secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000022356-23-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000046/0000022356-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000046/cbsh-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000022356-23-000046

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