Quarterly ResultJul 30, 2026, 03:37 PM

Cullen/Frost Q2 Net Income +9.6% to $172.1M; EPS $2.70

AI Summary

Cullen/Frost Bankers reported a strong second quarter for 2026, with net income increasing 9.6% to $172.1 million and basic EPS rising 13.0% to $2.70. This growth was supported by a 4.2% increase in net interest income and a 9.4% rise in non-interest income. Total assets and loans also saw modest increases. However, the company experienced a significant 56.3% increase in non-accrual loans, indicating potential asset quality concerns. Additionally, Cullen/Frost repurchased $163.2 million of treasury stock year-to-date.

Key Highlights

Net income for Q2 2026 increased 9.6% year-over-year to $172.1 million.
Basic earnings per common share for Q2 2026 rose 13.0% year-over-year to $2.70.
Total assets reached $53.88 billion as of June 30, 2026, up 1.6% from December 31, 2025.
Total loans, net of unearned discounts, grew 5.0% to $22.98 billion as of June 30, 2026.
Non-accrual loans increased significantly by 56.3% to $110.15 million as of June 30, 2026.
Net interest income for Q2 2026 was $447.7 million, a 4.2% increase year-over-year.
Non-interest income for Q2 2026 grew 9.4% to $128.3 million.
The company purchased $163.2 million in treasury stock year-to-date June 30, 2026.

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CFR

Major Banks

CULLEN/FROST BANKERS, INC.

Price Impact