---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-26-000033"
form_type: "8-K"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:16:32.525041+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cullen/Frost reports Q1 EPS $2.65, up from $2.30 YoY; raises dividend 3% to $1.03

## Summary
- Net income available to common shareholders $169.3M (+13.4% YoY); diluted EPS $2.65 vs $2.30.
- Net interest income (taxable-equivalent) $460.8M, up 5.6% YoY; NIM 3.74% vs 3.60%.
- Average loans $22.0B (+5.9% YoY); average deposits $42.2B (+1.4% YoY).
- Quarterly common dividend raised 3% to $1.03, payable June 15, 2026 to holders of record May 29.
- Repurchased 507,753 shares for $70M in Q1; $230M remaining under $300M authorization expiring Jan 2027.

## SEC filing metadata
- accession: 0000039263-26-000033
- form_type: 8-K
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926326000033/0000039263-26-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926326000033/cfr-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-26-000033
- JSON: https://secwatch.observer/filing/0000039263-26-000033.json
- Plain text: https://secwatch.observer/filing/0000039263-26-000033.txt

## Key facts
- Earnings Releases
  CULLEN/FROST BANKERS, INC. reported quarter ended March 31, 2026 results: net income $169.3 million, EPS $2.65 per diluted common share.
  - Period: quarter ended March 31, 2026
  - Net income: $169.3 million
  - EPS: $2.65 per diluted common share
  - Result: reported results
  source text: Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported first quarter 2026 results. Net income available to common shareholders for the first quarter of 2026 was $169.3 million, compared to $149.3 million for the first quarter of 2025. On a per-share basis, net income available to common shareholders for the first quarter of 2026 was $2.65 per diluted common share, compared to $2.30 per diluted common share reported a year earlier.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39263/000003926326000033/0000039263-26-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.