secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0000022356-24-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q2 EPS $1.07 vs $0.97 YoY; net interest margin expands 22 bps to 3.55%
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- Net income $139.6M ($1.07 diluted EPS) vs $127.8M ($0.97) in Q2 2023; total revenue $414.5M.
- Net interest margin rose 22 bps QoQ to 3.55%; NII $262.2M, up $13.3M from Q1 2024.
- Trust fees +10.6% YoY to $52.3M; deposit account fees +11.9% to $25.3M.
- Non-accrual loans just 11 bps of total loans; net charge-off ratio 0.23% annualized.
- Tier 1 leverage ratio 12.13%; book value $24.48, up 19.4% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000044/0000022356-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000044/cbsh-20240718.htm
  HTML page:      https://secwatch.observer/filing/0000022356-24-000044

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