Commerce Bancshares
Provides commercial, retail, payments, and wealth services through Commerce Bank.
Something off on this page? Send us feedback.
Profile
Provides commercial and retail banking, payments, and wealth-management services through Commerce Bank, with commercial payments offered nationwide. The business is organized into Commercial, Retail Banking, and Wealth, while its FineMark division expands private banking and wealth management beyond its core Midwest footprint.
Provides commercial lending, payment solutions, leasing, cash management, and international services through its Commercial segment. Retail Banking combines consumer deposits, lending, mortgage banking, and debit and credit cards through a branch network.
Its Wealth segment offers trust, estate planning, brokerage, advisory, discretionary investment management, and private banking. Operations are centered in Missouri, Kansas, Illinois, Colorado, and Oklahoma, while commercial payments are offered nationwide.
FineMark Bank & Trust operates as a Commerce Bank division, expanding private-banking and wealth-management locations in Florida, Arizona, and South Carolina. The business operates through Commercial, Retail Banking, and Wealth.
Company facts
Key statistics
Year to date +11.1% · Average volume (30d) 965.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Equal Weight | $57 | $63 |
| Jul 17, 2026 | Stephens | Target | $64 | ||
| Jul 17, 2026 | Piper Sandler | Reiterate | Neutral | $58.50 | $66 |
| Jul 6, 2026 | Wells Fargo | Reiterate | Equal Weight | $60 | $57 |
| Jun 29, 2026 | Morgan Stanley | Reiterate | Positive | $70 | $65 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 16, 2026Q2 FY26 | $1.04 | $1.10 | +5.8% | $492.2M | $498.9M | +1.4% | −0.44% |
| Apr 21, 2026Q1 FY26 | $0.94 | $0.96 | +2.1% | $478.0M | $475.7M | −0.5% | +0.02% |
| Jan 22, 2026Q4 FY25 | $0.99 | $1.01 | +2.0% | $442.5M | $449.4M | +1.6% | −2.24% |
| Oct 16, 2025Q3 FY25 | $1.04 | $1.06 | +1.9% | $447.5M | $448.9M | +0.3% | +2.44% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $515.7M | $537.2M | $543.5M | $542.8M | $584.0M | $498.9M | |
| Gross profit | $406.0M | $440.2M | $428.8M | $436.3M | $476.4M | $398.9M | |
| Operating income | $167.6M | $196.2M | $184.8M | $183.3M | $185.3M | $205.9M | |
| Net income | $131.6M | $152.5M | $141.5M | $140.7M | $141.6M | $159.8M | |
| Diluted EPS | $0.98 | $1.14 | $1.01 | $1.02 | $0.97 | $1.11 | |
| Gross margin | 78.7% | 81.9% | 78.9% | 80.4% | 81.6% | 80.0% | |
| Operating margin | 32.5% | 36.5% | 34.0% | 33.8% | 31.7% | 41.3% |
Fiscal years (4-quarter sums)FY21 $1.44B · FY22 $1.57B · FY23 $1.97B · FY24 $2.09B · FY25 $2.14B
Balance sheet, Jun 30, 2026Cash & short-term investments $8.97B · Total debt $2.45B · Total assets $35.27B · Shareholders' equity $4.36B
Dividends
Raised for 14 straight years — most recently to $0.275 from $0.2619 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 5 | Jun 23 | $0.275 | |
| Mar 6, 2026 | Mar 6 | Mar 24 | $0.275 | |
| Dec 2, 2025 | Dec 2 | Dec 15 | $0.275 | raised from $0.2619 |
| Sep 5, 2025 | Sep 5 | Sep 23 | $0.2619 | cut from $0.275 |
| Jun 6, 2025 | Jun 6 | Jun 24 | $0.275 | |
| Mar 7, 2025 | Mar 7 | Mar 25 | $0.275 | raised from $0.2449 |
| Dec 3, 2024 | Dec 3 | Dec 17 | $0.2449 | |
| Sep 5, 2024 | Sep 5 | Sep 23 | $0.27 |
Ownership
Shares outstanding 145.78M · Float 130.95M · 89.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13.09M | 8.98% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 9.02M | 6.19% | 13F | Aug 13, 2026 |
| State Street Corp | 7.35M | 5.04% | 13F | Aug 7, 2026 |
| AQR Capital Management LLC | 6.54M | 4.49% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 6.21M | 4.26% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | David L. Orf | officer: Exec. Vice President & CCO | −642 | $60.35 |
| Aug 4, 2026 | David L. Roller | officer: Senior Vice President | −830 | $60.28 |
| Jul 30, 2026 | Robert S. Holmes | officer: Executive Vice President | −5,000 | $60.20 |
| Jul 29, 2026 | John W. Kemper | director, officer: President and CEO | −5,830 | $60.58 |
| Jul 27, 2026 | Charles G. Kim | officer: Exec. Vice President and CFO | −19,771 | $59.18 |
Peers
- UMB Financial
Kansas City peer across commercial banking, payments, and wealth
- BOK Financial
Full-service bank across shared Oklahoma and Colorado markets
- Old National Bancorp
Midwest commercial, consumer, wealth, and treasury-services peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Commerce Bancshares | $58.04 | +0.02% | $8.46B | 14.1 | 13.1 | 3.9 | +11.9% |
| UMB Financial | $144.59 | +0.07% | $10.98B | 12.0 | 11.0 | 2.4 | +22.9% |
| BOK Financial | $135.14 | −1.69% | $8.35B | 12.9 | 13.3 | 2.5 | +4.8% |
| Old National Bancorp | $25.85 | +0.02% | $9.89B | 11.4 | 9.5 | 2.5 | +12.3% |
| Median | 12.0 | 11.0 | 2.5 | +12.3% |