---
schema_version: "secwatch.filing_event.v1"
accession: "0000022356-24-000026"
form_type: "8-K"
ticker: "CBSH"
cik: "0000022356"
company_name: "COMMERCE BANCSHARES INC /MO/"
filed_at: "2024-04-16T23:59:59+00:00"
generated_at: "2026-06-03T22:27:43.301953+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Commerce Bancshares Q1 EPS $0.86, down from $0.91 YoY; net interest margin expands 16 bps

## Summary
- Diluted EPS of $0.86 vs $0.91 YoY and $0.84 QoQ; net income $112.7M.
- Net interest margin expanded 16 bps to 3.33%; net interest income up $578k QoQ.
- Non-interest expense rose $21.6M YoY, including $10M litigation settlement and $4M FDIC assessment.
- Credit quality strong: non-accrual loans at 0.03% of loans, net charge-offs 0.21%.
- Trust fees grew 12.7% YoY to $51.1M.

## SEC filing metadata
- accession: 0000022356-24-000026
- form_type: 8-K
- ticker: CBSH
- cik: 0000022356
- company_name: COMMERCE BANCSHARES INC /MO/
- filed_at: 2024-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/22356/000002235624000026/0000022356-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22356/000002235624000026/cbsh-20240416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000022356-24-000026
- JSON: https://secwatch.observer/filing/0000022356-24-000026.json
- Plain text: https://secwatch.observer/filing/0000022356-24-000026.txt

## Key facts
- Earnings Releases
  COMMERCE BANCSHARES INC /MO/ reported financial results for first quarter 2024.
  - Period: first quarter 2024
  - Result: reported results
  source text: A copy of the press release issued April 16, 2024 by Commerce Bancshares, Inc. announcing First Quarter 2024 earnings is furnished under Item 2.02 of this Current Report on Form 8-K as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22356/000002235624000026/0000022356-24-000026-index.htm

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