CBSHNasdaqState Commercial BanksFiscal year ends December 31
COMMERCE BANCSHARES INC /MO/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$55.69+0.13 (+0.23%)
Close on Oct 16, 2026
- Market cap
- –
- P/E (TTM)
- 13.8
- Dividend yield
- 1.88%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
76.0%
109M of 143M shares
Institutional holders
508
88 new, 50 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
1 buys · 16 sales
Net sold $4.05M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vanguard Portfolio Management | 8,821,011 | 6.00% | 13G (passive) | Mar 31, 2026 |
| Commerce Bank | 8,462,359 | 6.20% | 13G (passive) | Dec 31, 2025 |
| State Street Corporation | 7,353,946 | 5.00% | 13G (passive) | Jun 30, 2026 |
| BlackRock, Inc. | 10,983,168 | 8.80% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CBSH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 13,085,173 | 9.12% | $755.67M | +150,421 | 0.01% |
| Vanguard Portfolio Management LLC | 9,024,602 | 6.29% | $521.17M | +220,068 | 0.02% |
| State Street Corp | 7,353,946 | 5.13% | $424.70M | +287,400 | 0.01% |
| Aqr Capital Management LLC | 6,544,830 | 4.56% | $377.96M | +4,681,238 | 0.13% |
| Vanguard Capital Management LLC | 6,214,564 | 4.33% | $358.89M | −11,581 | 0.01% |
| American Century Companies Inc | 5,937,371 | 4.14% | $342.88M | −286,420 | 0.15% |
| Commerce Bank | 5,472,030 | 3.82% | $316.01M | −1,538,259 | 1.39% |
| Dimensional Fund Advisors LP | 4,164,812 | 2.90% | $240.52M | +221,565 | 0.04% |
| Geode Capital Management, LLC | 3,008,073 | 2.10% | $173.76M | +32,775 | 0.01% |
| First Trust Advisors LP | 2,253,013 | 1.57% | $130.11M | −357,210 | 0.08% |
| Boston Trust Walden Corp | 2,114,015 | 1.47% | $122.08M | +179,879 | 0.93% |
| Citadel Advisors LLC | 2,075,423 | 1.45% | $119.86M | +1,327,582 | 0.01% |
| Morgan Stanley | 2,012,537 | 1.40% | $116.22M | −280,265 | 0.01% |
| Wells Fargo & Company/Mn | 1,937,739 | 1.35% | $111.90M | −129,222 | 0.02% |
| Norges Bank | 1,709,540 | 1.19% | $98.73M | New | 0.01% |
| Victory Capital Management Inc | 1,557,569 | 1.09% | $89.95M | +290,751 | 0.05% |
| Bank Of America Corp /De/ | 1,442,908 | 1.01% | $83.33M | +410,897 | 0.01% |
| UBS Group AG | 1,425,489 | 0.99% | $82.32M | +120,908 | 0.01% |
| JPMorgan Chase & Co | 1,354,109 | 0.94% | $79.04M | −258,991 | 0.00% |
| Northern Trust Corp | 1,260,549 | 0.88% | $72.80M | +25,240 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 508 | 109M | 76.0% | 88 / 178 | 146 / 50 | 15M | 10M |
| Q1 2026 | 475 | 104M | 72.6% | 79 / 169 | 149 / 54 | 28M | 9M |
| Q4 2025 | 457 | 100M | 69.5% | 57 / 266 | 122 / 64 | 15M | 11M |
| Q3 2025 | 473 | 96M | 67.0% | 46 / 187 | 141 / 57 | 10M | 10M |
| Q2 2025 | 489 | 96M | 66.6% | 77 / 152 | 168 / 49 | 6M | 6M |
| Q1 2025 | 464 | 95M | 66.2% | 48 / 138 | 190 / 46 | 4M | 4M |
| Q4 2024 | 466 | 95M | 66.1% | 76 / 290 | 87 / 47 | 10M | 6M |
| Q3 2024 | 443 | 91M | 63.7% | 76 / 141 | 142 / 23 | 16M | 6M |
