**Cullen/Frost Bankers, Inc. Reports Increased Net Income for 2025**
Cullen/Frost Bankers, Inc. (NYSE: CFR) has filed its 10-K report, revealing a net income available to common shareholders of $641.9 million, or $9.92 diluted per common share, for the year 2025. This represents an increase compared to the $575.9 million, or $8.87 diluted per common share, reported in 2024. The company's total consolidated assets reached $53.0 billion as of December 31, 2025.
The increase in net income was primarily driven by a $131.5 million increase in net interest income and a $40.0 million increase in non-interest income. Credit loss expense also decreased by $20.8 million. These positive factors were partially offset by a $116.6 million increase in non-interest expense and a $9.7 million increase in income tax expense. Net interest income, the company's largest revenue source, totaled $1.736 billion for 2025.
Key operational developments included a focus on organic growth and expansion within Texas markets. As of December 31, 2025, Frost Bank operated approximately 204 financial centers and 1,760 ATMs across the state. The company also continued to invest in technology, including its Frost Connect digital banking platform, and global trade services to support businesses engaged in international trade. The company employed 6,008 full-time equivalent employees as of December 31, 2025.
Looking ahead, Cullen/Frost's board of directors authorized a $300.0 million stock repurchase plan, effective through January 27, 2027. The company remains subject to extensive federal and state regulations, including those related to capital requirements, liquidity, and consumer protection. Management continues to monitor and adapt to evolving regulatory and economic conditions, including potential impacts from interest rate fluctuations, cybersecurity threats, and climate-related risks.
About CULLEN/FROST BANKERS, INC.
Cullen/Frost Bankers, Inc. is a Texas-based financial holding company operating Frost Bank, which provides commercial and consumer banking, trust, investment management, insurance, brokerage, and treasury services. Serving diverse Texas markets, it emphasizes personalized, community-focused banking with competitive products. The company’s business model centers on relationship banking, fee-based income, and strategic growth through organic expansion and potential acquisitions, supported by a robust regulatory framework.
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