Cullen/Frost posted Q2 2026 net income available to common shareholders of $170.4 million, up 9.7%; diluted EPS rose 13% to $2.70.
Net interest income on a taxable-equivalent basis climbed 4.3% to $470.1 million; net interest margin widened 0.08 percentage point to 3.75%.
Average loans increased 7.4% to $22.6 billion; average deposits grew 2.1% to $42.6 billion.
Non-interest income rose 9.4% to $128.3 million, helped by $2.2 million of one-time COVID payroll tax refunds received during the quarter.
Dividend and business update
The board declared a third-quarter common dividend of $1.03 per share; CEO Phil Green cited “sustained, solid and balanced growth” and seven new locations opened year-to-date.
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