Commerce Bancshares (CBSH) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
1.7B
Net Income
534.4M
32.12%
EPS (Diluted)
$3.87
Balance Sheet Metrics
Total Assets
32.0B
Total Liabilities
28.7B
Shareholders Equity
3.3B
Debt to Equity
8.60
Cash Flow Metrics
Operating Cash Flow
562.2M
Free Cash Flow
531.7M
Revenue & Profitability Trend
Commerce Bancshares Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1.7B | 1.6B | 1.5B | 1.4B | 1.3B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | 646.7M | 641.7M | 588.5M | 556.2M | 532.7M |
| Operating Income | - | - | - | - | - |
| Pre-tax Income | 679.5M | 619.7M | 632.4M | 686.3M | 441.2M |
| Income Tax | 145.1M | 134.5M | 132.4M | 145.7M | 87.3M |
| Net Income | 534.4M | 485.2M | 500.0M | 540.6M | 353.9M |
| EPS (Diluted) | $3.87 | $3.64 | $3.67 | $3.91 | $2.51 |
Income Statement Trend
Commerce Bancshares Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | - | - | - | - | - |
| Non-Current Assets | - | - | - | - | - |
| Total Assets | 32.0B | - | - | - | - |
| Liabilities | |||||
| Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 28.7B | - | - | - | - |
| Equity | |||||
| Total Shareholders Equity | 3.3B | 3.0B | 2.5B | 3.4B | 3.4B |
Balance Sheet Composition
Commerce Bancshares Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 534.4M | 485.2M | 500.0M | 540.6M | 353.9M |
| Operating Cash Flow | 562.2M | 418.6M | 544.5M | 684.9M | 374.7M |
| Investing Activities | |||||
| Capital Expenditures | -37.2M | -83.7M | -62.2M | -47.9M | -31.3M |
| Investing Cash Flow | 713.5M | 2.7B | 588.2M | -2.5B | -3.7B |
| Financing Activities | |||||
| Dividends Paid | -145.1M | -134.7M | -127.5M | -122.7M | -127.6M |
| Financing Cash Flow | -315.6M | -2.5B | -314.1M | -252.1M | -333.3M |
| Free Cash Flow | 531.7M | 400.7M | 494.2M | 541.0M | 590.9M |
Cash Flow Trend
Commerce Bancshares Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
15.07
Forward P/E
15.82
Price to Book
2.34
Price to Sales
4.93
PEG Ratio
15.82
Profitability Ratios
Profit Margin
33.17%
Operating Margin
44.68%
Return on Equity
17.01%
Return on Assets
1.75%
Financial Health
Debt to Equity
0.70
Beta
0.60
Per Share Data
EPS (TTM)
$4.03
Book Value per Share
$25.98
Revenue per Share
$12.28
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| cbsh | 8.1B | 15.07 | 2.34 | 17.01% | 33.17% | 0.70 |
| PNC Financial | 70.3B | 12.56 | 1.39 | 11.33% | 28.75% | 1.12 |
| U.S. Bancorp | 69.7B | 11.08 | 1.31 | 11.53% | 26.38% | 1.34 |
| SouthState | 9.0B | 13.91 | 1.04 | 7.18% | 27.82% | 0.30 |
| Webster Financial | 9.0B | 12.09 | 1.01 | 8.68% | 32.85% | 0.45 |
| Cullen/Frost Bankers | 8.1B | 13.89 | 2.05 | 15.42% | 29.33% | 1.26 |
Financial data is updated regularly. All figures are in the company's reporting currency.