Commerce Bancshares (CBSH) Rides on High Rates Amid Cost Woes

Commerce Bancshares, Inc. (CBSH) remains well-positioned for growth on the back of decent loan demand, high rates and a solid balance sheet. However, deteriorating asset quality and an elevated expense base are headwinds. CBSH's organic expansion efforts have been driving its growth strategy. Revenues witnessed a five-year (2018- 2023) compound annual growth rate (CAGR) of 3.5%. This growth was primarily driven by strong loan balances (which experienced a 4% CAGR over the four-year period ended 2023) and fe ...