secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2022-10-18T23:59:59+00:00
Accession:  0000022356-22-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q3 2022 EPS $1.02, net interest margin expands to 3.01%
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- Net income $122.8M ($1.02 diluted EPS) vs $122.6M ($0.99) in Q3 2021 and $115.8M ($0.96) in Q2 2022.
- Net interest income rose $14.0M QoQ to $246.4M; net interest margin increased 22 bps to 3.01%.
- Average loans up $160.4M (1.0%) to $15.6B; average deposits declined $973.9M (3.4%) to $27.8B.
- Company repurchased 710,879 shares at avg price $70.50; cash dividend $0.265 per share.
- Allowance for credit losses on loans increased $5.3M to $143.4M (0.90% of total loans).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000049/0000022356-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235622000049/cbsh-20221018.htm
  HTML page:      https://secwatch.observer/filing/0000022356-22-000049

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