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Cullen/Frost (CFR) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Cullen/Frost Bankers (CFR - Free Report) reported revenue of $538.87 million, up 5% over the same period last year. EPS came in at $2.24, compared to $2.38 in the year-ago quarter.
The reported revenue represents a surprise of +3.03% over the Zacks Consensus Estimate of $523.03 million. With the consensus EPS estimate being $2.16, the EPS surprise was +3.70%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
Total earning assets and average rate earned - Average balance: $46.10 billion versus the five-analyst average estimate of $45.73 billion.
Net loan charge-offs to average loans: 0.2% compared to the 0.3% average estimate based on five analysts.
Net Interest Margin (FTE): 3.6% versus the five-analyst average estimate of 3.6%.
Book value per common share at end of quarter: $62.41 compared to the $59.07 average estimate based on four analysts.
Tier 1 Risk-based Capital Ratio: 14% compared to the 15% average estimate based on two analysts.
Leverage Ratio: 8.8% compared to the 9.4% average estimate based on two analysts.
Total Non-Performing Loans/ Non-accrual loans: $104.88 million versus $71.16 million estimated by two analysts on average.
Total Risk-based Capital Ratio: 15.5% compared to the 16.3% average estimate based on two analysts.
Net Interest Income (FTE): $425.16 million compared to the $417.43 million average estimate based on five analysts.
Total Non-Interest Income: $113.71 million versus the five-analyst average estimate of $110.11 million.
Net Interest Income: $404.33 million versus the four-analyst average estimate of $393.16 million.
Other charges, commissions and fees: $13.06 million versus $13.08 million estimated by three analysts on average.
Shares of Cullen/Frost have returned +20.4% over the past month versus the Zacks S&P 500 composite's +1% 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 (CFR) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Cullen/Frost Bankers (CFR - Free Report) reported revenue of $538.87 million, up 5% over the same period last year. EPS came in at $2.24, compared to $2.38 in the year-ago quarter.
The reported revenue represents a surprise of +3.03% over the Zacks Consensus Estimate of $523.03 million. With the consensus EPS estimate being $2.16, the EPS surprise was +3.70%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Total earning assets and average rate earned - Average balance: $46.10 billion versus the five-analyst average estimate of $45.73 billion.
- Net loan charge-offs to average loans: 0.2% compared to the 0.3% average estimate based on five analysts.
- Net Interest Margin (FTE): 3.6% versus the five-analyst average estimate of 3.6%.
- Book value per common share at end of quarter: $62.41 compared to the $59.07 average estimate based on four analysts.
- Tier 1 Risk-based Capital Ratio: 14% compared to the 15% average estimate based on two analysts.
- Leverage Ratio: 8.8% compared to the 9.4% average estimate based on two analysts.
- Total Non-Performing Loans/ Non-accrual loans: $104.88 million versus $71.16 million estimated by two analysts on average.
- Total Risk-based Capital Ratio: 15.5% compared to the 16.3% average estimate based on two analysts.
- Net Interest Income (FTE): $425.16 million compared to the $417.43 million average estimate based on five analysts.
- Total Non-Interest Income: $113.71 million versus the five-analyst average estimate of $110.11 million.
- Net Interest Income: $404.33 million versus the four-analyst average estimate of $393.16 million.
- Other charges, commissions and fees: $13.06 million versus $13.08 million estimated by three analysts on average.
View all Key Company Metrics for Cullen/Frost here>>>Shares of Cullen/Frost have returned +20.4% over the past month versus the Zacks S&P 500 composite's +1% 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.