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Commerce Bancshares, Inc. (CBSH)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
US2005251036
CUSIP
200525103
IPO Date
Sep 7, 1984

Highlights

Market Cap
$6.77B
Enterprise Value
$11.96B
EPS (TTM)
$4.23
PE Ratio
11.64
PEG Ratio
4.68
Total Revenue (TTM)
$2.05B
Gross Profit (TTM)
$1.27B
EBITDA (TTM)
$773.59M
Year Range
$46.99 - $63.19
Target Price
$66.00
ROA (TTM)
1.72%
ROE (TTM)
14.97%

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Commerce Bancshares, Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Commerce Bancshares, Inc. (CBSH) has returned -5.49% so far this year and -15.37% over the past 12 months. Over the last ten years, CBSH has returned 7.88% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Commerce Bancshares, Inc.

1D
2.03%
1M
-2.99%
YTD
-5.49%
6M
-12.65%
1Y
-15.37%
3Y*
1.13%
5Y*
-2.31%
10Y*
7.88%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 7, 1984, CBSH's average daily return is +0.06%, while the average monthly return is +1.10%. At this rate, your investment would double in approximately 5.3 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2020 with a return of +21.5%, while the worst month was Oct 1987 at -20.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, CBSH closed higher 47% of trading days. The best single day was Oct 1, 2008 with a return of +16.3%, while the worst single day was Apr 14, 2009 at -15.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.57%-3.13%-2.99%-5.49%
20257.21%-2.62%-3.91%-2.39%3.74%-0.90%-1.56%1.21%-3.09%-11.93%2.43%2.46%-10.16%
2024-2.42%-0.15%2.74%2.78%1.76%0.75%16.01%-1.16%-6.73%5.22%18.00%-10.96%24.71%
2023-2.22%-0.62%-11.43%-4.28%-14.15%2.13%9.20%-7.69%-1.73%-8.59%15.30%11.49%-15.91%
20220.25%4.16%0.12%-4.50%1.18%-4.73%5.85%-1.04%-3.42%7.07%5.76%-4.26%5.56%
20211.75%10.74%3.84%1.57%0.09%-3.94%-5.14%-0.01%-1.10%1.19%-1.01%3.80%11.44%

Benchmark Metrics

Commerce Bancshares, Inc. has an annualized alpha of 6.94%, beta of 0.70, and R² of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 10, 1984.

  • This stock participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (70.96%) than losses (51.74%) — typical of diversified or defensive assets.
  • R² of 0.28 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
6.94%
Beta
0.70
0.28
Upside Capture
70.96%
Downside Capture
51.74%

Return for Risk

Risk / Return Rank

CBSH ranks 16 for risk / return — in the bottom 16% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


CBSH Risk / Return Rank: 1616
Overall Rank
CBSH Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
CBSH Sortino Ratio Rank: 1515
Sortino Ratio Rank
CBSH Omega Ratio Rank: 1414
Omega Ratio Rank
CBSH Calmar Ratio Rank: 2020
Calmar Ratio Rank
CBSH Martin Ratio Rank: 1919
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Commerce Bancshares, Inc. (CBSH) and compare them to a chosen benchmark (S&P 500 Index).


CBSHBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

-0.64

0.90

-1.53

Sortino ratio

Return per unit of downside risk

-0.73

1.39

-2.11

Omega ratio

Gain probability vs. loss probability

0.90

1.21

-0.31

Calmar ratio

Return relative to maximum drawdown

-0.62

1.40

-2.02

Martin ratio

Return relative to average drawdown

-1.15

6.61

-7.75

Explore CBSH risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Commerce Bancshares, Inc. provided a 2.18% dividend yield over the last twelve months, with an annual payout of $1.07 per share. The company has been increasing its dividends for 4 consecutive years.


1.50%2.00%2.50%3.00%$0.00$0.20$0.40$0.60$0.80$1.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$1.07$1.06$0.99$0.94$0.88$0.83$1.03$0.75$0.64$0.59$1.09$0.53

Dividend yield

2.18%2.03%1.67%1.95%1.50%1.47%2.00%1.48%1.61%1.55%2.93%2.04%

Monthly Dividends

The table displays the monthly dividend distributions for Commerce Bancshares, Inc.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.28$0.28
2025$0.00$0.00$0.26$0.00$0.00$0.26$0.00$0.00$0.26$0.00$0.00$0.28$1.06
2024$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.00$0.24$0.00$0.00$0.26$0.99
2023$0.00$0.00$0.23$0.00$0.00$0.23$0.00$0.00$0.23$0.00$0.00$0.24$0.94
2022$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.23$0.88
2021$0.00$0.00$0.21$0.00$0.00$0.21$0.00$0.00$0.21$0.00$0.00$0.22$0.83

Dividend Yield & Payout


Dividend Yield

Commerce Bancshares, Inc. has a dividend yield of 2.18%, which is quite average when compared to the overall market.

Payout Ratio

Commerce Bancshares, Inc. has a payout ratio of 26.19%, which is quite average when compared to the overall market. This suggests that Commerce Bancshares, Inc. strikes a balance between reinvesting profits for growth and paying dividends to shareholders.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Commerce Bancshares, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Commerce Bancshares, Inc. was 44.70%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.

The current Commerce Bancshares, Inc. drawdown is 25.02%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-44.7%Oct 2, 2008108Mar 9, 2009888Sep 13, 2012996
-39.81%Jul 31, 1998409Mar 14, 2000201Dec 28, 2000610
-38.23%May 7, 2021627Nov 1, 2023255Nov 6, 2024882
-36.06%Apr 23, 1986412Dec 7, 1987269Dec 29, 1988681
-34.87%Feb 12, 202028Mar 23, 2020166Nov 16, 2020194

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Commerce Bancshares, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Commerce Bancshares, Inc. is priced in the market compared to other companies in the Banks - Regional industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for CBSH, comparing it with other companies in the Banks - Regional industry. Currently, CBSH has a P/E ratio of 11.6. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for CBSH compared to other companies in the Banks - Regional industry. CBSH currently has a PEG ratio of 4.7. This PEG ratio is higher than the industry average, which may suggest the stock is overvalued relative to its expected earnings growth.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for CBSH relative to other companies in the Banks - Regional industry. Currently, CBSH has a P/S ratio of 3.2. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for CBSH in comparison with other companies in the Banks - Regional industry. Currently, CBSH has a P/B value of 1.8. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items