secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0000022356-23-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000030/0000022356-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000030/cbsh-20230418.htm
  HTML page:      https://secwatch.observer/filing/0000022356-23-000030

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