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Cullenfrost Bankers, Inc. (CFR) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Cullenfrost Bankers, Inc.

CIK: 39263 Ticker: CFR



Exhibit 99.1




A.B. Mendez
Investor Relations
210.220.5234
or
Bill Day
Media Relations
210.220.5427


FOR IMMEDIATE RELEASE    
October 25, 2018


CULLEN/FROST REPORTS THIRD QUARTER RESULTS
Board declares fourth quarter dividend on common and preferred stock



SAN ANTONIO -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported third quarter 2018 results. Net income available to common shareholders for the third quarter of 2018 was $115.8 million, compared to $91.1 million in the third quarter of 2017, representing an increase of 27 percent. On a per-share basis, net income available to common shareholders for the third quarter of 2018 was $1.78 per diluted common share, compared to $1.41 per diluted common share reported a year earlier. Returns on average assets and average common equity were 1.49 percent and 14.40 percent, respectively, for the third quarter of 2018 compared to 1.19 percent and 11.71 percent, respectively, for the same period a year earlier.

For the third quarter of 2018, net interest income was $241.7 million, up 10.2 percent compared to the same quarter in 2017. Average loans for the third quarter of 2018 increased $1.1 billion, or 8.7 percent, to $13.7 billion, from the $12.6 billion reported for the third quarter a year earlier. Average deposits for the quarter were $26.2 billion compared to $25.7 billion reported for last year's third quarter, an increase of 1.6 percent.




The following information was filed by Cullenfrost Bankers, Inc. (CFR) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Shareholders' Equity
Consolidated Statements Of Changes In Shareholders' Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accounting Standards Updates
Accounting Standards Updates Accounting Standards Updates (Policies)
Accounting Standards Updates Accounting Standards Updates - Additional Information (Details)
Balance Sheet Offsetting
Balance Sheet Offsetting (Tables)
Balance Sheet Offsetting - Financial Instruments Derivative Assets Liabilities And Resell Agreements Net Of Amount Not Offset (Detail)
Balance Sheet Offsetting - Financial Instruments Eligible For Offset Consolidated Balance Sheet (Detail)
Balance Sheet Offsetting Balance Sheet Offsetting - Remaining Contractual Maturity Of The Securities Sold Under Agreement To Repurchase (Details)
Capital And Regulatory Matters
Capital And Regulatory Matters (Tables)
Capital And Regulatory Matters - Actual And Required Capital Ratios (Detail)
Capital And Regulatory Matters - Additional Information (Detail)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Detail)
Commitments And Contingencies - Financial Instruments With Off-Balance-Sheet Risk (Detail)
Defined Benefit Plans
Defined Benefit Plans (Tables)
Defined Benefit Plans - Net Periodic Cost (Benefit) (Detail)
Defined Benefit Plans Additional Information (Details)
Deposits
Deposits (Tables)
Deposits - Additional Information About Corporation's Deposits (Detail)
Deposits - Schedule Of Deposits (Detail)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Additional Information (Detail)
Derivative Financial Instruments - Notional Amount And Fair Value Of Foreign Currency Forward Contract (Detail)
Derivative Financial Instruments - Schedule Of Amounts Related To Interest Rate Derivatives Designated As Hedges Of Fair Value (Detail)
Derivative Financial Instruments - Schedule Of Amounts Related To Non-Hedging Interest Rate And Commodity Derivatives (Detail)
Derivative Financial Instruments - Schedule Of Notional Amounts And Estimated Fair Values Of Commodity Derivative Positions (Detail)
Derivative Financial Instruments - Schedule Of Notional Amounts And Estimated Fair Values Of Interest Rate Derivative Contracts Outstanding (Detail)
Derivative Financial Instruments - Schedule Of Weighted-Average Rates Paid And Received For Interest Rate Swaps Outstanding (Detail)
Earnings Per Common Share
Earnings Per Common Share (Tables)
Earnings Per Common Share - Basic And Diluted Earnings Per Common Share (Detail)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Detail)
Fair Value Measurements - Estimated Fair Values Of Financial Instruments (Detail)
Fair Value Measurements - Financial Assets And Financial Liabilities Measured At Fair Value On Recurring Basis (Detail)
Fair Value Measurements - Foreclosed Assets Remeasured And Reported At Fair Value (Detail)
Fair Value Measurements - Impaired Loans Remeasured And Reported At Fair Value Of Underlying Collateral (Detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Estimated Aggregate Future Amortization Expense For Intangible Assets (Detail)
Goodwill And Other Intangible Assets - Schedule Of Goodwill (Detail)
Goodwill And Other Intangible Assets - Schedule Of Other Intangible Assets (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Income Tax Expense (Detail)
Loans
Loans (Tables)
Loans - Activity In Allowance For Loan Losses By Portfolio Segment (Detail)
Loans - Additional Information (Detail)
Loans - Age Analysis Of Past Due Loans, Segregated By Class Of Loans (Detail)
Loans - Average Recorded Investment In Impaired Loans (Detail)
Loans - Impaired Loans (Detail)
Loans - Investment In Loans Related To Allowance For Loan Losses By Portfolio Segment Disaggregated Based On Impairment Methodology (Detail)
Loans - Loans (Detail)
Loans - Net (Charge-Offs)/Recoveries, Segregated By Class Of Loans (Detail)
Loans - Non-Accrual Loans, Segregated By Class Of Loans (Detail)
Loans - Troubled Debt Restructurings (Detail)
Loans - Unallocated Portion Of Allowance For Loan Losses (Detail)
Loans - Weighted Average Risk Grades For All Commercial Loans By Class (Detail)
Loans Loans - Restructured Loans Past Due In Excess Of 90 Days On Financing Receivables (Details)
Operating Segments
Operating Segments (Tables)
Operating Segments - Additional Information (Detail)
Operating Segments - Summary Of Operating Results By Segment (Detail)
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss) (Tables)
Other Comprehensive Income (Loss) - Component Of Other Comprehensive Income (Loss) (Detail)
Other Comprehensive Income - Schedule Of Accumulated Other Comprehensive Income, Net Of Tax (Detail)
Securities
Securities (Tables)
Securities - Additional Information (Detail)
Securities - Amortized Cost And Estimated Fair Value Of Securities, Excluding Trading Securities (Detail)
Securities - Amortized Cost And Estimated Fair Value Of Securities, Excluding Trading Securities, Presented By Contractual Maturity (Detail)
Securities - Net Gains And Losses On Trading Account Securities (Detail)
Securities - Sales Of Securities Available For Sale (Detail)
Securities - Securities, With Unrealized Losses Segregated By Length Of Impairment (Detail)
Securities - Trading Account Securities, At Estimated Fair Value (Detail)
Securities Securities - Premium Amortization And Discount Accretion Included In Income On Securities (Details)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies (Tables)
Significant Accounting Policies - Additional Cash Flow Information (Detail)
Significant Accounting Policies Significant Accounting Policies - Additional Information (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Shares Issued In Connection With Stock Compensation Awards (Detail)
Stock-Based Compensation - Stock-Based Compensation Expense (Detail)
Stock-Based Compensation - Summary Of Activity In Corporation's Active Stock Plans (Detail)
Stock-Based Compensation - Unrecognized Stock-Based Compensation Expense (Detail)
Stock-Based Compensation Stock-Based Compensation - Narrative (Details)

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Cullenfrost Bankers, Inc. provided additional information to their SEC Filing as exhibits

Ticker: CFR
CIK: 39263
Form Type: 10-Q Quarterly Report
Accession Number: 0000039263-18-000044
Submitted to the SEC: Thu Oct 25 2018 12:56:34 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: National Commercial Banks

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