Cullen/Frost Bankers, Inc. (NYSE:CFR) Plans $1.03 Quarterly Dividend

Cullen/Frost Bankers, Inc. (NYSE:CFR) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Monday, August 31st will be given a dividend of 1.03 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st.

Cullen/Frost Bankers has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 32 years. Cullen/Frost Bankers has a dividend payout ratio of 43.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cullen/Frost Bankers to earn $10.90 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 37.8%.

Cullen/Frost Bankers Stock Down 1.8%

Shares of NYSE CFR traded down $3.08 during trading on Thursday, reaching $163.85. 853,154 shares of the stock were exchanged, compared to its average volume of 573,781. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. The business’s 50-day moving average price is $150.47 and its 200 day moving average price is $143.26. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a twelve month low of $119.00 and a twelve month high of $169.09.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The business had revenue of $608.65 million during the quarter, compared to analyst estimates of $589.72 million. During the same period last year, the business earned $2.39 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers will post 10.57 EPS for the current fiscal year.

Key Stories Impacting Cullen/Frost Bankers

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Quarterly earnings surpassed expectations. Cullen/Frost earned $2.70 per diluted share, up from $2.39 a year earlier and ahead of analysts’ estimates of approximately $2.53-$2.55. Revenue reached about $608.7 million, exceeding the $589.7 million consensus. Cullen/Frost Bankers Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Net income and core banking trends improved. Net income available to common shareholders rose to $170.4 million from $155.3 million. Taxable-equivalent net interest income increased 4.3% year over year to $470.1 million, while average loans grew 7.4% to $22.6 billion and non-interest income climbed 9.4% to $128.3 million. Cullen/Frost Reports Second Quarter Results
• Positive Sentiment: Shareholder returns remain supportive. The board declared a third-quarter common-stock dividend of $1.03 per share and the company repurchased 654,955 shares for $90 million during the quarter, potentially supporting per-share value. Cullen/Frost Q2 Net Income Rises to $172.1 Million
• Neutral Sentiment: Expenses also increased. Non-interest expense rose 4.2% year over year to $361.7 million. While slower than the increase in non-interest income, higher costs could limit operating leverage.
• Negative Sentiment: Market reaction has been cautious. The earnings beat may already be reflected in the valuation, with CFR trading near its 52-week high and at roughly 16 times earnings. Investors may be locking in gains or looking for stronger forward guidance before bidding the shares higher.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.