COMMERCE BANCSHARES INC /MO/

CBSH · State Commercial Banks · 145.8M shares · EDGAR filings ↗

Net buyback after stock comp: $59M (gross $76M, SBC $17M)

Reference price $55.03 · est. market cap ~$8.0B — last insider sale, 2026-06-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

A83

Commerce Bancshares — high-quality regional bank with top-decile returns.

Strengths

ROE 15% (96th pct) and ROA (94th)
Strong free cash flow (95th)
Consistent, conservative underwriting

Risks

Limited disclosed growth metrics
Rate and deposit-cost sensitivity
Regional concentration

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$119,275, last 6mo) Form 4 ↗
Insider sellingInsider selling — 9 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$2M, last 6mo) Form 4 ↗

Quarterly revenue

2025-03-31 · $02025-06-30 · $02025-09-30 · $02026-03-31 · $0

Last 4 quarters · from SEC filings.

Key metrics

Return on equity

14.9%

Return on assets

1.7%

Net-income growth

7.6%

Free cash flow

$592M

Tangible book value

$3.6B

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-23	BARTH KEVIN G	Grant	120	$55.29
2026-06-23	KEMPER DAVID W	Grant	131	$55.29
2026-06-16	FOWLER JUNE MCALLISTER	Sell	200	$55.03
2026-05-29	Schnuck Todd R	Grant	790	$52.22
2026-05-29	MACIA ALAINA G	Grant	646	$52.22
2026-05-29	FOWLER JUNE MCALLISTER	Grant	646	$52.22
2026-05-29	DUNN TIMOTHY S	Grant	718	$52.22
2026-05-29	Daniel Karen L	Grant	886	$52.22
2026-05-29	BRAUER BLACKFORD F	Grant	718	$52.22
2026-05-29	CHAPMAN WILLIAM KYLE	Grant	646	$52.22
2026-05-29	BASSHAM TERRY D	Grant	718	$52.22
2026-05-29	TAYLOR CHRISTINE B	Grant	646	$52.22
2026-03-24	KEMPER DAVID W	Grant	150	$48.09
2026-03-24	BARTH KEVIN G	Grant	137	$48.09
2026-03-13	DUNN TIMOTHY S	Buy	2.5K	$47.71
2026-03-10	Petersen Paula S	Gift	250	—
2026-03-05	ROWE MARGARET M	Sell	861	$51.69
2026-03-05	JAKOVICH KIM L	Sell	949	$51.45
2026-03-04	ROWE MARGARET M	Tax withheld	181	$52.25
2026-03-04	JAKOVICH KIM L	Tax withheld	176	$52.25
2026-03-03	ROWE MARGARET M	Tax withheld	301	$51.61
2026-03-03	JAKOVICH KIM L	Tax withheld	322	$51.61
2026-03-03	STEINER PAUL A	Tax withheld	203	$51.61
2026-03-03	HEISE RICHARD W	Tax withheld	701	$51.61
2026-03-02	STEINER PAUL A	Grant	2.4K	—
2026-02-28	TAYLOR CHRISTINE B	Grant	662	$50.99
2026-02-28	BRAUER BLACKFORD F	Grant	736	$50.99
2026-02-28	Schnuck Todd R	Grant	809	$50.99
2026-02-28	FOWLER JUNE MCALLISTER	Grant	662	$50.99
2026-02-28	DUNN TIMOTHY S	Grant	736	$50.99
2026-02-28	BASSHAM TERRY D	Grant	736	$50.99
2026-02-28	CHAPMAN WILLIAM KYLE	Grant	662	$50.99
2026-02-28	Daniel Karen L	Grant	907	$50.99
2026-02-28	MACIA ALAINA G	Grant	662	$50.99
2026-02-28	RASSIEUR BENJAMIN F III	Grant	735	$50.99
2026-02-11	BARTH KEVIN G	Sell	7.5K	$55.09
2026-02-11	Petersen Paula S	Tax withheld	299	$54.80
2026-02-11	Petersen Paula S	Disposition	963	$54.80
2026-02-11	Petersen Paula S	Option exercise	2.0K	$26.96
2026-02-05	Kemper John W	Sell	23K	$53.99
2026-02-04	Roller David L.	Sell	1.1K	$54.48
2026-02-04	Brooks Derrick	Sell	1.0K	$54.40
2026-02-03	HEISE RICHARD W	Grant	1.2K	—
2026-02-03	ROWE MARGARET M	Grant	1.9K	—
2026-02-03	Roller David L.	Grant	2.7K	—
2026-02-03	Petersen Paula S	Grant	2.8K	—
2026-02-03	Orf David L	Grant	2.6K	—
2026-02-03	Neff Douglas D	Grant	1.2K	—
2026-02-03	KIM CHARLES G	Grant	4.8K	—
2026-02-03	Kemper John W	Grant	18K	—
