CULLEN/FROST REPORTS THIRD QUARTER RESULTS
PR Newswire•29/10/2026•09:00 ET
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Key Highlights
- ➤Third-quarter net income $178.5 million; diluted EPS $2.84 versus $2.67 year-over-year
- ➤Average loans reached $23.4 billion, increasing 9.0% year-over-year
- ➤Taxable-equivalent net interest income rose 5.8% to $490.8 million
- ➤Credit loss expense increased to $12.1 million from $6.8 million year-over-year
- ➤Board declared fourth-quarter common dividend of $1.03 per share
Expert Statements
Phil Green, Chairman and CEO of Cullen/Frost Bankers, Inc.
“During the third quarter, Frost Bankers continued their outstanding execution of our organic growth strategy, and as a result, we saw another quarter of accelerating growth in average loan and deposit volumes. As people and businesses continue to move into Texas from other parts of the country, we see great opportunity to continue extending the Frost experience to more new Texans. That includes retail customers and businesses new to the state alike. During the third quarter we kept up a strong pace of new customer additions, growing the overall banking customer base at a five percent yearly rate. In our Wealth Management business, we grew managed customer accounts by more than five percent compared to a year ago. And our Frost Insurance Agency increased commercial customers by over ten percent compared to the third quarter of 2025. I want to recognize the outstanding focus and execution of our employees throughout the state as they meet the challenge of competing and winning against competitors old and new.”
Board declares fourth quarter dividend on common and preferred stock
SAN ANTONIO, Oct. 29, 2026 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported third quarter 2026 results.
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