Cullen/Frost Bankers Q4 2024 Earnings Report
Key Takeaways
Cullen/Frost Bankers reported a net income available to common shareholders of $153.2 million for Q4 2024, an increase of $52.3 million compared to Q4 2023. Excluding the FDIC surcharge impact from the previous year, net income available to common shareholders increased by $11.6 million, or 8.2 percent. Average deposits saw growth both on a linked-quarter and year-over-year basis.
Net income available to common shareholders was $153.2 million, up from $100.9 million in Q4 2023.
Excluding the FDIC surcharge from Q4 2023, net income available to common shareholders increased by 8.2 percent.
Earnings per diluted common share were $2.36, compared to $1.55 in Q4 2023.
Average deposits increased by $701.7 million, or 1.7 percent, compared to Q4 2023.
Cullen/Frost Bankers
Cullen/Frost Bankers
Forward Guidance
Cullen/Frost Bankers, Inc. will host a conference call on Thursday, January 30, 2025, at 1:00 p.m. Central Time (CT) to discuss the results for the quarter and the year.