2026-02-03	KEMPER DAVID W	Grant	4.7K	—
2026-02-03	JAKOVICH KIM L	Grant	2.1K	—
2026-02-03	Holmes Robert S	Grant	3.6K	—
2026-02-03	Handy John K	Grant	7.7K	—
2026-02-03	Brooks Derrick	Grant	1.7K	—
2026-02-03	BARTH KEVIN G	Grant	3.0K	—
2026-02-03	Roller David L.	Tax withheld	488	$53.59
2026-02-03	Roller David L.	Sell	2.1K	$53.32
2026-02-03	Petersen Paula S	Tax withheld	405	$53.59
2026-02-02	BARTH KEVIN G	Tax withheld	3.4K	$53.23
2026-02-02	Roller David L.	Tax withheld	1.1K	$53.23
2026-02-02	Petersen Paula S	Tax withheld	831	$53.23
2026-02-02	KIM CHARLES G	Tax withheld	2.6K	$53.23
2026-02-02	Kemper John W	Tax withheld	11K	$53.23
2026-02-02	Holmes Robert S	Tax withheld	2.3K	$53.23
2026-02-02	Handy John K	Tax withheld	2.3K	$53.23
2026-02-02	Orf David L	Tax withheld	964	$53.23
2026-02-02	Brooks Derrick	Tax withheld	548	$53.23
2026-02-02	Neff Douglas D	Tax withheld	898	$53.23
2026-01-30	KEMPER DAVID W	Sell	2.8K	$52.59
2026-01-28	KEMPER DAVID W	Tax withheld	1.1K	$52.66
2025-12-15	BARTH KEVIN G	Grant	116	$53.69
2025-12-15	KEMPER DAVID W	Grant	127	$53.69
2025-11-30	BASSHAM TERRY D	Grant	695	$53.91
2025-11-30	BRAUER BLACKFORD F	Grant	695	$53.91
2025-11-30	CHAPMAN WILLIAM KYLE	Grant	626	$53.91
2025-11-30	Daniel Karen L	Grant	858	$53.91
2025-11-30	DUNN TIMOTHY S	Grant	695	$53.91
2025-11-30	MACIA ALAINA G	Grant	626	$53.91
2025-11-30	TAYLOR CHRISTINE B	Grant	626	$53.91
2025-11-30	FOWLER JUNE MCALLISTER	Grant	626	$53.91
2025-11-30	RASSIEUR BENJAMIN F III	Grant	696	$53.91
2025-11-30	Schnuck Todd R	Grant	765	$53.91
2025-09-23	BARTH KEVIN G	Grant	106	$59.48
2025-09-23	KEMPER DAVID W	Grant	114	$59.48
2025-09-08	Holmes Robert S	Gift	470	—
2025-08-29	BRAUER BLACKFORD F	Grant	605	$61.94
2025-08-29	RASSIEUR BENJAMIN F III	Grant	605	$61.94
2025-08-29	KEMPER JONATHAN M	Grant	350	$61.94
2025-08-29	Schnuck Todd R	Grant	666	$61.94
2025-08-29	BASSHAM TERRY D	Grant	605	$61.94
2025-08-29	TAYLOR CHRISTINE B	Grant	545	$61.94
2025-08-29	DUNN TIMOTHY S	Grant	606	$61.94
2025-08-29	Daniel Karen L	Grant	747	$61.94
2025-08-29	CHAPMAN WILLIAM KYLE	Grant	545	$61.94
2025-08-29	FOWLER JUNE MCALLISTER	Grant	545	$61.94
2025-06-24	KEMPER DAVID W	Grant	109	$62.31
2025-06-24	BARTH KEVIN G	Grant	99	$62.31
2025-06-24	KEMPER JONATHAN M	Grant	820	$62.31
2025-05-30	DUNN TIMOTHY S	Grant	595	$63.01
2025-05-30	RASSIEUR BENJAMIN F III	Grant	615	$63.01
2025-05-30	FOWLER JUNE MCALLISTER	Grant	535	$63.01
2025-05-30	KEMPER JONATHAN M	Grant	515	$63.01
2025-05-30	Daniel Karen L	Grant	734	$63.01
2025-05-30	CHAPMAN WILLIAM KYLE	Grant	535	$63.01
2025-05-30	BRAUER BLACKFORD F	Grant	595	$63.01
2025-05-30	BASSHAM TERRY D	Grant	595	$63.01
2025-05-30	TAYLOR CHRISTINE B	Grant	536	$63.01
2025-05-30	Schnuck Todd R	Grant	655	$63.01
2025-05-13	Kellerhals Patricia R	Sell	1.0K	$65.62
2025-05-01	FOWLER JUNE MCALLISTER	Sell	1.6K	$60.72
2025-03-25	KEMPER DAVID W	Grant	107	$62.64
2025-03-25	BARTH KEVIN G	Grant	99	$62.64
2025-03-25	KEMPER JONATHAN M	Grant	812	$62.64
2025-03-06	ROWE MARGARET M	Sell	250	$61.92
2025-03-04	HEISE RICHARD W	Tax withheld	172	$62.75
2025-03-04	JAKOVICH KIM L	Tax withheld	111	$62.75
2025-03-04	ROWE MARGARET M	Tax withheld	114	$62.75
2025-03-04	STEINER PAUL A	Tax withheld	115	$62.75
2025-03-03	HEISE RICHARD W	Tax withheld	366	$64.82
2025-03-03	STEINER PAUL A	Grant	385	—
