CULLEN/FROST BANKERS, INC.

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.

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.