Cullen/Frost Bankers, Inc. (CFR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings, and welcome to Colin Frost Bankers Incorporated's second quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It has been my pleasure to introduce A.B. Mendez, Senior Vice President and Director of Investor Relations. Thank you. You may begin. Thanks, Sherry. This afternoon's conference call will be led by Phil Green, Chairman and CEO, and Dan Geddes, Group Executive Vice President and CFO. Before I turn the call over to Phil and Dan, Form Act of 1995 as amended. We intend such statements to be covered by the Safe Harbor provisions for forward-looking statements contained and the Private Securities Litigation Reform Act of 1995 as amended. Please see the last page of text in this morning's earnings release for additional information about the risk factors associated with these forward-looking statements. If needed, a copy of the release is available on our website or by calling the Investor Relations Department at 210-220-5234. At this time, I'll turn the call over to Phil. Thanks, AB. Good afternoon, everyone, and thanks for joining us. Today, we'll review second quarter 2025 results for Cullen Frost, and our Chief Financial Officer, Dan Geddes, will provide additional commentary and guidance before we take your questions. In the second quarter of 2025, Cullen Frost earned $155.3 million, or $2.39 a share, and that compared with earnings of $143.8 million or $2.21 a share reported in the second quarter last year. Our return on average assets and average common equity in the second quarter were 1.22 perce...