---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-25-000007"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:57:27.167136+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cullen/Frost Q4 net income $153.2M, EPS $2.36; declares $0.95 dividend and $150M buyback

## Summary
- Q4 net income available to common shareholders $153.2M, up from $100.9M a year ago (includes $51.5M FDIC surcharge in Q4 2023); diluted EPS $2.36 vs $1.55.
- Excluding FDIC surcharge, Q4 EPS increased 8.3% to $2.36 vs $2.18 year ago; full-year 2024 EPS $8.87 vs $9.10 in 2023.
- Net interest income (tax-equivalent) $433.7M, up 5.8% YoY; net interest margin 3.53% vs 3.41% a year ago.
- Average loans $20.3B, up 9.3% YoY; average deposits $41.9B, up 1.7% YoY; non-accrual loans $78.9M vs $60.9M year-end 2023.
- Board declared $0.95/share cash dividend (payable March 14, 2025) and approved $150M share repurchase program through Jan 28, 2026.

## SEC filing metadata
- accession: 0000039263-25-000007
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/39263/000003926325000007/0000039263-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926325000007/cfr-20250130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-25-000007
- JSON: https://secwatch.observer/filing/0000039263-25-000007.json
- Plain text: https://secwatch.observer/filing/0000039263-25-000007.txt

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