Cullen/Frost Q3 EPS $2.38 vs $2.59 YoY; loans up 6.8%, deposits stabilize

CULLEN/FROST BANKERS, INC.

2023-Q3 EPS reported $7.54 revenue$1,485,303,000

Net income to common $154M vs $168.1M in Q3 2022; diluted EPS $2.38 (down 8.1% YoY).
Net interest income (taxable-equiv) $407.4M, up 7.3% YoY; NIM 3.44% vs 3.01% a year ago.
Average loans $18.0B (+6.8% YoY); average deposits $40.8B (-10.9% YoY but -0.4% QoQ).
Non-interest expense rose 13.7% to $293.3M, driven by salary, tech, and marketing investments.
Board declared Q4 cash dividend $0.92 per common share, payable Dec 15 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 0.9

CULLEN/FROST BANKERS, INC. reported the third quarter of 2023 results: net income $154.0 million, EPS $2.38 per diluted common share.

Period: the third quarter of 2023
Net income: $154.0 million
EPS: $2.38 per diluted common share
Result: reported results

Exact text from the filing

Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported third quarter 2023 results. Net income available to common shareholders for the third quarter of 2023 was $154.0 million compared to $168.1 million in the third quarter of 2022. On a per-share basis, net income available to common shareholders for the third quarter of 2023 was $2.38 per diluted common share, compared to $2.59 per diluted common share reported a year earlier

View on SEC.gov

Browse all earnings releases →

CULLEN/FROST BANKERS, INC. filing history →

Source: SEC EDGAR

accession 0000039263-23-000070

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.