Loading...
•
Dec 31, 2020
Cullen/Frost Bankers Q4 2020 Earnings Report
Cullen/Frost Bankers reported a decrease in net income for Q4 2020 and announced a stock repurchase program.
Key Takeaways
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.
Net income available to common shareholders for Q4 2020 was $88.3 million, or $1.38 per diluted common share.
Returns on average assets and average common equity were 0.86 percent and 8.55 percent, respectively.
Average loans increased by $3.2 billion, or 22.0 percent, to $17.9 billion.
The board of directors authorized a new $100.0 million stock repurchase plan.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...