earnings
confidence high
sentiment negative
materiality 0.70
Cullen/Frost Q1 net income falls to $97.4M ($1.50/sh) from $113.9M; declares $0.75 dividend
CULLEN/FROST BANKERS, INC.
2022-Q1 EPS reported
$1.50
revenue$350,461,000
- Net income available to common $97.4M ($1.50 diluted EPS) vs $113.9M ($1.77) YoY, down 14.5%.
- Net interest income (tax-equiv) $272.2M, +3.1% YoY; NIM 2.33% vs 2.72% a year ago.
- Avg deposits $43.0B, +21.3% YoY; avg loans ex-PPP $16.1B, +8.3% YoY.
- Non-interest expense $238.7M (+13.6% YoY); no credit loss expense; net charge-offs $6.3M.
- Q2 dividend $0.75/common share, payable June 15; record May 31.