Cullen/Frost Bankers, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 26, 2023 at 09:00 am EST
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Cullen/Frost Bankers, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 398.46 million compared to USD 240.71 million a year ago. Net income was USD 191.17 million compared to USD 101.02 million a year ago. Basic earnings per share from continuing operations was USD 2.92 compared to USD 1.54 a year ago. Diluted earnings per share from continuing operations was USD 2.91 compared to USD 1.54 a year ago.
For the full year, net income was USD 579.15 million compared to USD 443.08 million a year ago. Basic earnings per share from continuing operations was USD 8.84 compared to USD 6.79 a year ago. Diluted earnings per share from continuing operations was USD 8.81 compared to USD 6.76 a year ago.
Cullen/Frost Bankers, Inc. is a financial holding and bank holding company. The Company's segments include Banking and Frost Wealth Advisors. The Banking segment includes both commercial and consumer banking services and Frost Insurance Agency. Its commercial banking services are provided to corporations and other business clients and include a range of lending and cash management products. Its consumer banking services include direct lending and depository services. Its Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and securities brokerage services. The Company serves a range of industries, including energy, manufacturing, construction, and others.
CULLEN/FROST BANKERS, INC. 
