%	-15.12%	121.34%	30.6%	-41.9%	12.5%	-5.41%	-63.59%	79.87%	41.69%	3.91%	55.84%	-90.31%	9136.36%	-15.38%	44.44%	-21.74%	-94.31%	2425.0%	-11.11%	-84.21%	338.46%	-3.7%	285.71%	-50.0%	-6.67%	150.0%	-14.29%	0.0%	-81.58%	-2.56%	290.0%	-33.33%	-77.27%	-1.49%	-31.63%	-1.01%	11.24%
Total Liabilities	$28.76B	$29.41B	$33.25B	$29.53B	$22.93B	$22.53B	$22.12B	$23.15B	$22.24B	$21.66B	$20.86B	$19.99B	$18.48B	$16.48B	$16.24B	$15.96B	$14.68B	$13.79B	$12.55B	$12.82B	$12.84B	$11.89B	$11.64B	$9.971B	$10.32B	$10.32B	$9.326B	$8.774B	$8.690B	$7.307B	$7.335B	$6.938B	$6.258B	$6.251B	$5.431B	$5.065B	$4.909B	$4.950B	$4.603B	$4.321B	$3.202B
YoY Change	-2.22%	-11.55%	12.62%	28.76%	1.77%	1.88%	-4.45%	4.06%	2.67%	3.85%	4.35%	8.16%	12.15%	1.5%	1.75%	8.71%	6.45%	9.88%	-2.14%	-0.1%	7.99%	2.15%	16.7%	-3.39%	0.0%	10.67%	6.29%	0.97%	18.93%	-0.38%	5.72%	10.87%	0.11%	15.1%	7.23%	3.18%	-0.83%	7.54%	6.53%	34.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.3049 Billion

About COMMERCE BANCSHARES INC /MO/

Commerce Bancshares, Inc. operates as a bank holding company for Commerce Bank. The company is headquartered in Kansas City, Missouri and currently employs 4,711 full-time employees. The Bank is engaged in the general banking business, providing a range of retail, mortgage banking, corporate, investment, trust, and asset management products and services. The company operates over 257 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado. The firm's segments include Commercial, Consumer and Wealth. The Commercial segment offers corporate lending, merchant and commercial bank card products, payment solutions, leasing, and international services, as well as business and government deposit, investment, institutional brokerage and others. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, and consumer debit and credit bank card activities. The Wealth segment provides traditional trust and estate planning services, consumer brokerage services, and advisory and discretionary investment portfolio management services.

Industry: State Commercial Banks Peers: COMERICA INC /NEW/ CULLEN/FROST BANKERS, INC. EAST WEST BANCORP INC PINNACLE FINANCIAL PARTNERS INC PNC FINANCIAL SERVICES GROUP, INC. Signature Bank Corp ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ WESTERN ALLIANCE BANCORPORATION WEBSTER FINANCIAL CORP