Frost Bank Shatters Records with 9.7% Quarterly Earnings Surge
Cullen/Frost Bankers Incorporated has announced a stellar performance in its second quarter 2026 earnings, with the company raking in $170.4 million, a whopping 9.7% increase from the same period last year.
The impressive results were highlighted by Chairman and CEO Phil Green during the company's conference call on July 30, 2026, where he revealed that per-share earnings for the second quarter had soared to $2.70, representing a 13% jump from the corresponding period in 2025.
Green also took pride in Frost Consumer Bank's remarkable performance, citing it as an industry leader in both customer experience and organic growth despite intensified competition from new entrants in the Texas markets. The bank reported a year-over-year increase of 5.7% in consumer checking account household growth, driven by its strongest quarter of customer growth since the second quarter of 2023.
This high customer growth is further driving strong increases in non-interest income, with Frost reporting an 11% year-over-year jump to $2.89 per consumer. The company has consistently demonstrated remarkable consistency in organic growth since its expansion began in late 2018, with consumer checking accounts growing by a staggering 47% over the past seven and a half years.
The success of Frost Consumer Bank's organic growth strategy is reflected not only in customer acquisition but also in commercial lending. The bank reported an impressive 20% annual growth rate in consumer loans, which ended the quarter with over $4.5 billion outstanding. This growth was driven primarily by mortgage lending and second lien home equity products.
Commercial deposits were up 0.7% for the first quarter, reflecting seasonal trends, but commercial loan commitments booked a remarkable 23% increase from Q1, marking the second highest quarterly total in two years. Core commitments made up 58% of the dollar amount of Frost's commitments in the second quarter.
"Our organic growth strategy is both durable and scalable," Green emphasized during the conference call, highlighting the company's ability to consistently deliver above-average growth across various segments.
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