A shank bit, in particular a road milling bit, having a carrier part (10) that comprises a shank (11), the shank (11) carrying a bit tip (18) made of hard material, the carrier part comprising, in the region between the shank and the bit tip, a receiving portion (14) on which a head part is held (30), and the head part comprising a circumferential chip discharge surface (34.1) tapering in a direction toward the bit tip. In order to enable a shank bit of this kind to be designed in wear-optimized fashion, the head part is held rotatably with respect to the carrier part.