secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000022356-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q4 EPS $0.84, net income $109.2M; FDIC charge $16M
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- EPS of $0.84 vs $1.00 in Q4 2022 and $0.92 in Q3 2023; net income $109.2M.
- Net interest income $248.4M, NIM expanded 6 bps to 3.17%; non-interest income $144.9M.
- FDIC special assessment of $16.0M drove non-interest expense to $251.3M.
- Deposits grew $674M across segments; final FHLB advances and brokered deposits matured.
- Book value per share increased 14.4% to $22.77; non-accrual loans remained low at 0.04%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000004/0000022356-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000004/cbsh-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000022356-24-000004

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