Welcome to our dedicated page for Cullen Frost Bankers news (Ticker: CFR), a resource for investors and traders seeking the latest updates and insights on Cullen Frost Bankers stock.
Cullen/Frost Bankers Inc (NYSE: CFR) maintains its position as a leading Texas-based financial institution through strategic initiatives and community-focused banking. This news hub provides investors and stakeholders with essential updates on the company's operational developments, financial performance, and market positioning.
Access timely press releases covering quarterly earnings, merger activity, leadership appointments, and regulatory filings. Our curated collection serves as a definitive resource for tracking CFR's business decisions within the competitive regional banking landscape.
Key updates include detailed analyses of commercial lending trends, deposit growth strategies, and the bank's responses to evolving economic conditions. Content is organized to help users quickly identify material developments affecting long-term value creation in Texas markets.
Bookmark this page for streamlined access to Cullen/Frost's official communications and third-party analysis. Regularly updated information enables informed decision-making about this relationship-driven regional bank.
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.
Cullen/Frost Bankers (NYSE: CFR) announced that Jerry Salinas, the group's Chief Financial Officer (CFO), will retire at the end of 2024 after nearly four decades with the company. Salinas has been instrumental in major initiatives such as acquisitions and expansion projects. He will be succeeded by Dan Geddes, current San Antonio Region President, who will assume the CFO role on January 1, 2025. Additionally, Clay Jones has been appointed as the new San Antonio Region President, and Matt Henson will become the Chief Accounting Officer, effective January 1, 2025.
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