Every material Form 8-K Frost Bank has filed with the SEC since January 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cullen/Frost Bankers said it will voluntarily move the listings of its common stock and Series B preferred depositary shares from the New York Stock Exchange to the Texas Stock Exchange. Trading on the TXSE is expected to begin November 12, 2026, and the tickers CFR and CFR.PrB will stay the same, with the company stating no shareholder action is required.
NYSE trading in common stock (CFR) and depositary shares (CFR.PrB) is expected to end at market close on November 11, 2026.
TXSE trading is expected to begin at market open on November 12, 2026, under the existing symbols.
The filing states no action is required from Cullen/Frost shareholders for the transfer.
The company reported $54.5 billion in assets at September 30, 2026.
Cullen/Frost reported third quarter 2026 net income available to common shareholders of $178.5 million, or $2.84 per diluted share, up from $172.7 million, or $2.67 per share, a year earlier. Net interest income rose 5.8 percent and average loans grew 9.0 percent year over year, while non-interest expense rose 7.0 percent. The board declared a fourth-quarter common dividend of $1.03 per share, payable December 15, 2026.
Q3 2026 net income available to common shareholders: $178.5 million, versus $172.7 million in Q3 2025
Diluted EPS: $2.84, versus $2.67; nine-month EPS of $8.19 was up 11.3 percent
Credit loss expense was $12.1 million, versus $6.8 million a year earlier; non-accrual loans fell to $63.7 million from $112.7 million in Q2 2026
Board declared a $1.03 per common share dividend, payable December 15, 2026 to holders of record on November 30
Cullen/Frost Bankers reported second quarter 2026 net income available to common shareholders of $170.4 million, or $2.70 per diluted share, up from $2.39 a year earlier. Net interest income rose 4.3% and average loans grew 7.4% from a year earlier, while non-accrual loans increased to $112.7 million from $62.4 million. The company also declared a third quarter common dividend of $1.03 per share, which matters to shareholders because it reflects higher earnings alongside continued capital returns.
Q2 2026 net income available to common shareholders was $170.4 million, versus $155.3 million in Q2 2025.
Net interest income was $470.1 million on a taxable-equivalent basis, up 4.3% year over year.
Non-accrual loans were $112.7 million at June 30, 2026, up from $62.4 million a year earlier.
Third quarter common dividend of $1.03 per share is payable September 15, 2026, to holders of record on August 31.
Cullen/Frost Bankers reported first-quarter 2026 net income available to common shareholders of $169.3 million, or $2.65 per diluted share, up from $149.3 million, or $2.30 per diluted share, a year earlier. The board also raised the quarterly common dividend 3.0 percent to $1.03 per share, which shareholders of record on May 29, 2026 will receive on June 15, 2026.
Net income available to common shareholders was $169.3 million, or $2.65 per diluted share, versus $149.3 million, or $2.30 per diluted share, in the first quarter of 2025.
Net interest income on a taxable-equivalent basis rose 5.6 percent to $460.8 million, while non-interest expense rose 5.1 percent to $365.7 million.
Quarterly common dividend increased to $1.03 per share from $1.00, payable June 15, 2026 to shareholders of record on May 29, 2026.
The company repurchased 507,753 shares for $70.0 million in the quarter and had $230 million remaining under its $300 million authorization, which expires in January 2027.
On January 28, 2026, Cullen/Frost's board elected Marsha M. Shields and Jeffrey M. Rummel as directors and expanded the board from thirteen to fifteen members. Director Chris Avery notified the company on January 27, 2026, that he will retire and not stand for re-election when his term expires at the 2026 annual meeting, scheduled for April 29, 2026. The filing contains no financial figures; the changes concern board composition and independence.
Marsha M. Shields and Jeffrey M. Rummel elected directors on January 28, 2026; board size raised from 13 to 15.
Chris Avery notified the company on January 27, 2026, of his retirement; his term ends at the annual meeting scheduled for April 29, 2026.
Rummel was managing partner of Ernst & Young's San Antonio office from 2020 to June 2025; Shields is CEO and Managing Partner of McCombs Enterprises.
Both new directors were determined to be independent and will serve on the Audit and Risk Committees; Shields has an ownership stake in entities with 2025 banking transactions with the company.
Cullen/Frost reported fourth-quarter 2025 net income available to common shareholders of $164.6 million, up 7.4% from a year earlier, and full-year 2025 net income available to common shareholders of $641.9 million, up 11.5%. The board also authorized a $300 million common stock repurchase program running through January 27, 2027, and declared a $1.00 first-quarter dividend per common share, which gives shareholders a direct view of capital returns.
