secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000039263-24-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926324000067/0000039263-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926324000067/cfr-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000039263-24-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer