Free Trial
→ Now I look stupid. Real stupid... (From Porter & Company) (Ad) Buy CBSH Stock  Free CBSH Stock Alerts

Commerce Bancshares (CBSH) Financials

Commerce Bancshares logo
$59.90 -0.12 (-0.20%)
Closing price 04:00 PM Eastern
Extended Trading
$59.88 -0.02 (-0.03%)
As of 05:38 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for Commerce Bancshares

Annual Income Statements for Commerce Bancshares

This table shows Commerce Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 264 275 319 425 412 342 531 488 477 526
Consolidated Net Income / (Loss)		 267 277 320 438 423 354 541 500 485 534
Net Income / (Loss) Continuing Operations		 267 277 320 438 423 354 541 500 485 534
Total Pre-Tax Income 		384 401 430 544 532 441 686 632 620 679
Total Revenue		 1,089 1,127 1,220 1,325 1,346 1,336 1,426 1,509 1,586 1,664
Net Interest Income / (Expense)		 634 680 734 824 821 830 835 942 998 1,040
Total Interest Income		 662 713 777 889 925 873 848 999 1,381 1,470
Loans and Leases Interest Income		 457 491 545 626 665 613 571 647 985 1,063
Investment Securities Interest Income		 205 221 230 256 253 257 274 337 292 285
Deposits and Money Market Investments Interest Income		 0.53 0.97 2.22 6.23 6.70 2.27 3.20 15 103 121
Federal Funds Sold and Securities Borrowed Interest Income		 0.06 0.08 0.23 0.52 0.06 0.00 0.00 0.41 0.66 0.05
Total Interest Expense		 28 33 44 65 103 43 13 57 383 429
Deposits Interest Expense		 23 26 31 46 73 36 11 30 246 336
Long-Term Debt Interest Expense		 3.57 3.97 3.09 0.05 0.95 1.01 -0.02 0.47 39 0.02
Federal Funds Purchased and Securities Sold Interest Expense		 1.86 3.32 9.83 20 29 6.09 1.65 26 98 93
Total Non-Interest Income		 454 447 486 501 525 506 590 567 588 623
Trust Fees by Commissions		 132 136 150 164 171 176 207 204 208 233
Other Service Charges		 316 311 311 338 353 330 354 343 365 383
Net Realized & Unrealized Capital Gains on Investments		 6.32 -0.05 25 -0.49 3.63 - 30 21 15 7.82
Provision for Credit Losses		 29 36 45 43 50 137 -66 28 35 33
Total Non-Interest Expense		 676 689 744 738 767 768 806 849 931 951
Salaries and Employee Benefits		 401 427 448 468 493 513 525 554 584 608
Net Occupancy & Equipment Expense		 148 145 145 150 159 161 168 179 192 201
Marketing Expense		 16 16 16 21 22 20 22 24 25 22
Property & Liability Insurance Claims		 12 13 14 - - - 9.09 11 33 16
Other Operating Expenses		 100 88 121 99 93 75 82 81 97 103
Income Tax Expense		 117 124 111 106 109 87 146 132 135 145
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.25 1.46 0.52 4.67 1.48 -0.17 9.83 12 8.12 8.07
Basic Earnings per Share		 $2.33 $2.38 $2.63 $3.44 $3.25 $2.64 $3.92 $3.50 $3.47 $3.88
Weighted Average Basic Shares Outstanding		 102.87M 105.24M 110.83M 110.81M 112.09M 117.08M 121.11M 124.80M 129.88M 133.88M
Diluted Earnings per Share		 $2.32 $2.37 $2.62 $3.43 $3.25 $2.64 $3.91 $3.50 $3.46 $3.87
Weighted Average Diluted Shares Outstanding		 102.87M 105.24M 110.83M 110.81M 112.09M 117.08M 121.11M 124.80M 129.88M 133.88M
Weighted Average Basic & Diluted Shares Outstanding		 102.87M 105.24M 110.83M 110.81M 112.09M 117.08M 121.11M 124.80M 129.88M 133.88M
Cash Dividends to Common per Share		 $0.78 $0.78 $1.55 $0.90 $0.99 $2.06 $1.00 - - $1.03

Quarterly Income Statements for Commerce Bancshares

This table shows Commerce Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 123 132 119 128 121 109 113 140 138 136
Consolidated Net Income / (Loss)		 126 134 121 130 123 111 115 141 140 137
Net Income / (Loss) Continuing Operations		 126 134 121 130 123 111 115 141 140 137
Total Pre-Tax Income 		160 168 153 166 156 144 147 180 179 174
Total Revenue		 388 400 389 401 396 401 398 418 425 423
Net Interest Income / (Expense)		 246 255 252 250 249 248 249 262 262 267
Total Interest Income		 263 286 309 349 361 363 359 369 372 369
Loans and Leases Interest Income		 171 201 224 241 256 263 265 268 270 261
Investment Securities Interest Income		 86 80 75 78 73 67 68 73 67 77
Deposits and Money Market Investments Interest Income		 5.57 5.95 9.34 29 32 33 26 29 35 31
Federal Funds Sold and Securities Borrowed Interest Income		 0.09 0.30 0.49 0.11 0.05 0.02 0.01 0.03 0.00 0.01
Total Interest Expense		 16 32 57 99 113 114 110 107 110 103
Deposits Interest Expense		 8.83 16 28 55 78 85 84 84 86 82
Long-Term Debt Interest Expense		 -0.43 1.02 5.95 21 9.12 2.40 -0.00 0.01 0.01 0.01
Federal Funds Purchased and Securities Sold Interest Expense		 7.89 14 23 23 25 27 26 23 24 21
Total Non-Interest Income		 142 146 137 151 147 152 149 155 163 156
Trust Fees by Commissions		 50 49 50 52 3.82 102 56 4.48 4.62 168
Other Service Charges		 88 88 87 96 139 43 93 148 154 -13
Net Realized & Unrealized Capital Gains on Investments		 3.41 8.90 -0.31 3.39 4.30 7.60 -0.26 3.23 3.87 0.98
Provision for Credit Losses		 15 15 11 6.47 12 5.88 4.79 5.47 9.14 14
Total Non-Interest Expense		 213 217 224 228 228 251 246 232 238 236
Salaries and Employee Benefits		 137 138 144 145 147 147 152 149 153 154
Net Occupancy & Equipment Expense		 46 45 46 47 49 50 50 49 51 51
Marketing Expense		 6.23 5.42 5.47 6.37 6.17 6.51 4.04 5.36 7.28 5.68
Property & Liability Insurance Claims		 - - 4.64 4.19 4.03 20 8.02 2.35 2.93 3.18
Other Operating Expenses		 24 17 24 25 22 27 32 26 23 22
Income Tax Expense		 34 34 33 36 33 32 32 39 38 37
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.36 2.03 1.10 2.67 2.10 2.24 2.79 1.89 2.26 1.14
Basic Earnings per Share		 $0.97 $0.69 $0.91 $0.97 $0.92 $0.67 $0.87 $1.07 $1.07 $0.87
Weighted Average Basic Shares Outstanding		 119.35M 124.80M 124.72M 124.70M 124.29M 129.88M 129.54M 128.92M 128.23M 133.88M
Diluted Earnings per Share		 $0.97 $0.69 $0.91 $0.97 $0.92 $0.66 $0.86 $1.07 $1.07 $0.87
Weighted Average Diluted Shares Outstanding		 119.35M 124.80M 124.72M 124.70M 124.29M 129.88M 129.54M 128.92M 128.23M 133.88M
Weighted Average Basic & Diluted Shares Outstanding		 119.35M 124.80M 124.72M 124.70M 124.29M 129.88M 129.54M 128.92M 128.23M 133.88M

Annual Cash Flow Statements for Commerce Bancshares

This table details how cash moves in and out of Commerce Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 -598 299 -277 685 -301 1,301 2,089 -3,399 1,789 689
Net Cash From Operating Activities		 291 455 427 553 513 624 598 559 489 578
Net Cash From Continuing Operating Activities		 291 455 427 553 513 624 598 559 489 578
Net Income / (Loss) Continuing Operations		 267 277 320 438 423 354 541 500 485 534
Consolidated Net Income / (Loss)		 267 277 320 438 423 354 541 500 485 534
Provision For Loan Losses		 29 36 45 43 50 137 -66 28 35 33
Depreciation Expense		 43 41 40 39 41 44 45 47 50 54
Amortization Expense		 33 31 35 26 28 60 67 19 18 -0.84
Non-Cash Adjustments to Reconcile Net Income		 2.80 1.08 24 17 17 109 41 -15 -59 8.77
Changes in Operating Assets and Liabilities, net		 -83 68 -38 -10 -46 -79 -29 -19 -40 -51
Net Cash From Investing Activities		 -1,195 -805 221 -91 -730 -5,391 -2,083 242 2,184 484
Net Cash From Continuing Investing Activities		 -1,195 -805 221 -91 -730 -5,391 -2,083 242 2,184 484
Purchase of Property, Leasehold Improvements and Equipment		 -32 -24 -31 -33 -43 -33 -57 -65 -88 -46
Purchase of Investment Securities		 -4,548 -3,248 -2,544 -2,391 -2,661 -8,635 -5,713 -3,494 -253 -3,233
Sale of Property, Leasehold Improvements and Equipment		 5.55 10 3.19 13 2.03 1.88 8.86 2.99 4.36 8.89
Sale and/or Maturity of Investments		 3,379 2,457 2,792 2,320 1,971 3,276 3,678 3,799 2,520 3,754
Net Cash From Financing Activities		 306 649 -925 223 -84 6,067 3,574 -4,201 -883 -373
Net Cash From Continuing Financing Activities		 306 649 -925 223 -84 6,067 3,574 -4,201 -883 -373
Net Change in Deposits		 421 1,026 -489 -48 435 6,153 2,889 -3,703 -731 -74
Issuance of Debt		 - - - 6.94 - -1.62 0.00 0.00 2,250 0.00
Repayment of Debt		 -0.24 -1.77 -100 - -6.39 - 12 -2.89 -2,258 -1.35
Repurchase of Common Equity		 -23 -39 -18 -75 -135 -54 -129 -187 -76 -170
Payment of Dividends		 -94 -96 -101 -109 -122 -128 -123 -127 -135 -145
Other Financing Activities, Net		 2.95 -240 -217 449 -256 248 925 -181 67 18
Cash Interest Paid		 28 32 44 63 98 52 16 54 337 453
Cash Income Taxes Paid		 95 120 121 84 76 90 120 117 131 126

Quarterly Cash Flow Statements for Commerce Bancshares

This table details how cash moves in and out of Commerce Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -63 -111 822 1,218 -730 479 -787 644 605 226
Net Cash From Operating Activities		 184 90 116 105 147 121 135 147 432 -137
Net Cash From Continuing Operating Activities		 184 90 116 105 147 121 135 147 432 -137
Net Income / (Loss) Continuing Operations		 126 134 121 130 123 111 115 141 140 137
Consolidated Net Income / (Loss)		 126 134 121 130 123 111 115 141 140 137
Provision For Loan Losses		 15 15 11 6.47 12 5.88 4.79 5.47 9.14 14
Depreciation Expense		 12 12 12 13 12 13 13 14 14 14
Amortization Expense		 2.62 10 7.65 1.83 3.86 4.32 3.91 -2.26 1.13 -3.62
Non-Cash Adjustments to Reconcile Net Income		 -18 1.31 -22 -0.21 -27 -9.65 6.29 0.15 1.59 0.75
Changes in Operating Assets and Liabilities, net		 46 -83 -13 -46 23 -3.84 -8.23 -11 266 -298
Net Cash From Investing Activities		 552 489 888 253 578 465 541 665 -237 -485
Net Cash From Continuing Investing Activities		 552 489 888 253 578 465 541 665 -237 -485
Purchase of Property, Leasehold Improvements and Equipment		 -18 -19 -20 -32 -21 -16 -11 -8.51 -13 -14
Purchase of Investment Securities		 -275 -606 -408 -455 -183 794 -358 -1,069 -1,018 -787
Sale of Property, Leasehold Improvements and Equipment		 0.21 1.37 0.01 1.21 2.54 0.61 2.67 0.61 5.58 0.03
Sale and/or Maturity of Investments		 845 1,113 1,316 739 779 -313 907 1,742 788 317
Net Cash From Financing Activities		 -799 -690 -182 861 -1,454 -108 -1,463 -168 411 847
Net Cash From Continuing Financing Activities		 -799 -690 -182 861 -1,454 -108 -1,463 -168 411 847
Net Change in Deposits		 -793 -1,170 -1,553 1,304 -766 284 -983 -143 858 195
Issuance of Debt		 -11 11 1,498 752 - - 0.96 -0.96 8.80 -8.80
Repayment of Debt		 6.54 -2.89 - - -502 -502 - - -2.58 -1.35
Repurchase of Common Equity		 -50 -23 -36 -0.32 -20 -20 -42 -38 -44 -47
Payment of Dividends		 -32 -32 -34 -34 -34 -34 -35 -35 -40 -35
Other Financing Activities, Net		 81 527 -57 93 -133 164 -403 46 -369 745
Cash Interest Paid		 15 30 47 77 103 109 110 109 110 124
Cash Income Taxes Paid		 30 24 3.86 61 32 34 1.03 65 20 40

Annual Balance Sheets for Commerce Bancshares

This table presents Commerce Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 24,605 25,641 24,833 25,464 26,066 32,923 36,689 31,876 31,701 31,997
Cash and Due from Banks		 464 495 438 508 492 438 306 452 443 748
Federal Funds Sold		 15 15 43 3.32 - - 2.80 50 5.03 3.00
Interest Bearing Deposits at Other Banks		 24 272 31 690 396 1,747 3,971 389 2,239 2,625
Trading Account Securities		 10,777 10,496 9,593 9,399 9,592 13,496 16,325 13,119 10,176 9,857
Loans and Leases, Net of Allowance		 12,285 13,257 13,824 13,980 14,577 16,109 15,026 16,153 17,043 17,057
Loans and Leases		 12,437 13,413 13,984 14,140 14,738 16,330 15,176 16,303 17,205 17,220
Allowance for Loan and Lease Losses		 152 156 160 160 161 221 150 150 162 163
Loans Held for Sale		 7.61 14 21 21 14 45 15,035 4.96 4.18 3.24
Premises and Equipment, Net		 353 338 335 333 371 371 389 419 469 475
Goodwill		 139 139 139 139 139 139 139 139 147 147
Intangible Assets		 6.67 6.71 7.62 8.79 9.53 11 16 15 14 14
Other Assets		 535 608 401 382 476 567 507 1,135 1,161 1,067
Total Liabilities & Shareholders' Equity		 24,605 25,641 24,833 25,464 26,066 32,923 36,689 31,876 31,701 31,997
Total Liabilities		 22,238 23,140 22,115 22,527 22,927 29,523 33,241 29,394 28,737 28,664
Non-Interest Bearing Deposits		 7,146 7,429 7,159 6,980 6,891 10,498 11,772 10,066 7,976 8,151
Interest Bearing Deposits		 12,832 13,672 13,266 13,343 13,630 16,449 18,041 16,121 17,388 17,143
Federal Funds Purchased and Securities Sold		 1,964 1,724 1,507 1,956 1,851 2,098 3,023 2,842 2,909 2,927
Short-Term Debt		 104 102 1.76 8.70 - 0.80 - - 1.40 0.06
Other Long-Term Liabilities		 191 213 181 238 554 477 392 356 463 444
Total Equity & Noncontrolling Interests		 2,367 2,501 2,718 2,937 3,138 3,400 3,448 2,482 2,964 3,332
Total Preferred & Common Equity		 2,362 2,496 2,717 2,931 3,135 3,397 3,437 2,465 2,944 3,310
Total Common Equity		 2,217 2,351 2,572 2,787 2,990 3,397 3,437 2,465 2,944 3,310
Common Stock		 1,828 2,062 2,351 2,644 2,715 3,026 3,301 3,562 3,818 4,072
Retained Earnings		 383 293 221 241 202 73 92 32 53 45
Treasury Stock		 -26 -15 -14 -34 -38 -33 -33 -42 -36 -48
Accumulated Other Comprehensive Income / (Loss)		 32 11 14 -65 110 331 77 -1,087 -891 -759
Noncontrolling Interest		 5.43 5.35 1.62 5.85 3.79 2.93 11 16 20 23

Quarterly Balance Sheets for Commerce Bancshares

This table presents Commerce Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 32,603 32,005 32,831 31,377 30,372 30,569 31,494
Cash and Due from Banks		 344 351 367 358 291 330 508
Federal Funds Sold		 14 27 2.75 2.74 0.00 0.00 0.01
Interest Bearing Deposits at Other Banks		 643 1,342 2,569 1,848 1,610 2,215 2,642
Trading Account Securities		 14,178 12,376 11,539 10,359 9,436 9,168 9,742
Loans and Leases, Net of Allowance		 15,756 16,376 16,798 16,967 17,138 17,005 16,929
Loans and Leases		 15,899 16,536 16,957 17,129 17,299 17,163 17,090
Allowance for Loan and Lease Losses		 143 159 159 162 160 159 161
Loans Held for Sale		 8.06 16,382 6.78 5.12 2.33 2.93 1.71
Premises and Equipment, Net		 408 428 452 461 467 467 470
Goodwill		 139 139 146 147 147 147 147
Intangible Assets		 16 15 15 14 14 14 14
Other Assets		 1,097 944 937 1,216 1,267 1,221 1,040
Total Liabilities & Shareholders' Equity		 32,603 32,005 32,831 31,377 30,372 30,569 31,494
Total Liabilities		 30,231 29,322 30,146 28,777 27,408 27,411 28,040
Non-Interest Bearing Deposits		 10,469 8,685 8,199 7,961 7,513 7,493 7,396
Interest Bearing Deposits		 17,003 15,998 17,671 17,129 16,927 16,787 17,842
Federal Funds Purchased and Securities Sold		 2,315 2,785 2,878 2,745 2,506 2,551 2,182
Long-Term Debt		 1.83 1,508 1,006 504 2.36 3.98 10
Other Long-Term Liabilities		 444 347 393 438 460 576 610
Total Equity & Noncontrolling Interests		 2,371 2,682 2,685 2,599 2,964 3,158 3,454
Total Preferred & Common Equity		 2,352 2,666 2,667 2,581 2,944 3,138 3,432
Total Common Equity		 2,352 2,666 2,667 2,581 2,944 3,138 3,432
Common Stock		 3,294 3,548 3,551 3,554 3,804 3,808 3,810
Retained Earnings		 353 117 211 298 131 235 339
Treasury Stock		 -177 -60 -58 -77 -60 -98 -139
Accumulated Other Comprehensive Income / (Loss)		 -1,119 -940 -1,036 -1,194 -931 -808 -577
Noncontrolling Interest		 20 17 18 18 20 21 21

