Commerce Bancshares Inc. Common Stock (CBSH)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for banks that earn consistently on equity without taking wild risks, and Commerce Bancshares has a decent record. Its competitive moat is modest: regional deposit relationships and a diversified retail, commercial, and wealth mix, but not a wide, impregnable franchise. In fiscal 2023 the company earned $477.1 million, or $3.30 per diluted share; in fiscal 2024 it earned $526.3 million, or $3.69; and in fiscal 2025 it earned $566.3 million, or $4.04. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed net income of $159.8 million and diluted EPS of $1.10, ahead of fiscal Q1 2026's $141.6 million and $0.96. That is steady progress, though not explosive. FairStock's calculated ROE is 14.69%, a respectable return for a regional bank, and the calculated P/B of 1.80 at the 2026-10-13 close of $54.29 is not demanding but not a giveaway. FairStock's calculated P/E is 13.31 and PEG is 2.78, which suggests growth is not cheap relative to earnings. The 2.03% dividend yield and beta of 0.59 indicate a lower-volatility, income-oriented profile. The computed Lynch category is STALWART, with profit growth of 9.8% a year over five years. However, the filings do not give me CET1, net interest margin, or credit-quality details here. A bank's true risk is in its loan book and capital, and those are absent. So I see a solid, conservatively valued operator with modest growth, but I cannot underwrite the balance sheet fully from the data provided.

In plain English: Commerce Bancshares is a bank holding company that provides retail, commercial, mortgage, trust and wealth services, mostly in the United States. It has made steady profits, with net income rising from $477.1 million in fiscal 2023 to $566.3 million in fiscal 2025, and the latest quarter also improved from the prior quarter. At $54.29, the stock looks fairly priced rather than cheap, trading at about 13 times its yearly profit and a bit under two times its net assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer