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Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:40 EDTCFRCullen/Frost upgraded to Neutral from Underperform at Sterne Agee
Sterne Agee upgraded Cullen/Frost based on increased optimism on the pending WNB Bancshares acquisition and favorable C&I trends. Price target is $74.
News For CFR From The Last 14 Days
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January 28, 2015
09:04 EDTCFRCullen/Frost names Jerry Salinas CFO and Paul Bracher Chief Banking Officer
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09:03 EDTCFRCullen/Frost reports Q4 EPS $1.11, consensus $1.11
For 2014, average total loans were $10.3 billion, an increase of $1.1 billion, or 11.6 percent from the $9.2 billion reported the previous year. Average total deposits for 2014 rose to $22.1 billion, up 14.5 percent, or $2.8 billion, over the $19.3 billion reported in 2013. Net interest income on a taxable-equivalent basis increased to $807.9 million, up 13.7 percent over the $710.9 million reported a year earlier, reflecting the impact of the increasing volume of earning assets. Non-interest income for the year rose 5.7 percent to $320.1 million over the $302.8 million reported for 2013. For 2014, total revenue on a tax equivalent basis, increased 11.3 percent to $1.1 billion, while non-interest expense increased 7.0 percent over the previous year to $654.7 million. Tier 1 and Total Risk-Based Capital Ratios for the Corporation at the end of the fourth quarter of 2014 were 13.68 percent and 14.55 percent, respectively and are in excess of well-capitalized levels.

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