Cullen/Frost Bankers Q4 2021 Earnings Report
Key Takeaways
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.
Net income available to common shareholders for Q4 2021 was $99.4 million, or $1.54 per diluted common share.
Returns on average assets and average common equity were 0.81 percent and 9.26 percent, respectively for Q4 2021.
Average loans for the fourth quarter of 2021 decreased $2.0 billion, or 10.9 percent, to $16.0 billion.
Average deposits for the quarter were $41.0 billion, an increase of 20.2 percent, or $6.9 billion, compared to $34.1 billion in last year's fourth quarter.
Cullen/Frost Bankers
Cullen/Frost Bankers
Forward Guidance
Cullen/Frost Bankers did not provide specific forward guidance in the Q4 2021 earnings report.