Commerce Bancshares Inc (CBSH) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Commerce Bancshares reported revenue of $1.76B, up 6.5% from $1.66B the year before. Net income was $566.3M (a 32.1% net margin), or $4.04 per diluted share. Net interest income was $1.11B, and the efficiency ratio (noninterest expense / revenue) was 55.5%. Operating activities generated $645.1M of cash, leaving $592.4M of free cash flow. At fiscal year end, Commerce Bancshares held $32.92B in total assets against $29.10B in total liabilities.
Open the full interactive Commerce Bancshares financials → Quarterly statements, key ratios, valuation history and price charts.
Commerce Bancshares Key Stats
| Share Price | $54.29 |
|---|---|
| P/E Ratio | 13.4 |
| Revenue YoY Growth | +6.5% |
| 52-Week Range | $47.02 – $60.05 |
Commerce Bancshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $829.8M | $835.4M | $942.2M | $998.1M | $1.04B | $1.11B |
| Provision for Credit Losses | $137.2M | -$66.3M | $28.1M | $35.5M | $32.9M | $56.1M |
| Noninterest Income | $505.9M | $560.4M | $546.5M | $573.0M | $615.6M | $652.3M |
| Noninterest Expense | $768.4M | $805.9M | $848.8M | $931.0M | $951.2M | $979.8M |
| Revenue | $1.34B | $1.40B | $1.49B | $1.57B | $1.66B | $1.76B |
| Pre-Tax Income | $441.2M | $686.3M | $632.4M | $619.7M | $679.5M | $731.8M |
| Income Tax | $87.3M | $145.7M | $132.4M | $134.5M | $145.1M | $161.1M |
| Net Income | $354.1M | $530.8M | $488.4M | $477.1M | $526.3M | $566.3M |
| Diluted EPS | $2.51 | $3.91 | $3.49 | $3.30 | $3.69 | $4.04 |
Commerce Bancshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $441.0M | $449.4M | $475.7M | $498.9M |
| Net Income | $141.5M | $140.7M | $141.6M | $159.8M |
| Diluted EPS | $1.01 | — | $0.96 | $1.10 |
Commerce Bancshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $16.11B | $15.03B | $16.15B | $17.04B | $17.06B | $17.59B |
| Total Assets | $32.92B | $36.69B | $31.88B | $31.70B | $32.00B | $32.92B |
| Deposits | $26.95B | $29.81B | $26.19B | $25.36B | $25.29B | $25.64B |
| Total Long-Term Debt | $802,000 | $12.6M | $9.7M | $1.4M | $56,000 | $12.8M |
| Total Liabilities | $29.52B | $33.24B | $29.39B | $28.74B | $28.66B | $29.10B |
| Shareholders' Equity | $3.40B | $3.44B | $2.47B | $2.94B | $3.31B | $3.79B |
Commerce Bancshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $624.0M | $597.7M | $559.4M | $488.8M | $577.9M | $645.1M |
| Cash From Investing | -$5.39B | -$2.08B | $242.3M | $2.18B | $483.8M | -$462.4M |
| Cash From Financing | $6.07B | $3.57B | -$4.20B | -$883.1M | -$372.9M | -$11.0M |
| Free Cash Flow | $590.9M | $541.0M | $494.2M | $400.7M | $531.7M | $592.4M |
| Dividends Paid | — | — | — | — | $145.1M | $150.2M |
Figures from Commerce Bancshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Commerce Bancshares financials page for every line item.
Commerce Bancshares Company Profile
| Ticker | CBSH |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | Kansas City, Missouri |
| Incorporated in | Missouri |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000022356 |
Frequently Asked Questions
What was Commerce Bancshares' revenue in fiscal 2025?
Commerce Bancshares (CBSH) reported revenue of $1.76B for fiscal 2025.
What is Commerce Bancshares' annual revenue history?
Commerce Bancshares' annual revenue by fiscal year: 2020: $1.34B; 2021: $1.40B; 2022: $1.49B; 2023: $1.57B; 2024: $1.66B; 2025: $1.76B.
What was Commerce Bancshares' net income in fiscal 2025?
Commerce Bancshares reported net income of $566.3M for fiscal 2025.
What was Commerce Bancshares' earnings per share (EPS) in fiscal 2025?
Commerce Bancshares' diluted EPS was $4.04 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Commerce Bancshares generate in fiscal 2025?
Commerce Bancshares generated $592.4M of free cash flow in fiscal 2025.
What was Commerce Bancshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), Commerce Bancshares reported revenue of $498.9M.
How much debt does Commerce Bancshares have?
Commerce Bancshares reported $12.8M of long-term debt, including the current portion, at the end of fiscal 2025.
When does Commerce Bancshares' fiscal year end?
Commerce Bancshares' fiscal year end, as registered with the SEC, is December 31.
Where is Commerce Bancshares headquartered?
Commerce Bancshares lists its business address in Kansas City, Missouri in its SEC filings.