secwatch.observer — SEC 8-K summary
======================================

Issuer:     COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK:        0000022356
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0000022356-26-000123
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Commerce Bancshares Q1 EPS $0.96 up from $0.93 YoY; FineMark acquisition closed
-------------------------------------------------------------------------------

- Net income $141.6M, EPS $0.96 vs $0.93 YoY and $1.01 in Q4 2025.
- Completed FineMark acquisition (Jan 1 2026) adding $3.9B assets; NII up $16.7M QoQ.
- Non-interest income $175.9M (+10.6% YoY); trust fees up 25.5%.
- Non-interest expense $291.1M incl $14M acquisition costs; efficiency ratio 60.0%.
- Average loans $20.3B (+$2.7B QoQ); net charge-offs 0.30%; ACL 0.97%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22356/000002235626000123/0000022356-26-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22356/000002235626000123/cbsh-20260421.htm
  HTML page:      https://secwatch.observer/filing/0000022356-26-000123

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