Cullen/Frost Bankers (CFR) reported third-quarter 2026 net income of $180.2 million and net income available to common shareholders of $178.5 million. Diluted earnings per common share were $2.84, compared with $2.67 in the third quarter of 2025.
Average loans rose 9.0% year over year to $23.4 billion, while average deposits increased 3.6% to $43.6 billion. The board declared a fourth-quarter common-stock cash dividend of $1.03 per share.
- Net interest income was $467.9 million, while taxable-equivalent net interest income was $490.8 million.
- Non-interest income totaled $136.0 million, up 8.2% from a year earlier.
- Non-interest expense was $377.2 million, up 7.0% year over year.
- Credit loss expense was $12.1 million, and net charge-offs were $8.4 million.
- Period-end total assets were $54.5 billion and total deposits were $44.2 billion as of September 30, 2026.
- The Series B Preferred Stock dividend was declared at $11.125 per share, or $0.278125 per depositary share. Depositary shares trade on the NYSE under CFR PrB.
