secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000039263-22-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000039/0000039263-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000039/cfr-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000039263-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer