earnings
confidence high
sentiment positive
materiality 0.70
Cullen/Frost Q2 EPS $2.70, up 13% YoY; loans +7.4%, deposits +2.1%
CULLEN/FROST BANKERS, INC.
- Net income available to common shareholders $170.4M ($2.70 diluted EPS) vs $155.3M ($2.39) a year ago.
- Net interest income (taxable-equivalent) $470.1M, up 4.3% YoY; net interest margin 3.75% vs 3.67%.
- Average loans $22.6B (+7.4% YoY); average deposits $42.6B (+2.1% YoY).
- Board declared Q3 common dividend $1.03/share, payable Sept 15 to holders of record Aug 31.
- Repurchased 654,955 shares for $90M in Q2; $140M remaining under $300M authorization.