Commerce Bancshares, Inc. (CBSH) Stock Price & How to Invest
Short answer
CBSH is Commerce Bancshares, a conservative Missouri-based regional bank and Dividend King (57 straight years of raises) that people typically own for durable, low-drama earnings and a growing wealth-management arm rather than for fast growth. It is a real, profitable operating company; the trade-off is that regional-bank returns are tied to interest rates, loan demand, and credit quality across the Midwest.
CBSH stock price
As of 2026-07-08, Commerce Bancshares, Inc. (CBSH) last closed at $57.59, down 7.4% over the past year. Over the past 52 weeks it has traded between $47.49 and $62.96.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Commerce Bancshares, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Commerce Bancshares, Inc. (CBSH) do?
Commerce Bancshares is the holding company for Commerce Bank, a regional bank founded more than 160 years ago and headquartered in Missouri. It runs roughly 140 branches across Missouri, Kansas, central Illinois, Oklahoma and Colorado, with commercial and wealth offices in additional states, offering consumer and commercial banking, payment solutions, wealth management and securities brokerage. The January 2026 close of its roughly $585 million all-stock acquisition of Florida-based FineMark Holdings added about $2.7 billion in loans, $3.1 billion in deposits and $8.7 billion in assets under administration, extending its reach into Florida, Arizona and South Carolina and deepening the wealth business.
The investment picture is one of stability rather than speed. Commerce Bancshares has raised its dividend for 57 consecutive years, a Dividend King status that reflects a conservative underwriting culture, strong capital ratios and below-peer credit losses through past cycles. Recent results show high returns on equity for a bank (around 16.5%) and a net interest margin near 3.7%, but as a regional lender its fortunes rise and fall with interest rates, deposit costs, loan demand and the health of Midwestern borrowers. It tends to be viewed as an income and quality holding, not a high-growth one.
What's driving Commerce Bancshares, Inc. (CBSH)?
1. FineMark acquisition and wealth expansion
The completed FineMark deal added roughly $3.9 billion in assets and $8.7 billion in assets under administration, pushing Commerce into higher-fee wealth management and new Sun Belt markets in Florida, Arizona and South Carolina. Fee-based wealth and trust income can diversify revenue away from spread income. Integration execution and retention of FineMark clients and advisers will shape how much of that promise is realized.
2. Net interest income and margin
Net interest income (about $299.8 million in the first quarter of 2026) is the largest revenue driver, and a net interest margin near 3.7% reflects favorable deposit pricing and asset repositioning. The direction of interest rates and competition for deposits will move this line in either direction. A large, low-cost deposit base is a structural advantage for a bank of this profile.
3. Fee income and payments
Non-interest income (around $175.9 million in the first quarter of 2026) comes from payment solutions, card processing, trust and brokerage fees. These fee streams are less sensitive to rate swings and support the efficiency of the franchise. Growth here depends on transaction volumes, card usage and continued wealth inflows.
4. Capital returns and buybacks
With strong capital ratios and a payout ratio around the mid-20s percent of earnings, Commerce funds a 57-year streak of dividend increases plus share repurchases. That capital discipline is central to the long-term total-return case. Buyback pace and future dividend raises hinge on earnings stability and regulatory capital requirements.
What are the risks to Commerce Bancshares, Inc. (CBSH)?
As a regional bank, CBSH is exposed to interest-rate risk: falling rates can compress the net interest margin while rising rates can lift deposit costs and pressure loan demand. Credit risk is concentrated in Midwestern consumers and businesses plus, now, newer Sun Belt and commercial real estate exposures from FineMark, so a regional downturn or CRE stress could raise charge-offs. Deposit competition and the possibility of deposit flight during banking-sector stress remain structural concerns for all regional banks. Integration risk from the FineMark acquisition, including client and adviser retention, could weigh on the wealth thesis. Finally, as a slower-growth, higher-quality bank, its valuation can lag in risk-on markets that favor faster growers.
