Wall Street analysts forecast that Cullen/Frost Bankers (CFR) will report quarterly earnings of $2.13 per share in its upcoming release, pointing to a year-over-year decline of 21.1%. It is anticipated that revenues will amount to $524.93 million, exhibiting a decline of 1.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have re ...

Cullen/Frost Bankers, Inc.’s (CFR) strong loan book, solid net interest income (NII) and steady capital distribution activities are positives. Also, efforts to expand its presence in Texas bode well for CFR's long-term growth. However, the company is affected by mounting costs and an undiversified loan portfolio.CFR’s deposits witnessed a five-year compound annual growth rate (CAGR) of 9.1% (2018-2023), while loans, net of unearned discounts, recorded a CAGR of 6%. Moreover, branch openings in 2024 will lik ...

SAN ANTONIO, Feb. 21, 2024 /PRNewswire/ -- Frost Bank, one of the largest banks based in Texas, received 34 Greenwich Excellence and Best Brand Awards – the highest amount received nationwide for the eighth consecutive year – for providing superior service, advice and performance to small-business and middle-market banking clients. As in previous years, Frost is the only Texas-based bank to receive national recognition for "Overall Satisfaction" and "Likelihood to Recommend" in both the middle-market and sm ...

| --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------|--------|--------------------------|-------|------------------------------|-------|---------------|-----------------------------------------------------------------------------| | 2023 | Credit | Loss Expense (Benefit) | | Net (Charge-Offs) Recoveries | | Average Loans | Ratio of Annualized Net (Charge-Offs) Recoveries to Average Loans | | Commercial and industrial | $ | (16,709) | $ | (13,522) | $ | 5,734,509 | (0.24)% | | ...

Dilok Klaisataporn/iStock via Getty Images MoneyShow’s top contributing analysts, strategists, and newsletter editors share their investment recommendations for the year ahead. See Part 2 here. Celldex Therapeutics By John McCamant, Editor of The Medical Technology Stock Letter Celldex Therapeutics (CLDX) is one of our top picks for 2024. The recently reported 208-patient trial with the first-ever subcutaneous (SC) version of CLDX’s barzo in CSU confirmed that it is the Best-In-Class compound with the f ...

SAN ANTONIO, Jan. 26, 2024 /PRNewswire/ -- The board of directors of Cullen/Frost Bankers, Inc. (NYSE: CFR) announced that Hope Andrade has been elected to the board. Andrade will join the board's Audit and Risk committees."We're fortunate to add someone of Hope's experience and prestige to our board of directors," said Phil Green, Cullen/Frost Chairman and CEO. "She is a longtime Texas entrepreneur and leader with a wealth of knowledge about the workings of our state. All of us look forward to having her p ...

Cullen/Frost Bankers, Inc. (CFR) reported fourth-quarter 2023 adjusted earnings per share (excluding the impact of FDIC surcharge) of $2.18, down from $2.91 in the prior-year quarter. Nonetheless, the bottom line surpassed the Zacks Consensus Estimate of $2.01.Results were primarily aided by a rise in non-interest income and higher loan balances during the quarter. However, a rise in non-interest expenses and credit loss expenses were significant drags.The company reported net income available to common sha ...

Cullen/Frost Bankers, Inc. (CFR) Q4 2023 Earnings Conference Call January 25, 2024 2:00 PM ET Company Participants A.B. Mendez – Senior Vice President and Director of Investor Relations Phil Green – Chairman and Chief Executive Officer Jerry Salinas – Group Executive Vice President and Chief Financial Officer Conference Call Participants Ebrahim Poonawala – Bank of America Steven Alexopoulos – JPMorgan Dave Rochester – Compass Point Manan Gosalia – Morgan Stanley Peter Winter – D.A. Davidson Brady Gailey – ...

Cullen/Frost Bankers (CFR) reported $523.66 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.1%. EPS of $2.18 for the same period compares to $2.91 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $498.09 million, representing a surprise of +5.13%. The company delivered an EPS surprise of +8.46%, with the consensus EPS estimate being $2.01.While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

In its upcoming report, Cullen/Frost Bankers (CFR) is predicted by Wall Street analysts to post quarterly earnings of $2.01 per share, reflecting a decline of 30.9% compared to the same period last year. Revenues are forecasted to be $498.09 million, representing a year-over-year decrease of 5.9%.Over the last 30 days, there has been a downward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of the ...