Cullen/Frost Bankers Q4 2020 Earnings Report
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.
Cullen/Frost Bankers
Cullen/Frost Bankers
Forward Guidance
No specific forward guidance was provided in the earnings report.