Cullen/Frost Q2 EPS $2.70 Beats Year-Ago; Loan Growth Accelerates, Buyback Continues
CFR sits 40% above its 52-week low of $119.
Summary
Cullen/Frost reported Q2 2026 EPS of $2.70, up 13% from a year ago, driven by 7.4% loan growth and a wider net interest margin. The bank repurchased $90M in shares and declared a $1.03 dividend, though non-accrual loans rose sharply.
Key Events · Earnings and Guidance · CFR
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Q2 EPS Beats Year-Ago
Diluted EPS of $2.70, up 13% from $2.39 in Q2 2025, driven by higher net interest income and fee growth.
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Loan and Deposit Growth Accelerates
Average loans grew 7.4% YoY to $22.6B; average deposits rose 2.1% YoY to $42.6B, with non-interest-bearing deposits up 1.7%.
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Net Interest Margin Expands
Net interest margin on a taxable-equivalent basis was 3.75%, up from 3.67% a year ago and 3.74% in Q1 2026.
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Share Buyback Continues
Repurchased 654,955 shares for $90M in Q2; $140M remains under the $300M authorization expiring January 2027.
Analysis · CFR · Finance
A strong second quarter for Cullen/Frost saw EPS climb 13% year-over-year, fueled by accelerating loan and deposit growth. Net interest margin expanded to 3.75%, and the company repurchased $90 million in shares during the quarter. However, non-accrual loans nearly doubled from the prior quarter, a credit quality blemish worth monitoring. The results reinforce the bank's steady expansion in Texas markets, but the uptick in problem loans tempers the otherwise solid performance.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CFR was trading at $166.93 on NYSE in the Finance sector, with a market capitalization of approximately $10.5B. The 52-week trading range was $119.00 to $169.09. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.