secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000022356-22-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q2 EPS $0.96, down 27% YoY; NIM expands 34 bps to 2.79%
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- EPS $0.96 vs $1.32 in Q2 2021 and $0.97 in Q1 2022; net income $115.8M, down 29% YoY.
- Net interest income $232.4M, up $23.6M QoQ; net interest margin 2.79% vs 2.45% prior quarter.
- Average loans increased $262.4M QoQ to $15.5B; average deposits declined $622.5M QoQ to $28.7B.
- Non-accrual loans remain low at $7.9M, 0.05% of total loans; allowance for credit losses ratio 0.88%.
- Purchased 846,223 shares at avg $67.77 in Q2; cash dividend maintained at $0.265 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000040/0000022356-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000040/cbsh-20220721.htm
  HTML page:      https://secwatch.observer/filing/0000022356-22-000040

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