Cullen/Frost Reports Q2 Earnings Growth with Strong Loan and Deposit Expansion
Cullen/Frost Bankers Inc. (NYSE:CFR) reported second-quarter net income of $170.4 million for 2026, up from $155.3 million in the same period a year ago. Earnings per diluted share rose to $2.70 compared to $2.39 previously. The bank saw strong growth across key metrics: average loans increased by 7.4% to $22.6 billion and deposits grew by 2.1% to $42.6 billion year-over-year. CEO Phil Green highlighted sustained, balanced growth in non-interest-bearing and interest-bearing deposit accounts as well as loan expansion during the quarter. The bank also opened four new financial centers across major Texas markets this quarter alone, bringing its total for the year to seven locations. For the first half of 2026, net income available to common shareholders rose by 11.5% compared to the same period in 2025. Capital ratios remained strong at the end of Q2 with Common Equity Tier 1 and Total Risk-Based Capital Ratios exceeding well-capitalized levels as required under Basel III standards.
Tickers: $CFR
Topics: deposit growth dividend loan growth net income