{"schema_version":"secwatch.filing_event.v1","accession":"0000022356-26-000137","form_type":"8-K","ticker":"CBSH","cik":"0000022356","company_name":"COMMERCE BANCSHARES INC /MO/","filed_at":"2026-05-12T20:36:45+00:00","discovered_at":"2026-05-12T20:38:01.403012+00:00","generated_at":"2026-05-12T20:38:37.686386+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.88,"calibrated_materiality_score":0.88,"confidence":"high","headline":"Commerce Bancshares gains $99M on Visa exchange; plans $911M bond repositioning with ~$95M loss","bullets":["Visa accepted Commerce Bancshares' tender of 411,723 Visa Class B-2 shares; company records $99M pre-tax gain on Visa Class C mark-to-market.","Company to sell ~$911M of low-yield (2.5%) available-for-sale debt securities, expecting ~$95M pre-tax loss.","Proceeds from sale to be reinvested into assets yielding ~4.0%, targeting increased net interest income and reduced volatility.","Cumulative impact of Visa gain and securities repositioning expected to be approximately neutral to Common Equity Tier 1 ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0000022356-26-000137","json":"https://secwatch.observer/filing/0000022356-26-000137.json","markdown":"https://secwatch.observer/filing/0000022356-26-000137.md","text":"https://secwatch.observer/filing/0000022356-26-000137.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/22356/000002235626000137/0000022356-26-000137-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/22356/000002235626000137/cbsh-20260512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T20:38:37.686386+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}