Q4 2025 diluted EPS was $2.56, versus $2.36 in Q4 2024; net interest margin was 3.66%, versus 3.53%.
Full-year 2025 diluted EPS was $9.92, versus $8.87 in 2024.
Board authorized up to $300 million of common stock repurchases over one year, expiring January 27, 2027; the company completed its prior $150 million authorization.
First-quarter cash dividend of $1.00 per common share is payable March 13, 2026, to holders of record on February 27, 2026.
Cullen/Frost reported third-quarter 2025 net income available to common shareholders of $172.7 million, or $2.67 per diluted share, up from $144.8 million, or $2.24 per share, a year earlier. Net interest income rose 9.1% and credit loss expense fell to $6.8 million from $19.4 million, while non-interest expense rose 9.0%. The board also declared a fourth-quarter common dividend of $1.00 per share.
Net income available to common shareholders was $172.7 million, or $2.67 per diluted share, versus $144.8 million, or $2.24, in Q3 2024.
Net interest income was $463.7 million on a taxable-equivalent basis, up 9.1%; net interest margin was 3.69%.
Non-interest expense was $352.5 million, up 9.0% from a year earlier.
The board declared a $1.00 per common share dividend, payable December 15, 2025, to holders of record on November 28.
Cullen/Frost reported second-quarter 2025 net income available to common shareholders of $155.3 million, up from $143.8 million a year earlier, and diluted earnings of $2.39 per share, up from $2.21. Net interest income rose 7.9% to $450.6 million, while non-interest expense rose 9.5% to $347.1 million. The board also declared a third-quarter common dividend of $1.00 per share, payable September 15, 2025.
Net income available to common shareholders was $155.3 million, versus $143.8 million in Q2 2024; diluted EPS was $2.39 versus $2.21.
Net interest income was $450.6 million, up 7.9%; net interest margin was 3.67% versus 3.54% a year earlier.
Non-interest expense was $347.1 million, up 9.5%; credit loss expense was $13.1 million.
Board declared a $1.00 per common share dividend, payable September 15, 2025 to holders of record on August 29.
Cullen/Frost reported first-quarter 2025 net income available to common shareholders of $149.3 million, up from $134.0 million a year earlier, and diluted earnings of $2.30 per share, up from $2.06. The board also raised the quarterly common dividend 5.3 percent to $1.00 per share from $0.95.
Net income available to common shareholders was $149.3 million, versus $134.0 million in Q1 2024.
Diluted earnings per share were $2.30, versus $2.06 a year earlier.
Net interest income on a taxable-equivalent basis rose 6.1 percent to $436.4 million; non-interest expense rose 6.7 percent to $348.1 million.
The board declared a $1.00 common dividend payable June 13, 2025 to holders of record on May 30.
Cullen/Frost reported fourth-quarter 2024 net income available to common shareholders of $153.2 million, up from $100.9 million a year earlier, when results included a $51.5 million FDIC surcharge. For full-year 2024, net income available to common shareholders fell 2.6% to $575.9 million, and diluted EPS was $8.87 versus $9.10 in 2023. The board also authorized a $150 million share repurchase program running through January 28, 2026.
Q4 2024 net income available to common shareholders was $153.2 million, up $52.3 million from $100.9 million in Q4 2023
Q4 2024 diluted EPS was $2.36, compared with $1.55 in Q4 2023
Full-year 2024 net income available to common shareholders was $575.9 million, down 2.6% from $591.3 million in 2023
Board authorized up to $150 million in common stock repurchases through January 28, 2026, and declared a first-quarter dividend of $0.95 per common share payable March 14, 2025
Cullen/Frost Bankers reported third quarter 2024 net income available to common shareholders of $144.8 million, down from $154.0 million a year earlier, with diluted EPS of $2.24 versus $2.38. Nine-month net income fell 13.8 percent, and non-interest expense rose 10.3 percent, while loans grew and the board declared a $0.95 quarterly common dividend.
Q3 2024 net income available to common shareholders was $144.8 million, versus $154.0 million in Q3 2023; diluted EPS was $2.24 versus $2.38.
Nine-month 2024 net income available to common shareholders was $422.7 million, down 13.8 percent; diluted EPS was $6.51 versus $7.54.
Average loans rose 11.8 percent year over year to $20.1 billion; average deposits fell 0.2 percent to $40.7 billion.
Non-interest expense was $323.4 million, up 10.3 percent; the board declared a $0.95 common dividend payable December 13, 2024.
