# Cullen/Frost Reports Higher Earnings as Loans and Deposits Grow

The Texas banking company reported $178.5 million in quarterly profit available to common shareholders and declared its next dividend.

By Will Langan | 24X7 News
Published: 2026-10-29T15:02:23.123Z
Updated: 2026-10-29T15:02:23.123Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/cullen-frost-third-quarter-results-october-29-2026

Cullen/Frost Bankers reported October 29 that third-quarter income available to common shareholders rose to $178.5 million from $172.7 million a year earlier.

Diluted earnings increased to $2.84 per common share from $2.67. Average loans reached $23.4 billion, up 9% from the same quarter in 2025, while average deposits increased 3.6% to $43.6 billion.

Net interest income, measured on a taxable-equivalent basis, increased 5.8% to $490.8 million. Net interest margin was 3.78%, compared with 3.69% a year earlier.

The company also reported higher costs. Non-interest expense rose 7% to $377.2 million, including increases in salaries, advertising and technology spending.

Credit-loss expense was $12.1 million, compared with $6.8 million a year earlier. Non-accrual loans totaled $63.7 million, down from the second quarter but above the year-earlier figure of $44.8 million.

For January through September, income available to common shareholders increased 8.6% to $518.2 million.

The board declared a fourth-quarter common dividend of $1.03 per share, payable December 15 to shareholders of record November 30.

Sources:
Cullen/Frost — October 29 Results: https://www.prnewswire.com/news-releases/cullenfrost-reports-third-quarter-results-302923708.html

## Sources
- Cullen/Frost — October 29 Results: https://www.prnewswire.com/news-releases/cullenfrost-reports-third-quarter-results-302923708.html