CluenexCommerce Bancshares CBSH
Commerce Bancshares scores average on business quality (5.6 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Commerce Bancshares does
Commerce Bancshares makes money by taking deposits and lending through its regional banking network, charging net interest spread and fee income to commercial and retail clients. The bank is leaning into customer acquisition via complimentary Greenlight family banking access.
- What it does best
Commerce generates exceptional free cash flow efficiency, producing an FCF margin of 63.8% on $1.9B in revenue. This outpaces peers like CFR at 23.6%, driven by a sticky regional deposit base that keeps funding costs low.
- The main risk
Balancing aggressive capital returns like $337M in buybacks with organic growth remains a tightrope walk. If deposit costs spike faster than loan yields, net interest margins will compress and pinch earnings.
Quality, check by check
Scored against its own industry, from company filings.
Net margin stands at a high 30.4% with a strong ROE of 14.4%. Profitability is stable and benefits from low-cost core deposits as the bank scales its regional operations.
A regional deposit franchise locks in retail and commercial customers across the Midwest. Its return on equity of 14.4% ranks in the middle of the pack for its sector at the 46th percentile.
Revenue grew at 6.3% over the latest period to $1.9B, continuing a steady multi-year climb from $1.3B in 2020. Growth remains middle of the pack for its sector at the 38th percentile.
Debt-to-equity sits at 0.8x while free cash flow reached $1.2B, showing robust cash generation that easily covers the $156M dividend payout. The balance sheet is getting stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
7 sold $2.0M outside pre-planned sales.
Our sealed record on CBSH
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Commerce Bancshares scores average on the Cluenex quality check (5.6 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: 7 sold $2.0M outside pre-planned sales.
Oct 14, 2026.
See CBSH today
- Today's verdict on CBSH, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Commerce Bancshares (CBSH)”, https://cluenex.com/stocks/cbsh/, data as of Oct 10, 2026.