Commerce Bancshares, Inc. (CBSH) vs Columbia Banking System, Inc. (COLB)
A side-by-side comparison of Commerce Bancshares, Inc. and Columbia Banking System, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — CBSH vs COLB
growth of $100 · dividends reinvested · last 10yCBSH vs COLB: by the numbers
- •COLB is the larger company ($8.16B vs $8.04B market cap).
- •COLB trades at the lower trailing earnings multiple (11.49 vs 13.42 P/E), one valuation lens rather than an overall verdict.
- •CBSH converts more revenue to profit (26.90% vs 19.96% net margin).
- •COLB grew revenue faster over the past five years (20.01% vs 8.34% CAGR).
- •COLB pays the higher dividend yield (5.13% vs 1.99%).
Metrics side by side
Valuation
| Metric | CBSH | COLB |
|---|---|---|
| P/E ratio | 13.42 | 11.49 |
| Forward P/E | 13.02 | 9.52 |
| PEG ratio | 1.19 | N/A |
| P/S ratio | 3.71 | 2.29 |
| P/B ratio | 1.84 | 1.08 |
Profitability
| Metric | CBSH | COLB |
|---|---|---|
| Operating margin | 35.00% | 26.78% |
| Net margin | 26.90% | 19.96% |
| ROE | 13.39% | 9.41% |
Commerce Bancshares, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Columbia Banking System, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | CBSH | COLB |
|---|---|---|
| Dividend yield | 1.99% | 5.13% |
| Payout ratio | 26.76% | 58.96% |
Growth (annualized)
| Metric | CBSH | COLB |
|---|---|---|
| Revenue CAGR (5Y) | 8.34% | 20.01% |
| EPS CAGR (5Y) | 11.29% | N/A |
| Total return CAGR (5Y) | 1.78% | -0.75% |
Frequently asked
- Which has the lower trailing P/E, CBSH or COLB?
- COLB has the lower trailing P/E: CBSH trades at 13.42 and COLB at 11.49. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CBSH or COLB?
- Over the past five years, COLB grew revenue faster — CBSH at a 8.34% CAGR versus COLB at 20.01%.
- Does CBSH or COLB pay a bigger dividend?
- CBSH yields 1.99% and COLB yields 5.13% based on trailing dividends and the latest price.
- Is CBSH or COLB more profitable?
- CBSH runs the higher net margin — CBSH at 26.90% versus COLB at 19.96%.
- How have CBSH and COLB total returns compared?
- Over the past 10 years, CBSH delivered 8.05% and COLB delivered 2.96% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Commerce Bancshares & Columbia Banking System appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.