Cullen/Frost Q3 net income rises to $172.7 million, or $2.67 per diluted share
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.