secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0000022356-24-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000026/0000022356-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000026/cbsh-20240416.htm
  HTML page:      https://secwatch.observer/filing/0000022356-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer