---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-22-000020"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:38:54.131215+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cullen/Frost Q1 net income falls to $97.4M ($1.50/sh) from $113.9M; declares $0.75 dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0000039263-22-000020
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926322000020/0000039263-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926322000020/cfr-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-22-000020
- JSON: https://secwatch.observer/filing/0000039263-22-000020.json
- Plain text: https://secwatch.observer/filing/0000039263-22-000020.txt

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