---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-22-000003"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T15:07:54.743723+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cullen/Frost Q4 net income $99.4M ($1.54/diluted); declares $0.75 dividend and $100M buyback

## Summary
- Q4 2021 net income available to common $99.4M, up from $88.3M YoY; diluted EPS $1.54 vs. $1.38.
- Full-year 2021 net income $435.9M ($6.76/share), up 34.7% from 2020.
- Average deposits rose 20.2% YoY to $41.0B; average loans ex-PPP increased 2.4%.
- Q4 net interest margin 2.31% vs 2.82% a year ago; no credit loss expense, net charge-offs $2.8M.
- Board declared $0.75/common share dividend (payable March 15) and authorized $100M stock repurchase plan.

## SEC filing metadata
- accession: 0000039263-22-000003
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2022-01-27T23:59:59+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/39263/000003926322000003/0000039263-22-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926322000003/cfr-20220127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-22-000003
- JSON: https://secwatch.observer/filing/0000039263-22-000003.json
- Plain text: https://secwatch.observer/filing/0000039263-22-000003.txt

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