---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-24-000055"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:26:43.450327+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000039263-24-000055
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926324000055/0000039263-24-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926324000055/cfr-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-24-000055
- JSON: https://secwatch.observer/filing/0000039263-24-000055.json
- Plain text: https://secwatch.observer/filing/0000039263-24-000055.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.