Cullen/Frost Bankers Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong earnings growth, record commercial loan pipelines, and robust organic expansion, with improved guidance for net interest income and margin. Credit quality remains solid despite a rise in non-performing assets, and branch expansion continues to drive customer and deposit growth.
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Q1 2026 saw strong growth in net income, EPS, and loan balances, with record new commercial relationships and robust consumer loan growth. Net interest margin improved, while credit quality remained stable. Expansion and organic growth strategies continue to drive performance.
Fiscal Year 2025
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Second quarter 2025 saw strong year-over-year growth in loans, deposits, and earnings, driven by expansion markets and organic strategy. Guidance for 2025 was raised for net interest income and non-interest income, with continued focus on dividend protection and organic growth.
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Q3 2025 saw 19% EPS growth, strong loan and deposit increases, and record consumer and mortgage activity. Expansion branches are now accretive, credit quality remains robust, and 2025 guidance was raised for NII and fee income growth.
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Second quarter 2025 saw strong earnings growth, margin expansion, and robust loan and deposit increases, driven by ongoing Texas market expansion. Guidance for 2025 was raised for net interest income and non-interest income, with continued focus on organic growth and dividend protection.
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Net income rose to $149.3 million with strong loan and deposit growth, improved net interest margin, and robust consumer and commercial performance. Guidance was raised for net interest income and margin, while credit quality and capital remain solid.
Fiscal Year 2024
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Q4 net income rose 52% year-over-year, while full-year earnings dipped slightly. Strong organic growth in loans and deposits continued, with expansion markets outperforming goals. 2025 guidance anticipates moderate loan and deposit growth, higher expenses, and regulatory headwinds for fee income.
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Net income and EPS declined year-over-year, but strong loan growth and market expansion drove solid performance. Deposit growth remained stable, credit quality was healthy, and guidance was raised for loan and non-interest income growth. Expense growth remains disciplined.
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Second quarter net income declined year-over-year, but strong loan growth, especially in expansion markets, and rising net interest margin supported results. Guidance was raised for loan growth but lowered for deposits and net interest income, with expense growth expected to moderate.