secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000022356-23-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000054/0000022356-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235623000054/cbsh-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000022356-23-000054

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