---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-22-000039"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:21:32.725399+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000039263-22-000039
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926322000039/0000039263-22-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926322000039/cfr-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-22-000039
- JSON: https://secwatch.observer/filing/0000039263-22-000039.json
- Plain text: https://secwatch.observer/filing/0000039263-22-000039.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/39263/000003926322000039/0000039263-22-000039-index.htm

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