The earnings call presented a balanced view with strong earnings and growth metrics, particularly in loan and deposit growth, offset by challenges such as increased competition in lending and higher noninterest expenses. The bank's expansion strategy shows promise for future growth, but current pressures remain.

Company Guidance -

Q3 2025

During the second quarter of 2025, Cullen/Frost reported earnings of $155.3 million, or $2.39 per share, showing growth from $143.8 million, or $2.21 per share, a year earlier. Key performance metrics included a return on average assets of 1.22% and a return on average common equity of 15.6%, compared to 1.18% and 17.08%, respectively, in the previous year. Average deposits increased by 3.1% to $41.8 billion, while average loans grew by 7.2% to $21.1 billion. The company's organic growth strategy led to the opening of its 200th location and contributed to significant deposit and loan growth in Texas, with expansion efforts adding $2.76 billion in deposits and $2.03 billion in loans. The expansion now accounts for 9.6% of company loans and 6.6% of deposits. Overall credit quality remained strong, with nonperforming assets declining to $64 million. The net interest margin improved to 3.67%, supported by shifts in asset allocation. For the full year 2025, Cullen/Frost anticipates net interest income growth between 6% and 7% and mid to high single-digit loan growth, with expectations of accretive earnings from expansion efforts by 2026.

Earnings Growth

Cullen/Frost earned $155.3 million or $2.39 a share in Q2 2025, compared to $143.8 million or $2.21 a share in Q2 2024.

Loan and Deposit Growth

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

Expansion Milestone

Cullen/Frost opened its 200th location, growing its financial centers by over 50% since late 2018.

Commercial Business Expansion

Added just under $2 billion in new loan commitments in Q2, a 56% increase from Q1.

Strong Credit Quality

Nonperforming assets declined to $64 million from $85 million at year-end 2024.

Positive Net Interest Margin

Net interest margin increased by 7 basis points to 3.67%.

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

Daily Earnings Calendar >

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	$134.04	$127.41	-4.95%
May 01, 2025	$115.57	$119.41	+3.32%
Jan 30, 2025	$136.77	$138.47	+1.24%
Oct 31, 2024	$127.70	$124.65	-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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