MEDIUMBuilt-inGeographic
Missouri, Kansas, and central Illinois
“10-K Item 1A: 'the Company provides financial services primarily throughout the states of Missouri, Kansas, central Illinois, Oklahoma, and Colorado'”
CBSH · Concentration risk · 10-K extracted
Commerce Bancshares (CBSH) concentration risks
Updated
The most significant concentration Commerce Bancshares discloses is Missouri, Kansas, and central Illinois, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Commerce Bancshares’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration is a single geographic exposure: it provides financial services primarily throughout Missouri, Kansas, central Illinois, Oklahoma, and Colorado — a medium-share geographic concentration by disclosed size with a structural character. The footprint reflects the institution's long-standing regional identity as a Midwest-focused commercial and retail bank, and it is not a temporary or incidental positioning — it is the strategy. The structural nature of this tilt means that broad economic conditions, real estate markets, agricultural cycles, and employment trends in these states are the dominant environmental variables driving loan performance and deposit growth. A regional recession or a sustained agricultural downturn affecting the core Midwest footprint would have a more pronounced effect on results than comparable national averages would suggest. Because this is the only disclosed concentration in the filing, the overall profile is narrow. There are no loan-type, customer, counterparty, or product concentrations layered on top of the geographic exposure. The medium-share band at the geographic level suggests the footprint, while regionalized, is spread across multiple states and therefore not critically dependent on any single market within the region. On balance, the disclosed concentration is a standard regional bank characteristic rather than an idiosyncratic or alarming feature. It argues for monitoring regional economic indicators — particularly commercial real estate conditions, agricultural commodity prices, and employment levels across Missouri, Kansas, and central Illinois — as the most direct proxies for portfolio credit quality, rather than any single-name counterparty or product-specific risk.
For the engine’s reasoning on CBSH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| CBSH● | Commerce Bancshares, Inc. | 0 | 1 | 0 | 1 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.