CFR earnings analysis
What we found in CFR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Beats Estimates
- Diluted EPS of $2.65 surpassed estimates by $0.16 (≈6.43%).
- Operating Margin Improvement
- Operating margin improved to 25.3% from prior period's 25.4%.
- Strong Loan Growth
- Management noted an increase in loan growth contributing to stability.
- Inventories Steady
- Inventories remained stable at $50 million, consistent with previous quarter.
- Cash Position Solid
- Cash and cash equivalents increased to $425 million, up from $400 million in Q4.
- Stock Repurchase Program Ongoing
- The authorized stock repurchase program remains active with $230 million available.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Shortfall
- Q1 revenue of $575 million was below estimates by 1.72%.
- Increased Market Sensitivity
- Interest rate risk profile showed a reduction in asset sensitivity from the previous quarter.
- Legal Proceedings Risk
- Ongoing legal claims could impact financial statements, though currently not expected to be material.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.65
- Operating margin
- 25.3%
What they said about what is next.
Guidance raised for full-year EPS from $9.50-$10.00 to $10.00-$10.50.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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