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 ...

Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.24 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.70%. A quarter ago, it was expected that this financial holding company would post earnings of $2.05 per share when it actually produced earnings of $2.21, delivering a surprise of 7.80%.Over the last four qu ...

Exhibit 99.1 A.B. Mendez Investor Relations 210.220.5234 or Bill Day Media Relations 210.220.5427 FOR IMMEDIATE RELEASE October 31, 2024 CULLEN/FROST REPORTS THIRD QUARTER RESULTS Board declares fourth quarter dividend on common and preferred stock SAN ANTONIO -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported third quarter 2024 results. Net income available to common shareholders for the third quarter of 2024 was $144.8 million compared to $154.0 million for the third quarter of 2023. On a per-share b ...

Board declares fourth quarter dividend on common and preferred stockSAN ANTONIO, Oct. 31, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) today reported third quarter 2024 results. Net income available to common shareholders for the third quarter of 2024 was $144.8 million compared to $154.0 million for the third quarter of 2023. On a per-share basis, net income available to common shareholders for the third quarter of 2024 was $2.24 per diluted common share, compared to $2.38 per diluted common ...

The market expects Cullen/Frost Bankers (CFR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to b ...

SAN ANTONIO, Oct. 4, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, October 31, 2024 to discuss third 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 C ...

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 ...