Annual Metrics and Ratios for Commerce Bancshares

This table displays calculated financial ratios and metrics derived from Commerce Bancshares' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 1.68% 3.47% 8.29% 8.62% 1.57% -0.76% 6.75% 5.85% 5.10% 4.88%
EBITDA Growth		 2.01% 3.15% 6.79% 20.57% -2.07% -10.58% 49.52% -12.54% -1.60% 6.67%
EBIT Growth		 -0.23% 4.55% 7.33% 26.54% -3.03% -18.56% 59.55% -7.86% -2.00% 9.64%
NOPAT Growth		 1.59% 3.70% 15.55% 36.98% -3.54% -18.38% 56.68% -7.50% -2.97% 10.15%
Net Income Growth		 1.59% 3.70% 15.55% 36.98% -3.54% -16.28% 52.76% -7.50% -2.97% 10.15%
EPS Growth		 -2.11% 2.16% 10.55% 30.92% -5.25% -18.77% 48.11% -10.49% -1.14% 11.85%
Operating Cash Flow Growth		 -19.30% 56.24% -6.25% 29.57% -7.21% 21.68% -4.21% -6.41% -12.62% 18.23%
Free Cash Flow Firm Growth		 60.10% -38.08% 40.18% 4.51% 7.24% -62.60% 464.26% 205.87% -99.27% 1,452.11%
Invested Capital Growth		 1.35% 5.34% 4.49% 8.31% 6.62% 8.27% 1.77% -28.02% 19.04% 12.37%
Revenue Q/Q Growth		 1.37% -1.28% 5.91% 0.16% 0.63% -0.17% 2.93% 1.00% 0.03% 1.35%
EBITDA Q/Q Growth		 1.21% 0.97% 1.98% 3.84% -0.12% 6.41% 3.74% -3.51% -4.05% 3.22%
EBIT Q/Q Growth		 1.29% 1.66% 2.48% 4.35% -0.19% 3.91% 5.52% -3.17% -3.79% 4.63%
NOPAT Q/Q Growth		 0.26% 2.96% 7.61% 3.73% -0.82% 4.88% -3.02% 3.80% -4.37% 5.07%
Net Income Q/Q Growth		 0.26% 2.96% 7.61% 3.73% -0.82% 7.57% -3.02% 3.80% -4.37% 5.07%
EPS Q/Q Growth		 0.43% 2.16% 6.07% 0.59% -0.31% 10.00% -7.13% 4.48% -5.46% 0.78%
Operating Cash Flow Q/Q Growth		 -17.75% 25.97% -3.17% 2.55% 6.11% 2.66% -6.27% -3.78% 6.87% -30.84%
Free Cash Flow Firm Q/Q Growth		 26.26% 77.69% 33.22% -49.47% 278.07% -77.90% 30.12% -8.38% 104.85% 13.38%
Invested Capital Q/Q Growth		 -0.15% -2.22% -3.10% 4.86% -6.62% 2.83% -0.98% 4.99% -4.42% -3.79%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 42.16% 42.02% 41.44% 46.00% 44.35% 39.96% 55.97% 46.25% 43.31% 44.04%
EBIT Margin		 35.23% 35.60% 35.28% 41.10% 39.24% 32.20% 48.13% 41.90% 39.07% 40.84%
Profit (Net Income) Margin		 24.52% 24.58% 26.22% 33.07% 31.41% 26.49% 37.91% 33.13% 30.59% 32.12%
Tax Burden Percent		 69.60% 69.04% 74.33% 80.53% 79.49% 80.21% 78.77% 79.07% 78.29% 78.65%
Interest Burden Percent		 100.00% 100.00% 100.00% 99.91% 100.69% 102.56% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 30.40% 30.96% 25.67% 19.47% 20.51% 19.79% 21.23% 20.93% 21.71% 21.35%
Return on Invested Capital (ROIC)		 10.88% 10.91% 12.02% 15.47% 13.89% 10.55% 15.76% 16.80% 17.78% 16.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.88% 10.91% 12.02% 15.47% 13.89% 560.19% 15.76% 16.80% 17.78% 16.97%
Return on Net Nonoperating Assets (RNNOA)		 0.48% 0.46% 0.24% 0.03% 0.03% 0.28% 0.03% 0.06% 0.04% 0.00%
Return on Equity (ROE)		 11.36% 11.37% 12.26% 15.50% 13.92% 10.82% 15.79% 16.86% 17.82% 16.97%
Cash Return on Invested Capital (CROIC)		 9.53% 5.71% 7.63% 7.49% 7.48% 2.60% 14.00% 49.38% 0.40% 5.32%
Operating Return on Assets (OROA)		 1.58% 1.60% 1.71% 2.17% 2.05% 1.46% 1.97% 1.84% 1.95% 2.13%
Return on Assets (ROA)		 1.10% 1.10% 1.27% 1.74% 1.64% 1.20% 1.55% 1.46% 1.53% 1.68%
Return on Common Equity (ROCE)		 10.63% 10.67% 11.56% 14.68% 13.23% 10.57% 15.76% 16.79% 17.70% 16.86%
Return on Equity Simple (ROE_SIMPLE)		 11.30% 11.09% 11.78% 14.95% 13.49% 10.42% 15.73% 20.28% 16.48% 16.15%
Net Operating Profit after Tax (NOPAT)		 267 277 320 438 423 345 541 500 485 534
NOPAT Margin		 24.52% 24.58% 26.22% 33.07% 31.41% 25.83% 37.91% 33.13% 30.59% 32.12%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -549.64% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.86% 52.23% 49.99% 48.21% 50.07% 51.92% 50.16% 50.16% 50.47% 49.98%
Operating Expenses to Revenue		 62.13% 61.18% 61.01% 55.68% 57.01% 57.53% 56.52% 56.24% 58.69% 57.18%
Earnings before Interest and Taxes (EBIT)		 384 401 430 545 528 430 686 632 620 679
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 459 473 506 610 597 534 798 698 687 733
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.33 1.81 1.71 1.69 1.95 1.76 2.01 3.02 2.21 2.41
Price to Tangible Book Value (P/TBV)		 1.43 1.93 1.81 1.78 2.05 1.84 2.11 3.22 2.34 2.54
Price to Revenue (P/Rev)		 2.72 3.78 3.61 3.55 4.33 4.46 4.85 4.93 4.11 4.80
Price to Earnings (P/E)		 11.22 15.47 13.77 11.09 14.15 17.43 13.04 15.25 13.67 15.18
Dividend Yield		 2.82% 2.04% 2.08% 2.12% 1.91% 2.02% 1.76% 1.70% 2.06% 1.73%
Earnings Yield		 8.92% 6.47% 7.26% 9.02% 7.07% 5.74% 7.67% 6.56% 7.32% 6.59%
Enterprise Value to Invested Capital (EV/IC)		 1.10 1.43 1.48 1.24 1.62 1.11 0.77 2.64 1.30 1.39
Enterprise Value to Revenue (EV/Rev)		 2.49 3.31 3.31 2.77 3.79 2.83 1.87 4.36 2.43 2.79
Enterprise Value to EBITDA (EV/EBITDA)		 5.90 7.88 7.98 6.02 8.54 7.09 3.34 9.43 5.61 6.33
Enterprise Value to EBIT (EV/EBIT)		 7.06 9.30 9.38 6.73 9.65 8.79 3.88 10.41 6.22 6.82
Enterprise Value to NOPAT (EV/NOPAT)		 10.15 13.47 12.62 8.37 12.05 10.96 4.93 13.16 7.94 8.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.30 8.20 9.46 6.63 9.94 6.06 4.46 11.76 7.89 8.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.58 25.74 19.87 17.27 22.38 44.41 5.55 4.48 357.16 27.68