2025-02-28	TAYLOR CHRISTINE B	Grant	519	$65.05
2025-02-28	Schnuck Todd R	Grant	577	$65.05
2025-02-28	RASSIEUR BENJAMIN F III	Grant	634	$65.05
2025-02-28	FOWLER JUNE MCALLISTER	Grant	519	$65.05
2025-02-28	Daniel Karen L	Grant	576	$65.05
2025-02-28	DEVANNY EARL H III	Grant	634	$65.05
2025-02-28	CHAPMAN WILLIAM KYLE	Grant	519	$65.05
2025-02-28	BRAUER BLACKFORD F	Grant	577	$65.05
2025-02-28	BASSHAM TERRY D	Grant	577	$65.05
2025-02-28	KEMPER JONATHAN M	Grant	500	$65.05
2025-02-27	KEMPER JONATHAN M	I	44K	$64.09
2025-02-07	KIM CHARLES G	Sell	13K	$67.76
2025-02-05	Roller David L.	Sell	3.3K	$67.81
2025-02-05	Orf David L	Sell	1.0K	$68.24
2025-02-04	Brooks Derrick	Sell	175	$66.86
2025-02-04	Handy John K	Sell	4.8K	$67.25
2025-02-04	Kellerhals Patricia R	Sell	1.7K	$67.30
2025-02-04	Kemper John W	Sell	26K	$67.28
2025-02-03	Holmes Robert S	Tax withheld	1.8K	$65.87
2025-02-03	Roller David L.	Tax withheld	1.6K	$65.87
2025-02-03	Petersen Paula S	Tax withheld	1.0K	$65.87
2025-02-03	Orf David L	Tax withheld	567	$65.87
2025-02-03	Neff Douglas D	Tax withheld	377	$65.87
2025-02-03	KIM CHARLES G	Tax withheld	2.1K	$65.87
2025-02-03	Kemper John W	Tax withheld	13K	$65.87
2025-02-03	Kellerhals Patricia R	Tax withheld	858	$65.87
2025-02-03	Handy John K	Tax withheld	2.0K	$65.87
2025-02-03	Brooks Derrick	Tax withheld	93	$65.87
2025-02-03	Brooks Derrick	Option exercise	304	$56.12
2025-02-03	Brooks Derrick	Tax withheld	15	$65.46
2025-02-03	Brooks Derrick	Disposition	261	$65.46
2025-02-03	Brooks Derrick	Sell	28	$65.48
2025-02-03	BARTH KEVIN G	Tax withheld	2.1K	$65.87
2025-02-03	KEMPER DAVID W	Sell	3.7K	$66.16
2025-01-31	KEMPER DAVID W	Tax withheld	1.3K	$66.80
2025-01-28	Roller David L.	Grant	3.5K	—
2025-01-28	Petersen Paula S	Grant	4.1K	—
2025-01-28	Orf David L	Grant	3.7K	—
2025-01-28	Neff Douglas D	Grant	2.9K	—
2025-01-28	KIM CHARLES G	Grant	7.9K	—
2025-01-28	Kemper John W	Grant	44K	—
2025-01-28	KEMPER DAVID W	Grant	3.8K	—
2025-01-28	JAKOVICH KIM L	Grant	2.6K	—
2025-01-28	Holmes Robert S	Grant	6.3K	—
2025-01-28	HEISE RICHARD W	Grant	5.5K	—
2025-01-28	Handy John K	Grant	7.8K	—
2025-01-28	Brooks Derrick	Grant	3.3K	—
2025-01-28	ROWE MARGARET M	Grant	1.8K	—
2025-01-28	BARTH KEVIN G	Grant	7.9K	—
2025-01-27	Handy John K	Sell	2.7K	$66.68
2025-01-27	Petersen Paula S	Option exercise	2.0K	$25.74
2025-01-27	Petersen Paula S	Tax withheld	435	$66.92
2025-01-27	Petersen Paula S	Disposition	770	$66.92
2025-01-27	BARTH KEVIN G	Sell	1.2K	$66.61
2025-01-24	BARTH KEVIN G	Option exercise	9.2K	$38.26
2025-01-24	BARTH KEVIN G	Option exercise	9.3K	$41.89
2025-01-24	BARTH KEVIN G	Tax withheld	1.3K	$65.85
2025-01-24	BARTH KEVIN G	Tax withheld	1.0K	$65.89
2025-01-24	BARTH KEVIN G	Disposition	5.3K	$65.85
2025-01-24	BARTH KEVIN G	Disposition	5.9K	$65.89
2025-01-24	BARTH KEVIN G	Sell	25K	$66.06
2025-01-24	Handy John K	Tax withheld	1.3K	$66.00
2024-12-31	TAYLOR CHRISTINE B	Grant	1.2K	$62.31
2024-12-31	BASSHAM TERRY D	Grant	1.2K	$62.31
2024-12-31	Schnuck Todd R	Grant	1.2K	$62.31
2024-12-31	RASSIEUR BENJAMIN F III	Grant	1.2K	$62.31
2024-12-31	FOWLER JUNE MCALLISTER	Grant	1.2K	$62.31
2024-12-31	DEVANNY EARL H III	Grant	1.2K	$62.31
2024-12-31	KEMPER JONATHAN M	Grant	1.2K	$62.31
2024-12-31	Daniel Karen L	Grant	1.2K	$62.31
2024-12-31	CHAPMAN WILLIAM KYLE	Grant	1.2K	$62.31
2024-12-31	BRAUER BLACKFORD F	Grant	1.2K	$62.31

