secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0000022356-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q3 EPS $1.07, up from $0.92 YoY; trust fees +11.1%
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- EPS $1.07 (diluted) vs $0.92 YoY; net income $138M, up 14.4% from $120.6M in Q3 2023.
- Net interest income $262.4M, virtually flat QoQ; net yield on earning assets 3.50% (-5 bps QoQ).
- Trust fees grew 11.1% YoY to $54.7M; non-interest income 37.7% of total revenue.
- Credit quality remains excellent: non-accrual loans 0.11% of total loans, net charge-offs 0.22% annualized.
- Tangible common equity ratio 10.47% (up from 9.82% prior Q); book value per share $26.90, +9.9% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000052/0000022356-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235624000052/cbsh-20241017.htm
  HTML page:      https://secwatch.observer/filing/0000022356-24-000052

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