- Cullen/Frost’s first quarter Earnings Per Share (EPS) was reported at $2.30, exceeding both the previous year’s $2.06 and the estimated $2.16.
- The return on average assets increased to 1.19% from the previous year’s 1.09%.
- Return on average equity rose to 15.5%, surpassing both last year’s 15.2% and the estimated 14.4%.
- Net interest income stood at $416.2 million, marking a 6.7% year-over-year increase and beating the estimated $412.6 million.
- The net interest margin improved to 3.6%, higher than last year’s 3.48% and the anticipated 3.55%.
- Net charge-offs were reported at $9.69 million, showing a 32% increase year-over-year but lower than the estimated $12.3 million.
- The common equity Tier 1 ratio was recorded at 13.8%, matching the estimate.
- Analyst ratings include 3 buy recommendations, 8 holds, and 4 sells.
A look at Cullen/Frost Bankers Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Cullen/Frost Bankers is positioned to maintain a solid performance over the long term based on its Smartkarma Smart Scores. With a respectable Value score of 3, the company’s stock is deemed to be fairly priced, offering investors a balanced opportunity for potential returns. Additionally, scoring a 4 in both Dividend and Growth categories, Cullen/Frost Bankers demonstrates a commitment to rewarding shareholders while also displaying promising potential for future expansion and profitability.
Furthermore, the company’s Resilience score of 3 indicates a moderate ability to weather economic downturns and market fluctuations, providing a sense of stability for investors. Although scoring a 3 in Momentum, signifying a neutral position in terms of recent stock price trends, Cullen/Frost Bankers‘ overall outlook remains positive, supported by its diversified range of banking and financial services provided across Texas through The Frost National Bank.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