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-12	Other	filing ↗
2026-05-07	Exec/director change	filing ↗
2026-04-28	Exec/director changeShareholder voteOther	filing ↗
2026-04-27	Other	filing ↗
2026-04-21	ResultsExhibits	filing ↗
2026-03-30	Exec/director change	filing ↗
2026-02-09	Exec/director change	filing ↗
2026-01-22	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-12	2026-05-12	0000022356-26-000137 ↗
10-Q	2026-05-07	2026-03-31	0000022356-26-000133 ↗
8-K	2026-05-07	2026-05-07	0000022356-26-000131 ↗
8-K	2026-04-28	2026-04-24	0000022356-26-000128 ↗
8-K	2026-04-27	2026-04-27	0000022356-26-000125 ↗
8-K	2026-04-21	2026-04-21	0000022356-26-000123 ↗
8-K	2026-03-30	2026-03-24	0000022356-26-000120 ↗
10-K	2026-02-24	2025-12-31	0000022356-26-000069 ↗
8-K	2026-02-09	2026-02-03	0000022356-26-000058 ↗
8-K	2026-01-22	2026-01-22	0000022356-26-000002 ↗
8-K	2026-01-02	2026-01-01	0001104659-26-000016 ↗
8-K	2025-12-03	2025-12-03	0001104659-25-118152 ↗