Earnings Call Summary | Cullen/Frost Bankers(CFR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Cullen/Frost Bankers(CFR.US) Q1 2024 Earnings Conference
The following is a summary of the Cullen/Frost Bankers, Inc. (CFR) Q1 2024 Earnings Call Transcript:
以下是 Cullen/Frost Bankers, Inc. (CFR) 2024 年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Cullen/Frost reported Q1 earnings of $134 million or $2.06 per share, a decrease compared to earnings of $176 million or $2.70 per share in the same quarter last year.
Q1 results were impacted by an additional FDIC insurance surcharge accrual of $7.7 million.
The company experienced a return on average assets and average common equity in Q1 of 1.09% and 15.22%, respectively, and a net interest margin percentage of 3.48%, up 7 basis points from the previous quarter.
The bank recorded average deposits in the first quarter of $40.7 billion, down 4.8% from last year, while average loans grew 10.4% to $19.1 billion compared to the previous year.
The bank anticipates full-year average loan growth in the high single digits and a slightly upward trend in the net interest margin percentage each quarter for the remainder of the year.
卡倫/弗羅斯特公佈的第一季度收益爲1.34億美元，合每股收益2.06美元，與去年同期的1.76億美元或每股收益2.70美元相比有所下降。
第一季度業績受到聯邦存款保險公司額外應計770萬美元的保險附加費的影響。
該公司在第一季度的平均資產回報率和平均普通股回報率分別爲1.09％和15.22％，淨利率爲3.48％，比上一季度上升7個點子。
該銀行第一季度的平均存款額爲407億美元，比去年下降4.8％，而平均貸款與去年同期相比增長了10.4％，至191億美元。
該銀行預計，全年平均貸款增長將達到較高的個位數，在今年剩餘時間裏，每個季度的淨利率百分比將略有上升。
Business Progress:
業務進展：
Cullen/Frost reports success in its organic growth strategy, achieving positive results from expansions in the Houston and Dallas markets, exceeding deposit and loan goals.
The bank added 6,600 net new checking accounts and saw an increase in average loan balances in Q1.
The new marketing campaign and brand refresh were introduced with the aim of emphasizing customer service excellence.
The company's credit quality is deemed to be in good health, with net charge-offs and new non-performing loans at acceptable levels.
The bank grew by $145 million in new loan balances and $100 million in deposits from new relationships in the first quarter; a quarter of the loan growth is attributed to new customers.
The company anticipates company-specific challenges on the C&I side, but they are confident these issues will be resolved, part of the normal risk in the banking business.
Cullen/Frost報告稱，其有機增長戰略取得了成功，休斯敦和達拉斯市場的擴張取得了積極成果，超過了存款和貸款目標。
該銀行淨增加了6,600個新支票賬戶，第一季度平均貸款餘額有所增加。
推出了新的營銷活動和品牌更新，旨在強調卓越的客戶服務。
該公司的信貸質量被認爲處於良好狀態，淨扣除額和新的不良貸款處於可接受的水平。
該銀行在第一季度增加了1.45億美元的新貸款餘額和來自新關係的1億美元存款；四分之一的貸款增長歸因於新客戶。
該公司預計，C&I方面將面臨公司特定的挑戰，但他們相信這些問題將得到解決，這是銀行業正常風險的一部分。
More details: Cullen/Frost Bankers IR
更多詳情： 卡倫/弗羅斯特銀行家 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。