---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-21-000037"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T17:01:43.224856+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cullen/Frost Q3 net income rises to $106.3M, EPS $1.65, up from $95.1M; deposits grow 19%

## Summary
- Net income available to common shareholders $106.3M ($1.65 diluted EPS), up from $95.1M ($1.50) a year ago.
- Net interest income $269.3M, up 0.9% YoY; net interest margin 2.47% vs 2.95% in Q3 2020.
- Average deposits $39.1B, up 19% YoY; average loans $16.2B, down 10.8% (ex-PPP down 0.8%).
- No credit loss expense in Q3 vs $20.3M expense a year ago; non-accrual loans fell to $57.1M from $91.6M.
- Board declared $0.75 common dividend, payable Dec 15; also preferred dividend declared.

## SEC filing metadata
- accession: 0000039263-21-000037
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926321000037/0000039263-21-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926321000037/cfr-20211028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-21-000037
- JSON: https://secwatch.observer/filing/0000039263-21-000037.json
- Plain text: https://secwatch.observer/filing/0000039263-21-000037.txt

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