secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0000039263-21-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926321000037/0000039263-21-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926321000037/cfr-20211028.htm
  HTML page:      https://secwatch.observer/filing/0000039263-21-000037

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