Cullen/Frost Reports Q2 Earnings with Strong Performance and Raised Guidance
Cullen/Frost Bankers (CFR) reported second-quarter net income of $170 million for the quarter ending July 30, 2026. This represents a 9.7% increase compared to the same period in the previous year. Earnings per share rose by 13%, reaching $2.70 from $2.39 last year due to loan growth and higher interest margins. The company raised its full-year guidance for net interest income, average loan growth, and noninterest income while lowering expectations for expenses. Average deposits grew slightly to $42.6 billion, with loans increasing by 15% from the prior year quarter to $22.6 billion due to organic expansion and mortgage products. Nonperforming assets rose in Q2 primarily because of a $54 million multifamily commercial real estate loan issue in Austin. However, criticized loans decreased as several were successfully resolved.
Tickers: $CFR
Topics: Deposit Growth EPS Growth Interest Margin Loan Expansion Net Income Nonperforming Assets Share Repurchases