Cullen/Frost Bankers, Inc. Q1 2026 Earnings Release

Cullen/Frost Bankers, Inc. reported strong first quarter 2026 results, with net income available to common shareholders reaching $169.3 million, or $2.65 per diluted common share, compared to $149.3 million, or $2.30 per diluted common share, in the first quarter of 2025. The company's return on average assets was 1.32%, and return on average common equity was 15.15%. Net interest income increased by 5.6% year-over-year to $460.8 million, driven by a 5.9% increase in average loans to $22.0 billion. Non-interest income rose by 9.9% to $136.3 million, with notable increases in trust and investment management fees, and service charges on deposit accounts. Non-interest expense increased by 5.1% to $365.7 million, attributed to higher salaries, employee benefits, and technology-related costs. The company reported a credit loss expense of $6.7 million and net charge-offs of $5.7 million. Capital ratios remained strong, exceeding well-capitalized levels. The board of directors declared a second-quarter cash dividend of $1.03 per common share, a 3.0% increase from the previous quarter.