Cullen/Frost Bankers Earnings Reports

Cullen/Frost Bankers demonstrated strong performance in the second quarter of 2025, with net income available to common shareholders increasing to $155.3 million and diluted EPS rising to $2.39. The company achieved solid loan growth and a slight increase in average total deposits, highlighting the durability of its organic growth model.

Cullen/Frost Bankers reported a strong first quarter in 2025, with increased net income and earnings per share compared to the previous year. The company saw solid loan growth and stable deposit trends, continuing its strategy of organic expansion.

Cullen/Frost Bankers reported a net income available to common shareholders of $153.2 million for Q4 2024, an increase of $52.3 million compared to Q4 2023. Excluding the FDIC surcharge impact from the previous year, net income available to common shareholders increased by $11.6 million, or 8.2 percent. Average deposits saw growth both on a linked-quarter and year-over-year basis.

Cullen/Frost Bankers, Inc. reported a decrease in net income available to common shareholders for the third quarter of 2024 compared to the same period in 2023. However, net interest income on a taxable-equivalent basis increased. Average loans also increased, while average deposits saw a slight decrease year-over-year.

Cullen/Frost Bankers, Inc. reported second quarter 2024 results with net income available to common shareholders of $143.8 million, or $2.21 per diluted common share. Net interest income on a taxable-equivalent basis was $417.6 million, up 2.2 percent compared to the same quarter in 2023.

Cullen/Frost Bankers, Inc. reported a net income available to common shareholders of $134.0 million for the first quarter of 2024. The results were impacted by a $7.7 million addition to the estimated FDIC special assessment. Excluding this item, net income would have been approximately $140.1 million. Average loans increased by $1.8 billion, while average deposits decreased by $2.0 billion compared to the first quarter of 2023.

Cullen/Frost Bankers reported a decrease in net income available to common shareholders for the fourth quarter of 2023 compared to the fourth quarter of 2022, impacted by a one-time FDIC insurance surcharge. However, the company's earnings were aided by their organic expansion strategy in key growth markets in Texas.

Cullen/Frost Bankers reported third quarter 2023 results with net income available to common shareholders of $154.0 million, a decrease compared to $168.1 million in the third quarter of 2022. However, net interest income on a taxable-equivalent basis increased by 7.3 percent to $407.4 million compared to the same quarter in 2022.

Cullen/Frost Bankers, Inc. reported a strong second quarter in 2023, with net income available to common shareholders reaching $160.4 million, an increase from $117.4 million in the same quarter of the previous year. Earnings per diluted common share rose to $2.47, marking a 36.5 percent increase year-over-year. The company's board also increased the quarterly common dividend by 5.7 percent to $0.92 per share.

Cullen/Frost Bankers reported a net income available to common shareholders of $176.0 million for the first quarter of 2023, an increase compared to $97.4 million in the first quarter of 2022. The company's earnings per diluted common share rose to $2.70, representing an 80.0 percent increase year-over-year. Key drivers included a 56.4 percent increase in net interest income and a focus on organic growth strategies.

Cullen/Frost Bankers reported a significant increase in net income available to common shareholders for Q4 2022, reaching $189.5 million, a 90.7% increase compared to Q4 2021. Earnings per diluted common share rose to $2.91, and net interest income saw a substantial increase. The company's organic growth strategy, particularly in Houston and Dallas, contributed to the positive results.

Cullen/Frost Bankers reported a strong third quarter, with net income available to common shareholders increasing to $168.1 million, or $2.59 per diluted share, driven by higher interest rates and organic growth. Average loans increased, and average deposits also saw significant growth compared to the previous year.

Cullen/Frost Bankers, Inc. reported second quarter 2022 results with net income available to common shareholders of $117.4 million, or $1.81 per diluted common share. The board increased the quarterly common dividend by 16 percent to $0.87.

Cullen/Frost Bankers, Inc. reported first quarter 2022 results with net income available to common shareholders of $97.4 million, or $1.50 per diluted common share. Average loans decreased, but excluding PPP loans, average loans increased. Average deposits increased significantly.

Cullen/Frost Bankers reported a net income available to common shareholders of $99.4 million, or $1.54 per diluted common share, for the fourth quarter of 2021, compared to $88.3 million, or $1.38 per diluted common share for the fourth quarter of 2020. The company's board declared a first-quarter cash dividend of $0.75 per common share and authorized a $100 million stock repurchase program.

Cullen/Frost Bankers, Inc. reported a net income available to common shareholders of $106.3 million for the third quarter of 2021, compared to $95.1 million in the third quarter of 2020. Diluted earnings per share were $1.65, up from $1.50 in the prior year. Average loans decreased, but excluding PPP loans, they showed a slight increase. Average deposits increased significantly.

Cullen/Frost Bankers, Inc. reported second quarter 2021 results with net income available to common shareholders of $116.4 million, or $1.80 per diluted common share, compared to $93.1 million, or $1.47 per diluted common share, in the second quarter of 2020. The board increased the quarterly common dividend by 4 percent to $0.75 per share.

Cullen/Frost Bankers, Inc. reported a significant increase in net income available to common shareholders for the first quarter of 2021, reaching $113.9 million compared to $47.2 million in the first quarter of 2020. Earnings per diluted common share also rose to $1.77, up from $0.75 a year earlier. The company saw growth in average loans and deposits, reflecting a strong response to the Paycheck Protection Program and overall customer satisfaction.

Cullen/Frost Bankers reported a net income available to common shareholders of $88.3 million, or $1.38 per diluted common share, for the fourth quarter of 2020, compared to $101.7 million, or $1.60 per diluted common share, for the fourth quarter of 2019. The board declared a first quarter dividend and authorized a $100 million stock repurchase program.