Cullen/Frost Bankers Reports Q4 Earnings Growth

Bank sees year-over-year increases in deposits and loans, provides updated full-year guidance

Jan. 29, 2026 at 9:15pm

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Cullen/Frost Bankers (NYSE:CFR) reported higher earnings for the second quarter of 2025, alongside year-over-year growth in both deposits and loans, and provided updated full-year guidance that reflects its current interest-rate assumptions and business momentum. Management also discussed continued progress in its multi-year branch expansion strategy across Texas, while noting intensifying competition in certain lending categories.

Why it matters

Cullen/Frost's earnings report provides insight into the bank's performance and growth strategy in the current economic environment. The company's expansion efforts and ability to navigate competitive pressures in lending are key factors in its long-term success.

The details

Cullen/Frost earned $155.3 million, or $2.39 per share, in Q2 2025, up from $143.8 million, or $2.21 per share, in the year-ago quarter. Average deposits grew 3.1% to $41.8 billion, while average loans rose 7.2% to $21.1 billion. The bank highlighted progress in its branch expansion strategy, noting the opening of its 200th location during the quarter. Management also discussed rising competition in commercial lending, leading to price compression and more aggressive deal structures.

  • Cullen/Frost reported Q2 2025 earnings on July 30, 2025.
  • The bank opened its 200th financial center location during the quarter.

The players

Cullen/Frost Bankers

A Texas-based financial institution that offers a range of banking and financial services, including commercial lending, deposit services, and consumer products.

Phil Green

Chairman and CEO of Cullen/Frost Bankers.

Dan Geddes

Chief Financial Officer of Cullen/Frost Bankers.

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