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Commerce Bancshares vs Hancock Whitney: CBSH and HWC compared
Commerce Bancshares is the larger company: $494M of revenue in its latest quarter (Q3 2026) against $420M for Hancock Whitney (Q3 2026). Commerce Bancshares is growing faster (+12% against +9% a year earlier). Commerce Bancshares is more profitable, with an operating margin of 41.0% against 33.8%.
Where the money goes: CBSH and HWC
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.
Hancock Whitney (HWC) · Q3 2026
Hancock Whitney, Q3 2026: revenue $420M (+9% year over year), operating margin 33.8%, net earnings $110M, operating cash flow $260M. The chart follows the revenue to costs, profit and cash.
| Commerce Bancshares (CBSH) | Hancock Whitney (HWC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $494M | $420M |
| Revenue growth, Y/Y | +12% | +9% |
| Operating margin | 41.0% | 33.8% |
| Net earnings | $155M | $110M |
| Net margin | 31.4% | 26.2% |
| Operating cash flow | $221M | $260M |
| Free cash flow | $181M | $255M |
| Market value | $7.8B | $5.8B |
| P/E | 13.1× | 14.2× |
| Analysts’ mean target | $64.28 | $84.72 |
Where the revenue comes from
Commerce Bancshares
- Net interest income: $309M (62%)
- Noninterest income: $185M (38%)
Hancock Whitney
- Net interest income: $313M (75%)
- Noninterest income: $107M (25%)
Questions
Which is bigger, Commerce Bancshares or Hancock Whitney?
Commerce Bancshares is the larger company: $494M of revenue in its latest quarter (Q3 2026) against $420M for Hancock Whitney (Q3 2026).
Is Commerce Bancshares or Hancock Whitney growing faster?
Commerce Bancshares is growing faster (+12% against +9% a year earlier).
Which is more profitable, Commerce Bancshares or Hancock Whitney?
Commerce Bancshares is more profitable, with an operating margin of 41.0% against 33.8%.
More: Commerce Bancshares earnings · how Commerce Bancshares makes money · Hancock Whitney earnings · how Hancock Whitney makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.