Jon Arfstrom

Manan Gosalia

Peter Winter

Catherine Mealor

Ebrahim Poonawala

Benjamin Gerlinger

Casey Haire

Jared Shaw

Matt Olney

Casey Harowith

David Rochester

Michael Rose

Will Jones

- Cullen/Frost Bankers, Inc. (CFR) reported **Q3 2025 earnings of $172.7 million, or $2.67 per share**, marking a **19.2% increase** from the prior year.  **[0000039263_2217569_1]** 
- **Average deposits grew 3.3%** year-over-year to **$42.1 billion**, and **average loans increased 6.8%** year-over-year to **$21.5 billion** in Q3 2025.  **[0000039263_2217569_1]** 
- The company's expansion strategy was **accretive by $0.09 per share** in Q3 2025, contributing **$2.9 billion in deposits** and **$2.1 billion in loans**.  **[0000039263_2217569_1]** **[0000039263_2217569_3]** 
- CFR updated its full-year 2025 guidance, raising expected **net interest income growth to 7% to 8%** and **non-interest income growth to 6.5% to 7.5%**.  **[0000039263_2217569_4]** 
- During Q3 2025, the company repurchased approximately **549,000 shares** for **$69.3 million** as part of its **$150 million** approved share repurchase plan.  **[0000039263_2217569_4]**

Cullen/Frost Bankers, Inc. Reports Strong Q3 2025 Earnings and Updates Full-Year Guidance

- Cullen/Frost Bankers, Inc. reported **net income available to common shareholders of $172.7 million** for Q3 2025, up from $144.8 million in Q3 2024, with **diluted earnings per common share of $2.67** compared to $2.24 a year earlier.  **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:0]** **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:4]** 
- The company demonstrated solid growth in core banking metrics, with **average loans increasing 6.8 percent to $21.5 billion** and **average deposits rising 3.3 percent to $42.1 billion** in Q3 2025 compared to the prior year's third quarter.  **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:0]** **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:5]** 
- For the first nine months of 2025, net income available to common shareholders reached **$477.3 million**, a 12.9 percent increase, and diluted EPS was **$7.36**.  **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:0]** **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:6]** 
- Cullen/Frost maintained robust capital, with a **Common Equity Tier 1 Risk-Based Capital Ratio of 14.14 percent** at September 30, 2025, and the board declared a **fourth-quarter cash dividend of $1.00 per common share**.  **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:0]** **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:2]** **[39263_0000039263-25-000113_a3q25formxex991xpressrelea.htm:5]**

Cullen/Frost Reports Strong Q3 2025 Earnings and Declares Dividend

- Cullen/Frost Bankers, Inc. reported **net income available to common shareholders of $172.7 million** and **diluted earnings per share (EPS) of $2.67** for the third quarter of 2025, compared to $144.8 million and $2.24, respectively, for the third quarter of 2024.  **[39263_20251030DA10866:0]** 
- For the first nine months of 2025, net income available to common shareholders was **$477.3 million**, and diluted EPS was **$7.36**, representing increases of 12.9% and 13.1% respectively, compared to the same period in 2024.  **[39263_20251030DA10866:0]** 
- Net interest income on a taxable-equivalent basis increased by **9.1% to $463.7 million** in Q3 2025 compared to Q3 2024, while non-interest income rose by **10.5% to $125.6 million**.  **[39263_20251030DA10866:0]** **[39263_20251030DA10866:2]** 
- The company demonstrated improved asset quality, with credit loss expense decreasing significantly to **$6.8 million** in Q3 2025 from $19.4 million in Q3 2024, and non-accrual loans dropping to **$44.8 million** at September 30, 2025, from $104.9 million a year earlier.  **[39263_20251030DA10866:3]** 
- Capital ratios remained strong, with Common Equity Tier 1, Tier 1, and Total Risk-Based Capital Ratios at **14.14%, 14.59%, and 16.04%** respectively at the end of Q3 2025, all exceeding Basel III minimum requirements.  **[39263_20251030DA10866:2]**  The board also declared a fourth quarter dividend.  **[39263_20251030DA10866:0]**

Cullen/Frost Bankers Reports Strong Third Quarter 2025 Financial Performance

- Cullen/Frost Bankers, Inc. reported a market capitalization of **$8.3 billion**, total assets of **$51.4 billion**, total loans of **$21.3 billion**, and total deposits of **$41.7 billion** as of **June 30, 2025**.  **[39263_0000039263-25-000106_final2q-2025investorpres.htm:3]** 
- The company maintains a strong presence in Texas, with **200 financial centers** and a **3.8% market share** of total Texas deposits as of June 30, 2025, supported by an organic expansion strategy that contributed to **more than a fourth of loan growth** and **more than 15% of deposit growth** from 2018 to 2024.  **[39263_0000039263-25-000106_final2q-2025investorpres.htm:3]** **[39263_0000039263-25-000106_final2q-2025investorpres.htm:4]**  
- Cullen/Frost demonstrates robust financial health with capital ratios as of June 30, 2025, including a Common Equity Tier 1 ratio of **13.98%** and a Tier 1 Leverage ratio of **8.98%**, alongside strong credit quality with approximately **4.5x coverage for non-accrual loans** as of Q2-2025.  **[39263_0000039263-25-000106_final2q-2025investorpres.htm:7]**  
- The company has a history of **32 consecutive years of dividend increases** and consistent profitability, with non-interest income comprising **22.2% of total revenue** in the first half of 2025, driven significantly by trust and investment management fees.  **[39263_0000039263-25-000106_final2q-2025investorpres.htm:3]** **[39263_0000039263-25-000106_final2q-2025investorpres.htm:6]**

Cullen/Frost Bankers, Inc. Provides Q2 2025 Investor Presentation Highlights

CULLEN/FROST BANKERS (CFR)