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) will host a conference call on April 29, 2021, to discuss its first quarter 2021 earnings. The earnings release will be available at 8:00 a.m. CT on the investor relations website. The call will begin at 1:00 p.m. CT and includes remarks from CEO Phil Green and CFO Jerry Salinas, followed by a Q&A session. Interested individuals can listen via telephone at 800-944-6430 or through a live webcast. A playback of the conference call will be available until midnight on May 2, 2021.
Frost Investment Advisors LLC (NYSE: CFR) has appointed Mace McCain as president and managing director, succeeding Tom Stringfellow, who retired after over 40 years. McCain, with 35 years in financial management, has been with Frost since 2000, previously managing significant relationships and leading portfolio management. Frost Investment Advisors manages over $4.1 billion in mutual fund assets and has $4.9 billion in assets under management as of December 31, 2020. The firm has provided institutional and retail shares since 2008.
Cullen/Frost Bankers reported Q4 2020 net income of $88.3 million ($1.38/share), down from $101.7 million ($1.60/share) in Q4 2019. 2020 total net income was $323.6 million, a 25.7% decrease from 2019's $435.5 million. Notable metrics include return on average assets at 0.85% and common equity at 8.11%. Average loans rose by 22% to $17.9 billion, while deposits increased by 25.5% to $34.1 billion. The board declared a cash dividend of $0.72 per common share and authorized a $100 million stock repurchase plan.
Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on January 28, 2021, at 1:00 p.m. CT to discuss its fourth quarter 2020 earnings. The earnings release will be available at 8:00 a.m. CT on the same day. CEO Phil Green, CFO Jerry Salinas, and Investor Relations Director A.B. Mendez will lead the call. Interested parties can join via telephone (800-944-6430) or listen to a live webcast on the company's investor relations page. A playback of the call will be accessible post-event until January 31, 2021.
Frost Bank has officially partnered with Fi-Tek LLC, implementing the GWES wealth management platform as of May 31, 2020. The deployment was achieved remotely due to pandemic restrictions, allowing training for hundreds of users across Texas. The platform enhances wealth management capabilities for various sectors including Oil & Gas and Real Estate. Fi-Tek's CEO highlighted this as a milestone, marking the first fully remote implementation in the firm's history. Frost Bank, a significant U.S. bank with $34 billion in assets, aims for a collaborative future with Fi-Tek to improve financial services.
Cullen/Frost Bankers, Inc. (NYSE: CFR) announced a public offering of 6,000,000 depositary shares, representing a 1/40th interest in its 4.450% non-cumulative perpetual preferred stock, Series B, aiming for gross proceeds of $150 million. The offering, closing on November 19, 2020, will generate approximately $145.5 million in net proceeds for general corporate purposes. Morgan Stanley, BofA Securities, and Goldman Sachs are the offering's joint-book running managers.
Cullen/Frost Bankers (NYSE:CFR) reported a third quarter 2020 net income of $95.1 million, down from $109.8 million in 2019. The diluted EPS was $1.50, compared to $1.73 a year earlier. Net interest income decreased by 3.5% to $267.0 million, while average loans rose 25.4% to $18.1 billion. Non-interest income fell 6.3% to $83.6 million, reflecting a decrease in service charges and transaction fees due to the pandemic. The company declared a $0.72 cash dividend per share, payable December 15, 2020.
Cullen/Frost Bankers, Inc. (NYSE: CFR) will hold a conference call on October 29, 2020, at 4:00 p.m. CT to discuss its third-quarter earnings. The earnings release will be available at approximately 8:00 a.m. CT on the same day. The event will feature remarks from key executives including Phil Green, Jerry Salinas, and A.B. Mendez, followed by a Q&A session. Interested individuals can join via telephone or listen to a live webcast at frostbank.com/investor-relations. A playback will be available after the call until November 1, 2020.
Cullen/Frost Bankers, Inc. (NYSE:CFR) will hold a conference call on October 29, 2020, at 10:00 a.m. CT to discuss its third quarter earnings.
The earnings release will be available at approximately 8:00 a.m. CT on their investor relations website. During the call, executives including Chairman and CEO Phil Green and CFO Jerry Salinas will present followed by a Q&A session. Stakeholders can access the call through a toll-free number or a live webcast, with playback available post-call.
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