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Cullen/Frost Bankers (CFR)
NYSE:CFR
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.47Last Year’s EPS
2.3Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear positives: solid loan and deposit growth, meaningful traction from the organic expansion program (200 locations, $2.0B loans and $2.76B deposits generated), stronger booked commitments and new commercial relationships, improved NIM and upgraded net interest income and noninterest income guidance. Offsetting items include rising problem loans (primarily multifamily criticized), higher quarterly net charge-offs, a large unrealized AFS loss, elevated structuring-related losses due to heightened competition, and continued expense growth that has historically outpaced revenue. Management expects expansion accretion in 2026 and provided constructive guidance, but near-term risks (asset quality migration in specific pockets and investment mark-to-market losses) temper the outlook.Company Guidance
Earnings and EPS Growth
Net income of $155.3 million in Q2 2025, or $2.39 per share, up from $143.8 million or $2.21 per share in Q2 2024 (EPS +8.1%).
Loan and Deposit Growth
Average loans rose to $21.1 billion, up 7.2% year-over-year from $19.7 billion; average deposits increased to $41.8 billion, up 3.1% year-over-year from $40.5 billion.
Organic Expansion Traction
Opened 200th financial center (up from ~130 in late 2018, >50% growth); expansion generated $2.76 billion in deposits, $2.003 billion in loans and ~69,000 new households; expansion avg loans and deposits grew $521 million and $544 million YoY (35.25% growth). Expansion represents ~9.6% of company loans and 6.6% of company deposits (June MTD averages) and is expected to be accretive in 2026.
Commercial Pipeline and New Relationships
Added just under $2.0 billion in new loan commitments in Q2 (56% above Q1); booked opportunities increased 36%; recorded 1,060 new commercial relationships in Q2 (second-highest quarterly total), a 9% increase over Q1.
Segment Performance Highlights
Commercial loan balances up $817 million (4.9% YoY); CRE +6.8% YoY; energy loans up 22% YoY; consumer real estate outstandings $3.3 billion, up $600 million YoY (+22%).
Net Interest Margin and Investment Yields
Net interest margin improved 7 basis points sequentially to 3.67%; investment portfolio averaged $20.4 billion (up $1.0 billion QoQ) with a taxable-equivalent yield of 3.79% (up 16 bps QoQ).
Improved Full-Year NII and Noninterest Income Guidance
Updated guidance assumes two 25-bp Fed cuts and projects full-year net interest income growth of 6%–7% (up from prior 5%–7%); noninterest income guidance raised to +3.5%–4.5% (from +2%–3%).
Deposit Cost and Liquidity Trends
Average total deposits $41.76 billion (up $102 million QoQ); cost of interest-bearing deposits modest at 1.93% (down 1 bp QoQ); customer repos averaged $4.25 billion (up $103 million QoQ).
CFR Earnings History
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 |
|---|---|---|---|
Jan 29, 2026 | $135.19 | $138.77 | +2.65% |
Oct 30, 2025 | $120.44 | $122.45 | +1.67% |
Jul 31, 2025 | $131.95 | $125.42 | -4.95% |
May 01, 2025 | $113.76 | $117.54 | +3.32% |
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 Apr 23, 2026, Before Open (Confirmed).
What is Cullen/Frost Bankers (CFR) earnings time?
Cullen/Frost Bankers (CFR) earnings time is at Apr 23, 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 2026 (Q1) is 2.47.