secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0000039263-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000003/0000039263-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000003/cfr-20220127.htm
  HTML page:      https://secwatch.observer/filing/0000039263-22-000003

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