Cullen/Frost Bankers (CFR) Stock Overview
Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for CFR from our risk checks.
CFR Community Fair Values
Create NarrativeSee what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Cullen/Frost Bankers, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$140.85 |
| 52 Week High | US$148.97 |
| 52 Week Low | US$119.00 |
| Beta | 0.55 |
| 1 Month Change | 1.44% |
| 3 Month Change | 5.11% |
| 1 Year Change | 9.49% |
| 3 Year Change | 29.79% |
| 5 Year Change | 23.42% |
| Change since IPO | 2,306.76% |
Recent News & Updates
Narrative Update • Jun 03
CFR: Dividend Strength And Profitability Framework Will Support Steady Long Term Potential
Analysts have nudged their price target for Cullen/Frost Bankers to $150.53 from $148.93, citing updated assumptions on revenue growth, profit margins, the discount rate and future P/E that slightly adjust their valuation framework. What’s in the News Cullen/Frost Bankers raised its 2026 net interest income growth guidance to a range of 3.5% to 5%, narrowing prior guidance of 3% to 5% (Key Developments).Seeking Alpha • May 08
Cullen/Frost Bankers: A Great Bank, But Not Yet Worthy Of An Upgrade
Summary Cullen/Frost Bankers maintains a 'hold' rating due to its premium valuation despite strong fundamentals and asset quality. Loan and securities growth, along with strategic balance sheet shifts, has driven net interest margin expansion to 3.74% and increased profitability. CFR trades at 14x earnings and over double book value, making it expensive relative to peers despite a robust 15.15% ROE and 1.32% ROA. Stable deposit base, diversified loan portfolio, and rising net interest income support the bank's healthy operational outlook, but valuation limits upside. Read the full article on Seeking AlphaNarrative Update • May 03
CFR: Dividend Stability And Profitability Assumptions Will Support Steady Future Potential
Analysts have adjusted their fair value estimate for Cullen/Frost Bankers from about $146.67 to about $148.93, reflecting updated assumptions for revenue growth, profit margin, and future P/E that feed into their refreshed price target view. What's in the News Cullen/Frost Bankers announced a quarterly dividend of US$1.03 per share, scheduled to be paid on June 15, 2026, with an ex dividend and record date of May 29, 2026 (Key Developments).Recent updates
Narrative Update • Jun 03
CFR: Dividend Strength And Profitability Framework Will Support Steady Long Term Potential
Analysts have nudged their price target for Cullen/Frost Bankers to $150.53 from $148.93, citing updated assumptions on revenue growth, profit margins, the discount rate and future P/E that slightly adjust their valuation framework. What’s in the News Cullen/Frost Bankers raised its 2026 net interest income growth guidance to a range of 3.5% to 5%, narrowing prior guidance of 3% to 5% (Key Developments).Seeking Alpha • May 08
Cullen/Frost Bankers: A Great Bank, But Not Yet Worthy Of An Upgrade
Summary Cullen/Frost Bankers maintains a 'hold' rating due to its premium valuation despite strong fundamentals and asset quality. Loan and securities growth, along with strategic balance sheet shifts, has driven net interest margin expansion to 3.74% and increased profitability. CFR trades at 14x earnings and over double book value, making it expensive relative to peers despite a robust 15.15% ROE and 1.32% ROA. Stable deposit base, diversified loan portfolio, and rising net interest income support the bank's healthy operational outlook, but valuation limits upside. Read the full article on Seeking AlphaNarrative Update • May 03
CFR: Dividend Stability And Profitability Assumptions Will Support Steady Future Potential
Analysts have adjusted their fair value estimate for Cullen/Frost Bankers from about $146.67 to about $148.93, reflecting updated assumptions for revenue growth, profit margin, and future P/E that feed into their refreshed price target view. What's in the News Cullen/Frost Bankers announced a quarterly dividend of US$1.03 per share, scheduled to be paid on June 15, 2026, with an ex dividend and record date of May 29, 2026 (Key Developments).Narrative Update • Apr 18
CFR: Share Repurchases And Lower Credit Costs Will Support Steady Future Potential
Analysts have nudged their price target for Cullen/Frost Bankers higher to about $147 from roughly $146, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that slightly adjust their valuation outlook. What's in the News Cullen/Frost Bankers announced a share repurchase program authorizing the company to buy back up to US$300 million of common shares, with the authorization valid until January 27, 2027 (Key Developments).Narrative Update • Apr 04
CFR: Share Repurchases And Lower Credit Costs Will Support Measured Future Upside
Analysts have trimmed their price target on Cullen/Frost Bankers by about $0.53 to $145.53, reflecting updated assumptions on fair value, discount rate, revenue, profit margin, and forward P/E. What's in the News Cullen/Frost Bankers announced a share repurchase program authorizing buybacks of up to $300 million of common stock, with the program running through January 27, 2027 (company announcement).Narrative Update • Mar 20
CFR: Ongoing Share Repurchases And Improving Credit Costs Will Support Future Upside
The analyst price target for Cullen/Frost Bankers is unchanged at $146.07, with analysts citing relatively steady assumptions for discount rate, revenue growth, profit margin, and future P/E as support for maintaining this level. What's in the News Cullen/Frost Bankers announced a share repurchase program authorizing up to US$300 million of common share buybacks, valid through January 27, 2027 (company announcement).Narrative Update • Mar 04
CFR: Buybacks And Stable Credit Costs Will Support Steady Fairly Valued Returns
Analysts have kept their average price target for Cullen/Frost Bankers steady at about $146.07, citing relatively unchanged long term assumptions around the discount rate, revenue growth, profit margin, and future P/E as the basis for maintaining their view. What's in the News Cullen/Frost Bankers completed the repurchase of 1,203,141 shares, representing 1.88% of its shares, for a total of US$150 million under the buyback announced on January 30, 2025.Narrative Update • Feb 18
CFR: Buybacks And Credit Costs Will Shape Steady Fairly Valued Returns
Analysts have nudged their price target on Cullen/Frost Bankers higher to about $146 from roughly $144, reflecting updated assumptions for revenue growth, profit margins, discount rate and future P/E. What's in the News Cullen/Frost Bankers reported unaudited consolidated net charge offs of $5,843 thousand for the quarter ended December 31, 2025, compared with $13,962 thousand a year earlier (Key Developments).Narrative Update • Feb 04
CFR: Buybacks And Credit Costs Will Shape Steady Fairly Valued Returns
Analysts have lifted their price target on Cullen/Frost Bankers by about US$6, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E that together support a modestly higher valuation range. What's in the News The Board of Directors authorized a new share buyback plan on January 29, 2026, signaling approval for additional repurchases of Cullen/Frost Bankers stock (Key Developments).Narrative Update • Jan 20
CFR: Buybacks And Net Interest Income Will Support Steady Future Returns
Analysts have kept their fair value estimate for Cullen/Frost Bankers broadly unchanged at about $138.27, with only minor tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions guiding this steady price target view. What's in the News Cullen/Frost Bankers completed a share repurchase tranche, buying back 549,228 shares, or about 0.85% of its shares, for US$69.26 million under the buyback program announced on January 30, 2025 (Key Developments).Narrative Update • Jan 06
CFR: Net Interest Income Outlook And Buybacks Will Support Steady Future Returns
Analysts have nudged their price target for Cullen/Frost Bankers slightly higher to about $138.27 from roughly $137.60, reflecting modest adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Cullen/Frost Bankers raised its 2025 net interest income growth guidance to a range of 7% to 8%, up from the prior range of 6% to 7% (corporate guidance).Narrative Update • Dec 15
CFR: Net Interest Income Outlook And Buybacks Will Support Steady Returns
Analysts have nudged their price target for Cullen/Frost Bankers slightly higher to reflect a modestly lower discount rate and a marginally improved long term profit margin outlook, which together support a fair value estimate near $138 per share. What's in the News Cullen/Frost Bankers raised its 2025 net interest income growth guidance to a range of 7% to 8%, up from its prior outlook of 6% to 7% (company guidance).Narrative Update • Nov 29
CFR: Net Interest Income Gains Will Support Stronger Upside Momentum in 2025
Analysts have maintained their price target for Cullen/Frost Bankers at $137.60 per share. They cite stable forecasts for revenue growth and profitability as key factors in their outlook.Narrative Update • Nov 15
CFR: Net Interest Income Outlook Will Drive Upside Momentum Ahead
Analysts have modestly raised their price target for Cullen/Frost Bankers from $137.47 to $137.60, citing slight improvements in projected revenue growth even as they note a marginal decrease in expected profit margins. What's in the News Cullen/Frost Bankers has raised its earnings guidance for 2025, expecting net interest income growth for the full year to be between 7% and 8%, up from prior guidance of 6% to 7% (Corporate Guidance).Narrative Update • Nov 01
CFR: Net Profit Margin Improvement Will Drive Upside As Expansion Accelerates
Cullen/Frost Bankers Narrative Update: Analyst Price Target Adjustment Analysts have modestly raised their price target for Cullen/Frost Bankers to $137.47, citing refined estimates of profit margin along with a slightly adjusted outlook on revenue growth and risk assumptions. What's in the News Cullen/Frost Bankers revised its 2025 earnings guidance and now projects net interest income growth between 7% and 8% for the full year.Narrative Update • Oct 17
Texas And Sun Belt Expansion Will Unlock Community Banking Potential
Analysts have slightly lowered their price target for Cullen/Frost Bankers, moving it from $136.73 to $136.67. They cite marginal adjustments to valuation metrics based on recent data.Narrative Update • Oct 03
Texas And Sun Belt Expansion Will Unlock Community Banking Potential
Analysts have slightly raised their price target for Cullen/Frost Bankers, increasing it from $134.93 to $136.73. This adjustment is due to modest improvements in projected revenue growth and profit margins.Seeking Alpha • Apr 21
Cullen/Frost Bankers: Holding Off On An Upgrade
Summary Cullen/Frost Bankers, Inc. is a high-quality financial institution but trades at a lofty multiple, making it too expensive for value investors like myself. Despite outperforming the market, I maintain a "Hold" rating due to concerns over uninsured deposits and exposure to office and energy loans. The bank's net interest income and non-interest revenue have grown, but profitability remains flat due to rising costs and higher taxes. Analysts expect revenue and profits to improve, but unless something extraordinary happens, my stance on CFR stock remains unchanged. Read the full article on Seeking AlphaSeeking Alpha • Feb 05
Cullen/Frost Bankers: Near-Term Earnings Growth Likely To Be Muted
Summary Cullen/Frost has clocked in a good return since my last piece, outperforming the wider regional bank space as well as certain other Texan banks. Frost is still in expansion mode, with new branch openings contributing to relatively high cost growth guidance this year. While the near-term earnings outlook looks soft, these shares have re-rated back toward their historical average valuation marks. Prospective investors can afford to stay on the sidelines here. Read the full article on Seeking AlphaSeeking Alpha • Jan 24
Cullen/Frost Bankers: Tailwinds From Texas Growth And Higher Rates
Summary Cullen/Frost benefits from low funding costs and strong deposit growth, making it a standout among regional banks. CFR's asset sensitivity means it profits more from higher rates, unlike peers who benefit from rate cuts. The bank's expansion in Texas markets has driven significant deposit and loan growth without relying on expensive brokered deposits. Despite a premium valuation, CFR's strategic advantages justify its strong buy rating, especially if the Fed maintains higher rates. Read the full article on Seeking AlphaSeeking Alpha • Nov 21
Cullen/Frost Bankers: A Growing Texas Bank In A Growing State, Awaiting Cooler Valuation
Summary Cullen/Frost Bankers gets its prior hold rating reaffirmed, as its overvaluation overshadows its growth indicators, in a state known for recent growth. Q3 results indicated loan growth, and expected equities market growth should benefit future interest and fees-driven revenue, while a strong profit margin should help bottom-line earnings. The firm's regulatory capital is strong, and debt-to-equity is low vs peers. A low dividend yield vs peers is not attractive, although the firm has a proven record of 10-year dividend growth and recently declared a dividend again. Headwinds in commercial real estate loans continue to be a sore spot for this sector, but eyes continue to be on Fed rate cuts. Read the full article on Seeking Alpha
New Narrative • Aug 28
Expanding Market Presence And Innovative Mortgage Products Set To Propel Revenue And Market Share
Expansion into new markets like Houston and Dallas, along with strong loan and deposit growth, positions for increased revenues and market share.Seeking Alpha • Aug 26
Cullen/Frost: Earnings Remain Subdued, But The Valuation Is Still Attractive
Summary Shares of Texas-based Cullen/Frost have been a bit mixed since my opening piece, underperforming regional banks, albeit still delivering a 15% total return. Funding cost pressure continues to ease up, though flat earning-asset balances and elevated expenses continue to weigh on earnings. These shares look attractive at 13x EPS, with Frost's exclusive Texan footprint and expansion into new markets able to deliver more than enough growth to justify this. Read the full article on Seeking AlphaSeeking Alpha • Feb 12
Cullen/Frost Bankers: There Are Better Opportunities Out There At This Time
Summary Cullen/Frost Bankers' shares are down 22% compared to February 2023, but this doesn't make it a great prospect. The bank's revenue and profits have generally done well in recent years, but recent data shows a decline in net interest income and net profits. Deposits have declined recently, but loans and the value of securities have increased. The bank's valuation is average compared to similar firms. In all, it's not a bad firm, but it's far from great, making it only a mediocre opportunity. Read the full article on Seeking AlphaShareholder Returns
| CFR | US Banks | US Market | |
|---|---|---|---|
| 7D | 6.1% | 3.6% | -2.7% |
| 1Y | 9.5% | 20.6% | 22.5% |
Return vs Industry: CFR underperformed the US Banks industry which returned 21% over the past year.
Return vs Market: CFR underperformed the US Market which returned 22.7% over the past year.
Price Volatility
| CFR volatility | |
|---|---|
| CFR Average Weekly Movement | 2.7% |
| Banks Industry Average Movement | 3.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: CFR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: CFR's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1868 | 6,008 | Phil Green | www.frostbank.com |
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services. It also provides consumer banking services, such as checking accounts, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, first mortgage loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services.
Cullen/Frost Bankers, Inc. Fundamentals Summary
| CFR fundamental statistics | |
|---|---|
| Market cap | US$8.80b |
| Earnings (TTM) | US$654.87m |
| Revenue (TTM) | US$2.23b |
13.5x
P/E Ratio2.0x
P/B RatioIs CFR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CFR income statement (TTM) | |
|---|---|
| Revenue | US$2.23b |
| Cost of Revenue | US$0 |
| Gross Profit | US$2.23b |
| Other Expenses | US$1.58b |
| Earnings | US$654.87m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 10.43 |
| Gross Margin | 100.00% |
| Net Profit Margin | 29.34% |
| Debt/Equity Ratio | 100.4% |
How did CFR perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield39%
Payout RatioDoes CFR pay a reliable dividends?
See CFR dividend history and benchmarks| Cullen/Frost Bankers dividend dates | |
|---|---|
| Ex Dividend Date | May 29 2026 |
| Dividend Pay Date | Jun 15 2026 |
| Days until Ex dividend | 11 days |
| Days until Dividend pay date | 6 days |
Does CFR pay a reliable dividends?
See CFR dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 06:51 |
| End of Day Share Price | 2026/06/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cullen/Frost Bankers, Inc. is covered by 33 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Keating | Barclays |
| Jared David Shaw | Barclays |
| Peter Winter | BMO Capital Markets Equity Research |