Filing Flows › Cullen/Frost Bankers (CFR) › Q2 2026 › vs Q1 2026
Cullen/Frost Bankers (CFR) Q2 2026 vs Q1 2026 (quarter over quarter)
Cullen/Frost Bankers's revenue rose $1.2M (+0.2%) from $575M in Q1 2026 to $576M in Q2 2026. Operating margin 35.5% against 35.2% (+0.3 pts).
Cullen/Frost Bankers, Q2 2026: revenue $576M (+5% year over year), operating margin 35.5%, net earnings $172M, operating cash flow $52.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 35.5% | 35.2% | +0.3 pts |
| Net margin | 29.9% | 29.7% | +0.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $576M | $575M | $1.2M | +0.2% |
| Operating profit | $205M | $202M | $2.1M | +1% |
| Costs & expenses | $371M | $372M | −$964K | -0.3% |
| Pre-tax earnings | $205M | $202M | $2.1M | +1% |
| Net earnings | $172M | $171M | $1.1M | +0.6% |
| Income tax | $32.5M | $31.4M | $1.1M | +3% |
| Depreciation & amortization | $22.4M | $22.2M | $216K | +1% |
| Share-based compensation | $5.4M | $5.2M | $222K | +4% |
| Working capital & other | $147M | −$38.9M | $186M | — |
| Operating cash flow | $52.9M | $237M | −$184M | -78% |
| Capital expenditures | $60.1M | $38.6M | $21.5M | +56% |
| Negative free cash flow (OCF − capex) | $7.1M | −$199M | $206M | — |
Questions
How much did Cullen/Frost Bankers's revenue grow quarter over quarter in Q2 2026?
Cullen/Frost Bankers's revenue rose $1.2M (+0.2%) from $575M in Q1 2026 to $576M in Q2 2026. Operating margin 35.5% against 35.2% (+0.3 pts).