10-Q · October 31, 2024
Cullen/Frost reported Q3 2024 revenue of $518,038,000 (net interest income $404,331,000; non-interest income $113,707,000), up $26,614,000 (5.4%) year-over-year and up $10,136,000 (2.0%) sequentially. Diluted EPS was…
Earnings analysis · 10-Q
CFR earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Cullen/Frost Bankers, Inc. reported Q1 2026 results with a diluted EPS of $2.65, exceeding the consensus estimate of $2.49 by approximately 6.43%. However, revenue of $575 million fell slightly short of expectations of…
Read full summary
Cullen/Frost Bankers, Inc. reported Q1 2026 results with a diluted EPS of $2.65, exceeding the consensus estimate of $2.49 by approximately 6.43%. However, revenue of $575 million fell slightly short of expectations of $584.9 million, representing a decrease compared to the prior quarter. The company reported strong operating margins and guidance for full-year EPS has been raised to $10.00 - $10.50 from $9.50 - $10.00.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.65
- Operating margin
- 25.3%
What stood out
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EPS Beats Estimates
Diluted EPS of $2.65 surpassed estimates by $0.16 (≈6.43%).
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Operating Margin Improvement
Operating margin improved to 25.3% from prior period's 25.4%.
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Strong Loan Growth
Management noted an increase in loan growth contributing to stability.
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Inventories Steady
Inventories remained stable at $50 million, consistent with previous quarter.
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Cash Position Solid
Cash and cash equivalents increased to $425 million, up from $400 million in Q4.
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Stock Repurchase Program Ongoing
The authorized stock repurchase program remains active with $230 million available.
What to watch
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Revenue Shortfall
Q1 revenue of $575 million was below estimates by 1.72%.
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Increased Market Sensitivity
Interest rate risk profile showed a reduction in asset sensitivity from the previous quarter.
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Legal Proceedings Risk
Ongoing legal claims could impact financial statements, though currently not expected to be material.
Management's outlook
Guidance raised for full-year EPS from $9.50-$10.00 to $10.00-$10.50.
Earlier filings 4
10-Q · April 25, 2024
Cullen/Frost reported lower quarterly earnings with net income of $135,690 (three months ended March 31, 2024) and diluted EPS of $2.06, down from $177,653 and $2.70 a year earlier. Total net revenue (net interest…
10-K · February 6, 2024
Cullen/Frost presents itself as a locally-oriented, community-based Texas financial services franchise focused on organic growth, expanding fee-based income and selective, culturally-aligned acquisitions. At December…
10-Q · October 28, 2021
Cullen/Frost beat consensus in Q3 with diluted EPS of $1.65 (vs $1.50 a year ago) and net income of $107,975. Core net interest income improved to $246,122 while deposit balances grew $4,597,006 to $39,612,767,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.