Core Insights - Cullen/Frost Bankers, Inc. reported a net income of $153.2 million for Q4 2024, an increase of $52.3 million from $100.9 million in Q4 2023, with adjusted earnings per diluted share rising to $2.36 from $1.55 [1][2][15] - The company declared a first-quarter cash dividend of $0.95 per common share and authorized a $150 million stock repurchase program [6][7] Financial Performance - For Q4 2024, net interest income was $433.7 million, up 5.8% from $409.9 million in Q4 2023, with average loans increasing by $1.7 billion, or 9.3%, to $20.3 billion [3][5] - Annual net income available to common shareholders for 2024 was $575.9 million, a decrease of 2.6% from $591.3 million in 2023 [2][17] - The company’s return on average assets and average common equity for Q4 2024 were 1.19% and 15.58%, respectively, compared to 0.82% and 13.51% in Q4 2023 [1][15] Capital and Asset Quality - As of December 31, 2024, the Common Equity Tier 1, Tier 1, and Total Risk-Based Capital Ratios were 13.62%, 14.07%, and 15.53%, respectively, exceeding Basel III requirements [5][16] - The allowance for credit losses on loans was 1.30% of total loans at year-end 2024, with non-accrual loans totaling $78.9 million [6][19] Dividends and Share Repurchase - The board declared a cash dividend of $11.125 per share of Series B Preferred Stock, payable on March 17, 2025 [6][7] - The new share repurchase program allows for the purchase of up to $150 million of common stock over one year, expiring January 28, 2026 [7][8] Operational Highlights - Average total deposits for 2024 were $41.0 billion, down 1.1% from $41.4 billion in 2023, while average total loans increased by 10.7% [4][18] - Non-interest income for Q4 2024 was $122.8 million, an increase of 8.0% from $113.8 million in Q4 2023, driven by higher trust and investment management fees [5][13]

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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 December 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.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on J ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Cullen/Frost Bankers (CFR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power ...

SAN ANTONIO, Jan. 9, 2025 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, January 30, 2025 to discuss fourth quarter 2024 earnings. Earnings Release: The earnings release for Cullen/Frost Bankers, Inc. will be available at approximately 8:00 a.m. Central Time (CT) on the internet at https://investor.frostbank.com/. Conference Call and Live Webcast: The conference call will begin at 1:00 p.m. CT (2:00 p.m. Eastern) and will be hosted by Phil Green, Chairman and ...

Cullen/Frost Bankers, Inc. (CFR) reported third-quarter 2024 earnings per share (EPS) of $2.24, down 5.6% from the prior-year quarter. Nonetheless, the bottom line surpassed the Zacks Consensus Estimate by 3.7%.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Results were primarily aided by a rise in non-interest income and net interest income (NII), alongside higher loan balances in the quarter. However, a rise in non-interest expenses and credit loss expenses were significan ...

Cullen/Frost Bankers, Inc. (CFR) Q3 2024 Earnings Conference Call October 31, 2024 2:00 PM ET Company Participants A.B. Mendez - SVP, Director of IR Phil Green - Chairman and CEO Jerry Salinas - Group EVP, CFO Dan Geddes - Incoming CFO Conference Call Participants Peter Winter - D.A. Davidson Dave Rochester - Compass Point Ebrahim Poonawala - Bank of America Catherine Mealor - KBW Ben Gerlinger - Citi Manan Gosalia - Morgan Stanley Jon Arfstrom - RBC Capital Markets Operator Greetings. Welcome to Cullen/Fro ...

United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2024 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________________ to ________________ | --- | --- | --- | --- | |-----------------------------------------|---------------------------------------------------------- ...

For the quarter ended September 2024, Cullen/Frost Bankers (CFR) reported revenue of $538.87 million, up 5% over the same period last year. EPS came in at $2.24, compared to $2.38 in the year-ago quarter.The reported revenue represents a surprise of +3.03% over the Zacks Consensus Estimate of $523.03 million. With the consensus EPS estimate being $2.16, the EPS surprise was +3.70%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...