---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-21-000028"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2021-07-29T23:59:59+00:00"
generated_at: "2026-06-30T01:12:05.432970+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cullen/Frost Q2 net income $116.4M, EPS $1.80; dividend raised 4% to $0.75

## Summary
- Net income available to common shareholders $116.4M vs $93.1M YoY; diluted EPS $1.80 vs $1.47.
- Net interest income (tax-equivalent) $280M, up 3.8% YoY; average deposits rose 22.2% to $38.3B.
- No credit loss expense in Q2 2021 vs $27.2M expense in Q2 2020; allowance for credit losses 1.54% of loans.
- Board declared Q3 common dividend of $0.75/share, a 4% increase from prior $0.72.
- Non-interest income up 17.6% to $91.2M, driven by trust fees, service charges, and card transaction fees.

## SEC filing metadata
- accession: 0000039263-21-000028
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2021-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926321000028/0000039263-21-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926321000028/cfr-20210729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-21-000028
- JSON: https://secwatch.observer/filing/0000039263-21-000028.json
- Plain text: https://secwatch.observer/filing/0000039263-21-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.