Cullen/Frost Q2 2024 EPS $2.21 down from $2.47 YoY; board raises dividend 3.3% to $0.95

CULLEN/FROST BANKERS, INC.

2024-Q2 EPS reported $4.27 revenue$1,009,330,000

Net income available to common $143.8M ($2.21 diluted EPS) vs $160.4M ($2.47) a year ago.
Average loans up 11.3% YoY to $19.7B; net interest margin expanded to 3.54% from 3.45% YoY.
Non-interest expense rose 11.2% to $317.0M, driven by higher salaries and technology costs.
Quarterly common dividend raised 3.3% to $0.95 per share; payable Sept 13, 2024 to holders of record Aug 30.
Non-accrual loans increased to $75.0M; credit loss expense $15.8M vs $9.9M in Q2 2023.

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.