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Cullen/Frost Bankers (CFR)
NYSE:CFR
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.16Last Year’s EPS
2.06Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 4.50%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with strong quarterly results, significant loan and deposit growth, and successful expansion efforts. However, the decline in full-year earnings, increased nonperforming assets, and higher net charge-offs pose challenges. The overall sentiment is cautious optimism with a focus on managing risks and maintaining growth.Company Guidance
During the fourth quarter and full year 2024 results conference call for Cullen/Frost Bankers, various financial metrics and guidance were discussed. The company reported fourth-quarter earnings of $153.2 million, or $2.36 per share, a notable increase from the $100.9 million, or $1.55 per share, from the same quarter last year. For the full year 2024, net income available to common shareholders was $575.9 million, compared to $591.3 million in 2023, with earnings per share at $8.87, down from $9.10 the previous year. The return on average assets was 1.19%, and average common equity was 15.58% for the fourth quarter, both improvements from the previous year. Average deposits rose to $41.9 billion, and average loans increased by 9% to $20.3 billion. The company highlighted significant growth in consumer loans, with a 21% annual increase, and anticipated 2025 loan growth in the mid to high single digits. They plan for net interest income growth of 4% to 6% and expect the net interest margin to improve by about 10 basis points. The company also discussed its ongoing expansion efforts, which have generated $2.4 billion in deposits and $1.8 billion in loans, surpassing their goals. Despite these achievements, the company is mindful of competitive pressures and intends to continue investing in technology and branch expansions to sustain growth.Strong Quarterly and Annual Performance
Cullen/Frost earned $153.2 million or $2.36 per share in Q4 2024, compared to $100.9 million or $1.55 per share in Q4 2023. Full-year net income was $575.9 million compared to $591.3 million in 2023.
Significant Loan Growth
Average loans grew by 9% to $20.3 billion in Q4 2024 compared to $18.6 billion in Q4 2023, with strong consumer loan growth at a 21% annual growth rate.
Expansion Success
Expansion efforts generated $2.4 billion in deposits, $1.8 billion in loans, and added more than 59,000 new households. Consumer checking household growth continued its 4-year run of 6% or greater growth.
Improved Return Metrics
Return on average assets and average common equity in Q4 2024 were 1.19% and 15.58% respectively, compared to 0.82% and 13.51% in Q4 2023.
Positive Deposit Trends
Average deposits in Q4 2024 were $41.9 billion, up from $41.2 billion in Q4 2023, with consumer deposits growing 3.2% for the year.
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CFR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CFR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $138.80 | $140.53 | +1.25% |
| Oct 31, 2024 | $129.60 | $126.50 | -2.39% |
| Jul 25, 2024 | $112.13 | $115.94 | +3.40% |
| Apr 25, 2024 | $114.04 | $108.07 | -5.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cullen/Frost Bankers (CFR) report earnings?
Cullen/Frost Bankers (CFR) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Cullen/Frost Bankers (CFR) earnings time?
Cullen/Frost Bankers (CFR) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CFR EPS forecast?
CFR EPS forecast for the fiscal quarter 2025 (Q1) is 2.16.
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