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:
以下是富勒斯特银行（CFR）2024年第三季度业绩会议呼叫成绩单摘要：
Financial Performance:
金融业绩：
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.
第三季度收入为14480万美元，每股2.24美元，去年为15400万美元，每股2.38美元。
平均资产回报率为1.16%，平均普通股权益为15.48%。
平均存款同比略有下降0.25%，而平均贷款增长了11.8%。
第三季度净利息收益率为3.56%，较上一季度略有增加。
Business Progress:
业务进展：
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.
在休斯顿、达拉斯和奥斯汀的扩张努力取得了积极的成果，存款和贷款大幅增长。
该公司新增了超过7,300个净新支票户，年增长率为6%，实现了无需直接现金激励。
消费贷款增长同比增长21%，主要由第二抵押房屋产权和家庭改善产品带动。
新的商业关系增长了8%，总商业贷款较去年增长了10.1%。
Opportunities:
机会：
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.
持续地理扩张和有机增长策略预计将在2026年对收益产生增值效应。
着重于通过高质量服务和技术建立客户关系，而不依赖促销现金激励。
Risks:
风险：
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.
该公司预计从人工智能服务中逐渐增长，随着规模的扩大，表明对新技术采用采取谨慎态度可能会延迟该领域潜在营业收入的增长。
贷款创设和存款获取方面，由于市场竞争对手更具侵略性，竞争环境相当激烈。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。
