Commerce Bancshares Inc (CBSH) - Net Assets
Based on the latest financial reports, Commerce Bancshares Inc (CBSH) has net assets worth $3.81 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($32.92 Billion) and total liabilities ($29.10 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Commerce Bancshares Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.81 Billion |
| % of Total Assets | 11.59% |
| Annual Growth Rate | 6.48% |
| 5-Year Change | -89.6% |
| 10-Year Change | 52.52% |
| Growth Volatility | 129.71 |
Commerce Bancshares Inc - Net Assets Trend (1989–2025)
This chart illustrates how Commerce Bancshares Inc's net assets have evolved over time, based on quarterly financial data. Also explore Commerce Bancshares Inc (CBSH) total assets for the complete picture of this company's asset base.
Annual Net Assets for Commerce Bancshares Inc (1989–2025)
The table below shows the annual net assets of Commerce Bancshares Inc from 1989 to 2025. For live valuation and market cap data, see CBSH market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.81 Billion | +14.47% |
| 2024-12-31 | $3.33 Billion | +12.42% |
| 2023-12-31 | $2.96 Billion | +19.45% |
| 2022-12-31 | $2.48 Billion | -93.23% |
| 2021-12-31 | $36.68 Billion | +11.40% |
| 2020-12-31 | $32.92 Billion | +26.32% |
| 2019-12-31 | $26.06 Billion | +787.37% |
| 2018-12-31 | $2.94 Billion | +8.06% |
| 2017-12-31 | $2.72 Billion | +8.68% |
| 2016-12-31 | $2.50 Billion | +5.65% |
| 2015-12-31 | $2.37 Billion | +1.42% |
| 2014-12-31 | $2.33 Billion | +5.41% |
| 2013-12-31 | $2.21 Billion | +1.97% |
| 2012-12-31 | $2.17 Billion | +0.06% |
| 2011-12-31 | $2.17 Billion | +7.26% |
| 2010-12-31 | $2.02 Billion | +7.29% |
| 2009-12-31 | $1.89 Billion | +19.62% |
| 2008-12-31 | $1.58 Billion | +3.20% |
| 2007-12-31 | $1.53 Billion | +5.93% |
| 2006-12-31 | $1.44 Billion | +7.79% |
| 2005-12-31 | $1.34 Billion | -6.24% |
| 2004-12-31 | $1.43 Billion | -1.66% |
| 2003-12-31 | $1.45 Billion | +2.44% |
| 2002-12-31 | $1.42 Billion | +11.30% |
| 2001-12-31 | $1.27 Billion | +11.25% |
| 2000-12-31 | $1.14 Billion | +5.92% |
| 1999-12-31 | $1.08 Billion | -0.09% |
| 1998-12-31 | $1.08 Billion | +10.20% |
| 1997-12-31 | $980.80 Million | +6.11% |
| 1996-12-31 | $924.30 Million | +4.58% |
| 1995-12-31 | $883.80 Million | +21.27% |
| 1994-12-31 | $728.80 Million | +2.22% |
| 1993-12-31 | $713.00 Million | +18.03% |
| 1992-12-31 | $604.10 Million | +18.96% |
| 1991-12-31 | $507.80 Million | +10.80% |
| 1990-12-31 | $458.30 Million | +15.01% |
| 1989-12-31 | $398.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Commerce Bancshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 57.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $131.83 Million | 3.48% |
| Common Stock | $692.94 Million | 18.28% |
| Other Comprehensive Income | $-507.69 Million | -13.39% |
| Other Components | $3.47 Billion | 91.64% |
| Total Equity | $3.79 Billion | 100.00% |
Commerce Bancshares Inc Competitors by Market Cap
The table below lists competitors of Commerce Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Industrial Securities Co Ltd
SHG:601377
|
$7.67 Billion |
|
SHIMANO INC. UNSP.ADR/10
F:SHM1
|
$7.68 Billion |
|
Voestalpine AG
VI:VOE
|
$7.68 Billion |
|
China Natl Chem Engineering Co
SHG:601117
|
$7.68 Billion |
|
Als Ltd
AU:ALQ
|
$7.67 Billion |
|
AptarGroup Inc
NYSE:ATR
|
$7.66 Billion |
|
Shenzhen Kedali Industry Co Ltd
SHE:002850
|
$7.66 Billion |
|
NIBE INDUSTR. UNSP.ADR/1
F:NJB0
|
$7.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Commerce Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,309,881,000 to 3,791,371,000, a change of 481,490,000 (14.5%).
- Net income of 566,251,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 251,221,000.
- Other factors decreased equity by 335,982,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $566.25 Million | +14.94% |
| Other Comprehensive Income | $251.22 Million | +6.63% |
| Other Changes | $-335.98 Million | -8.86% |
| Total Change | $- | 14.55% |
Book Value vs Market Value Analysis
This analysis compares Commerce Bancshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.91x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 25.69x to 1.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $2.03 | $52.03 | x |
| 1990-12-31 | $2.38 | $52.03 | x |
| 1991-12-31 | $2.57 | $52.03 | x |
| 1992-12-31 | $2.97 | $52.03 | x |
| 1993-12-31 | $3.31 | $52.03 | x |
| 1994-12-31 | $3.30 | $52.03 | x |
| 1995-12-31 | $3.77 | $52.03 | x |
| 1996-12-31 | $4.06 | $52.03 | x |
| 1997-12-31 | $4.43 | $52.03 | x |
| 1998-12-31 | $4.96 | $52.03 | x |
| 1999-12-31 | $4.98 | $52.03 | x |
| 2000-12-31 | $5.38 | $52.03 | x |
| 2001-12-31 | $6.09 | $52.03 | x |
| 2002-12-31 | $6.90 | $52.03 | x |
| 2003-12-31 | $7.44 | $52.03 | x |
| 2004-12-31 | $7.56 | $52.03 | x |
| 2005-12-31 | $7.50 | $52.03 | x |
| 2006-12-31 | $8.41 | $52.03 | x |
| 2007-12-31 | $9.11 | $52.03 | x |
| 2008-12-31 | $9.49 | $52.03 | x |
| 2009-12-31 | $11.10 | $52.03 | x |
| 2010-12-31 | $11.61 | $52.03 | x |
| 2011-12-31 | $12.68 | $52.03 | x |
| 2012-12-31 | $13.04 | $52.03 | x |
| 2013-12-31 | $13.52 | $52.03 | x |
| 2014-12-31 | $16.03 | $52.03 | x |
| 2015-12-31 | $16.87 | $52.03 | x |
| 2016-12-31 | $18.32 | $52.03 | x |
| 2017-12-31 | $19.89 | $52.03 | x |
| 2018-12-31 | $21.53 | $52.03 | x |
| 2019-12-31 | $22.61 | $52.03 | x |
| 2020-12-31 | $25.17 | $52.03 | x |
| 2021-12-31 | $25.57 | $52.03 | x |
| 2022-12-31 | $18.70 | $52.03 | x |
| 2023-12-31 | $21.56 | $52.03 | x |
| 2024-12-31 | $24.63 | $52.03 | x |
| 2025-12-31 | $27.30 | $52.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Commerce Bancshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.94%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.46%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 8.68x
- Recent ROE (14.94%) is above the historical average (13.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 14.82% | 10.39% | 0.10x | 14.65x | $19.20 Million |
| 1990 | 13.00% | 9.94% | 0.09x | 14.66x | $13.72 Million |
| 1991 | 11.79% | 10.07% | 0.09x | 13.34x | $9.07 Million |
| 1992 | 11.88% | 12.82% | 0.07x | 12.49x | $11.33 Million |
| 1993 | 12.19% | 14.94% | 0.07x | 11.29x | $15.64 Million |
| 1994 | 13.19% | 15.47% | 0.08x | 11.03x | $23.26 Million |
| 1995 | 12.17% | 14.08% | 0.08x | 10.83x | $19.22 Million |
| 1996 | 12.93% | 14.81% | 0.08x | 10.49x | $27.07 Million |
| 1997 | 13.53% | 15.38% | 0.08x | 10.51x | $34.62 Million |
| 1998 | 13.89% | 15.93% | 0.08x | 10.55x | $42.02 Million |
| 1999 | 15.39% | 16.84% | 0.09x | 10.56x | $58.22 Million |
| 2000 | 15.61% | 16.71% | 0.10x | 9.72x | $64.20 Million |
| 2001 | 14.30% | 17.72% | 0.08x | 10.14x | $54.73 Million |
| 2002 | 14.09% | 21.38% | 0.07x | 9.40x | $57.86 Million |
| 2003 | 14.23% | 22.47% | 0.06x | 9.85x | $61.43 Million |
| 2004 | 15.44% | 23.52% | 0.07x | 9.99x | $77.65 Million |
| 2005 | 16.69% | 21.49% | 0.07x | 10.38x | $89.46 Million |
| 2006 | 15.24% | 18.41% | 0.08x | 10.56x | $75.63 Million |
| 2007 | 13.53% | 15.80% | 0.08x | 10.61x | $53.89 Million |
| 2008 | 11.97% | 15.39% | 0.07x | 11.12x | $30.99 Million |
| 2009 | 8.97% | 14.35% | 0.07x | 9.62x | $-19.35 Million |
| 2010 | 10.96% | 19.48% | 0.06x | 9.15x | $19.51 Million |
| 2011 | 11.83% | 23.27% | 0.05x | 9.53x | $39.74 Million |
| 2012 | 12.43% | 24.88% | 0.05x | 10.23x | $52.62 Million |
| 2013 | 11.80% | 24.52% | 0.05x | 10.44x | $39.90 Million |
| 2014 | 11.23% | 23.82% | 0.05x | 10.30x | $28.73 Million |
| 2015 | 11.17% | 23.61% | 0.05x | 10.42x | $27.53 Million |
| 2016 | 11.03% | 23.75% | 0.05x | 10.27x | $25.81 Million |
| 2017 | 11.76% | 25.27% | 0.05x | 9.14x | $47.73 Million |
| 2018 | 14.79% | 31.19% | 0.05x | 8.69x | $140.41 Million |
| 2019 | 13.44% | 28.99% | 0.06x | 8.32x | $107.76 Million |
| 2020 | 10.42% | 25.48% | 0.04x | 9.69x | $14.35 Million |
| 2021 | 15.44% | 36.89% | 0.04x | 10.67x | $187.04 Million |
| 2022 | 19.81% | 31.19% | 0.05x | 12.93x | $241.87 Million |
| 2023 | 16.20% | 24.22% | 0.06x | 10.77x | $182.65 Million |
| 2024 | 15.90% | 25.15% | 0.07x | 9.67x | $195.34 Million |
| 2025 | 14.94% | 26.46% | 0.07x | 8.68x | $187.11 Million |
Industry Comparison
This section compares Commerce Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Commerce Bancshares Inc (CBSH) | $3.81 Billion | 14.82% | 7.63x | $7.67 Billion |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Commerce Bancshares Inc
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consum… Read more