secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0000039263-25-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926325000007/0000039263-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926325000007/cfr-20250130.htm
  HTML page:      https://secwatch.observer/filing/0000039263-25-000007

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