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Commerce Bancshares vs Atlantic Union Bankshares: CBSH and AUB compared
Commerce Bancshares is the larger company: $494M of revenue in its latest quarter (Q3 2026) against $383M for Atlantic Union Bankshares (Q3 2026). Commerce Bancshares is growing faster (+12% against +3% a year earlier). Atlantic Union Bankshares is more profitable, with an operating margin of 45.2% against 41.0%.
Where the money goes: CBSH and AUB
Commerce Bancshares (CBSH) · Q3 2026
Commerce Bancshares, Q3 2026: revenue $494M (+12% year over year), operating margin 41.0%, net earnings $155M, operating cash flow $221M. The chart follows the revenue to costs, profit and cash.
Atlantic Union Bankshares (AUB) · Q3 2026
Atlantic Union Bankshares, Q3 2026: revenue $383M (+3% year over year), operating margin 45.2%, net earnings $137M, operating cash flow $182M. The chart follows the revenue to costs, profit and cash.
| Commerce Bancshares (CBSH) | Atlantic Union Bankshares (AUB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $494M | $383M |
| Revenue growth, Y/Y | +12% | +3% |
| Operating margin | 41.0% | 45.2% |
| Net earnings | $155M | $137M |
| Net margin | 31.4% | 35.7% |
| Operating cash flow | $221M | $182M |
| Free cash flow | $181M | — |
| Market value | $7.8B | $5.7B |
| P/E | 13.1× | 11.0× |
| Analysts’ mean target | $64.28 | $45.62 |
Where the revenue comes from
Commerce Bancshares
- Net interest income: $309M (62%)
- Noninterest income: $185M (38%)
Atlantic Union Bankshares
- Net interest income: $328M (86%)
- Noninterest income: $54.8M (14%)
Questions
Which is bigger, Commerce Bancshares or Atlantic Union Bankshares?
Commerce Bancshares is the larger company: $494M of revenue in its latest quarter (Q3 2026) against $383M for Atlantic Union Bankshares (Q3 2026).
Is Commerce Bancshares or Atlantic Union Bankshares growing faster?
Commerce Bancshares is growing faster (+12% against +3% a year earlier).
Which is more profitable, Commerce Bancshares or Atlantic Union Bankshares?
Atlantic Union Bankshares is more profitable, with an operating margin of 45.2% against 41.0%.
More: Commerce Bancshares earnings · how Commerce Bancshares makes money · Atlantic Union Bankshares earnings · how Atlantic Union Bankshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.