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.04 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.04 0.04 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage Ratio		 10.34 10.32 9.67 8.89 8.48 9.02 10.16 11.56 11.67 10.12
Compound Leverage Factor		 10.34 10.32 9.67 8.89 8.54 9.25 10.16 11.56 11.67 10.12
Debt to Total Capital		 4.20% 3.92% 0.06% 0.30% 0.08% 0.02% 0.36% 0.39% 0.05% 0.00%
Short-Term Debt to Total Capital		 4.20% 3.92% 0.06% 0.30% 0.00% 0.02% 0.00% 0.00% 0.05% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.08% 0.00% 0.36% 0.39% 0.00% 0.00%
Preferred Equity to Total Capital		 5.86% 5.56% 5.32% 4.91% 4.61% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.22% 0.21% 0.06% 0.20% 0.12% 0.09% 0.32% 0.65% 0.68% 0.68%
Common Equity to Total Capital		 89.72% 90.31% 94.55% 94.59% 95.19% 99.89% 99.32% 98.96% 99.27% 99.32%
Debt to EBITDA		 0.23 0.22 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.00
Net Debt to EBITDA		 -0.87 -1.44 -1.01 -1.96 -1.48 -4.09 -5.35 -1.26 -3.91 -4.61
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.01 0.00 0.00
Debt to NOPAT		 0.39 0.37 0.01 0.02 0.01 0.00 0.02 0.02 0.00 0.00
Net Debt to NOPAT		 -1.49 -2.46 -1.59 -2.72 -2.09 -6.33 -7.89 -1.76 -5.54 -6.32
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.02 0.00 0.00
Noncontrolling Interest Sharing Ratio		 6.36% 6.17% 5.68% 5.25% 4.92% 2.32% 0.20% 0.46% 0.67% 0.68%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 234 145 203 212 228 85 480 1,470 11 168
Operating Cash Flow to CapEx		 1,105.02% 3,166.94% 1,543.49% 2,781.80% 1,264.85% 1,996.39% 1,248.98% 899.25% 583.84% 1,551.63%
Free Cash Flow to Firm to Interest Expense		 8.33 4.39 4.65 3.25 2.20 1.99 37.34 25.88 0.03 0.39
Operating Cash Flow to Interest Expense		 10.36 13.79 9.75 8.45 4.96 14.58 46.46 9.85 1.28 1.35
Operating Cash Flow Less CapEx to Interest Expense		 9.43 13.35 9.12 8.15 4.57 13.85 42.74 8.75 1.06 1.26
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.05 0.05 0.05 0.04 0.04 0.05 0.05
Fixed Asset Turnover		 3.07 3.26 3.63 3.97 3.83 3.60 3.75 3.74 3.57 3.52
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,471 2,603 2,720 2,946 3,141 3,401 3,461 2,491 2,966 3,333
Invested Capital Turnover		 0.44 0.44 0.46 0.47 0.44 0.41 0.42 0.51 0.58 0.53
Increase / (Decrease) in Invested Capital		 33 132 117 226 195 260 60 -970 474 367
Enterprise Value (EV)		 2,710 3,729 4,036 3,667 5,096 3,782 2,665 6,581 3,855 4,637
Market Capitalization		 2,958 4,260 4,399 4,708 5,832 5,963 6,921 7,446 6,520 7,990
Book Value per Share		 $23.89 $24.34 $25.30 $26.23 $27.86 $30.45 $29.59 $20.66 $23.69 $25.81
Tangible Book Value per Share		 $22.32 $22.83 $23.86 $24.84 $26.48 $29.11 $28.26 $19.36 $22.39 $24.56
Total Capital		 2,471 2,603 2,720 2,946 3,141 3,401 3,461 2,491 2,966 3,333
Total Debt		 104 102 1.76 8.70 2.42 0.80 13 9.67 1.40 0.06
Total Long-Term Debt		 0.00 0.00 0.00 0.00 2.42 0.00 13 9.67 0.00 0.00
Net Debt		 -399 -680 -510 -1,192 -885 -2,184 -4,267 -881 -2,686 -3,376
Capital Expenditures (CapEx)		 26 14 28 20 41 31 48 62 84 37
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 -8.85 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 104 102 1.76 8.70 2.42 0.80 13 9.67 1.40 0.06
Total Depreciation and Amortization (D&A)		 75 72 75 65 69 104 112 66 67 53
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.56 $2.62 $2.90 $3.79 $3.59 $2.91 $4.32 $3.86 $3.64 $3.88
Adjusted Weighted Average Basic Shares Outstanding		 96.74M 101.62M 106.71M 110.90M 112.09M 117.08M 121.11M 124.80M 129.88M 133.88M
Adjusted Diluted Earnings per Share		 $2.56 $2.61 $2.89 $3.78 $3.58 $2.91 $4.31 $3.85 $3.64 $3.87
Adjusted Weighted Average Diluted Shares Outstanding		 96.74M 101.62M 106.71M 110.90M 112.09M 117.08M 121.11M 124.80M 129.88M 133.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $3.59 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 96.74M 101.62M 106.71M 110.90M 112.09M 117.08M 121.11M 124.80M 129.88M 133.88M
Normalized Net Operating Profit after Tax (NOPAT)		 267 277 320 438 423 345 541 500 485 534
Normalized NOPAT Margin		 24.52% 24.58% 26.22% 33.07% 31.41% 25.83% 37.91% 33.13% 30.59% 32.12%
Pre Tax Income Margin		 35.23% 35.60% 35.28% 41.06% 39.51% 33.03% 48.13% 41.90% 39.07% 40.84%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 13.65 12.15 9.84 8.33 5.11 10.05 53.34 11.13 1.62 1.58
NOPAT to Interest Expense		 9.50 8.39 7.32 6.70 4.09 8.06 42.02 8.80 1.27 1.24
EBIT Less CapEx to Interest Expense		 12.71 11.72 9.21 8.03 4.72 9.32 49.62 10.04 1.40 1.50
NOPAT Less CapEx to Interest Expense		 8.56 7.95 6.68 6.40 3.70 7.33 38.30 7.71 1.05 1.16
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 35.19% 34.70% 31.45% 24.93% 28.97% 36.05% 22.70% 25.49% 27.77% 27.15%
Augmented Payout Ratio		 43.88% 48.93% 37.01% 42.10% 60.89% 51.35% 46.63% 62.82% 43.51% 59.05%

