Casey Harowith's questions to Cullen/Frost Bankers Inc (CFR) leadership • Q1 2025
Question
Casey Harowith of Autonomous Research questioned why the loan growth guidance was not raised despite a strong pipeline, asked for the amount of CRE payoffs, and inquired about the appetite for share buybacks.
Answer
CFO Dan Geddes explained that headwinds from significant Commercial Real Estate (CRE) payoffs, which totaled over $430 million in Q1, are tempering the loan growth outlook. He noted the company is maintaining its underwriting discipline despite competition. CEO Phillip Green added that capital management remains focused on the dividend, which was recently increased, with share buybacks being opportunistic.