Cullen/Frost Reports Third Quarter 2026 Results and Declares Dividends

Cullen/Frost Bankers, Inc. reported its financial results for the third quarter of 2026, highlighting growth in net income, average loans, and customer deposits alongside the declaration of upcoming quarterly dividends.

Third Quarter Financial Highlights

• Net Income: Net income available to common shareholders reached $178.5 million, or $2.84 per diluted common share, compared to $172.7 million, or $2.67 per diluted share, in the third quarter of 2025.
• Net Interest Income: Taxable-equivalent net interest income rose 5.8% to $490.8 million from $463.7 million a year earlier.
• Loans and Deposits: Average loans grew 9.0% to $23.4 billion, while average deposits increased 3.6% to $43.6 billion compared to the third quarter of 2025.
• Capital Ratios: Common Equity Tier 1, Tier 1, and Total Risk-Based Capital Ratios stood at 13.76%, 14.18%, and 15.50%, respectively, exceeding well-capitalized levels.

Dividends and Corporate Updates

The Board of Directors declared a fourth-quarter cash dividend of $1.03 per common share, payable on December 15, 2026, to shareholders of record on November 30, 2026. Additionally, the board declared a cash dividend of $11.125 per share of Series B Preferred Stock (or $0.278125 per depositary share), also payable on December 15, 2026.

Management noted continued customer household growth across consumer and commercial segments, alongside expansion in wealth management and insurance operations throughout Texas.

Verification and Conference Call

Stakeholders and interested parties can review the original earnings release and financial tables on the Cullen/Frost Investor Relations website at https://investor.frostbank.com/ The company scheduled a conference call for October 29, 2026, to discuss the quarterly results, with a playback option available through November 1, 2026.