{"schema_version":"secwatch.filing_event.v1","accession":"0000039263-23-000041","form_type":"8-K","ticker":"CFR","cik":"0000039263","company_name":"CULLEN/FROST BANKERS, INC.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.837347+00:00","generated_at":"2026-06-16T09:43:08.048201+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cullen/Frost Q1 net income $176M, EPS $2.70, up 80% YoY; dividend $0.87","bullets":["Net income available to common shareholders $176M vs $97.4M YoY; diluted EPS $2.70 (up 80%).","Net interest income (tax-equiv) $425.8M, up 56.4% YoY; net interest margin 3.47% vs 2.33%.","Average loans $17.3B, up 5.7% YoY; average deposits $42.8B, down 0.5% YoY.","Non-interest income $105.3M (+3.8%); non-interest expense $285.1M (+19.4%).","Board declares Q2 dividend $0.87/common share, payable June 15 to holders of record May 31."],"urls":{"canonical":"https://secwatch.observer/filing/0000039263-23-000041","json":"https://secwatch.observer/filing/0000039263-23-000041.json","markdown":"https://secwatch.observer/filing/0000039263-23-000041.md","text":"https://secwatch.observer/filing/0000039263-23-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39263/000003926323000041/0000039263-23-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39263/000003926323000041/cfr-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:43:08.048201+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6f8df6c213ca20a669e72dca1f0228ba1fb5016f","claim":"CULLEN/FROST BANKERS, INC. reported the first quarter of 2023 results: net income $176.0 million, EPS $2.70 per diluted common share.","evidence_excerpt":"Net income available to common shareholders for the first quarter of 2023 was $176.0 million compared to $97.4 million in the first quarter of 2022. On a per-share basis, net income available to common shareholders for the first quarter of 2023 was $2.70 per diluted common share, compared to $1.50 per diluted common share reported a year earlier, representing an 80.0 percent increase.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39263/000003926323000041/0000039263-23-000041-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Net income","value":"$176.0 million"},{"label":"EPS","value":"$2.70 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}