Cullen/Frost Bankers Earnings Reports

Cullen/Frost Bankers reported a net income available to common shareholders of $153.2 million for Q4 2024, an increase of $52.3 million compared to Q4 2023. Excluding the FDIC surcharge impact from the previous year, net income available to common shareholders increased by $11.6 million, or 8.2 percent. Average deposits saw growth both on a linked-quarter and year-over-year basis.

Cullen/Frost Bankers, Inc. reported a decrease in net income available to common shareholders for the third quarter of 2024 compared to the same period in 2023. However, net interest income on a taxable-equivalent basis increased. Average loans also increased, while average deposits saw a slight decrease year-over-year.

Cullen/Frost Bankers, Inc. reported second quarter 2024 results with net income available to common shareholders of $143.8 million, or $2.21 per diluted common share. Net interest income on a taxable-equivalent basis was $417.6 million, up 2.2 percent compared to the same quarter in 2023.

Cullen/Frost Bankers, Inc. reported a net income available to common shareholders of $134.0 million for the first quarter of 2024. The results were impacted by a $7.7 million addition to the estimated FDIC special assessment. Excluding this item, net income would have been approximately $140.1 million. Average loans increased by $1.8 billion, while average deposits decreased by $2.0 billion compared to the first quarter of 2023.

Cullen/Frost Bankers reported a decrease in net income available to common shareholders for the fourth quarter of 2023 compared to the fourth quarter of 2022, impacted by a one-time FDIC insurance surcharge. However, the company's earnings were aided by their organic expansion strategy in key growth markets in Texas.

Cullen/Frost Bankers reported third quarter 2023 results with net income available to common shareholders of $154.0 million, a decrease compared to $168.1 million in the third quarter of 2022. However, net interest income on a taxable-equivalent basis increased by 7.3 percent to $407.4 million compared to the same quarter in 2022.

Cullen/Frost Bankers, Inc. reported a strong second quarter in 2023, with net income available to common shareholders reaching $160.4 million, an increase from $117.4 million in the same quarter of the previous year. Earnings per diluted common share rose to $2.47, marking a 36.5 percent increase year-over-year. The company's board also increased the quarterly common dividend by 5.7 percent to $0.92 per share.

Cullen/Frost Bankers reported a net income available to common shareholders of $176.0 million for the first quarter of 2023, an increase compared to $97.4 million in the first quarter of 2022. The company's earnings per diluted common share rose to $2.70, representing an 80.0 percent increase year-over-year. Key drivers included a 56.4 percent increase in net interest income and a focus on organic growth strategies.

Cullen/Frost Bankers reported a significant increase in net income available to common shareholders for Q4 2022, reaching $189.5 million, a 90.7% increase compared to Q4 2021. Earnings per diluted common share rose to $2.91, and net interest income saw a substantial increase. The company's organic growth strategy, particularly in Houston and Dallas, contributed to the positive results.

Cullen/Frost Bankers reported a strong third quarter, with net income available to common shareholders increasing to $168.1 million, or $2.59 per diluted share, driven by higher interest rates and organic growth. Average loans increased, and average deposits also saw significant growth compared to the previous year.

Cullen/Frost Bankers, Inc. reported second quarter 2022 results with net income available to common shareholders of $117.4 million, or $1.81 per diluted common share. The board increased the quarterly common dividend by 16 percent to $0.87.

Cullen/Frost Bankers, Inc. reported first quarter 2022 results with net income available to common shareholders of $97.4 million, or $1.50 per diluted common share. Average loans decreased, but excluding PPP loans, average loans increased. Average deposits increased significantly.

Cullen/Frost Bankers reported a net income available to common shareholders of $99.4 million, or $1.54 per diluted common share, for the fourth quarter of 2021, compared to $88.3 million, or $1.38 per diluted common share for the fourth quarter of 2020. The company's board declared a first-quarter cash dividend of $0.75 per common share and authorized a $100 million stock repurchase program.

Cullen/Frost Bankers, Inc. reported a net income available to common shareholders of $106.3 million for the third quarter of 2021, compared to $95.1 million in the third quarter of 2020. Diluted earnings per share were $1.65, up from $1.50 in the prior year. Average loans decreased, but excluding PPP loans, they showed a slight increase. Average deposits increased significantly.

Cullen/Frost Bankers, Inc. reported second quarter 2021 results with net income available to common shareholders of $116.4 million, or $1.80 per diluted common share, compared to $93.1 million, or $1.47 per diluted common share, in the second quarter of 2020. The board increased the quarterly common dividend by 4 percent to $0.75 per share.

Cullen/Frost Bankers, Inc. reported a significant increase in net income available to common shareholders for the first quarter of 2021, reaching $113.9 million compared to $47.2 million in the first quarter of 2020. Earnings per diluted common share also rose to $1.77, up from $0.75 a year earlier. The company saw growth in average loans and deposits, reflecting a strong response to the Paycheck Protection Program and overall customer satisfaction.

Cullen/Frost Bankers reported a net income available to common shareholders of $88.3 million, or $1.38 per diluted common share, for the fourth quarter of 2020, compared to $101.7 million, or $1.60 per diluted common share, for the fourth quarter of 2019. The board declared a first quarter dividend and authorized a $100 million stock repurchase program.