---
schema_version: "secwatch.filing_event.v1"
accession: "0000022356-23-000030"
form_type: "8-K"
ticker: "CBSH"
cik: "0000022356"
company_name: "COMMERCE BANCSHARES INC /MO/"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:56:38.458345+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Commerce Bancshares Q1 2023 EPS $0.95, net income $119.5M, deposits decline 5.1% QoQ

## Summary
- EPS $0.95 vs $0.92 YoY and $1.05 Q4 2022; net income $119.5M vs $118.2M YoY.
- Net interest income $251.6M, down $3.0M QoQ; net yield on earning assets 3.26%, up 8 bps.
- Average deposits fell $1.4B (5.1%) QoQ; average loans grew $518.9M (3.3%).
- Allowance for credit losses on loans ratio rose to 0.96% from 0.92%; net charge-offs 0.17% annualized.
- Dividend increased to $0.27/share from $0.252; repurchased 547K shares at avg $65.93.

## SEC filing metadata
- accession: 0000022356-23-000030
- form_type: 8-K
- ticker: CBSH
- cik: 0000022356
- company_name: COMMERCE BANCSHARES INC /MO/
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22356/000002235623000030/0000022356-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22356/000002235623000030/cbsh-20230418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000022356-23-000030
- JSON: https://secwatch.observer/filing/0000022356-23-000030.json
- Plain text: https://secwatch.observer/filing/0000022356-23-000030.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.