Cullen/Frost Bankers Full Year 2022 Earnings: Beats Expectations
Cullen/Frost Bankers (NYSE:CFR) Full Year 2022 Results
Key Financial Results
Revenue: US$1.69b (up 23% from FY 2021).
Net income: US$572.5m (up 33% from FY 2021).
Profit margin: 34% (up from 32% in FY 2021). The increase in margin was driven by higher revenue.
EPS: US$8.92 (up from US$6.79 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cullen/Frost Bankers Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 1.2% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Cullen/Frost Bankers that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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