Cullen/Frost Q2 Net Income Rises on Loan and Deposit Growth, $90M Buyback
CFR sits 40% above its 52-week low of $119.
Summary
Cullen/Frost reported Q2 EPS of $2.70, up from a year ago, driven by accelerating loan and deposit growth and higher non-interest income. Net interest income rose 4.3% year-over-year, and the company repurchased $90 million in shares during the quarter. The results show broad-based strength across consumer and commercial households, with trust fees and deposit service charges contributing to the top line. No specific guidance was provided, but the earnings momentum and buyback signal confidence. The stock trades near its 52-week high, and the results may challenge the consensus hold rating and $160 price target.
At the time of this announcement, CFR was trading at $167.05 on NYSE in the Finance sector, with a market capitalization of approximately $10.5B. The 52-week trading range was $119.00 to $168.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.