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) is a San Antonio-based financial holding company whose news flow reflects its role as one of the 50 largest U.S. banks. Through its Frost Bank subsidiary, the company provides banking, investments and insurance services to businesses and individuals across major Texas regions, including Austin, Dallas, Fort Worth, the Gulf Coast, Houston, the Permian Basin, the Rio Grande Valley and San Antonio.
News about Cullen/Frost frequently centers on quarterly and annual earnings results, where the company reports trends in net interest income, loan and deposit growth, non-interest income categories, credit loss expense and capital ratios. These releases often include management commentary on its organic growth model, branch expansion in Texas markets and investments in digital banking and technology.
Investors following CFR news will also see announcements of board actions, such as declarations of cash dividends on common and preferred stock and authorization of share repurchase programs. Additional updates include notices of scheduled earnings conference calls and webcasts, where executives discuss financial performance and answer questions from the analyst community.
Beyond financial metrics, Cullen/Frost-related news can highlight Frost Bank’s role in community and housing initiatives, such as participation in Federal Home Loan Bank of Dallas Affordable Housing Program grants that support affordable senior housing developments in Texas. Technology partnerships, like Frost Bank’s implementation of a cloud-based platform to manage over-the-counter derivatives focused on commodities and interest rates, also appear in the news stream and illustrate operational developments.
This CFR news page aggregates such items so readers can review earnings announcements, capital and dividend decisions, community development activities and technology partnerships in one place. Regularly checking this feed helps track how Cullen/Frost’s Texas-focused banking franchise is evolving over time.
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.
Cullen/Frost Bankers reported second-quarter 2020 net income of $93.1 million, down from $109.6 million a year earlier. Earnings per share decreased to $1.47 from $1.72. Average loans rose 22.1% to $17.5 billion, while average deposits increased by 20.5% to $31.3 billion. The bank's net interest income declined by 2.9% to $269.7 million. Credit loss expenses related to loans were $27.2 million, contrasting with higher first-quarter figures. The board declared a third-quarter cash dividend of $0.71 per share, payable September 15, 2020.
Cullen/Frost Bankers, Inc. (NYSE:CFR) will hold a conference call on July 30, 2020, to discuss its second quarter 2020 earnings. The earnings release will be available at 8:00 a.m. CT on the company’s investor relations website. The call starts at 10:00 a.m. CT and will be hosted by top executives including Phil Green and Jerry Salinas. A playback of the call will be accessible from 2:00 p.m. CT on the day of the call until midnight on August 2, 2020.