secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0000022356-21-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q2 EPS $1.38 vs $0.32 YoY; reserve release boosts earnings
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- Net income $162.3M ($1.38 EPS) vs $39.9M ($0.32) in Q2 2020; provision for credit losses negative $45.7M (release).
- Return on avg assets 1.93%, ROE 19.12%; net yield on earning assets 2.60%, down 11 bps QoQ.
- Average loans fell $342.5M QoQ due to PPP forgiveness; average deposits grew $1.2B (4.6%).
- Credit quality improved: net charge-offs $699K (0.02% annualized); non-performing assets halved to $11.4M.
- Cash dividend raised 2.1% to $0.263/share; bought back 181,252 shares in quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235621000037/0000022356-21-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235621000037/cbsh-20210722.htm
  HTML page:      https://secwatch.observer/filing/0000022356-21-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer