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

$73.33

Low target

$70.00

High target

$78.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

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25 Feb 25

Departure of Directors or Certain Officers

31 Jan 25

8-K

Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $1.01

6 Nov 24

Amendments to Articles of Incorporation or Bylaws

30 Oct 24

8-K

Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $1.07

6 Aug 24

Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.07

8 May 24

Submission of Matters to a Vote of Security Holders

18 Apr 24

Latest ownership filings

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13F-NT

Notice of holdings reported by another manager

Notice of proposed sale of securities

Financial summary

Financial statements Chart CBSH financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 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)	3.38 bn	3.38 bn	3.38 bn	3.38 bn	3.38 bn	3.38 bn
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	45.55 mm	(no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	92.10 mm	n/a
Cash remaining	n/a	n/a	n/a	n/a	3.28 bn	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	72.1	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

70.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	455	436	+4.4%
Opened positions	75	75	–
Closed positions	56	30	+86.7%
Increased positions	283	138	+105.1%
Reduced positions	84	141	-40.4%

13F shares	Current	Prev Q	Change
Total value	5.77 tn	5.12 tn	+12.7%
Total shares	94.72 mm	88.57 mm	+6.9%
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
7 Feb 25	Charles G Kim	Common Stock	Sell	Dispose S	No	No	67.757	13,493	914.25 k	86,246
5 Feb 25	David L Orf	Common Stock	Sell	Dispose S	No	No	68.237	1,036	70.69 k	22,175
5 Feb 25	David L. Roller	Common Stock	Sell	Dispose S	No	No	67.81	3,348	227.03 k	31,055
4 Feb 25	Derrick Brooks	Common Stock	Sell	Dispose S	No	No	66.858	175	11.70 k	13,779
3 Feb 25	Barth Kevin G	Common Stock	Payment of exercise	Dispose F	No	No	65.87	2,136	140.70 k	50,099
3 Feb 25	Derrick Brooks	Common Stock	Sell	Dispose S	No	No	65.48	28	1.83 k	13,954
3 Feb 25	Derrick Brooks	Common Stock	Sale back to company	Dispose D	No	No	65.46	261	17.09 k	13,982
3 Feb 25	Derrick Brooks	Common Stock	Payment of exercise	Dispose F	No	No	65.46	15	981.90	14,243
3 Feb 25	Derrick Brooks	Common Stock	Option exercise	Acquire M	No	No	56.1166	304	17.06 k	14,258
3 Feb 25	Derrick Brooks	Common Stock	Payment of exercise	Dispose F	No	No	65.87	93	6.13 k	13,954