secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0000039263-21-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926321000028/0000039263-21-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926321000028/cfr-20210729.htm
  HTML page:      https://secwatch.observer/filing/0000039263-21-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer