Cullen Frost Bankers Inc - CFR STOCK NEWS

Cullen/Frost Bankers (NYSE:CFR) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Thursday, May 1, 2025. The earnings release will be available at approximately 8:00 a.m. Central Time on their investor website.

The conference call will commence at 1:00 p.m. CT (2:00 p.m. Eastern) and will be led by Phil Green (Chairman and CEO), Daniel J. Geddes (Group Executive Vice President and CFO), and A.B. Mendez (Senior Vice President and Director of Investor Relations). Following prepared remarks, there will be a Q&A session for analysts.

Interested parties can access the call via phone (Domestic: 877-709-8150) or through a live webcast at the investor relations website. The webcast recording will be available for playback after 5:00 p.m. CT on the same day.

Frost Bank (CFR) has achieved a remarkable milestone by ranking highest in retail banking customer satisfaction in Texas for the 16th consecutive year according to the J.D. Power 2025 U.S. Retail Banking Satisfaction Study℠. The bank scored 745 points, surpassing the Texas region average by 68 points.

Frost dominated the study by securing the top position in six out of seven dimensions, including trust, people, account offerings, banking accessibility, saving time and money, and digital channels. The achievement demonstrates the bank's consistent commitment to maintaining service excellence despite recent growth.

The J.D. Power study, which surveys 110,000 customers nationwide, is recognized as the most comprehensive and longest-running assessment of the retail banking industry, with Texas being evaluated as a separate region for the past 16 years.

Cullen/Frost Bankers (NYSE:CFR) reported Q4 2024 net income of $153.2 million ($2.36 per diluted share), up from $100.9 million in Q4 2023. The increase was partly due to the absence of a $51.5 million FDIC special surcharge that affected Q4 2023.

For full-year 2024, net income was $575.9 million ($8.87 per share), down 2.6% from $591.3 million in 2023. Q4 2024 showed positive trends with net interest income increasing 5.8% to $433.7 million, average loans growing 9.3% to $20.3 billion, and average deposits rising 1.7% to $41.9 billion year-over-year.

The board declared a Q1 dividend of $0.95 per common share and authorized a new $150 million stock repurchase program. The bank maintained strong capital ratios with Common Equity Tier 1 at 13.62%, while credit quality metrics showed non-accrual loans at $78.9 million at year-end 2024.

Cullen/Frost Bankers (NYSE:CFR) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for Thursday, January 30, 2025. The earnings release will be available at approximately 8:00 a.m. Central Time on the company's investor relations website.

The conference call will begin at 1:00 p.m. CT (2:00 p.m. Eastern) and will be led by Phil Green (Chairman and CEO), Daniel Geddes (Group Executive Vice President and CFO), and A.B. Mendez (Senior Vice President and Director of Investor Relations). Following prepared remarks, there will be a Q&A session for analysts.

The call will be accessible via telephone (877-709-8150) and through a live webcast on the company's investor relations website. A recording of the webcast will be available for playback after 5:00 p.m. CT on the same day.

Cullen/Frost Bankers (NYSE: CFR) reported Q3 2024 net income of $144.8 million, down from $154.0 million in Q3 2023. Earnings per share decreased to $2.24 from $2.38 year-over-year. Net interest income rose 4.4% to $425.2 million, with average loans increasing 11.8% to $20.1 billion. Average deposits slightly decreased by 0.2% to $40.7 billion. The company declared a Q4 cash dividend of $0.95 per common share. Non-interest income increased 7.3% to $113.7 million, while non-interest expense rose 10.3% to $323.4 million. The bank maintained strong capital ratios with Common Equity Tier 1 at 13.55%.

Cullen/Frost Bankers, Inc. (NYSE:CFR) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Thursday, October 31, 2024. The earnings release will be available at approximately 8:00 a.m. Central Time on the company's investor relations website. The conference call will begin at 1:00 p.m. CT (2:00 p.m. Eastern) and will be hosted by Phil Green (Chairman and CEO), Jerry Salinas (Group Executive Vice President and CFO), and A.B. Mendez (Senior Vice President and Director of Investor Relations).

Analysts can participate in a Q&A session following the prepared remarks. The call will be accessible via phone (Domestic: 877-709-8150) and through a live webcast on the company's investor relations website. A replay of the webcast will be available after 5:00 p.m. CT on the day of the call.

Frost has partnered with Valor to integrate mineral.tech®, a state-of-the-art mineral management software, to enhance services for its mineral asset management clients. The software provides increased visibility and transparency in managing mineral assets by digitally mapping interests, organizing historical paperwork, tracking revenue, and producing analytics reports.

Brad Ince, a senior VP at Frost, highlighted the software's advanced reporting and analytics capabilities, which offer clients full visibility and real-time access to their mineral asset portfolios. Matt Autry, president of Valor, expressed confidence that mineral.tech® will help provide Frost's clients with increased clarity and accessibility into their mineral rights assets.

Cullen/Frost Bankers (NYSE: CFR) reported Q2 2024 results with net income of $143.8 million, down from $160.4 million in Q2 2023. Earnings per share decreased to $2.21 from $2.47 year-over-year. Net interest income rose 2.2% to $417.6 million, while average loans increased 11.3% to $19.7 billion. Average deposits decreased 1.2% to $40.5 billion. The company's board increased the quarterly dividend by 3.3% to $0.95 per share. Despite lower earnings, Cullen/Frost reported solid loan growth and continued execution of its organic growth strategy. The bank maintains strong capital ratios, with Common Equity Tier 1 at 13.35%, well above regulatory requirements.

Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, July 25, 2024, to discuss its second quarter 2024 earnings. The earnings release will be available online at around 8:00 a.m. Central Time (CT). The conference call, led by key executives Phil Green, Jerry Salinas, and A.B. Mendez, will begin at 1:00 p.m. CT and include a Q&A session for analysts. Interested individuals can join via webcast or domestic phone number. The webcast will be archived for later playback starting at 5:00 p.m. CT the same day. For more information, contact Investor Relations at (210) 220-5234.