---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-24-000067"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:44:26.344116+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cullen/Frost Q3 2024 EPS falls to $2.24 from $2.38 YoY; net interest income up 4.4%

## Summary
- 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.

## SEC filing metadata
- accession: 0000039263-24-000067
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926324000067/0000039263-24-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926324000067/cfr-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-24-000067
- JSON: https://secwatch.observer/filing/0000039263-24-000067.json
- Plain text: https://secwatch.observer/filing/0000039263-24-000067.txt

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