Quarterly Metrics and Ratios for Commerce Bancshares

This table displays calculated financial ratios and metrics derived from Commerce Bancshares' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 10.46% 3.88% 11.85% 7.43% 1.93% 0.13% 2.23% 4.29% 7.44% 5.53%
EBITDA Growth		 3.30% -11.80% 2.32% 9.61% -1.12% -15.25% -4.81% 5.77% 12.09% 14.19%
EBIT Growth		 8.70% -10.98% 0.95% 9.38% -2.49% -14.50% -4.08% 8.17% 14.33% 20.91%
NOPAT Growth		 9.27% 15.86% 0.44% 8.58% -2.76% -16.60% -4.23% 8.42% 14.31% 23.13%
Net Income Growth		 0.34% 15.86% 0.44% 8.58% -2.76% -16.60% -4.23% 8.42% 14.31% 23.13%
EPS Growth		 -2.02% 27.78% -1.09% 5.43% -5.15% -4.35% -5.49% 10.31% 16.30% 31.82%
Operating Cash Flow Growth		 15.57% -19.71% -6.79% -35.15% -20.02% 35.07% 16.73% 40.57% 193.95% -212.92%
Free Cash Flow Firm Growth		 1,817.24% 1,896.98% -336.99% -194.03% -148.64% -132.89% 223.20% 176.22% 63.67% 36.72%
Invested Capital Growth		 -32.11% -28.02% 40.49% 37.65% 30.76% 19.04% -29.21% -14.32% 11.63% 12.37%
Revenue Q/Q Growth		 4.15% 3.11% -2.86% 2.98% -1.18% 1.29% -0.83% 5.07% 1.80% -0.51%
EBITDA Q/Q Growth		 5.72% 8.85% -9.12% 4.81% -4.63% -6.70% 2.07% 16.46% 1.06% -4.95%
EBIT Q/Q Growth		 5.22% 5.01% -8.79% 8.53% -6.20% -7.92% 2.32% 22.39% -0.85% -2.62%
NOPAT Q/Q Growth		 5.02% 5.92% -9.80% 8.22% -5.95% -9.16% 3.58% 22.51% -0.83% -2.15%
Net Income Q/Q Growth		 5.02% 5.92% -9.80% 8.22% -5.95% -9.16% 3.58% 22.51% -0.83% -2.15%
EPS Q/Q Growth		 5.43% -28.87% 5.81% 6.59% -5.15% -28.26% 7.50% 24.42% 0.00% -18.69%
Operating Cash Flow Q/Q Growth		 13.58% -51.20% 29.53% -9.67% 40.09% -17.59% 11.94% 8.77% 192.94% -131.66%
Free Cash Flow Firm Q/Q Growth		 33.55% -11.63% -198.54% 19.14% 30.92% 40.23% 469.06% -49.98% -132.93% -4.09%
Invested Capital Q/Q Growth		 -11.50% 4.99% 68.20% -11.92% -15.93% -4.42% 0.02% 6.61% 9.53% -3.79%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 44.93% 47.43% 44.37% 45.16% 43.58% 40.14% 41.32% 45.80% 45.47% 43.44%
EBIT Margin		 41.24% 42.00% 39.43% 41.56% 39.45% 35.86% 37.00% 43.10% 41.98% 41.09%
Profit (Net Income) Margin		 32.50% 33.38% 31.00% 32.57% 31.00% 27.80% 29.04% 33.86% 32.98% 32.44%
Tax Burden Percent		 78.81% 79.48% 78.60% 78.38% 78.58% 77.53% 78.48% 78.56% 78.58% 78.95%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.19% 20.52% 21.40% 21.62% 21.42% 22.47% 21.52% 21.44% 21.42% 21.05%
Return on Invested Capital (ROIC)		 16.55% 16.93% 13.40% 16.13% 17.95% 16.16% 12.94% 15.93% 16.49% 17.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.55% 16.93% 13.40% 16.13% 17.95% 16.16% 12.94% 15.93% 16.49% 17.14%
Return on Net Nonoperating Assets (RNNOA)		 0.02% 0.06% 3.59% 3.04% 1.83% 0.03% 3.46% 2.75% 1.40% 0.00%
Return on Equity (ROE)		 16.57% 16.99% 16.99% 19.18% 19.78% 16.20% 16.40% 18.68% 17.89% 17.14%
Cash Return on Invested Capital (CROIC)		 54.67% 49.38% -19.72% -15.65% -8.13% 0.40% 47.62% 29.75% 4.50% 5.32%
Operating Return on Assets (OROA)		 1.84% 1.85% 1.83% 1.98% 1.96% 1.79% 1.89% 2.19% 2.19% 2.15%
Return on Assets (ROA)		 1.45% 1.47% 1.43% 1.55% 1.54% 1.39% 1.48% 1.72% 1.72% 1.69%
Return on Common Equity (ROCE)		 16.48% 16.91% 16.91% 19.06% 19.63% 16.09% 16.30% 18.56% 17.77% 17.03%
Return on Equity Simple (ROE_SIMPLE)		 20.49% 0.00% 18.78% 19.15% 19.65% 0.00% 16.31% 15.65% 14.82% 0.00%
Net Operating Profit after Tax (NOPAT)		 126 134 121 130 123 111 115 141 140 137
NOPAT Margin		 32.50% 33.38% 31.00% 32.57% 31.00% 27.80% 29.04% 33.86% 32.98% 32.44%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 48.74% 47.12% 50.29% 49.53% 51.13% 50.93% 51.71% 48.75% 49.69% 49.86%
Operating Expenses to Revenue		 54.83% 54.13% 57.62% 56.83% 57.61% 62.67% 61.80% 55.59% 55.87% 55.72%
Earnings before Interest and Taxes (EBIT)		 160 168 153 166 156 144 147 180 179 174
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 174 190 173 181 172 161 164 191 193 184
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.96 3.02 2.53 2.12 2.16 2.21 2.23 2.30 2.23 2.41
Price to Tangible Book Value (P/TBV)		 3.17 3.22 2.69 2.26 2.31 2.34 2.36 2.43 2.34 2.54
Price to Revenue (P/Rev)		 4.65 4.93 4.36 3.59 3.52 4.11 4.13 4.48 4.67 4.80
Price to Earnings (P/E)		 14.74 15.25 13.79 11.29 11.19 13.67 13.99 14.99 15.33 15.18
Dividend Yield		 1.82% 1.70% 1.97% 2.36% 2.40% 2.06% 2.04% 1.94% 1.82% 1.73%
Earnings Yield		 6.78% 6.56% 7.25% 8.85% 8.94% 7.32% 7.15% 6.67% 6.52% 6.59%
Enterprise Value to Invested Capital (EV/IC)		 2.52 2.64 1.57 1.02 1.26 1.30 1.58 1.49 1.31 1.39
Enterprise Value to Revenue (EV/Rev)		 4.00 4.36 4.23 2.38 2.46 2.43 2.95 2.92 2.77 2.79
Enterprise Value to EBITDA (EV/EBITDA)		 8.26 9.43 9.35 5.23 5.45 5.61 6.93 6.83 6.39 6.33
Enterprise Value to EBIT (EV/EBIT)		 9.15 10.41 10.35 5.79 6.06 6.22 7.66 7.50 6.99 6.82
