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Jun 30, 2021
Cullen/Frost Bankers Q2 2021 Earnings Report
Cullen/Frost reported an increase in net income and EPS compared to the same quarter last year.
Key Takeaways
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.
Net income available to common shareholders for the second quarter of 2021 was $116.4 million, compared to $93.1 million in the second quarter of 2020.
Earnings per diluted common share were $1.80, compared to $1.47 reported a year earlier.
Net interest income on a taxable-equivalent basis was $280.0 million, up 3.8 percent compared to the same quarter in 2020.
Average deposits for the quarter were $38.3 billion, up $7.0 billion, or 22.2 percent, compared to last year's second quarter.
Forward Guidance
Company is in a strong position to benefit from the rebound in economic activity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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