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

Cullen/Frost Q4 profit rises to $153.2 million; full-year profit falls 2.6%

Mixed Impact 3 of 5 earnings Written later

Cullen/Frost reported fourth-quarter 2024 net income available to common shareholders of $153.2 million, up from $100.9 million a year earlier, when results included a $51.5 million FDIC surcharge. For full-year 2024, net income available to common shareholders fell 2.6% to $575.9 million, and diluted EPS was $8.87 versus $9.10 in 2023. The board also authorized a $150 million share repurchase program running through January 28, 2026.

Key points

  • Q4 2024 net income available to common shareholders was $153.2 million, up $52.3 million from $100.9 million in Q4 2023
  • Q4 2024 diluted EPS was $2.36, compared with $1.55 in Q4 2023
  • Full-year 2024 net income available to common shareholders was $575.9 million, down 2.6% from $591.3 million in 2023
  • Board authorized up to $150 million in common stock repurchases through January 28, 2026, and declared a first-quarter dividend of $0.95 per common share payable March 14, 2025

The filing

CompanyFrost Bank (CFR)
Form8-K, current report
Filed with the SECJan 30, 2025, 9:28 AM ET
Accession number0000039263-25-000007

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits 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 January 30, 2025.

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