The earnings call highlighted strong financial performance with significant growth in earnings, loans, and deposits. The expansion strategy is yielding positive results, and the company has successfully improved its net interest margin. However, there are challenges with increased competition in lending and a rise in problem loans. Despite these challenges, the positive highlights significantly outweigh the lowlights, indicating a strong market position and positive future outlook.

Company Guidance

During the Cullen/Frost Bankers, Inc. second quarter 2025 earnings call, the company provided several key metrics and guidance for the fiscal year. The company reported earnings of $155.3 million, or $2.39 per share, compared to $143.8 million, or $2.21 per share, in the same quarter last year. The return on average assets was 1.22%, and the return on average common equity was 15.6%. Average deposits increased by 3.1% to $41.8 billion, while average loans grew by 7.2% to $21.1 billion. The company achieved a milestone with the opening of its 200th location, having increased its number of financial centers by more than 50% since 2018. The expansion has generated $2.76 billion in deposits and $2.03 billion in loans, adding nearly 69,000 new households. Cullen/Frost expects its expansion strategy to be accretive to earnings by 2026. The company also provided guidance for the full year 2025, anticipating net interest income growth between 6% to 7%, net interest margin improvement of 12 to 15 basis points, and noninterest income growth of 3.5% to 4.5%. Additionally, full-year average loan growth is expected to be in the mid to high single digits, with average deposits increasing by 2% to 3%.

Solid Earnings Growth

Cullen/Frost earned $155.3 million or $2.39 a share, up from $143.8 million or $2.21 a share year-over-year.

Strong Loan and Deposit Growth

Average loans grew 7.2% year-over-year to $21.1 billion, and average deposits increased by 3.1% to $41.8 billion.

Successful Expansion Strategy

Opened 200th location, with expansion efforts generating $2.76 billion in deposits and $2.03 billion in loans. Expansion loans and deposits grew 35% and 25% year-over-year, respectively.

High Consumer Deposit Growth

Consumer deposits grew 3.7% year-over-year, with strong checking household growth at 5.4%.

Improved Net Interest Margin

Net interest margin increased by 7 basis points to 3.67%, driven by a shift to higher-yielding loans and securities.

Record Commercial Calls

Second quarter represented an all-time record for calls, with a 7% year-to-date increase.

Positive Guidance Updates

Guidance for net interest income growth revised upwards to 6%-7% for 2025, with full-year noninterest income expected to grow 3.5%-4.5%.

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
Oct 23, 2025	2025 (Q3)	2.37 / -	2.24	―	―	―
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)	―
Jul 27, 2023	2023 (Q2)	2.40 / 2.47	1.81	36.46% (+0.66)	―

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
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%
Oct 31, 2024	$126.72	$123.69	-2.39%

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 Oct 23, 2025, Before Open (Confirmed).

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

Cullen/Frost Bankers (CFR) earnings time is at Oct 23, 2025, 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 (Q3) is 2.37.

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