| Q2 2024 | 395 | 92M | 64.5% | 59 / 129 | 131 / 40 | 5M | 10M |
| Q1 2024 | 382 | 98M | 68.1% | 32 / 123 | 152 / 43 | 6M | 4M |
| Q4 2023 | 395 | 96M | 66.8% | 60 / 222 | 104 / 44 | 12M | 3M |
| Q3 2023 | 383 | 87M | 60.6% | 42 / 120 | 146 / 49 | 4M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CBSH | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 4,635,152 | 3.23% | $267.68M | 0.22% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 4,390,419 | 3.06% | $253.55M | 0.01% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 3,174,021 | 2.21% | $183.30M | 0.10% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 2,011,925 | 1.40% | $116.19M | 0.17% | Jun 30, 2026 |
| Mid Cap Value Fund | 1,968,893 | 1.37% | $113.70M | 2.01% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,553,404 | 1.08% | $89.71M | 0.09% | Jun 30, 2026 |
| Vanguard Equity Income Fund | 1,545,038 | 1.08% | $89.23M | 0.14% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Dividend ETF | 1,370,546 | 0.96% | $79.15M | 0.37% | Jun 30, 2026 |
| First Trust SMID Cap Rising Dividend Achievers ETF | 1,285,136 | 0.90% | $74.22M | 0.65% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 1,098,024 | 0.77% | $63.41M | 1.34% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 786,318 | 0.55% | $46.61M | 0.28% | Jul 31, 2026 |
| Focused Large Cap Value Fund | 774,871 | 0.54% | $44.75M | 1.53% | Jun 30, 2026 |
| Vanguard Dividend Appreciation Index Fund | 767,095 | 0.53% | $45.47M | 0.03% | Jul 31, 2026 |
| Equity Income Fund | 724,775 | 0.51% | $41.86M | 0.65% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 687,708 | 0.48% | $35.91M | 0.08% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| David W. Kemper | Executive Chairman, Director | 1,759,922 | 1.23% | Sep 24, 2026 |
| John W. Kemper | President and CEO, Director | 500,909 | 0.35% | Jul 30, 2026 |
| Kevin G. Barth | Executive Vice President | 180,369 | 0.13% | Sep 24, 2026 |
| Jennifer B. Upton | Senior Vice President | 1,630 | 0.00% | Sep 9, 2026 |
| Douglas D. Neff | Senior Vice President | 12,468 | 0.01% | Aug 31, 2026 |
| David L. Orf | Exec. Vice President & CCO | 49,944 | 0.03% | Aug 18, 2026 |
| David L. Roller | Senior Vice President | 33,541 | 0.02% | Aug 6, 2026 |
| Robert S. Holmes | Executive Vice President | 55,962 | 0.04% | Jul 31, 2026 |
| Derrick Brooks | Senior Vice President | 13,117 | 0.01% | Jul 29, 2026 |
| Charles G. Kim | Exec. Vice President and CFO | 200,817 | 0.14% | Jul 29, 2026 |
| Steven A. Brandjord | Controller | 5,083 | 0.00% | May 21, 2026 |
| Paula S. Petersen | Senior Vice President | 48,669 | 0.03% | Mar 11, 2026 |
| Margaret M. Rowe | Senior Vice President | 23,443 | 0.02% | Mar 9, 2026 |
| Kim L. Jakovich | Senior Vice President | 14,204 | 0.01% | Mar 9, 2026 |
| Richard W. Heise | Senior Vice President | 21,033 | 0.01% | Mar 5, 2026 |
| Paul A. Steiner | Controller | 13,446 | 0.01% | Mar 4, 2026 |
