secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2022-04-19T23:59:59+00:00
Accession:  0000022356-22-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q1 EPS $0.97, down from $1.06 YoY; net interest margin expands
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- Net income $118.2M ($0.97 diluted EPS) vs $131.0M ($1.06) in Q1 2021 and $114.9M ($0.94) in Q4 2021.
- Net interest margin rose 2 bps to 2.45%; average loans up $130.1M QoQ to $15.2B.
- Non-interest income fell $15.9M QoQ to $131.8M; net securities gains $7.2M vs net losses $9.7M prior quarter.
- Net charge-off ratio 0.12%; non-accrual loans 0.05% of total loans; allowance for credit losses to loans at 0.87%.
- Repurchased 795,387 shares at avg $70.22; quarterly dividend raised to $0.265/share from $0.25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000022/0000022356-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000022/cbsh-20220419.htm
  HTML page:      https://secwatch.observer/filing/0000022356-22-000022

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