| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 32.16 | 12.4% |
| Total Income | 32.16 | 12.4% |
| Expenditure | -170.25 | 13.2% |
| PBT | 202.41 | 13.0% |
| Net Profit | 170.99 | 13.3% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 2.65 | 15.2% |
Cullen/Frost Reports Q1 2026 Results; Dividend Increased by 3.0%
03 May 2026 · 3 May, 6:04 pm
Summary
Cullen/Frost Bankers, Inc. reported first quarter 2026 results with net income available to common shareholders at $169.3 million, compared to $149.3 million for the same quarter last year. Earnings per diluted common share increased to $2.65 from $2.30 year-over-year. Net interest income on a taxable-equivalent basis rose by 5.6 percent to $460.8 million. Average loans increased by 5.9 percent to $22.0 billion, and average deposits increased by 1.4 percent to $42.2 billion. The board also increased the quarterly common dividend by 3.0 percent to $1.03 per share.
Key Highlights
- 1
Net income available to common shareholders for the first quarter of 2026 was $169.3 million, compared to $149.3 million for the first quarter of 2025.
- 2
Earnings per diluted common share for the first quarter of 2026 were $2.65, compared to $2.30 reported a year earlier.
- 3
Net interest income on a taxable-equivalent basis was $460.8 million for the first quarter of 2026, up 5.6 percent compared to the same quarter in 2025.
- 4
Average loans for the first quarter of 2026 increased $1.2 billion, or 5.9 percent, to $22.0 billion, from $20.8 billion reported for the first quarter a year earlier.
- 5
Average deposits for the first quarter increased $567.9 million, or 1.4 percent, to $42.2 billion, compared to $41.7 billion reported for last year's first quarter.
- 6
The board declared a second-quarter cash dividend of $1.03 per common share, representing a 3.0 percent increase compared to the previous quarterly dividend of $1.00 per share.
- 7
During the first quarter of 2026, the company repurchased 507,753 shares at a total cost of $70.0 million.
Management Comments
Phil Green
"We had a solid start to the year, with average loan growth of just under six percent and continued steady growth in deposits compared to the year-ago period." "With the opening of our Arboretum location in the Austin area, our 205th location, we have increased our total branch count by more than 50 percent since we started our Houston region expansion in December of 2018, and are very pleased with our results. Thanks to the hard work of Frost Bankers throughout the state, through the first quarter we have accumulated $2.6 billion in loans and $3.2 billion in deposits at our expansion locations in Houston, Dallas and Austin."
Informational and educational content only. Not investment advice.