How is Commerce Bancshares, Inc. (CBSH) valued? (approximate, APRIL 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Commerce Bancshares, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$1.85 billion
- Net income (Q1 2026): ~$141.6 million
- EPS (Q1 2026): ~$0.96
- Total assets: ~$32.9 billion (end 2025), ~$37 billion post-FineMark
- Market cap: ~$8.5 billion
- P/E ratio: ~14.5
- Dividend yield: ~2.0%
Commerce Bancshares reported first-quarter 2026 revenue of about $475.7 million, up roughly 11% year over year, with net income near $141.6 million and EPS of about $0.96, the first full quarter reflecting FineMark. Trailing EPS was around $4.07, putting the P/E near 14.5, a valuation broadly in line with quality regional-bank peers. The dividend yield of roughly 2.0% sits on a payout ratio in the mid-20s percent of earnings, which the company has extended for 57 straight years.
Who competes with Commerce Bancshares, Inc. (CBSH)?
Super-regional and regional banks
Peers such as U.S. Bancorp, Regions Financial, Huntington Bancshares, KeyCorp and Fifth Third compete for commercial, consumer and wealth relationships in overlapping Midwestern and national markets. They compete on branch density, deposit pricing, lending capacity and treasury/payment services.
Community and local Midwest banks
Smaller Missouri, Kansas and Illinois community banks and credit unions compete for local deposits and small-business lending in Commerce's core footprint, often on relationship and pricing. Commerce's scale, technology and payments platform are its counterweight.
Wealth management and payments providers
In wealth and trust, Commerce competes with independent RIAs, brokerage firms and large wealth managers, while its payment-solutions business competes with card processors and fintech payment platforms. The FineMark deal deepens this wealth-focused competition.
How to invest in Commerce Bancshares, Inc. (CBSH)
There are three common ways to get CBSH exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so CBSH sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where CBSH fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Commerce Bancshares, Inc. (CBSH)
CBSH is a steady, well-capitalized regional bank whose appeal is consistency and a long dividend-growth record, not rapid expansion.
More on Commerce Bancshares, Inc. (CBSH)
Whether CBSH is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CBSH a buy?, and where the stock could go from here in the CBSH stock forecast.
For income investors, whether CBSH pays a dividend and how the payout looks is covered in does CBSH pay a dividend?
Build a basket around CBSH with Walnut
Use Commerce Bancshares, Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
Is CBSH a dividend stock?
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Yes. Commerce Bancshares has raised its dividend for 57 consecutive years, making it a Dividend King. As of April 2026 the yield was around 2.0% with a payout ratio in the mid-20s percent of earnings, which leaves room for continued raises and buybacks.
How did CBSH perform in its most recent quarter?
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For the first quarter of 2026, Commerce reported revenue of about $475.7 million (up roughly 11% year over year), net income near $141.6 million and EPS of about $0.96, beating consensus. It was the first full quarter to include the FineMark acquisition.
What was the FineMark acquisition?
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Commerce acquired Florida-based FineMark Holdings in an all-stock deal valued around $585 million, closing January 1, 2026. It added roughly $2.7 billion in loans, $3.1 billion in deposits and $8.7 billion in assets under administration, plus branches in Florida, Arizona and South Carolina.
How is CBSH valued?
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As of April 2026, CBSH traded around a P/E of 14.5 on trailing EPS near $4.07, with a market cap of roughly $8.5 billion. That is broadly in line with quality regional-bank peers, reflecting its conservative, steady-earnings profile rather than a growth premium.
Who are CBSH's main competitors?
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It competes with super-regional and regional banks like U.S. Bancorp, Regions, Huntington, KeyCorp and Fifth Third, with community banks and credit unions in its Midwest footprint, and with RIAs, brokerages and payment processors in wealth and payments.
What are the main risks with CBSH?
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Key risks include interest-rate and margin pressure, credit losses in a regional or commercial real estate downturn, deposit competition and flight during banking-sector stress, and integration risk from the FineMark acquisition. As a slower-growth bank, it can also lag in risk-on markets.
Is CBSH a growth or income stock?
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It is generally viewed as an income and quality holding rather than a growth stock. Its appeal is a long dividend-growth streak, strong capital and below-peer credit losses, while its earnings growth tends to be steady and cyclical rather than rapid. Walnut is not an investment adviser.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Commerce Bancshares, Inc.'s investor relations page or your broker before making investment decisions.