Cullen/Frost Bankers
Market Cap
US$5.9b
Last Updated
2019/11/16 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas.
Snowflake
Fundamentals
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has Cullen/Frost Bankers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CFR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.3%
CFR
-1.0%
US Banks
0.7%
US Market
1 Year Return
-7.4%
CFR
8.9%
US Banks
12.9%
US Market
Return vs Industry: CFR underperformed the US Banks industry which returned 8.9% over the past year.
Return vs Market: CFR underperformed the US Market which returned 12.9% over the past year.
Shareholder returns
| CFR | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | -1.0% | 0.7% |
| 30 Day | 4.7% | 6.9% | 4.4% |
| 90 Day | 10.8% | 16.7% | 7.0% |
| 1 Year | -4.6%-7.4% | 12.2%8.9% | 15.4%12.9% |
| 3 Year | 22.0%12.9% | 39.2%29.5% | 49.1%39.5% |
| 5 Year | 38.6%20.4% | 72.7%53.6% | 62.7%44.7% |
Price Volatility Vs. Market
How volatile is Cullen/Frost Bankers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
What Did Cullen/Frost Bankers, Inc.'s (NYSE:CFR) CEO Take Home Last Year?2 weeks ago | Simply Wall St
Cullen/Frost Bankers, Inc.'s (NYSE:CFR) 3.1% Dividend Yield Looks Pretty Interesting1 month ago | Simply Wall St
Here's Why I Think Cullen/Frost Bankers (NYSE:CFR) Might Deserve Your Attention TodayValuation
Is Cullen/Frost Bankers undervalued compared to its fair value and its price relative to the market?
6.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CFR ($93.89) is trading below our estimate of fair value ($100.55)
Significantly Below Fair Value: CFR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CFR is poor value based on its PE Ratio (13.2x) compared to the Banks industry average (12.7x).
PE vs Market: CFR is good value based on its PE Ratio (13.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CFR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CFR is overvalued based on its PB Ratio (1.6x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Cullen/Frost Bankers forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
-5.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CFR's earnings are forecast to decline over the next 3 years (-5.1% per year).
Earnings vs Market: CFR's earnings are forecast to decline over the next 3 years (-5.1% per year).
High Growth Earnings: CFR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CFR's revenue (3.4% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: CFR's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CFR's Return on Equity is forecast to be low in 3 years time (9.8%).
Next Steps
Past Performance
How has Cullen/Frost Bankers performed over the past 5 years?
13.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CFR has a high level of non-cash earnings.
Growing Profit Margin: CFR's current net profit margins (33.7%) are lower than last year (33.9%).
Past Earnings Growth Analysis
Earnings Trend: CFR's earnings have grown by 13% per year over the past 5 years.
Accelerating Growth: CFR's earnings growth over the past year (5.2%) is below its 5-year average (13% per year).
Earnings vs Industry: CFR earnings growth over the past year (5.2%) underperformed the Banks industry 27.5%.
Return on Equity
High ROE: CFR's Return on Equity (11.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cullen/Frost Bankers's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CFR has a low level of unsold assets or inventory.
Debt Coverage by Assets: CFR's debt is covered by short term assets (assets are 2.1x debt).
Financial Institutions Analysis
Asset Level: CFR's level of assets compared to its equity is low.
Allowance for Bad Loans: CFR has a sufficient allowance for bad loans.
Low Risk Liabilities: CFR's liabilities are made up of primarily low risk sources of funding.
Loan Level: CFR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CFR's loans are broadly funded by customer deposits.
Level of Bad Loans: CFR has an appropriate level of bad loans (0.71%)
Next Steps
Dividend
What is Cullen/Frost Bankers's current dividend yield, its reliability and sustainability?
3.02%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Cullen/Frost Bankers before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CFR's dividend (3.02%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: CFR's dividend (3.02%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: CFR's dividends per share have been stable in the past 10 years.
Growing Dividend: CFR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.8%), CFR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CFR's dividends in 3 years are forecast to be well covered by earnings (47.4% payout ratio).
Next Steps
Management
What is the CEO of Cullen/Frost Bankers's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Phil Green (64yo)
3.6yrs
Tenure
US$4,617,644
Compensation
Mr. Phillip D. Green, also known as Phil, has been the Chairman and Chief Executive Officer of Cullen/Frost Bankers, Inc. since March 31, 2016 and served as its President since January 28, 2015 until March ...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD4.62M) is below average for companies of similar size in the US market ($USD6.73M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.2yrs
Average Tenure
62yo
Average Age
Experienced Management: CFR's management team is considered experienced (4.2 years average tenure).
Board Age and Tenure
16.4yrs
Average Tenure
65yo
Average Age
Experienced Board: CFR's board of directors are seasoned and experienced ( 16.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 30,000 |
| Max Price | US$85.08 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 1,000 |
| Max Price | US$94.32 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$93.38 |
| Entity | Individual |
| Shares | 1,391 |
| Max Price | US$101.12 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Phil Green (64yo)
Chairman & CEO
- Tenure: 3.6yrs
- Compensation: US$4.62m
Carole Kilpatrick
Senior Vice President of Private Client Services for Allen Financial Center
- Tenure: 14.3yrs
Jerry Salinas (60yo)
Group Executive VP & CFO
- Tenure: 4.8yrs
- Compensation: US$1.61m
James Waters (52yo)
Group Executive VP
- Tenure: 0yrs
William DiFilippo
Senior Vice President of Management Accounting
- Tenure: 0yrs
Emily Skillman (74yo)
Group Executive Vice President
- Tenure: 16.1yrs
Bill Perotti (61yo)
Group Executive VP & Chief Credit Officer
- Tenure: 18.5yrs
- Compensation: US$1.45m
Paul Bracher (62yo)
President
- Tenure: 3.6yrs
- Compensation: US$1.63m
A. Mendez
Director of Investor Relations
- Tenure: 1.4yrs
Mike Russell (62yo)
Group Executive VP & COO
- Tenure: 1.8yrs
Board Members
Phil Green (64yo)
Chairman & CEO
- Tenure: 3.6yrs
- Compensation: US$4.62m
Pat Frost (59yo)
Director
- Tenure: 22.5yrs
- Compensation: US$1.46m
Horace Wilkins (68yo)
Independent Director
- Tenure: 22.8yrs
- Compensation: US$161.38k
Tres Kleberg (76yo)
Independent Director
- Tenure: 27.8yrs
- Compensation: US$151.05k
Weisie Steen (66yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$145.72k
Graham Weston (55yo)
Director
- Tenure: 2.6yrs
- Compensation: US$150.72k
Carlos Alvarez (68yo)
Independent Director
- Tenure: 18.8yrs
- Compensation: US$132.72k
Charles Matthews (74yo)
Lead Director
- Tenure: 2.6yrs
- Compensation: US$195.38k
Cynthia Comparin (60yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$37.50k
Crawford Edwards (60yo)
Independent Director
- Tenure: 14yrs
- Compensation: US$142.05k
Company Information
Cullen/Frost Bankers, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cullen/Frost Bankers, Inc.
- Ticker: CFR
- Exchange: NYSE
- Founded: 1868
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$5.874b
- Shares outstanding: 62.57m
- Website: https://www.frostbank.com
Number of Employees
Location
- Cullen/Frost Bankers, Inc.
- 100 West Houston Street
- San Antonio
- Texas
- 78205
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CFR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 1975 |
| CFZ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1975 |
| CFR.PRA | NYSE (New York Stock Exchange) | PERP PFD SER A % | US | USD | Feb 2013 |
Biography
Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 23:34 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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 here.