Cullen/Frost Profit Grows Amid Texas Expansion
Texas banking customers may see more branch access as the lender reports a $178.5 million quarterly profit.
Updated on Oct. 29, 2026 in Banking
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Cullen/Frost Bankers Inc. reported $178.5 million in profit for the third quarter ending September 30, 2026. This performance reflects growth in San Antonio and throughout Texas as the bank expanded its network to capture new customer migration.
Why it matters
The bank's growth in loans and deposits highlights the financial impact of shifting demographics in Texas. For local households, this activity reflects a competitive lending environment and increased branch accessibility as the institution scales its operations.
Average deposits at Cullen/Frost grew 3.6% to $43.6 billion during the period. The bank also reported $63.7 million in non-accrual loans as of September 30.
The players
Cullen/Frost Bankers Inc.
A Texas-based financial institution that provides personal and commercial banking products including loans and deposit accounts.
The details
The bank’s revenue of $626.7 million was supported by a 3.78% net interest margin. To accommodate the influx of new residents and businesses, the bank grew its Texas branch network and increased its workforce. This expansion, while boosting service capacity, also drove non-interest expenses up by 7% to $377.2 million.
Timeline
The third-quarter reporting period officially closed on September 30, 2026.
Cullen/Frost Bankers Inc. released its earnings results on October 29, 2026.
Money Landscape
The bank's growth aligns with the documented trend of sustained migration into Texas, which continues to reshape regional financial markets. This performance follows a cycle of increased competition among local lenders for deposit shares.
The expansion of the branch network may provide more convenient access to in-person services for your banking needs. Review your current deposit rates and loan terms with a professional to ensure they remain competitive in this shifting regional market.
The takeaway
Rising loan and deposit volumes suggest a period of sustained activity for Texas banking customers. Monitor your account statements for any shifts in service fees or product offerings as the bank integrates its recent network expansions.
Further reading
For more information on how local institutions manage your deposits, visit Banking.
Source note: This article includes information reported by San Antonio Express-News.
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