The earnings beat and strong loan/deposit growth support a positive near-term reaction, but the sharp rise in non-accrual loans warrants close monitoring of credit loss expense in subsequent quarters. Watch the conference call for commentary on credit trends and any guidance updates.
Price Chart
Executive Summary
Cullen/Frost Bankers reported Q2 2026 EPS of $2.70, beating the $2.53 consensus by 6.7%, driven by 7.4% YoY loan growth and net interest margin expansion to 3.75%. Net income available to common shareholders rose 9.7% YoY to $170.4M, though non-accrual loans nearly doubled to $112.7M, signaling emerging credit quality concerns.
Key Financial Metrics
Key Facts
- Q2 2026 diluted EPS $2.70 vs consensus $2.53 (beat 6.7%)
- Net interest income (tax-equiv) $470.1M, up 4.3% YoY
- Average loans $22.6B, up 7.4% YoY; average deposits $42.6B, up 2.1% YoY
- Net interest margin 3.75% vs 3.67% YoY
- Non-accrual loans $112.7M, up from $62.4M YoY (0.49% of loans vs 0.29%)
- Repurchased 654,955 shares for $90.0M in Q2; $140M remaining under $300M authorization
- Common dividend raised to $1.03/share from $1.00
Financial Impact
EPS beat of $0.17 (6.7%) on consensus of $2.53; revenue (NII + non-interest income) ~$598.3M, up ~5.4% YoY
Risk Factors
- Non-accrual loans nearly doubled YoY, signaling potential credit deterioration
- Credit loss expense increased sequentially from $6.7M to $9.8M
- Net interest margin may face pressure if rate cuts materialize
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302838443 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 10w ago | 8-K | $168.07 $164.39 | ▼ −2.19% | ▼ −1.00% | $157.62 (−6.22%) |
Jul 30, 2026 12w ago | Press Release | $163.49 $164.76 | ▲ +0.78% | ▼ −2.85% | $157.62 (−3.59%) |
Jul 28, 2026 13w ago | Institutional Cluster | $167.06 $168.94 | ▲ +1.13% | ▼ −1.14% | $157.62 (−5.65%) |
Jul 9, 2026 15w ago | Press Release | $156.86 $163.52 | ▲ +4.25% | ▲ +4.81% | $157.62 (+0.48%) |
Jun 15, 2026 19w ago | Institutional Cluster | $145.04 $149.39 | ▲ +3.00% | ▲ +4.38% | $157.62 (+8.67%) |
Apr 30, 2026 25w ago | 8-K | $17.11 $17.11 | ▲ +0.00% | ▼ −1.73% | $157.62 (+821.22%) |
Mar 20, 2026 31w ago | DEFA14A | $131.56 $133.64 | ▲ +1.58% | ▲ +3.73% | $157.62 (+19.81%) |
US Market Status
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