Commerce Bancshares (CBSH) vs Old National Bancorp (ONB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Old National Bancorp (ONB) has outperformed Commerce Bancshares (CBSH) over the past year, gaining 13.0% versus a loss of 4.0%. Over five years, ONB leads with a +45.0% price change compared with -8.0% for CBSH. Old National Bancorp is the larger company by market cap ($9.46 billion vs $7.83 billion), about 1.2 times the size.
On valuation, Old National Bancorp trades at a lower forward P/E (8.6x vs 11.9x for Commerce Bancshares). Old National Bancorp offers the higher dividend yield (2.30% vs 1.97%). Commerce Bancshares converts more of its revenue into profit, with a net margin of 3066.8% versus 26.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CBSH | ONB |
|---|---|---|
| Share price | $54.61 | $24.73 |
| Market cap | $7.83B | $9.46B |
| 1-day change | +1.30% | +1.27% |
| YTD return | +3.00% | +10.85% |
| 1-year return | -3.98% | +12.97% |
| 5-year return | -8.02% | +45.04% |
| P/E ratio (TTM) | 13.38 | 11.09 |
| Forward P/E | 11.88 | 8.57 |
| EPS (TTM) | $4.08 | $2.23 |
| Dividend yield | 1.97% | 2.30% |
| Annual dividend | $1.07 | $0.57 |
| Revenue (latest FY) | $18.46M | $2.52B |
| Revenue growth (YoY) | +9.80% | +33.89% |
| Net income (latest FY) | $566.25M | $669.26M |
| Net margin | 3066.78% | 26.51% |
| 52-week high | $60.92 | $27.36 |
| 52-week low | $46.99 | $19.39 |
| Distance from 52-week high | -10.36% | -9.61% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +20.45% | +19.69% |
| Average volume | 1.01M | 4.28M |
| Shares outstanding | 143.43M | 382.57M |
| Employees | 4,976 | 4,914 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ONB has outperformed CBSH by 17.0 percentage points over the past year.
- Commerce Bancshares is more profitable, keeping 3066.8 cents of every revenue dollar as net income versus 26.5 cents for Old National Bancorp.
- Old National Bancorp grew revenue faster in its latest fiscal year (+33.89% vs +9.80%).
About Commerce Bancshares
CBSH stock →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.
Finance · Major Banks · 4,976 employees
About Old National Bancorp
ONB stock →Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits.
Finance · Major Banks · 4,914 employees
CBSH vs ONB FAQ
Which is bigger, Commerce Bancshares or Old National Bancorp?
Old National Bancorp (ONB) is larger, with a market capitalization of $9.46B compared with $7.83B for Commerce Bancshares (CBSH).
Which stock has performed better over the past year, CBSH or ONB?
ONB returned +12.97% over the past 12 months, compared with -3.98% for CBSH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CBSH or ONB?
ONB has the lower trailing P/E at 11.1, versus 13.4 for CBSH. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Commerce Bancshares or Old National Bancorp?
Old National Bancorp has the higher yield at 2.30%, compared with 1.97% for Commerce Bancshares.
Are Commerce Bancshares and Old National Bancorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.