Materiality pending
Public signal · 1-minute delayed
Signal brief
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AI summary
What happened, with direct paths to the underlying reporting
- CFR shares declined 5.2% despite better-than-expected Q1 2024 earnings. - Revenues were $522.7M, down 1.6% YOY, NII declined 3.4% to $411.4M. - Loans were $19.39B, up 3% sequentially, deposits fell 2.7% to $40.81B. - Credit loss expenses were $13.7M, allowance for credit losses down 3 bps. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- CFR shares declined 5.2% despite better-than-expected Q1 2024 earnings.
- Revenues were $522.7M, down 1.6% YOY, NII declined 3.4% to $411.4M.
- Loans were $19.39B, up 3% sequentially, deposits fell 2.7% to $40.81B.
- Credit loss expenses were $13.7M, allowance for credit losses down 3 bps.
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