Cullen/Frost Bankers (CFR - Free Report) reported $523.66 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.1%. EPS of $2.18 for the same period compares to $2.91 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $498.09 million, representing a surprise of +5.13%. The company delivered an EPS surprise of +8.46%, with the consensus EPS estimate being $2.01.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cullen/Frost performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin (FTE): 3.4% compared to the 3.4% average estimate based on seven analysts.
- Net loan charge-offs to average loans: 0.2% versus the six-analyst average estimate of 0.2%.
- Total earning assets and average rate earned - Average balance: $45.58 billion versus the six-analyst average estimate of $45.45 billion.
- Total Non-Performing Loans/ Non-accrual loans: $60.91 million compared to the $65.45 million average estimate based on three analysts.
- Tier 1 Risk-based Capital Ratio: 13.7% compared to the 14.7% average estimate based on three analysts.
- Total Risk-based Capital Ratio: 15.2% compared to the 16.1% average estimate based on three analysts.
- Leverage Ratio: 8.4% versus the two-analyst average estimate of 9.3%.
- Total Non-Interest Income: $113.75 million versus the seven-analyst average estimate of $103.56 million.
- Net Interest Income (FTE): $409.90 million versus $395.98 million estimated by seven analysts on average.
- Other charges, commissions and fees: $12.10 million compared to the $12.63 million average estimate based on five analysts.
- Insurance commissions and fees: $12.74 million versus $12.84 million estimated by five analysts on average.
- Trust and investment management fees: $40.16 million versus the five-analyst average estimate of $38.02 million.
View all Key Company Metrics for Cullen/Frost here>>>Shares of Cullen/Frost have remained unchanged over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Cullen/Frost Bankers (CFR - Free Report) reported $523.66 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 1.1%. EPS of $2.18 for the same period compares to $2.91 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $498.09 million, representing a surprise of +5.13%. The company delivered an EPS surprise of +8.46%, with the consensus EPS estimate being $2.01.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cullen/Frost performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin (FTE): 3.4% compared to the 3.4% average estimate based on seven analysts.
- Net loan charge-offs to average loans: 0.2% versus the six-analyst average estimate of 0.2%.
- Total earning assets and average rate earned - Average balance: $45.58 billion versus the six-analyst average estimate of $45.45 billion.
- Total Non-Performing Loans/ Non-accrual loans: $60.91 million compared to the $65.45 million average estimate based on three analysts.
- Tier 1 Risk-based Capital Ratio: 13.7% compared to the 14.7% average estimate based on three analysts.
- Total Risk-based Capital Ratio: 15.2% compared to the 16.1% average estimate based on three analysts.
- Leverage Ratio: 8.4% versus the two-analyst average estimate of 9.3%.
- Total Non-Interest Income: $113.75 million versus the seven-analyst average estimate of $103.56 million.
- Net Interest Income (FTE): $409.90 million versus $395.98 million estimated by seven analysts on average.
- Other charges, commissions and fees: $12.10 million compared to the $12.63 million average estimate based on five analysts.
- Insurance commissions and fees: $12.74 million versus $12.84 million estimated by five analysts on average.
- Trust and investment management fees: $40.16 million versus the five-analyst average estimate of $38.02 million.
View all Key Company Metrics for Cullen/Frost here>>>Shares of Cullen/Frost have remained unchanged over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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