Quarterly ResultApr 30, 2026, 09:31 AM
CFR Q1 Net Income $169.3M, EPS $2.65; Dividend +3% to $1.03
AI Summary
Cullen/Frost Bankers, Inc. reported strong first quarter 2026 results, with net income available to common shareholders rising to $169.3 million, or $2.65 per diluted common share, compared to $149.3 million, or $2.30 per diluted common share, in the prior year. The company's Board also increased the quarterly common dividend by 3.0 percent to $1.03 per share. Net interest income grew 5.6% to $460.8 million, driven by a 5.9% increase in average loans to $22.0 billion and a 1.4% increase in average deposits to $42.2 billion compared to the first quarter of 2025.
Key Highlights
- Net income available to common shareholders for Q1 2026 was $169.3 million, up 13.4% YoY.
- Diluted EPS for Q1 2026 was $2.65, a 15.2% increase from $2.30 YoY.
- Board increased quarterly common dividend by 3.0% to $1.03 per share.
- Net interest income (taxable-equivalent) rose 5.6% to $460.8 million YoY.
- Average loans grew 5.9% to $22.0 billion compared to Q1 2025.
- Average deposits increased 1.4% to $42.2 billion compared to Q1 2025.
- Non-interest income increased 9.9% to $136.3 million compared to Q1 2025.
- Repurchased 507,753 shares for $70.0 million in Q1 2026.