secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000039263-22-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cullen/Frost Q2 EPS $1.81, dividend raised 16% to $0.87
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- Net income available to common $117.4M ($1.81 diluted EPS) vs $116.4M ($1.80) a year ago.
- Board raises quarterly common dividend 16% to $0.87, payable Sept 15, record Aug 31.
- Net interest income (tax-equivalent) $311.4M, up 11.2% YoY; net interest margin 2.56%.
- Average deposits $44.7B (+16.9% YoY); avg loans ex-PPP $16.5B (+13.2% YoY).
- No credit loss expense; net charge-offs $2.8M; allowance for credit losses 1.43% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000030/0000039263-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000030/cfr-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000039263-22-000030

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