Cullen/Frost Q3 2022 EPS $2.59, up 57% YoY; NIM expands to 3.01%

CULLEN/FROST BANKERS, INC.

2022-Q3 EPS reported $5.90 revenue$1,191,964,000

Net income available to common $168.1M ($2.59 diluted EPS) vs $106.3M ($1.65) in Q3 2021, up 57%.
Net interest income (tax-equiv) $379.5M, +40.9% YoY; NIM 3.01% vs 2.47% Q3 2021 and 2.56% Q2 2022.
Average deposits $45.8B (+17.1% YoY); avg loans ex-PPP $16.8B (+13% YoY).
No credit loss expense; net charge-offs $2.9M; non-accrual loans $29.9M, down from $57.1M a year ago.
Board declared Q4 common dividend $0.87/sh, payable Dec 15, 2022 to holders of record Nov 30.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CULLEN/FROST BANKERS, INC. reported third quarter 2022 results: revenue $379.5 million, net income $168.1 million, EPS $2.59 per diluted common share.

Period: third quarter 2022
Revenue: $379.5 million
Net income: $168.1 million
EPS: $2.59 per diluted common share
Result: reported results

Exact text from the filing

compared to 0.90 percent and 9.87 percent, respectively, for the same period a year earlier. For the third quarter of 2022, net interest income on a taxable-equivalent basis was $379.5 million, up 40.9 percent, compared to the same quarter in 2021. Average loans for the third quarter of 2022 increased $633.6 million, or 3.9 percent, to $16.8 billion, from the $16.2

View on SEC.gov

Browse all earnings releases →

CULLEN/FROST BANKERS, INC. filing history →

Source: SEC EDGAR

accession 0000039263-22-000039

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.