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Companies / Financials / Commerce Bancshares, Inc.
CBSH

Commerce Bancshares, Inc.

FinancialsBanks & Brokers
Ticker CBSHKANSAS CITY, MOFiscal year ends DecemberBook value per share $29.78Diluted shares 146.3M

Commerce Bancshares, Inc. (Nasdaq: CBSH) is a bank holding company whose principal subsidiary, Commerce Bank, provides retail, mortgage, corporate, investment, trust and asset-management services to individuals, businesses and municipalities. Other subsidiaries conduct private-equity investment, securities brokerage… From the company’s description.

In fiscal 2025, Commerce Bancshares, Inc. reported revenue of $1.76B, up 6.5% from fiscal 2024, and net income of $570.70M. Its pre-tax margin was 41.3%. Over the twelve months to Jun 30, 2026, revenue was $1.86B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.76BFY2025
+6.5% year over year
Last 12 mo $1.86B
41.28%FY2025
+0.7 percentage points
Last 12 mo 38.82%
$570.70MFY2025
+6.8% year over year
Last 12 mo $590.84M
14.94%FY2025
−1 percentage points
Last 12 mo 13.39%
Cash & financing
$645.14MFY2025
+11.6% year over year
Last 12 mo $1.26B
$592.39MFY2025
+11.4% year over year
Last 12 mo $1.21B
6.77FY2025
Was 7.64× a year earlier
Last 12 mo 0.01
140.2MFY2025
+3.1% year over year
Last 12 mo 146.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Commerce Bancshares, Inc. does

In the company’s own words

Commerce Bancshares, Inc. (Nasdaq: CBSH) is a bank holding company whose principal subsidiary, Commerce Bank, provides retail, mortgage, corporate, investment, trust and asset-management services to individuals, businesses and municipalities. Other subsidiaries conduct private-equity investment, securities brokerage and underwriting, specialty lending, and leasing activities. The company operates through Commercial, Retail Banking and Wealth segments, which contributed 48%, 28% and 24% of total segment pretax income, respectively, in 2025. Commercial offers corporate lending, payment solutions, merchant and commercial cards, leasing, international services, and business and government banking; Retail Banking includes branches, consumer lending, mortgages and consumer cards; Wealth provides trust, estate planning, brokerage and investment management services to personal and institutional clients. At December 31, 2025, the company had $32.9 billion in consolidated assets and operated 140 branches, primarily in Missouri, Kansas and central Illinois, with additional markets in Oklahoma and Colorado. Its January 2026 acquisition of FineMark added banking offices in Florida, Arizona and South Carolina and expanded its wealth business. Its website is www.commercebank.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
KANSAS CITY, MO
Fiscal year end
December
CIK
22356
SIC
6022

Financial performance, year by year

Fiscal 2013–2025 · USD
$-186.49M$372.99M$932.47M$1.49B$2.05B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Commerce Bancshares, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

361
funds hold it
0 of 35
superinvestors hold it
$2.84B
held by funds, at market
35.1%
of shares held by funds

Largest fund holders · Commerce Bancshares, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.22%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.17%of fund net assets
Mid Cap Value Fund
ACMVX · American Century Capital Portfolios, Inc.
2.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Commerce Bancshares, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Commerce Bancshares, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Commerce Bancshares, Inc.'s last four quarterly filings that the numbers alone won't show?”
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