secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2022-01-19T23:59:59+00:00
Accession:  0000022356-22-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q4 EPS $0.94, down vs $1.05 YoY and $0.99 QoQ
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- Q4 net income $114.9M vs $129.9M YoY and $122.6M prior quarter; EPS $0.94.
- Net interest income $207.7M, margin 2.43% (down 15 bps); average loans fell $165.9M QoQ.
- Non-interest income $147.7M (+$10.2M QoQ); trust fees +16.5% YoY, bank card fees +12%.
- Credit quality strong: net charge-offs 0.11%, non-accrual loans $9.2M (0.06% of loans).
- Repurchased 696k shares at avg $70.81; quarterly dividend $0.25 unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000003/0000022356-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000003/cbsh-20220119.htm
  HTML page:      https://secwatch.observer/filing/0000022356-22-000003

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