Cullen/Frost (CFR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Cullen/Frost Bankers (CFR) reported $513.35 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.1%. EPS of $2.38 for the same period compares to $2.59 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $496.26 million, representing a surprise of +3.45%. The company delivered an EPS surprise of +11.21%, with the consensus EPS estimate being $2.14.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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:
Net Interest Margin (FTE): 3.4% versus the seven-analyst average estimate of 3.4%.
Net loan charge-offs to average loans: 0.1% versus the six-analyst average estimate of 0.2%.
Total earning assets and average rate earned - Average balance: $45.37 billion compared to the $45.07 billion average estimate based on six analysts.
Total Risk-based Capital Ratio: 15.3% versus the three-analyst average estimate of 15.2%.
Tier 1 Risk-based Capital Ratio: 13.8% compared to the 14.3% average estimate based on three analysts.
Total Non-Performing Loans/ Non-accrual loans: $67.18 million compared to the $73.09 million average estimate based on two analysts.
Leverage Ratio: 8.2% versus 8.9% estimated by two analysts on average.
Net Interest Income (FTE): $407.35 million compared to the $392.54 million average estimate based on seven analysts.
Total Non-Interest Income: $106 million versus the seven-analyst average estimate of $104.09 million.
Net Interest Income: $385.43 million compared to the $368.23 million average estimate based on six analysts.
Other charges, commissions and fees: $13.13 million versus $12 million estimated by five analysts on average.
Trust and investment management fees: $37.62 million versus $39.57 million estimated by five analysts on average.
View all Key Company Metrics for Cullen/Frost here>>>
Shares of Cullen/Frost have returned -5.6% over the past month versus the Zacks S&P 500 composite's -3.4% 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 Bankers, Inc. (CFR) : Free Stock Analysis Report