Cullen/Frost reported second-quarter 2024 net income available to common shareholders of $143.8 million, down from $160.4 million a year earlier, and diluted EPS of $2.21 versus $2.47. The board also raised the quarterly common dividend 3.3 percent to $0.95 per share, payable September 13, 2024.
Net income available to common shareholders: $143.8 million in Q2 2024 vs. $160.4 million in Q2 2023
Diluted EPS: $2.21 vs. $2.47 a year earlier; net interest margin 3.54 percent vs. 3.45 percent
Average loans rose 11.3 percent year over year to $19.7 billion; average deposits fell 1.2 percent to $40.5 billion
Quarterly common dividend increased to $0.95 from $0.92, payable September 13, 2024 to holders of record on August 30
Cullen/Frost said CFO Jerry Salinas will retire effective December 31, 2024. Dan Geddes, currently San Antonio Region President, will become Group Executive Vice President and Chief Financial Officer on January 1, 2025, and Matt Henson will become Chief Accounting Officer on the same date. The changes affect the top finance roles, but the filing contains no financial results or guidance.
Jerry Salinas, who has worked at Frost since 1986, will retire effective December 31, 2024.
Dan Geddes, age 50, joined the company in 1997 and will become CFO effective January 1, 2025.
Matt Henson, age 53, joined in 2003 and will become Chief Accounting Officer effective January 1, 2025.
Clay Jones was named San Antonio region president, effective immediately.
At its April 24, 2024 annual meeting, Cullen/Frost shareholders approved the 2024 Equity Incentive Plan, which replaces the 2015 Omnibus Incentive Plan, and elected all twelve director nominees to one-year terms. Shareholders also gave nonbinding approval to executive compensation and ratified Ernst & Young LLP as independent auditor. The filing reports the vote counts but no change in financial results.
2024 Equity Incentive Plan approved April 24, 2024 with 53,268,092 votes for and 1,004,357 against; the 2015 Plan is replaced and no further grants will be made under it
All 12 director nominees elected to one-year terms expiring at the 2025 Annual Meeting
Nonbinding say-on-pay approved with 53,091,784 votes for and 1,153,675 against
Ernst & Young LLP ratified as auditor for the fiscal year that began January 1, 2024, with 58,738,583 votes for
Cullen/Frost reported first-quarter 2024 net income available to common shareholders of $134.0 million, or $2.06 per diluted share, compared with $2.70 a year earlier. The result includes a $7.7 million addition to the estimated FDIC special assessment; excluding that item, EPS would have been $2.15, a 20.4 percent decrease, and the board declared a second-quarter common dividend of $0.92 per share.
Diluted EPS of $2.06 versus $2.70 in Q1 2023; excluding the FDIC item, EPS would have been $2.15, down 20.4 percent
FDIC special assessment addition of $7.7 million ($6.1 million after tax) in the first quarter
Net interest income on a taxable-equivalent basis was $411.4 million, down 3.4 percent year over year; non-interest income rose 5.8 percent to $111.4 million
Board declared a $0.92 per common share dividend payable June 14, 2024, to holders of record on May 31
Cullen/Frost Bankers' board elected Hope Andrade as a director effective January 24, 2024, and expanded the board from 13 to 14 members. Andrade will serve on the Audit and Risk Committees, and the board determined she is independent; the filing discloses that her affiliated company had banking transactions with the bank in 2023 in the ordinary course of business.
Hope Andrade elected to the board on January 24, 2024; board size increased from 13 to 14 members
Andrade will serve on the Audit and Risk Committees and is compensated consistently with other non-employee directors
Go Rio San Antonio LLC, which Andrade beneficially owns, had banking transactions with Cullen/Frost in 2023; more are expected in 2024
Press release dated January 26, 2024 reports $50.8 billion in assets at December 31, 2023
Cullen/Frost reported fourth-quarter 2023 net income available to common shareholders of $100.9 million, or $1.55 per diluted share, down from $2.91 a year earlier, after a one-time $51.5 million FDIC insurance surcharge. For the full year, earnings rose 3.3% to $591.3 million, or $9.10 per diluted share, and the board declared a $0.92 first-quarter dividend and approved a $150 million share repurchase program.
Q4 2023 net income available to common shareholders was $100.9 million, versus $189.5 million in Q4 2022; excluding the FDIC surcharge, the company says it would have been about $141.6 million, down 25.3%.
Full-year 2023 net income available to common shareholders was $591.3 million, up 3.3% from $572.5 million; diluted EPS was $9.10 versus $8.81.
The board declared a first-quarter 2024 common dividend of $0.92 per share, payable March 15, 2024.
The new repurchase authorization covers up to $150 million of common stock through January 24, 2025, and may be suspended at any time.
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