---
schema_version: "secwatch.filing_event.v1"
accession: "0000022356-23-000054"
form_type: "8-K"
ticker: "CBSH"
cik: "0000022356"
company_name: "COMMERCE BANCSHARES INC /MO/"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:04:01.857608+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Commerce Bancshares Q3 EPS $0.96 vs $0.97 YoY; net interest margin down 1bp

## Summary
- EPS $0.96, net income $120.6M vs $0.97/$122.8M in Q3 2022.
- Net interest income $248.5M, down $1M QoQ; net yield 3.11% (down 1bp).
- Average loans grew $299M (1.8%) QoQ to $17.0B; deposits up $359M.
- Net charge-offs 0.23% annualized vs 0.16% prior; allowance ratio 0.95%.
- Total assets down $1.5B (4.4%) from Q2; cash dividends $0.27/share.

## SEC filing metadata
- accession: 0000022356-23-000054
- form_type: 8-K
- ticker: CBSH
- cik: 0000022356
- company_name: COMMERCE BANCSHARES INC /MO/
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22356/000002235623000054/0000022356-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22356/000002235623000054/cbsh-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000022356-23-000054
- JSON: https://secwatch.observer/filing/0000022356-23-000054.json
- Plain text: https://secwatch.observer/filing/0000022356-23-000054.txt

## Key facts
- Earnings Releases
  COMMERCE BANCSHARES INC /MO/ reported the three months ended September 30, 2023 results: net income $120.6 million, EPS $.96 per share.
  - Period: the three months ended September 30, 2023
  - Net income: $120.6 million
  - EPS: $.96 per share
  - Result: reported results
  source text: Commerce Bancshares, Inc. announced earnings of $.96 per share for the three months ended September 30, 2023, compared to $.97 per share in the same quarter last year and $1.02 per share in the second quarter of 2023. Net income for the third quarter of 2023 amounted to $120.6 million, compared to $122.8 million in the third quarter of 2022 and $127.8 million in the prior quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22356/000002235623000054/0000022356-23-000054-index.htm

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