Cullen/Frost Bankers Upgraded After Q1 EPS of $2.65 and 5.6% NII Rise
Stephens upgraded Cullen/Frost Bankers to Overweight after Q1 EPS of $2.65 topped estimates and revenues climbed to $597.1 million on a 5.6% net interest income gain. Net income rose 13.4% to $169.3 million and the bank lifted its quarterly dividend 3% to $1.03 per share.
1. Analyst Upgrade to Overweight
On May 5, Stephens upgraded its rating on Cullen/Frost Bankers to Overweight, reflecting confidence in the company’s recent performance and outlook.
2. Q1 2026 Financial Highlights
Cullen/Frost reported first-quarter 2026 earnings per share of $2.65, surpassing consensus estimates, with total revenues rising to $597.1 million driven by a 5.6% increase in net interest income.
3. Profit Growth and Dividend Increase
Net income available to common shareholders climbed 13.4% to $169.3 million, and the bank raised its quarterly dividend by 3% to $1.03 per share, underscoring its commitment to shareholder returns.