Quarterly ResultApr 30, 2026, 05:23 PM
CFR Q1 Basic EPS $2.65, +15.2%; Net Income $171M, +13.3%
AI Summary
CULLEN/FROST BANKERS, INC. reported strong first-quarter 2026 results with basic earnings per common share increasing 15.2% to $2.65 and net income rising 13.3% to $171.0 million year-over-year. The company saw growth in both net interest income and non-interest income, while credit loss expense significantly decreased. Net loans also experienced a healthy increase during the quarter, and the company increased its common stock dividend and repurchased treasury stock.
Key Highlights
- Basic EPS $2.65, up 15.2% from $2.30 in Q1 2025.
- Net income $171.0 million, up 13.3% from $150.9 million in Q1 2025.
- Net interest income $438.5 million, up 5.4% from $416.2 million in Q1 2025.
- Total non-interest income $136.3 million, up 9.9% from $124.0 million in Q1 2025.
- Credit loss expense decreased 48.4% to $6.7 million from $13.1 million in Q1 2025.
- Net loans increased to $22.15 billion at March 31, 2026, from $21.61 billion at December 31, 2025.
- Common stock dividend increased to $1.00 per share from $0.95 per share.
- Purchased $72.3 million in treasury stock during the quarter.
Price Impact
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