Sifting through countless of stocks in the Banks industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Commerce Bancshares, Inc., Cullen/Frost Bankers or Inc. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc. compare based on key financial metrics to determine which better meets your investment needs.

About Commerce Bancshares, Inc., Cullen/Frost Bankers and 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: Retail Banking, Commercial, and Wealth. The Retail Banking segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; retail branch network; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.

Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services. It also provides consumer banking services, such as checking accounts, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, first mortgage loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. In addition, the company offers international banking services comprising deposits, loans, letters of credit, foreign collections, funds transmitting, and foreign exchange services; correspondent banking activities, including check clearing, transfer of funds, fixed income security services, and securities custody and clearance services. Further, it offers trust, investment, agency, and custodial services for individual and corporate clients; capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and support for international business activities, including foreign exchange, letters of credit, export-import financing, and other related activities. Additionally, the company offers insurance and securities brokerage services; holding of securities for investment purposes; and investment management services for mutual funds, institutions, and individuals. It serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.

Latest Banks and Commerce Bancshares, Inc., Cullen/Frost Bankers, Inc. Stock News

As of September 1, 2026, Commerce Bancshares, Inc. had a $8.2 billion market capitalization, compared to the Banks median of $730.8 million. Commerce Bancshares, Inc.’s stock is up 10.7% in 2026, down 0.9% in the previous five trading days and down 3.14% in the past year.

Currently, Commerce Bancshares, Inc.’s price-earnings ratio is 14.0. Commerce Bancshares, Inc.’s trailing 12-month revenue is $1.8 billion with a 31.6% net profit margin. Year-over-year quarterly sales growth most recently was 14.2%. Analysts expect adjusted earnings to reach $4.304 per share for the current fiscal year. Commerce Bancshares, Inc. currently has a 1.9% dividend yield.

As of September 1, 2026, Cullen/Frost Bankers, Inc. had a $9.8 billion market cap, putting it in the 77th percentile of all stocks. Cullen/Frost Bankers, Inc.’s stock is up 27.7% in 2026, down 1% in the previous five trading days and up 22.7% in the past year.

Currently, Cullen/Frost Bankers, Inc.’s price-earnings ratio is 15.0. Cullen/Frost Bankers, Inc.’s trailing 12-month revenue is $2.3 billion with a 30.2% net profit margin. Year-over-year quarterly sales growth most recently was 6.1%. Analysts expect adjusted earnings to reach $10.984 per share for the current fiscal year. Cullen/Frost Bankers, Inc. currently has a 2.6% dividend yield.

How We Compare Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc.’s stock grades to see how they measure up against one another.

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Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc. Stock Value Grades

Company	Ticker	Value
Commerce Bancshares, Inc.	CBSH	C
Cullen/Frost Bankers, Inc.	CFR	C

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Commerce Bancshares, Inc. has a Value Score of 52, which is Average. Cullen/Frost Bankers, Inc. has a Value Score of 44, which is Average.

The Value Stock Winner: No Clear Winner

Neither Commerce Bancshares, Inc., Cullen/Frost Bankers or Inc. has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if Commerce Bancshares, Inc., Cullen/Frost Bankers or Inc. is the better investment when it comes to value.

Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc.’s Quality Grades

Company	Ticker	Quality
Commerce Bancshares, Inc.	CBSH	F
Cullen/Frost Bankers, Inc.	CFR	D

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Commerce Bancshares, Inc. has a Quality Score of 11, which is Very Weak. Cullen/Frost Bankers, Inc. has a Quality Score of 30, which is Weak.

The Quality Stock Winner: No Clear Winner

Neither Commerce Bancshares, Inc., Cullen/Frost Bankers or Inc. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Commerce Bancshares, Inc., Cullen/Frost Bankers or Inc. is the better investment when it comes to quality.

Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Commerce Bancshares, Inc.	CBSH	B
Cullen/Frost Bankers, Inc.	CFR	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Commerce Bancshares, Inc. has a Earnings Estimate Score of 65, which is Positive. Cullen/Frost Bankers, Inc. has a Earnings Estimate Score of 56, which is Neutral.

The Earnings Estimate Revisions Grade Winner: Commerce Bancshares, Inc.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Commerce Bancshares, Inc. has a better Earnings Estimate Revisions Grade than Cullen/Frost Bankers, Inc.. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Commerce Bancshares, Inc. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc. Grades

In addition to Quality, Value and Estimate Revisions, A+ Investor also provides grades for Growth and Momentum.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Commerce Bancshares, Inc., Cullen/Frost Bankers or Inc. Stock?

Overall, Commerce Bancshares, Inc. stock has a Value Score of 52, Estimate Revisions Score of 65 and Quality Score of 11.

Cullen/Frost Bankers, Inc. stock has a Value Score of 44, Estimate Revisions Score of 56 and Quality Score of 30.

Comparing Commerce Bancshares, Inc., Cullen/Frost Bankers and Inc.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.