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Jun 30, 2024
Cullen/Frost Bankers Q2 2024 Earnings Report
Cullen/Frost reported second quarter results with net income available to common shareholders at $143.8 million and earnings per diluted share at $2.21.
Key Takeaways
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.
Net income available to common shareholders for the second quarter of 2024 was $143.8 million.
Earnings per diluted common share for the second quarter of 2024 were $2.21.
Net interest income on a taxable-equivalent basis was $417.6 million, a 2.2 percent increase compared to the prior year period.
Average loans for the second quarter of 2024 increased $2.0 billion, or 11.3 percent, to $19.7 billion.
Revenue by Segment
Forward Guidance
The company's performance reflects execution on its organic growth strategy, with solid loan growth and continued investments aimed at extending its value proposition to more consumers and businesses throughout the state.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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