Cullen/frost Bankers ( (CFR) ) has released its Q3 earnings. Here is a breakdown of the information Cullen/frost Bankers presented to its investors.
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Cullen/Frost Bankers, Inc., a financial holding company based in San Antonio, operates as one of the 50 largest banks in the United States, providing a comprehensive range of banking, investment, and insurance services across Texas.
In its third quarter of 2025 earnings report, Cullen/Frost Bankers, Inc. announced a significant increase in net income available to common shareholders, reaching $172.7 million, up from $144.8 million in the same period last year. The board declared a fourth-quarter dividend on common and preferred stock, reflecting the company’s robust financial performance.
Key financial highlights include a 9.1% increase in net interest income on a taxable-equivalent basis, reaching $463.7 million. Average loans grew by 6.8% to $21.5 billion, and average deposits rose by 3.3% to $42.1 billion. Non-interest income also saw a notable rise, particularly in trust and investment management fees, which increased by 9.3%. The company’s capital ratios remained strong, exceeding regulatory requirements.
Non-interest expenses increased by 9.0% to $352.5 million, driven by higher salaries, wages, and employee benefits, as well as increased technology and equipment expenses. Despite these rising costs, the company maintained a stable allowance for credit losses and reported a decrease in non-accrual loans.
Looking ahead, Cullen/Frost Bankers, Inc. continues to focus on organic growth and expansion into new markets, with management expressing confidence in delivering above-market growth regardless of interest rate fluctuations. The company remains committed to enhancing its digital banking tools and customer experience.