Commerce Bancshares (CBSH)

CBI-Kansas, Inc. • Commerce Brokerage Services, Inc. • Clayton Holdings, LLC • Clayton Financial Corp. • Clayton Realty Corp. • Illinois Financial, LLC • Illinois Realty, LLC • Commerce Investment Advisors, Inc. • CBI Equipment Finance, Inc. • CB Acquisition, LLC ...

IRS number

430889454

CBSH stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$67.67

Low target

$63.00

High target

$70.00

Latest filings (excl ownership)

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10 Nov 25

Departure of Directors or Certain Officers

4 Nov 25

8-K

Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.06

16 Oct 25

EFFECT

Notice of effectiveness

11 Sep 25

424B3

Prospectus supplement

10 Sep 25

S-4/A

Registration of securities issued in business combination transactions (amended)

8 Sep 25

8-K

Departure of Directors or Certain Officers

3 Sep 25

S-4

Registration of securities issued in business combination transactions

6 Aug 25

Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.14

16 Jul 25

Latest ownership filings

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ALAINA G MACIA

10 Nov 25

SCHEDULE 13G

Commerce Bancshares Inc /Mo/

BENJAMIN F RASSIEUR III

Financial summary

Financial statements Chart CBSH financial data

Quarter (USD)	Sep 25	Jun 25	Mar 25	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.95 bn	2.95 bn	2.95 bn	2.95 bn	2.95 bn	2.95 bn
Cash burn (monthly)	64.04 mm	16.32 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	89.47 mm	22.81 mm	n/a	n/a	n/a	n/a
Cash remaining	2.86 bn	2.93 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	44.7	179.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

CBSH institutional ownership history Ownership history

71.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	462	439	+5.2%
Opened positions	77	76	+1.3%
Closed positions	54	30	+80.0%
Increased positions	288	138	+108.7%
Reduced positions	84	141	-40.4%

13F shares	Current	Prev Q	Change
Total value	5.77 tn	5.12 tn	+12.7%
Total shares	94.73 mm	88.57 mm	+7.0%
Total puts	105.00	3.80 k	-97.2%
Total calls	50.24 k	49.00 k	+2.5%
Total put/call ratio	0.0	0.1	-97.3%

Largest owners	Shares	Value	Change
Vanguard	13.23 mm	$824.08 bn	+5.1%
BlackRock	11.85 mm	$738.40 bn	+9.0%
Aristotle Capital Management	8.57 mm	$533.78 bn	+4.3%
STT State Street	7.08 mm	$440.91 bn	+16.8%
Commerce Bank	4.64 mm	$289.42 bn	-33.3%
American Century Companies	3.68 mm	$228.99 bn	+25.5%
MS Morgan Stanley	3.28 mm	$204.25 bn	+5.0%
Geode Capital Management	2.48 mm	$155.76 bn	+3.7%
Dimensional Fund Advisors	2.27 mm	$141.58 bn	+11.1%
WFC Wells Fargo & Company	2.18 mm	$135.53 bn	+1.8%

Largest transactions	Shares	Bought/sold	Change
Commerce Bank	4.64 mm	-2.32 mm	-33.3%
Norges Bank	1.39 mm	+1.39 mm	NEW
UBS UBS	1.47 mm	+1.24 mm	+545.5%
STT State Street	7.08 mm	+1.02 mm	+16.8%
BlackRock	11.85 mm	+974.57 k	+9.0%
American Century Companies	3.68 mm	+745.66 k	+25.5%
Vanguard	13.23 mm	+642.40 k	+5.1%
Millennium Management	29.86 k	-448.64 k	-93.8%
GS The Goldman Sachs Group, Inc.	884.12 k	+436.15 k	+97.4%
Aristotle Capital Management	8.57 mm	+351.41 k	+4.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CBSH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Sep 25	Barth Kevin G	Common Stock	Grant	Acquire A	Yes	No	59.4832	106	6.31 k	22,746
23 Sep 25	David W Kemper	Common Stock	Grant	Acquire A	Yes	No	59.4832	114	6.78 k	24,790
8 Sep 25	Holmes Robert S	Common Stock	Gift	Dispose G	No	No	0	470	0.00	56,804
29 Aug 25	June Mcallister Fowler	Common Stock	Grant	Acquire A	No	No	61.94	545	33.76 k	4,255