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

Cullen/Frost Bankers, Inc.'s Latest Earnings Call - May 22, 2026

Compagnie Financière Richemont SA reported its fiscal year 2026 results, showcasing strong sales momentum with revenues reaching EUR 22.4 billion, up 11% at constant exchange rates. Operating profit was EUR 4.5 billion, a 1% increase, while profit for the year rose to EUR 3.5 billion from EUR 2.8 billion. The jewelry segment led growth with a 14% increase in sales, while the company maintained a robust net cash position of EUR 8.5 billion. Management provided no specific future guidance, but highlighted ongoing strategic investments and a cautious outlook due to macroeconomic uncertainties.

Reported metrics

Guidance from management

Management did not provide specific future guidance but emphasized ongoing strategic investments and a cautious outlook due to macroeconomic uncertainties.

What management said

We'll open the floor to questions. So please announce your name and company if you can, at least at the beginning, limit yourself to 2 questions. Thank you. Okay. Let's start this time. On the left, Zuzanna.

Yes, thank you for the questions. I'd say growth was pretty consistent throughout the quarter with obviously 2 exceptions. The first 1 being Chinese New Year was primarily in January last year. in February this year. So obviously, that changed a bit the growth dynamic from 1 month to the other in our last quarter in China. And secondly, the Middle East, obviously, we had a consistent and nice double-digit growth in t...

What analysts pressed on

Analysts expressed concerns about the impact of rising gold prices on margins and sought clarity on the competitive landscape in China. Questions were also raised about the sustainability of current growth rates and the potential impact of geopolitical tensions.

Main topics on the call

• Jewelry Maisons Performance — The Jewelry Maisons, including Cartier and Van Cleef & Arpels, saw sales rise by 14% at constant rates, driven by double-digit growth across all regions. Operating profit for this segment reached EUR 5 billion, with an o...
• Regional Sales Growth — Sales in the Americas grew by 17%, driven by strong local demand. Asia Pacific sales increased by 8%, with notable growth in South Korea and Hong Kong. Europe saw a 9% rise, supported by jewelry sales.
• Operating Margin and Cost Management — Operating profit was EUR 4.5 billion, up 1% despite EUR 164 million in nonrecurring costs. Cost discipline and strategic investments were emphasized as mitigating factors against external headwinds.
• Impact of External Factors — The company faced significant external headwinds, including currency fluctuations and rising gold prices, which impacted gross margins. Management highlighted the need for agility in navigating these challenges.

Read the full Cullen/Frost Bankers, Inc. transcript (May 22, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 Cullen/Frost Bankers, Inc. earnings call transcripts on record, spanning January 30, 2020 to July 30, 2026. Based on this history, Cullen/Frost Bankers, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CFR

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

43

First call

January 30, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly