Commerce Bancshares Inc
CBSH- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0000022356
In the last 90 days, Commerce Bancshares Inc insiders filed 0 open-market purchases and 2 sales; 512 institutions reported holding it in 13F filings for Q2 2026, worth $6.30B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:27 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 22, 2025 | Jan 18, 2024 | Jan 19, 2023 | Jan 19, 2022 |
| Revenue | $1.48B | $1.47B | $1.38B | $999.0M | $848.3M |
| Interest expense | – | – | $383.2M | $56.8M | $12.9M |
| Income tax | $161.1M | $145.1M | $134.5M | $132.4M | $145.7M |
| Net income | $566.3M | $526.3M | $477.1M | $488.4M | $530.8M |
| EPS, basic | $4.04 | $3.88 | $3.64 | $3.86 | $4.32 |
| EPS, diluted | $4.04 | $3.87 | $3.64 | $3.85 | $4.31 |
| Margins and growth | |||||
| Net margin | 38.2% | 35.8% | 34.5% | 48.9% | 62.6% |
| Revenue growth, year over year | +1.0% | +6.4% | +38.3% | +17.8% | −2.8% |
| Net income growth, year over year | +7.6% | +10.3% | −2.3% | −8.0% | +49.9% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 22, 2025 | Jan 18, 2024 | Jan 19, 2023 | Jan 19, 2022 |
| Property, plant and equipment | $485.7M | $475.3M | $469.1M | $418.9M | $388.7M |
| Goodwill | $146.5M | $146.5M | $146.5M | $138.9M | $138.9M |
| Intangible assets | $13.3M | $13.6M | $14.2M | $15.2M | $15.6M |
| Total assets | $32.9B | $32.0B | $31.7B | $31.9B | $36.7B |
| Total liabilities | $29.1B | $28.7B | $28.7B | $29.4B | $33.2B |
| Shareholders' equity | $3.81B | $3.33B | $2.96B | $2.48B | $3.45B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 22, 2025 | Jan 18, 2024 | Jan 19, 2023 | Jan 19, 2022 |
| Operating cash flow | $645.1M | $577.9M | $488.8M | $559.4M | $597.7M |
| Capital expenditures | $52.7M | $46.1M | $88.1M | $65.2M | $56.7M |
| Free cash flow | $592.4M | $531.7M | $400.7M | $494.2M | $541.0M |
| Depreciation and amortization | $56.5M | $54.1M | $49.5M | $46.9M | $44.9M |
| Stock-based compensation | $17.3M | $17.0M | $17.1M | $17.0M | $15.4M |
| Dividends paid | $150.2M | $145.1M | $134.7M | $127.5M | $122.7M |
| Share buybacks | $207.6M | $170.5M | $76.4M | $186.6M | $129.4M |
| Investing cash flow | -$462.4M | $483.8M | $2.18B | $242.3M | -$2.08B |
| Financing cash flow | -$11.0M | -$372.9M | -$883.1M | -$4.20B | $3.57B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.2% | 1.2% | 1.2% | 1.7% | 1.8% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 3, 2026 | 141.6M | +6.9% | SEC |
| Aug 3, 2026 | 143.4M | +7.5% | SEC |
| May 5, 2026 | 145.8M | +9.3% | SEC |
| Feb 20, 2026 | 146.9M | +9.7% | SEC |
| Nov 6, 2025 | 132.4M | +3.3% | SEC |
| Aug 4, 2025 | 133.4M | +3.5% | SEC |
| May 2, 2025 | 133.4M | +3.0% | SEC |
| Feb 19, 2025 | 133.9M | +3.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.