Cullen/Frost reports Q3 EPS $2.67, consensus $2.38

Reports Q3 net interest margin 3.69% vs. 3.56% for 3Q24 and 3.67% for 2Q25. Common Equity Tier 1, Tier 1 and Total Risk-Based Capital Ratios at the end of Q3 were 14.14%, 14.59% and 16.04%, respectively. “In Q3, our business saw continued steady loan growth as well as the beginning of our usual seasonal strength in deposit flows in the back half of the year. We remained as laser-focused as ever on pursuing our strategy of opening new locations, extending the Frost experience to more families and businesses, and continuing to deliver top-quality digital banking tools along with an empathetic customer experience,” said CEO Phil Green. “Year-to-date, we have had strong financial performance across the board, with net interest income up eight percent and fee income up nine percent, average loans up eight percent and average deposits up three percent. We continue to build momentum in our newer markets, and we are well-positioned to continue to deliver above-market organic growth in any interest rate environment.”