Enterprise Value to NOPAT (EV/NOPAT)		 12.40 13.16 13.11 7.34 7.69 7.94 9.79 9.58 8.92 8.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.28 11.76 11.91 7.59 8.53 7.89 9.25 8.54 5.43 8.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.72 4.48 0.00 0.00 0.00 357.16 2.76 4.62 30.73 27.68
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.56 0.37 0.19 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.56 0.37 0.19 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.27 0.19 0.10 0.00 0.27 0.17 0.08 0.00
Leverage Ratio		 11.45 11.56 11.84 12.36 12.87 11.67 11.05 10.85 10.39 10.12
Compound Leverage Factor		 11.45 11.56 11.84 12.36 12.87 11.67 11.05 10.85 10.39 10.12
Debt to Total Capital		 0.08% 0.39% 35.98% 27.25% 16.23% 0.05% 0.08% 0.13% 0.29% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.08% 0.39% 35.98% 27.25% 16.23% 0.00% 0.08% 0.13% 0.29% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.82% 0.65% 0.40% 0.48% 0.58% 0.68% 0.67% 0.65% 0.62% 0.68%
Common Equity to Total Capital		 99.10% 98.96% 63.61% 72.27% 83.19% 99.27% 99.25% 99.22% 99.09% 99.32%
Debt to EBITDA		 0.00 0.01 2.15 1.40 0.70 0.00 0.00 0.01 0.01 0.00
Net Debt to EBITDA		 -1.38 -1.26 -0.30 -2.69 -2.38 -3.91 -2.80 -3.69 -4.42 -4.61
Long-Term Debt to EBITDA		 0.00 0.01 2.15 1.40 0.70 0.00 0.00 0.01 0.01 0.00
Debt to NOPAT		 0.00 0.02 3.01 1.97 0.99 0.00 0.00 0.01 0.02 0.00
Net Debt to NOPAT		 -2.07 -1.76 -0.42 -3.78 -3.36 -5.54 -3.95 -5.17 -6.17 -6.32
Long-Term Debt to NOPAT		 0.00 0.02 3.01 1.97 0.99 0.00 0.00 0.01 0.02 0.00
Noncontrolling Interest Sharing Ratio		 0.51% 0.46% 0.52% 0.64% 0.75% 0.67% 0.65% 0.66% 0.65% 0.68%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,248 1,103 -1,087 -879 -607 -363 1,339 670 -221 -230
Operating Cash Flow to CapEx		 1,052.90% 521.45% 579.18% 342.01% 810.33% 812.02% 1,626.95% 1,866.25% 6,137.91% -977.08%
Free Cash Flow to Firm to Interest Expense		 76.63 34.76 -19.00 -8.87 -5.39 -3.18 12.21 6.25 -2.01 -2.23
Operating Cash Flow to Interest Expense		 11.27 2.82 2.03 1.06 1.30 1.06 1.23 1.38 3.93 -1.33
Operating Cash Flow Less CapEx to Interest Expense		 10.20 2.28 1.68 0.75 1.14 0.93 1.16 1.30 3.87 -1.47
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 3.81 3.74 3.77 3.72 3.65 3.57 3.56 3.51 3.53 3.52
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,373 2,491 4,190 3,691 3,103 2,966 2,966 3,162 3,464 3,333
Invested Capital Turnover		 0.51 0.51 0.43 0.50 0.58 0.58 0.45 0.47 0.50 0.53
Increase / (Decrease) in Invested Capital		 -1,122 -970 1,208 1,010 730 474 -1,224 -529 361 367
Enterprise Value (EV)		 5,974 6,581 6,560 3,751 3,901 3,855 4,701 4,705 4,539 4,637
Market Capitalization		 6,954 7,446 6,755 5,666 5,588 6,520 6,579 7,226 7,658 7,990
Book Value per Share		 $19.62 $20.66 $21.36 $21.39 $20.70 $23.69 $22.73 $24.22 $26.62 $25.81
Tangible Book Value per Share		 $18.33 $19.36 $20.13 $20.10 $19.41 $22.39 $21.49 $22.99 $25.38 $24.56
Total Capital		 2,373 2,491 4,190 3,691 3,103 2,966 2,966 3,162 3,464 3,333
Total Debt		 1.83 9.67 1,508 1,006 504 1.40 2.36 3.98 10 0.06
Total Long-Term Debt		 1.83 9.67 1,508 1,006 504 0.00 2.36 3.98 10 0.00
Net Debt		 -999 -881 -212 -1,933 -1,705 -2,686 -1,898 -2,541 -3,140 -3,376
Capital Expenditures (CapEx)		 17 17 20 31 18 15 8.33 7.90 7.03 14
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1.83 9.67 1,508 1,006 504 1.40 2.36 3.98 10 0.06
Total Depreciation and Amortization (D&A)		 14 22 19 14 16 17 17 11 15 9.94
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.03 $0.69 $0.95 $1.03 $0.96 $0.67 $0.87 $1.07 $1.07 $0.87
Adjusted Weighted Average Basic Shares Outstanding		 119.35M 124.80M 124.72M 124.70M 124.29M 129.88M 129.54M 128.92M 128.23M 133.88M
Adjusted Diluted Earnings per Share		 $1.02 $0.69 $0.95 $1.02 $0.96 $0.66 $0.86 $1.07 $1.07 $0.87
Adjusted Weighted Average Diluted Shares Outstanding		 119.35M 124.80M 124.72M 124.70M 124.29M 129.88M 129.54M 128.92M 128.23M 133.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 119.35M 124.80M 124.72M 124.70M 124.29M 129.88M 129.54M 128.92M 128.23M 133.88M
Normalized Net Operating Profit after Tax (NOPAT)		 126 134 121 130 123 111 115 141 140 137
Normalized NOPAT Margin		 32.50% 33.38% 31.00% 32.57% 31.00% 27.80% 29.04% 33.86% 32.98% 32.44%
Pre Tax Income Margin		 41.24% 42.00% 39.43% 41.56% 39.45% 35.86% 37.00% 43.10% 41.98% 41.09%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 9.83 5.30 2.68 1.68 1.39 1.26 1.34 1.68 1.63 1.69
NOPAT to Interest Expense		 7.74 4.21 2.11 1.32 1.09 0.98 1.05 1.32 1.28 1.34
EBIT Less CapEx to Interest Expense		 8.76 4.76 2.33 1.37 1.23 1.13 1.26 1.61 1.56 1.56
NOPAT Less CapEx to Interest Expense		 6.67 3.67 1.76 1.01 0.93 0.85 0.98 1.25 1.21 1.20
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 26.22% 25.49% 25.79% 25.62% 26.18% 27.77% 28.35% 27.97% 28.32% 27.15%
Augmented Payout Ratio		 70.36% 62.82% 59.15% 47.15% 41.91% 43.51% 45.47% 52.34% 56.51% 59.05%

