earnings
confidence high
sentiment negative
materiality 0.75
Cullen/Frost Q3 2024 EPS falls to $2.24 from $2.38 YoY; net interest income up 4.4%
CULLEN/FROST BANKERS, INC.
2024-Q3 EPS reported
$6.51
revenue$1,527,368,000
- Net income available to common $144.8M, down from $154.0M YoY; diluted EPS $2.24 vs $2.38.
- Net interest income (tax-equiv) $425.2M, up 4.4% YoY; net interest margin 3.56%.
- Average loans $20.1B, up 11.8% YoY; average deposits $40.7B, down 0.2% YoY.
- Non-accrual loans $104.9M vs $67.2M YoY; credit loss expense $19.4M vs $11.2M.
- Quarterly dividend declared $0.95 per common share, payable Dec 13, 2024.