Cullen/Frost Q1 profit rises to $169.3 million, $2.65 a share; dividend up 3%
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing 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 April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.