Cullen/Frost Bankers Reports Third Quarter 2026 Earnings Growth
Cullen/Frost Bankers, Inc. (NYSE: CFR) reported strong third-quarter 2026 financial results, highlighted by a rise in net income available to common shareholders to $178.5 million, up from $172.7 million in the prior year's third quarter. The bank saw significant growth in its core lending and deposit activities, with average loans increasing 9.0% year-over-year to $23.4 billion and average deposits rising 3.6% to $43.6 billion. CEO Phil Green attributed the performance to an organic growth strategy fueled by population migration into Texas. The company also reported expanded margins, with net interest margin reaching 3.78%, up from 3.69% in the same period last year. Despite slight compression in returns on average equity, the bank maintains a strong capital position exceeding Basel III requirements.
Tickers: $CFR
Topics: banking deposit growth dividend declaration loan growth net income