Shares of Commerce Bancshares Inc. ( CBSH - Free Report ) gained 3.1% in response to better-than-expected first-quarter 2022 results. Earnings of 97 cents per share easily surpassed the Zacks Consensus Estimate of 89 cents. The bottom line, however, declined 8.5% from the prior-year quarter. Results benefited from an improvement in net interest income, a slight rise in loan balance and provision benefit. However, an increase in non-interest expenses and lower non-interest income were the major headwinds for CBSH. Net income attributable to common shareholders was $118.2 million, down 9.8% year over year.