Filing Flows › Cullen/Frost Bankers (CFR) › Q2 2026
Cullen/Frost Bankers (CFR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Cullen/Frost Bankers (CFR) reported revenue of $576M for the second quarter 2026 (Q2 2026), +5% from a year earlier and +0.2% from the quarter before. Operating margin was 35.5%, net earnings $172M (29.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $576M | +0.2% | +5% |
| Operating profit | $205M | +1% | +10% |
| Net earnings | $172M | +0.6% | +10% |
| Operating cash flow | $52.9M | -78% | -62% |
What changed
Revenue was $576.0M in Q2 2026, up 5% year over year and roughly flat from the previous quarter.
Operating profit was $204.5M, a 35.5% margin (up 1.4 points year over year). Of the extra revenue versus Q2 2025, 62% reached operating profit, above the 34% margin then. Total costs grew 3% against revenue growth of 5%. Net earnings were $172.1M, up 10% year over year. The effective tax rate was 15.9%.
Operating cash flow was $52.9M (down 62% year over year), 31% of net earnings. Non-cash charges added back $22.4M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $147.0M. Capital expenditures of $60.1M exceeded it, leaving free cash flow of −$7.1M.
Questions
What was Cullen/Frost Bankers' revenue in the second quarter 2026?
Cullen/Frost Bankers (CFR) reported revenue of $576M for the second quarter 2026 (Q2 2026), +5% from a year earlier and +0.2% from the quarter before.
Was Cullen/Frost Bankers profitable in the second quarter 2026?
Operating profit was $205M (35.5% of revenue) and net earnings $172M.