| John K. Handy | Executive Vice President | 62,774 | 0.04% | Feb 5, 2026 |
| Patricia R. Kellerhals | Senior Vice President | 47,279 | 0.03% | May 14, 2025 |
| June McAllister Fowler | Director | 6,233 | 0.00% | Jun 18, 2026 |
| Blackford F. Brauer | Director | 46,941 | 0.03% | Jun 2, 2026 |
| Alaina G. Macia | Director | 2,095 | 0.00% | Jun 2, 2026 |
| Christine B. Taylor | Director | 10,317 | 0.01% | Jun 2, 2026 |
| Todd R. Schnuck | Director | 34,135 | 0.02% | Jun 2, 2026 |
| William Kyle Chapman | Director | 10,126 | 0.01% | Jun 2, 2026 |
| Karen L. Daniel | Director | 20,305 | 0.01% | Jun 2, 2026 |
| Terry D. Bassham | Director | 30,026 | 0.02% | Jun 2, 2026 |
| Timothy S. Dunn | Director | 6,255 | 0.00% | Jun 2, 2026 |
| Benjamin F. Rassieur Iii | Director | 42,946 | 0.03% | Mar 3, 2026 |
| Jonathan M. Kemper | Director | 1,664,571 | 1.16% | Sep 3, 2025 |
| Earl H. Devanny Iii | Director | 32,088 | 0.02% | Mar 4, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| David W. Kemper Executive Chairman, Director | Sep 22, 2026 | Award | +128 | $56.64 | $7.25K | 26,565 |
| Kevin G. Barth Executive Vice President | Sep 22, 2026 | Award | +118 | $56.64 | $6.68K | 24,374 |
| Jennifer B. Upton Senior Vice President | Sep 4, 2026 | Option exercise | +220 | $37.91 | $8.34K | 1,850 |
| Jennifer B. Upton Senior Vice President | Sep 4, 2026 | Option exercise | +220 | $39.14 | $8.61K | 2,070 |
| Jennifer B. Upton Senior Vice President | Sep 4, 2026 | Tax withholding | −21 | $58.52 | $1.23K | 2,026 |
| Jennifer B. Upton Senior Vice President | Sep 4, 2026 | Returned to company | −143 | $58.51 | $8.37K | 1,883 |
| Jennifer B. Upton Senior Vice President | Sep 4, 2026 | Returned to company | −148 | $58.52 | $8.66K | 1,735 |
| Jennifer B. Upton Senior Vice President | Sep 4, 2026 | Tax withholding | −23 | $58.51 | $1.35K | 2,047 |
| Douglas D. Neff Senior Vice President | Aug 27, 2026 | Sale | −666 | $58.15 | $38.73K | 11,746 |
| Douglas D. Neff Senior Vice President | Aug 27, 2026 | Option exercise | +1,396 | $39.14 | $54.64K | 14,535 |
| Douglas D. Neff Senior Vice President | Aug 27, 2026 | Tax withholding | −273 | $58.10 | $15.86K | 14,262 |
| Douglas D. Neff Senior Vice President | Aug 27, 2026 | Returned to company | −1,850 | $58.10 | $107.49K | 12,412 |
| Douglas D. Neff Senior Vice President | Aug 27, 2026 | Option exercise | +1,393 | $37.91 | $52.81K | 13,139 |
| David L. Orf Exec. Vice President & CCO | Aug 14, 2026 | Sale | −642 | $60.35 | $38.74K | 24,962 |
| David L. Orf Exec. Vice President & CCO | Aug 14, 2026 | Option exercise | +1,353 | $39.14 | $52.96K | 27,509 |
| David L. Orf Exec. Vice President & CCO | Aug 14, 2026 | Tax withholding | −275 | $60.31 | $16.59K | 27,234 |
| David L. Orf Exec. Vice President & CCO | Aug 14, 2026 | Returned to company | −1,630 | $60.31 | $98.31K | 25,604 |
| David L. Orf Exec. Vice President & CCO | Aug 14, 2026 | Option exercise | +1,194 | $37.91 | $45.26K | 26,156 |
| David L. Roller Senior Vice President | Aug 4, 2026 | Returned to company | −2,320 | $60.32 | $139.94K | 31,365 |
| David L. Roller Senior Vice President | Aug 4, 2026 | Sale | −830 | $60.28 | $50.03K | 30,535 |
| David L. Roller Senior Vice President | Aug 4, 2026 | Tax withholding | −357 | $60.32 | $21.53K | 33,685 |
| David L. Roller Senior Vice President | Aug 4, 2026 | Option exercise | +3,507 | $39.90 | $139.93K | 34,042 |
| Robert S. Holmes Executive Vice President | Jul 30, 2026 | Sale | −5,000 | $60.20 | $301.00K | 55,962 |
| John W. Kemper President and CEO, Director | Jul 29, 2026 | Option exercise | +10,289 | $36.44 | $374.93K | 216,817 |
| John W. Kemper President and CEO, Director | Jul 29, 2026 | Returned to company | −10,594 | $60.63 | $642.31K | 212,358 |
| John W. Kemper President and CEO, Director | Jul 29, 2026 | Option exercise | +16,097 | $39.90 | $642.27K | 232,914 |
| John W. Kemper President and CEO, Director | Jul 29, 2026 | Sale | −5,830 | $60.58 | $353.18K | 206,528 |
| John W. Kemper President and CEO, Director | Jul 29, 2026 | Returned to company | −6,179 | $60.68 | $374.94K | 222,952 |
| John W. Kemper President and CEO, Director | Jul 29, 2026 | Tax withholding | −2,165 | $60.63 | $131.26K | 229,131 |
| John W. Kemper President and CEO, Director | Jul 29, 2026 | Tax withholding | −1,618 | $60.68 | $98.18K | 231,296 |
| Derrick Brooks Senior Vice President | Jul 28, 2026 | Sale | −1,041 | $59.64 | $62.09K | 13,117 |
| Derrick Brooks Senior Vice President | Jul 27, 2026 | Tax withholding | −427 | $59.00 | $25.19K | 14,158 |
| Charles G. Kim Exec. Vice President and CFO | Jul 27, 2026 | Tax withholding | −1,646 | $59.43 | $97.82K | 145,106 |
| Charles G. Kim Exec. Vice President and CFO | Jul 27, 2026 | Returned to company | −5,925 | $59.43 | $352.12K | 139,181 |
| Charles G. Kim Exec. Vice President and CFO | Jul 27, 2026 | Sale | −19,771 | $59.18 | $1.17M | 119,410 |
| Charles G. Kim Exec. Vice President and CFO | Jul 27, 2026 | Option exercise | +9,662 | $36.44 | $352.08K | 146,752 |
| Kevin G. Barth Executive Vice President | Jul 1, 2026 | Award | +44,262 | $58.74 | $2.60M | 89,007 |
| Charles G. Kim Exec. Vice President and CFO | Jul 1, 2026 | Award | +44,262 | $58.74 | $2.60M | 137,090 |
| Kevin G. Barth Executive Vice President | Jun 23, 2026 | Award | +120 | $55.29 | $6.63K | 24,256 |
| David W. Kemper Executive Chairman, Director | Jun 23, 2026 | Award | +131 | $55.29 | $7.24K | 26,437 |
| June McAllister Fowler Director | Jun 16, 2026 | Sale | −200 | $55.04 | $11.01K | 6,233 |
| Christine B. Taylor Director | May 29, 2026 | Award | +646 | $52.22 | $33.73K | 10,317 |
| Blackford F. Brauer Director | May 29, 2026 | Award | +718 | $52.22 | $37.49K | 46,941 |
| Terry D. Bassham Director | May 29, 2026 | Award | +718 | $52.22 | $37.49K | 30,026 |
| June McAllister Fowler Director | May 29, 2026 | Award | +646 | $52.22 | $33.73K | 6,433 |
