secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000039263-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cullen/Frost Q1 net income $176M, EPS $2.70, up 80% YoY; dividend $0.87
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926323000041/0000039263-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926323000041/cfr-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000039263-23-000041

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