Buyback yield (TTM)
3.30%
Shareholder yield (TTM)
5.45%
5Y share count change
-2.8%
Buyback spend (TTM)
$236.64M
Cumulative buybacks
$2.89B
Key takeaways
- Commerce Bancshares (CBSH) repurchased about $236.64M of stock over the trailing twelve months.
- Diluted share count is down 2.8% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 12.46× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +0.3% per year over the latest 5-year window.
- TTM repurchases used about 24% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Commerce Bancshares (CBSH)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Commerce Bancshares (CBSH)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Commerce Bancshares (CBSH)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Commerce Bancshares (CBSH)
Latest: $207.57M
Overview
2025's annual buyback spend for Commerce Bancshares (CBSH) came in at $207.57M – grew 21.8% year-over-year.
Over 2020–2025 (5 years), Commerce Bancshares buyback spend expanded at a +0.3% compound annual rate, sustaining 2 straight years of year-over-year growth.
Between 2019 and 2025, Commerce Bancshares buyback spend declined 27.1%, falling from $284.90M to $207.57M.
The highest annual buyback spend of $284.90M was reported in 2019. The lowest in the available history was $0.00 in 1989.
Commerce Bancshares Buyback Spend 2025: $207.57M
Commerce Bancshares posted buyback spend of $207.57M in 2025, grew 21.8% from 2024.
Commerce Bancshares Buyback Spend 2024: $170.47M
In 2024, Commerce Bancshares reported buyback spend of $170.47M, surged 123.2% from 2023.
Commerce Bancshares Buyback Spend 2023: $76.37M
Commerce Bancshares buyback spend in 2023 was $76.37M, plunged 59.1% below 2022.
Commerce Bancshares Buyback Spend 2022: $186.62M
2022's buyback spend for Commerce Bancshares came in at $186.62M, surged 44.3% from 2021.
Commerce Bancshares Buyback Spend 2021: $129.36M
Commerce Bancshares buyback spend in 2021 was $129.36M.
See more financial history for Commerce Bancshares (CBSH).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $207.57M | $17.27M | $190.29M | 2.88% | 0.14B | +3.4% | |
| 2024 | $170.47M | $17.03M | $153.44M | 2.15% | 0.13B | -1.6% | |
| 2023 | $76.37M | $17.05M | $59.32M | 1.15% | 0.14B | -1.3% | |
| 2022 | $186.62M | $17.00M | $169.63M | 2.32% | 0.14B | -1.9% | |
| 2021 | $129.36M | $15.41M | $113.95M | 1.62% | 0.14B | -1.2% | |
| 2020 | $204.16M | $14.91M | $189.25M | 2.79% | 0.14B | -2.5% | |
| 2019 | $284.90M | $13.85M | $271.05M | 3.96% | 0.15B | -1.6% | |
| 2018 | $75.23M | $12.84M | $62.39M | 1.25% | 0.15B | -1.1% | |
| 2017 | $17.77M | $12.11M | $5.67M | 0.31% | 0.15B | +0.3% | |
| 2016 | $39.39M | $11.53M | $27.86M | 0.70% | 0.15B | -2.7% | |
| 2015 | $23.18M | $10.15M | $13.03M | 0.59% | 0.15B | -3.7% | |
| 2014 | $210.97M | $8.83M | $202.15M | 5.22% | 0.16B | -2.0% | |
| 2013 | $69.35M | $6.43M | $62.93M | 1.70% | 0.16B | -1.6% | |
| 2012 | $104.91M | $5.00M | $99.91M | 3.43% | 0.17B | -2.7% | |
| 2011 | $101.15M | $4.73M | $96.42M | 3.66% | 0.17B | -1.9% | |
| 2010 | $40.98M | $6.02M | $34.96M | 1.45% | 0.17B | +2.6% | |
| 2009 | $528.00K | $6.64M | −$6.11M | 0.02% | 0.17B | +2.3% | |
| 2008 | $9.49M | $6.39M | $3.10M | 0.35% | 0.17B | -1.0% | |
| 2007 | $128.58M | $6.26M | $122.31M | 4.86% | 0.17B | -2.1% | |
| 2006 | $134.96M | $0.00 | $134.96M | 4.87% | 0.17B | -3.9% | |
| 2005 | $234.50M | $0.00 | $234.50M | 8.16% | 0.18B | -5.5% | |
| 2004 | $173.83M | $0.00 | $173.83M | 6.25% | 0.19B | -3.2% | |
| 2003 | $125.72M | $0.00 | $125.72M | 4.62% | 0.20B | -4.9% | |
| 2002 | $83.88M | $0.00 | $83.88M | 3.90% | 0.21B | -1.8% | |
| 2001 | $58.69M | $0.00 | $58.69M | 2.81% | 0.21B | -1.6% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.21B | -2.1% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.22B | -0.3% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.22B | -1.6% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.22B | -2.8% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.23B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$207.57M
- 2024$170.47M
- 2023$76.37M
- 2022$186.62M
- 2021$129.36M
- 2020$204.16M
- 2019$284.90M
- 2018$75.23M
- 2017$17.77M
- 2016$39.39M
- 2015$23.18M
- 2014$210.97M
- 2013$69.35M
- 2012$104.91M
- 2011$101.15M
- 2010$40.98M
- 2009$528.00K
- 2008$9.49M
- 2007$128.58M
- 2006$134.96M
- 2005$234.50M
- 2004$173.83M
- 2003$125.72M
- 2002$83.88M
- 2001$58.69M
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Commerce Bancshares (CBSH)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 12.46×.
Buybacks vs dividends (share of cash returned) for Commerce Bancshares (CBSH)
How Commerce Bancshares splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Commerce Bancshares, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $968.45M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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