Cullen/Frost Bankers Q4 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19h ago
0mins
Source: seekingalpha
- Strong Earnings Performance: Cullen/Frost Bankers reported a Q4 GAAP EPS of $2.56, beating expectations by $0.09, which underscores the company's robust profitability and boosts investor confidence.
- Significant Revenue Growth: The bank's Q4 revenue reached $580.57 million, reflecting a 4.3% year-over-year increase and surpassing market expectations by $2.25 million, indicating sustained business expansion and demand.
- Shareholder Return Initiatives: The board declared a dividend for common and preferred stock for Q1 and authorized a $300 million stock repurchase program, aimed at enhancing shareholder value and reinforcing market confidence in the company's future performance.
- Expansion Strategy Yielding Results: Cullen/Frost's expansion efforts from Q3 are beginning to bear fruit, and combined with strong financial data, this indicates an improving competitive position in the market.
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Analyst Views on CFR
Wall Street analysts forecast CFR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CFR is 139.78 USD with a low forecast of 114.00 USD and a high forecast of 154.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
4 Hold
2 Sell
Hold
Current: 135.190
Low
114.00
Averages
139.78
High
154.00
Current: 135.190
Low
114.00
Averages
139.78
High
154.00
About CFR
Cullen/Frost Bankers, Inc. is a financial holding company and a bank holding company. The Company provides an array of products and services throughout numerous Texas markets. The Company's segments include Banking and Frost Wealth Advisors. The Banking segment includes both commercial and consumer banking services and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products. Consumer banking services include direct lending and depository services. Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and securities brokerage services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CULLEN/FROST BANKERS Reports Q4 Earnings Per Share of USD 2.56
- Earnings Report: Cullen/Frost Bankers reported earnings per share (EPS) of $2.56 for the fourth quarter.
- Financial Performance: The bank's financial performance reflects strong growth and stability in its operations.
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CULLEN/FROST BANKERS REPORTS Q4 NET INCOME OF USD 166.252 MILLION
- Financial Performance: Cullen/Frost Bankers reported a net income of USD 166.25 million for the fourth quarter.
- Quarterly Results: The financial results indicate a strong performance for the bank in the last quarter of the fiscal year.
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