secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000022356-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q4 EPS $1.04, up from $0.90 YoY; net yield expands to 3.18%
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- Diluted EPS of $1.04 in Q4 2022 vs $0.90 in Q4 2021 and $0.97 in Q3 2022; net income $131.6M.
- Net interest income rose $8.3M QoQ to $254.6M; net yield on earning assets increased 17 bps to 3.18%.
- Average loans grew $239M (1.5%) to $15.9B; average deposits declined $1.1B (4.1%) QoQ.
- Annualized net charge-off ratio was 0.14% vs 0.12% QoQ; non-accrual loans were 0.05% of total loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000002/0000022356-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000002/cbsh-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000022356-23-000002

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