secwatch.observer — SEC 8-K summary
======================================

Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0000022356-21-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q3 EPS $1.05 vs $1.06 YoY; trust fees +20.1%
----------------------------------------------------------------

- Diluted EPS $1.05, net income $122.6M vs $132.4M YoY.
- Trust fees $49.0M up 20.1% YoY; bank card fees $42.8M up 13% YoY.
- Net charge-offs $3.7M (0.10% annualized); non-performing assets $10.5M.
- Average loans down $731.5M QoQ (incl. $689M PPP forgiveness); avg deposits up $344M.
- Dividend $0.263/share (+2.1% YoY); repurchased 575,457 shares in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235621000044/0000022356-21-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235621000044/cbsh-20211019.htm
  HTML page:      https://secwatch.observer/filing/0000022356-21-000044

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