I think you have it setup so that text field adjust font size to fit the text inside.
Try not setting it or reset to what you require.
UITextField reference:
adjustsFontSizeToFitWidth
A Boolean
value indicating whether the font size
should be reduced in order to fit the
text string into the text field’s
bounding rectangle.
@property(nonatomic) BOOL adjustsFontSizeToFitWidth
Discussion
Normally, the text field’s content is
drawn with the font you specify in the
font property. If this property is set
to YES, however, and the contents in
the text property exceed the text
field’s bounding rectangle, the
receiver starts reducing the font size
until the string fits or the minimum
font size is reached. The text is
shrunk along the baseline.
The default value for this property is
NO. If you change it to YES, you
should also set an appropriate minimum
font size by modifying the
minimumFontSize property.