Frequently Asked Questions About Commerce Bancshares' Financials

When does Commerce Bancshares's fiscal year end?

According to the most recent income statement we have on file, Commerce Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Commerce Bancshares' net income changed over the last 9 years?

Commerce Bancshares' net income appears to be on an upward trend, with a most recent value of $534.40 million in 2024, rising from $266.98 million in 2015. The previous period was $485.18 million in 2023.

How has Commerce Bancshares revenue changed over the last 9 years?

Over the last 9 years, Commerce Bancshares' total revenue changed from $1.09 billion in 2015 to $1.66 billion in 2024, a change of 52.8%.

How much debt does Commerce Bancshares have?

Commerce Bancshares' total liabilities were at $28.66 billion at the end of 2024, a 0.3% decrease from 2023, and a 28.9% increase since 2015.

How much cash does Commerce Bancshares have?

In the past 9 years, Commerce Bancshares' cash and equivalents has ranged from $305.54 million in 2021 to $748.36 million in 2024, and is currently $748.36 million as of their latest financial filing in 2024.

How has Commerce Bancshares' book value per share changed over the last 9 years?

Over the last 9 years, Commerce Bancshares' book value per share changed from 23.89 in 2015 to 25.81 in 2024, a change of 8.1%.

Remove Ads

Related Companies

This page (NASDAQ:CBSH) was last updated on 4/17/2025 by MarketBeat.com Staff
From Our Partners
[Action Required] Claim Your FREE IRS Loophole Guide
This shouldn't surprise anyone who's been paying attention, but... Pres. Trump may be about to unleash the ...
Colonial Metals | Sponsored
Get Your Bank Account “Fed Invasion” Ready with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank ac...
Weiss Ratings | Sponsored
Altucher: Turn $900 into $108,000 in just 12 months?
We are entering the final Trump Bump of our lives. But the biggest returns will not be in the stock market.
Paradigm Press | Sponsored
Gold Hits New Highs as Global Markets Spiral
When Trump took office in 2017, gold was just $1,100 an ounce. By the time he left, it had soared to $1,839. ...
Premier Gold Co | Sponsored
URGENT: This Altcoin Opportunity Won’t Wait – Act Now
My friends Joel and Adam have a simple motto: "For us, it's always a bull market." That’s because their 92%...
Crypto Swap Profits | Sponsored
Elon Musk Confirms: Tesla’s Optimus is Replacing Workers… and Heading to Mars
Elon Musk just confirmed Tesla’s robot will go to Mars. But on Earth, it may trigger a trillion-dollar tech sh...
InvestorPlace | Sponsored
Collect $7k per month from Tesla’s SECRET dividend
Tesla doesn't pay a traditional dividend.... But I just discovered a secret backdoor to collect a secret 69...
Investors Alley | Sponsored
Trump to redistribute trillions of dollars
Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to ...
Porter & Company | Sponsored