CBSH

Commerce Bancshares Inc

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Advanced Chart

62.030

+0.26(0.421%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

62.180

Open

61.740

VWAP

61.86

Vol

690.70K

Mkt Cap

8.28B

Low

61.190

Amount

42.73M

EV/EBITDA(TTM)

13.78

Total Shares

129.54M

10.20B

EV/OCF(TTM)

4.58

P/S(TTM)

5.59

Commerce Bancshares, Inc. is a bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. The Company’s subsidiary, Commerce Bank (the Bank), operates full-service banking facilities across the Midwest, including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. It also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids and wealth offices in Dallas, Houston, and Naples. Its segments include Commercial, Consumer, and Wealth. The Commercial segment provides a full array of 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 cash management services.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

484.30M

+14.55%

1.003

+2.38%

448.13M

+5.36%

1.086

+7.52%

447.03M

+4.56%

1.104

+8.34%

Estimates Revision

The market is revising Upward the revenue expectations for Commerce Bancshares, Inc. (CBSH) for FY2025, with the revenue forecasts being adjusted by 2% over the past three months. During the same period, the stock price has changed by 1.64%.

Revenue Estimates for FY2025

Revise Upward

+2%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+4.87%

In Past 3 Month

Stock Price

Go Up

+1.64%

In Past 3 Month

6 Analyst Rating

7.37% Upside

Wall Street analysts forecast CBSH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBSH is 66.60 USD with a low forecast of 60.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

6 Hold

0 Sell

Hold

7.37% Upside

Current: 62.030

Low

60.00

Averages

66.60

High

71.00

7.37% Upside

Current: 62.030

Low

60.00

Averages

66.60

High

71.00

Wells Fargo

Equal Weight

maintain

$62 -> $69

2025-07-21

New

Reason

Wells Fargo

Price Target

$62 -> $69

2025-07-21

New

maintain

Equal Weight

Reason

Wells Fargo raised the firm's price target on Commerce Bancshares to $69 from $62 and keeps an Equal Weight rating on the shares. The firm cites consistently strong execution, with another beat and raise quarter. Fixed asset repricing remains a tailwind, but EPS growth stalls until the second half of 2026, owing limited deposit repricing opportunity, rate cuts, and FNBT acquisition, Wells adds. The premium valuation keeps the firm on the sidelines.

Piper Sandler

Nathan Race

Neutral

maintain

$70

2025-07-17

Reason

Piper Sandler

Nathan Race

Price Target

$70

2025-07-17

maintain

Neutral

Reason

Piper Sandler analyst Nathan Race raised the firm's price target on Commerce Bancshares to $70 from $66.50 and keeps a Neutral rating on the shares. The firm says that while the company's Q2 results exceeded expectations and drove its estimates higher due to the higher net interest margin starting point, it appears that net interest income growth will likely slow in the second half of 2025 given some likely non-recurring benefits in Q2, a softer loan pipeline recently and less remaining funding cost leverage.

BofA

Neutral

maintain

$71 -> $73

2025-07-13

Reason

BofA

Price Target

$71 -> $73

2025-07-13

maintain

Neutral

Reason

BofA raised the firm's price target on Commerce Bancshares to $73 from $71 and keeps a Neutral rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but "resilient" earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight

maintain

$61 -> $66

2025-07-03

Reason

Morgan Stanley

Price Target

$61 -> $66

2025-07-03

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on Commerce Bancshares to $66 from $61 and keeps an Equal Weight rating on the shares. Midcap banks are trading at their widest discount to the largest banks in over 10 years, and the setup is positive going into earnings with green shoots on loan acceleration, benign credit and ongoing benefits to net interest income, the analyst tells investors in a research note.

BofA

Neutral

maintain

$69 -> $71

2025-06-24

Reason

BofA

Price Target

$69 -> $71

2025-06-24

maintain

Neutral

Reason

BofA raised the firm's price target on Commerce Bancshares to $71 from $69 and keeps a Neutral rating on the shares. Commerce will acquire FineMark in an all-stock transaction valued at approximately $585M, notes the analyst following the deal announcement on June 16. The firm believes the deal aligns with the bank's growth strategy, specifically in wealth management, though BofA sees it as more as a bolt-on acquisition, the analyst tells investors. The firm raised its 2026 EPS estimate by 5.5% to $4.48 from $4.25, the analyst noted.

Morgan Stanley

Equal Weight

maintain

$58 -> $61

2025-06-18

Reason

Morgan Stanley

Price Target

$58 -> $61

2025-06-18

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on Commerce Bancshares to $61 from $58 and keeps an Equal Weight rating on the shares. The firm is increasing its 2026 EPS estimate by 5% to $4.50 by baking in the FineMark acquisition, the analyst tells investors. The firm, which models revenue related synergies to wealth fees and loan growth beginning only in 2027, is also raising its 2027 EPS estimate by 6% to $4.80.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Commerce Bancshares Inc (CBSH.O) is 14.30, compared to its 5-year average forward P/E of 16.72. For a more detailed relative valuation and DCF analysis to assess Commerce Bancshares Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

16.72

Current PE

14.30

Overvalued PE

18.88

Undervalued PE

14.57

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

5.10

Current PS

4.45

Overvalued PS

5.86

Undervalued PS

4.34