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, Inc. (NYSE:CFR) has announced its upcoming conference call on January 27, 2022, to discuss fourth quarter 2021 earnings. The earnings release will be available at approximately 8:00 a.m. CT on their investor relations website. CEO Phil Green, CFO Jerry Salinas, and Investor Relations Director A.B. Mendez will lead the call starting at 1:00 p.m. CT, which will include a Q&A session for analysts. Playback of the call will be available until January 30, 2022.
Frost Bank, a prominent Texas bank, has announced an increase in its minimum starting pay to $20 per hour, affecting approximately 1,800 employees across Texas. This decision reflects the bank's commitment to competitive workplace practices and employee welfare, representing an annual investment of around $15 million. The increase is part of a broader strategy that includes enhanced benefits, technology investments, and a focus on diversity, inclusion, and equity.
Cullen/Frost Bankers reported a net income of $106.3 million for Q3 2021, a 12% increase from $95.1 million in Q3 2020. Diluted EPS rose to $1.65 from $1.50. Average loans decreased 10.8% to $16.2 billion, while average deposits surged 19% to $39.1 billion. Non-interest income was $93.2 million, up 11.5% year-over-year. The company maintained strong capital ratios, with a Common Equity Tier 1 ratio of 13.42%. A fourth-quarter dividend of $0.75 was declared, payable on December 15, 2021.
Blend (NYSE: BLND) has expanded its partnership with Frost Bank to enhance digital transformation across various banking services. Previously focused on home equity loans, the collaboration now includes mortgage, consumer banking, and deposits. Frost Bank, ranked highest in customer satisfaction among Texas banks by J.D. Power, aims to streamline customer experiences through Blend’s technology, improving operational efficiency for loan officers. This initiative supports Frost Bank's commitment to advancing customer service in retail banking.
Cullen/Frost Bankers, Inc. (NYSE:CFR) will hold a conference call on October 28, 2021, to discuss its third quarter 2021 earnings. The earnings release will be available at approximately 8:00 a.m. CT. CEO Phil Green, CFO Jerry Salinas, and SVP A.B. Mendez will host the call starting at 1:00 p.m. CT. Interested parties can join via phone or live webcast. The playback of the call will be accessible from 5:00 p.m. CT on the same day until October 31, 2021.
Cullen/Frost Bankers (NYSE:CFR) announced the full redemption of its Floating Rate Junior Subordinated Debt Securities due 2034. The redemption includes Capital Securities totaling $13,000,000 and Common Securities amounting to $403,000, with payments due on October 23, 2021. Holders must surrender their securities either in-person or by mail to receive payment. As of June 30, 2021, Cullen/Frost reported assets of $46.7 billion, providing various banking services across Texas. This move indicates a strategic financial move aiming to manage debt obligations effectively.
Cullen/Frost Bankers, Inc. (NYSE:CFR) reported strong second quarter 2021 results, with net income available to common shareholders reaching $116.4 million, up from $93.1 million in Q2 2020. Diluted EPS rose to $1.80 from $1.47 year-over-year. Average deposits increased by 22.2% to $38.3 billion, while average loans fell by 1.7% to $17.2 billion. The company's Common Equity Tier 1 ratio stood at 13.60%. A quarterly cash dividend of $0.75 per share was declared, marking a 4% increase. The company is expanding its operations in Dallas following a successful branch expansion in Houston.
Cullen/Frost Bankers, Inc. (NYSE: CFR) will hold a conference call on July 29, 2021, to discuss its second quarter 2021 earnings. The earnings release will be accessible starting at 8:00 a.m. CT. The call, led by CEO Phil Green and CFO Jerry Salinas, begins at 1:00 p.m. CT and will include a Q&A session for analysts. Participants can join via a toll-free number or listen to a live webcast. A playback option will be available from 5:00 p.m. CT on the day of the call until midnight on August 1, 2021.
Cullen/Frost Bankers reported first quarter 2021 results showing a net income of $113.9 million, up from $47.2 million in Q1 2020. Earnings per diluted share increased to $1.77 from $0.75. Average loans rose by 17.9% to $17.7 billion, while average deposits surged 29.3% to $35.4 billion. However, net interest income decreased by 1.7% to $263.9 million and non-interest income fell to $93.2 million, down from $212.9 million in Q1 2020. The bank announced a cash dividend of $0.72 per share, payable June 15, 2021. Total assets were $44.0 billion as of March 31, 2021.
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