Cullen/Frost Bankers, Inc. (CFR) Q3 2024 Earnings Call Transcript Summary
Cullen/Frost Bankers, Inc. (CFR) Q3 2024 Earnings Call Transcript Summary
Average deposits slightly decreased by 0.25% year-over-year, while average loans grew by 11.8%.The following is a summary of the Cullen/Frost Bankers, Inc. (CFR) Q3 2024 Earnings Call Transcript:
以下是富勒斯特銀行（CFR）2024年第三季度業績會議呼叫成績單摘要：
Financial Performance:
金融業績：
Q3 earnings were $144.8 million or $2.24 a share compared with $154 million or $2.38 a share last year.
Return on average assets was 1.16% and average common equity was 15.48%.
Average deposits slightly decreased by 0.25% year-over-year, while average loans grew by 11.8%.
Net interest margin for Q3 was 3.56%, a slight increase from the previous quarter.
第三季度收入爲14480萬美元，每股2.24美元，去年爲15400萬美元，每股2.38美元。
平均資產回報率爲1.16%，平均普通股權益爲15.48%。
平均存款同比略有下降0.25%，而平均貸款增長了11.8%。
第三季度淨利息收益率爲3.56%，較上一季度略有增加。
Business Progress:
業務進展：
Expansion efforts in Houston, Dallas, and Austin have shown positive results with substantial deposit and loan growth.
The company added over 7,300 net new checking households, a 6% annual growth, achieved without direct cash incentives.
Consumer loan growth increased by 21% year-over-year, led by second lien home equity and home improvement products.
New commercial relationships grew by 8%, and total commercial loans increased by 10.1% compared to last year.
在休斯頓、達拉斯和奧斯汀的擴張努力取得了積極的成果，存款和貸款大幅增長。
該公司新增了超過7,300個淨新支票戶，年增長率爲6%，實現了無需直接現金激勵。
消費貸款增長同比增長21%，主要由第二抵押房屋產權和家庭改善產品帶動。
新的商業關係增長了8%，總商業貸款較去年增長了10.1%。
Opportunities:
機會：
Continued geographic expansion and organic growth strategy are expected to be accretive to earnings by 2026.
Enhanced focus on building customer relationships through high-quality service and technology, without relying on promotional cash incentives.
持續地理擴張和有機增長策略預計將在2026年對收益產生增值效應。
着重於通過高質量服務和技術建立客戶關係，而不依賴促銷現金激勵。
Risks:
風險：
The company anticipates a `gradual` growth from AI services as they scale, indicating a cautious approach to new technology adoptions which could delay potential revenue from this sector.
A tough competitive environment in loan creation and deposit acquisition, especially due to more aggressive market players.
該公司預計從人工智能服務中逐漸增長，隨着規模的擴大，表明對新技術採用採取謹慎態度可能會延遲該領域潛在營業收入的增長。
貸款創設和存款獲取方面，由於市場競爭對手更具侵略性，競爭環境相當激烈。
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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
