secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000039263-22-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000020/0000039263-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000020/cfr-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000039263-22-000020

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