The earnings call highlighted significant earnings growth, strong consumer and mortgage lending performance, and successful expansion efforts. However, challenges such as commercial real estate paydowns, rising expenses, and competitive market pressures were also noted. Despite these challenges, the strong positive metrics and achievements outweigh the negatives.

Company Guidance

During Cullen/Frost Bankers, Inc.'s third quarter 2025 earnings call, the company provided a robust set of metrics and guidance. The bank reported earnings of $172.7 million, or $2.67 per share, marking a 19.2% increase from the previous year. Their return on average assets was 1.32%, and return on average common equity was 16.72%, both showing year-over-year improvements. Average deposits rose 3.3% to $42.1 billion, while average loans increased 6.8% to $21.5 billion. Notably, the bank's expansion efforts contributed significantly, with expansion deposits and loans totaling $2.9 billion and $2.1 billion, respectively. Consumer checking households grew by 5.4% year-over-year, and their consumer real estate loan portfolio expanded by 18.7%. The commercial loan segment saw a 5.1% year-over-year growth, with notable increases in energy and commercial and industrial (C&I) loans. The bank maintained strong credit quality, with nonperforming assets decreasing to $47 million and net charge-offs at $6.6 million for the quarter. Looking forward, the bank raised its full-year 2025 guidance for net interest income growth to 7%-8%, with expected loan growth of 6.5%-7.5% and deposit growth of 2.5%-3.5%. Additionally, they anticipate noninterest income growth in the 6.5%-7.5% range, while managing noninterest expense growth at 8%-9%.

Strong Earnings Growth

Cullen/Frost earned $172.7 million or $2.67 per share in Q3 2025, up 19.2% from the previous year.

Record Consumer Checking Household Growth

Year-over-year, consumer checking households grew by 5.4%, marking the strongest quarter in new checking household growth since the post-Silicon Valley flight to safety.

Robust Mortgage Lending Performance

Mortgage lending reached record performance across key metrics such as dollars funded, number of loans closed, and solution referrals, with expectations to surpass these records in Q4.

Expansion Strategy Success

Expansion locations delivered $0.09 of EPS accretion, with significant contributions from Houston 1.0.

Improved Credit Quality

Nonperforming assets declined to $47 million from $64 million last quarter and $106 million a year ago. Net charge-offs also decreased to $6.6 million compared to $11.2 million last quarter.

Cullen/Frost Bankers (CFR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CFR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 22, 2026	2025 (Q4)	2.44 / -	2.36	―	―	―
Oct 30, 2025	2025 (Q3)	2.38 / 2.67	2.24	19.20% (+0.43)	―
Jul 31, 2025	2025 (Q2)	2.31 / 2.39	2.21	8.14% (+0.18)	―
May 01, 2025	2025 (Q1)	2.16 / 2.30	2.06	11.65% (+0.24)	―
Jan 30, 2025	2024 (Q4)	2.16 / 2.36	1.55	52.26% (+0.81)	―
Oct 31, 2024	2024 (Q3)	2.17 / 2.24	2.38	-5.88% (-0.14)	―
Jul 25, 2024	2024 (Q2)	2.07 / 2.21	2.47	-10.53% (-0.26)	―
Apr 25, 2024	2024 (Q1)	2.09 / 2.06	2.7	-23.70% (-0.64)	―
Jan 25, 2024	2023 (Q4)	1.93 / 1.55	2.91	-46.74% (-1.36)	―
Oct 26, 2023	2023 (Q3)	2.11 / 2.38	2.59	-8.11% (-0.21)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CFR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2025	$121.41	$123.44	+1.67%
Jul 31, 2025	$133.02	$126.44	-4.95%
May 01, 2025	$114.68	$118.50	+3.33%
Jan 30, 2025	$135.72	$137.41	+1.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cullen/frost Bankers (CFR) report earnings?

Cullen/frost Bankers (CFR) is schdueled to report earning on Jan 22, 2026, Before Open (Confirmed).

What is Cullen/frost Bankers (CFR) earnings time?

Cullen/frost Bankers (CFR) earnings time is at Jan 22, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CFR EPS forecast?

CFR EPS forecast for the fiscal quarter 2025 (Q4) is 2.44.

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