Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...

The company reported net income available to its common shareholders of $143.8 million, down from $160.4 million in the prior-year quarter. NII on a taxable-equivalent basis increased 2.2% to $417.6 million year over year. Nonetheless, net interest margin (NIM) expanded 9 basis points (bps) year over year to 3.54%. Our estimates for NII and NIM were $416.6 million and 3.52%, respectively. As of Jun 30, 2024, total loans were $20 billion, up 3.1% sequentially. Total deposits amounted to $40.3 billion, down 1 ...

Cullen/Frost Bankers, Inc. (CFR) Q2 2024 Earnings Conference Call July 25, 2024 2:00 PM ET Company Participants A.B. Mendez - Senior Vice President & Director of Investor Relations Phil Green - Chairman & Chief Executive Officer Dan Geddes - San Antonio Region President Jerry Salinas - Group Executive Vice President & Chief Financial Officer Conference Call Participants Steven Alexopoulos - JPMorgan Dave Rochester - Compass Point Ebrahim Poonawala - Bank of America Peter Winter - D.A. Davidson Manan Gosalia ...

Part II - Other Information Item 1. Legal Proceedings 62 Item 1A. Risk Factors 62 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities 62 Cullen/Frost Bankers, Inc. Consolidated Statements of Income (Dollars in thousands, except per share amounts) Nature of Operations. Cullen/Frost Bankers, Inc. ("Cullen/Frost") is a financial holding company and a bank holding company headquartered in San Antonio, Texas that provides, through its subsidiaries, a broad ...

Cullen/Frost Bankers (CFR) reported $528.81 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.3%. EPS of $2.21 for the same period compares to $2.47 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how Cullen/Frost ...

SAN ANTONIO -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported second quarter 2024 results. Net income available to common shareholders for the second quarter of 2024 was $143.8 million compared to $160.4 million for the second quarter of 2023. On a per-share basis, net income available to common shareholders for the second quarter of 2024 was $2.21 per diluted common share, compared to $2.47 per diluted common share reported a year earlier. Returns on average assets and average common equity were 1.18 ...

Board increases quarterly common dividend by 3.3 percent to $0.95 SAN ANTONIO, July 25, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) today reported second quarter 2024 results. Net income available to common shareholders for the second quarter of 2024 was $143.8 million compared to $160.4 million for the second quarter of 2023. On a per-share basis, net income available to common shareholders for the second quarter of 2024 was $2.21 per diluted common share, compared to $2.47 per diluted comm ...

Cullen/Frost Bankers (CFR) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price c ...

When looking at the last two reports, this financial holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.70%, on average, in the last two quarters. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high ...