---
schema_version: "secwatch.filing_event.v1"
accession: "0000022356-23-000046"
form_type: "8-K"
ticker: "CBSH"
cik: "0000022356"
company_name: "COMMERCE BANCSHARES INC /MO/"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:36:05.604832+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Commerce Bancshares Q2 EPS $1.02, net income $127.8M; deposits up 4.8% QoQ

## Summary
- Diluted EPS of $1.02 vs $0.92 YoY; net income $127.8M vs $115.8M YoY.
- Revenue $397.1M (record); net interest income $249.5M, down $2.1M QoQ; net yield 3.12% (-14bp QoQ).
- Period-end deposits $25.87B, up $1.2B (4.8%) vs March 31; avg loan balances $16.67B, +1.6% QoQ.
- Non-interest income $147.6M, +$8.2M YoY; non-interest expense $227.6M, +$14.1M YoY.
- Annualized net charge-off ratio 0.16%; ACL to loans 0.94%; non-accrual loans 0.04% of total loans.

## SEC filing metadata
- accession: 0000022356-23-000046
- form_type: 8-K
- ticker: CBSH
- cik: 0000022356
- company_name: COMMERCE BANCSHARES INC /MO/
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22356/000002235623000046/0000022356-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22356/000002235623000046/cbsh-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000022356-23-000046
- JSON: https://secwatch.observer/filing/0000022356-23-000046.json
- Plain text: https://secwatch.observer/filing/0000022356-23-000046.txt

## Key facts
- Earnings Releases
  COMMERCE BANCSHARES INC /MO/ reported Second Quarter 2023 results: revenue 397,143, net income $127,789, EPS $1.02.
  - Period: Second Quarter 2023
  - Revenue: 397,143
  - Net income: $127,789
  - EPS: $1.02
  - Result: reported results
  source text: 2023 Jun. 30, 2022 FINANCIAL SUMMARY Net interest income $249,538 $251,623 $232,385 $501,161 $441,171 Non-interest income 147,605 137,612 139,427 285,217 271,196 Total revenue 397,143 389,235 371,812 786,378 712,367 Investment securities gains (losses) 3,392 (306) 1,029 3,086 8,192 Provision for credit losses 6,471 11,456 7,162 17,927 (2,696) Non-interest
  evidence_url: https://www.sec.gov/Archives/edgar/data/22356/000002235623000046/0000022356-23-000046-index.htm
- Earnings Releases
  COMMERCE BANCSHARES INC /MO/ reported the six months ended June 30, 2023 results: revenue 786,378, net income $247,241, EPS $1.97.
  - Period: the six months ended June 30, 2023
  - Revenue: 786,378
  - Net income: $247,241
  - EPS: $1.97
  - Result: reported results
  source text: SUMMARY Net interest income $249,538 $251,623 $232,385 $501,161 $441,171 Non-interest income 147,605 137,612 139,427 285,217 271,196 Total revenue 397,143 389,235 371,812 786,378 712,367 Investment securities gains (losses) 3,392 (306) 1,029 3,086 8,192 Provision for credit losses 6,471 11,456 7,162 17,927 (2,696) Non-interest expense 227,611 224,107
  evidence_url: https://www.sec.gov/Archives/edgar/data/22356/000002235623000046/0000022356-23-000046-index.htm

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