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AI brief of an SEC Form 8-K · Frost Bank (CFR)

Cullen/Frost Q2 profit falls to $143.8 million; EPS $2.21 vs. $2.47 a year earlier

Negative Impact 3 of 5 earnings Written later

Cullen/Frost reported second-quarter 2024 net income available to common shareholders of $143.8 million, down from $160.4 million a year earlier, and diluted EPS of $2.21 versus $2.47. The board also raised the quarterly common dividend 3.3 percent to $0.95 per share, payable September 13, 2024.

Key points

  • Net income available to common shareholders: $143.8 million in Q2 2024 vs. $160.4 million in Q2 2023
  • Diluted EPS: $2.21 vs. $2.47 a year earlier; net interest margin 3.54 percent vs. 3.45 percent
  • Average loans rose 11.3 percent year over year to $19.7 billion; average deposits fell 1.2 percent to $40.5 billion
  • Quarterly common dividend increased to $0.95 from $0.92, payable September 13, 2024 to holders of record on August 30

The filing

CompanyFrost Bank (CFR)
Form8-K, current report
Filed with the SECJul 25, 2024, 9:10 AM ET
Accession number0000039263-24-000055

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.