| Karen L. Daniel Director | May 29, 2026 | Award | +886 | $52.22 | $46.27K | 20,305 |
| Todd R. Schnuck Director | May 29, 2026 | Award | +790 | $52.22 | $41.25K | 34,135 |
| William Kyle Chapman Director | May 29, 2026 | Award | +646 | $52.22 | $33.73K | 10,126 |
| Timothy S. Dunn Director | May 29, 2026 | Award | +718 | $52.22 | $37.49K | 6,255 |
| Alaina G. Macia Director | May 29, 2026 | Award | +646 | $52.22 | $33.73K | 2,095 |
| David W. Kemper Executive Chairman, Director | Mar 24, 2026 | Award | +150 | $48.09 | $7.21K | 26,306 |
| Kevin G. Barth Executive Vice President | Mar 24, 2026 | Award | +137 | $48.09 | $6.59K | 24,136 |
| Timothy S. Dunn Director | Mar 13, 2026 | Buy | +2,500 | $47.71 | $119.28K | 5,403 |
| Paula S. Petersen Senior Vice President | Mar 10, 2026 | Gift | −250 | – | – | 43,737 |
| Margaret M. Rowe Senior Vice President | Mar 5, 2026 | Sale | −861 | $51.69 | $44.51K | 5,742 |
| Kim L. Jakovich Senior Vice President | Mar 5, 2026 | Sale | −949 | $51.45 | $48.83K | 12,741 |
| Margaret M. Rowe Senior Vice President | Mar 4, 2026 | Tax withholding | −181 | $52.25 | $9.46K | 6,603 |
| Kim L. Jakovich Senior Vice President | Mar 4, 2026 | Tax withholding | −176 | $52.25 | $9.20K | 13,690 |
| Margaret M. Rowe Senior Vice President | Mar 3, 2026 | Tax withholding | −301 | $51.61 | $15.53K | 6,784 |
| Kim L. Jakovich Senior Vice President | Mar 3, 2026 | Tax withholding | −322 | $51.61 | $16.62K | 13,866 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Douglas D. Neff Officer | Aug 27, 2026 | 666 | $38.72K | Aug 27, 2026 | SAR |
| David L. Orf Officer | Aug 14, 2026 | 642 | $38.74K | Aug 14, 2026 | SAR |
| David L. Roller Officer | Aug 4, 2026 | 830 | $50.03K | Aug 4, 2026 | SAR |
| Robert S. Holmes Officer | Jul 30, 2026 | 5,000 | $301.00K | Jul 30, 2026 | Restricted Stock Vesting |
| John W. Kemper Officer, Director | Jul 29, 2026 | 5,830 | $353.19K | Jul 29, 2026 | SAR |
| Derrick Brooks Officer | Jul 28, 2026 | 1,041 | $62.08K | Jul 28, 2026 | Restricted Stock Vesting |
| Charles G. Kim Officer | Jul 27, 2026 | 39,731 | $2.35M | Jul 27, 2026 | Restricted Stock Vesting |
| June McAllister Fowler Director | Jun 16, 2026 | 200 | $11.01K | Jun 16, 2026 | Restricted Stock Vesting |
| Kim L. Jakovich Officer | Mar 5, 2026 | 949 | $48.83K | Mar 5, 2026 | Restricted Stock Vesting |
| Margaret M. Rowe Officer | Mar 5, 2026 | 861 | $44.50K | Mar 5, 2026 | Restricted Stock Vesting |
| Kevin G. Barth Officer | Feb 11, 2026 | 7,457 | $410.78K | Feb 11, 2026 | Restricted Stock Vesting |
| John W. Kemper Insider | Feb 6, 2026 | 23,397 | $1.26M | Feb 5, 2026 | Free receive |
| Derrick Brooks Officer | Feb 4, 2026 | 1,044 | $56.79K | Feb 4, 2026 | Restricted Stock Vesting |
| David L. Roller Officer | Feb 4, 2026 | 1,134 | $61.78K | Feb 4, 2026 | Restricted Stock Vesting |
| David L. Roller Officer | Feb 3, 2026 | 2,092 | $111.55K | Feb 3, 2026 | Restricted Stock Vesting |