Cullen/Frost Bankers
Market Cap
US$6.6b
Last Updated
2021/02/28 23:52 UTC
Data Sources
Company Financials +
Executive Summary
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 2.3% per year for the next 3 years
Snowflake Analysis
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CFR's weekly volatility has decreased from 9% to 4% over the past year.
Market Performance
7 Day Return
0.6%
CFR
-0.2%
US Banks
-3.6%
US Market
1 Year Return
33.2%
CFR
19.9%
US Banks
36.5%
US Market
Return vs Industry: CFR exceeded the US Banks industry which returned 19.9% over the past year.
Return vs Market: CFR underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| CFR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | -0.2% | -3.6% |
| 30 Day | 13.2% | 16.1% | 2.7% |
| 90 Day | 24.4% | 26.2% | 7.5% |
| 1 Year | 37.8%33.2% | 24.3%19.9% | 39.5%36.5% |
| 3 Year | 7.7%-1.6% | 11.7%2.2% | 53.5%43.6% |
| 5 Year | 108.7%80.9% | 92.0%67.7% | 117.5%93.2% |
Long-Term 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
3 weeks ago | Simply Wall St
The Independent Director of Cullen/Frost Bankers, Inc. (NYSE:CFR), Chris Avery, Just Bought 16% More Shares1 month ago | Simply Wall St
Here's What You Should Know About Cullen/Frost Bankers, Inc.'s (NYSE:CFR) 3.0% Dividend Yield2 months ago | Simply Wall St
Here's What We Learned About The CEO Pay At Cullen/Frost Bankers, Inc. (NYSE:CFR)Valuation
Is Cullen/Frost Bankers undervalued compared to its fair value and its price relative to the market?
20.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CFR ($104.4) is trading above our estimate of fair value ($80.24)
Significantly Below Fair Value: CFR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CFR is poor value based on its PE Ratio (20.4x) compared to the US Banks industry average (12.5x).
PE vs Market: CFR is good value based on its PE Ratio (20.4x) compared to the US market (21.3x).
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 (1x).
Next Steps
Future Growth
How is Cullen/Frost Bankers forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
-2.3%
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 (-2.3% per year).
Earnings vs Market: CFR's earnings are forecast to decline over the next 3 years (-2.3% per year).
High Growth Earnings: CFR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CFR's revenue (6.3% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: CFR's revenue (6.3% 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 (8.1%).
Next Steps
Past Performance
How has Cullen/Frost Bankers performed over the past 5 years?
7.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CFR has high quality earnings.
Growing Profit Margin: CFR's current net profit margins (26.7%) are lower than last year (32.3%).
Past Earnings Growth Analysis
Earnings Trend: CFR's earnings have grown by 7.3% per year over the past 5 years.
Accelerating Growth: CFR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CFR had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Banks industry average (0.6%).
Return on Equity
High ROE: CFR's Return on Equity (7.7%) is considered low.
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
Financial Institutions Analysis
Asset Level: CFR's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: CFR has a sufficient allowance for bad loans (428%).
Low Risk Liabilities: 92% of CFR's liabilities are made up of primarily low risk sources of funding.
Loan Level: CFR has an appropriate level of Loans to Assets ratio (41%).
Low Risk Deposits: CFR's Loans to Deposits ratio (49%) is appropriate.
Level of Bad Loans: CFR has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is Cullen/Frost Bankers's current dividend yield, its reliability and sustainability?
2.76%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CFR's dividend (2.76%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: CFR's dividend (2.76%) is low compared to the top 25% of dividend payers in the US market (3.77%).
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 reasonable payout ratio (55.8%), CFR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CFR's dividends in 3 years are forecast to be covered by earnings (54.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Phil Green (65 yo)
4.83yrs
Tenure
US$4,763,232
Compensation
Mr. Phillip D. Green, also known as Phil, has been the Chairman and Chief Executive Officer of Cullen/Frost Bankers, Inc. since April 01, 2016 and served as its President since January 28, 2015 until March...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD4.76M) is about average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 4.83yrs | US$4.76m | 0.19% $ 12.8m | |
| President | 4.83yrs | US$1.74m | 0.20% $ 13.1m | |
| Group Executive VP & CFO | 6.08yrs | US$1.65m | 0.071% $ 4.7m | |
| Group Executive VP & Chief Credit Officer of Frost Bank | 2.08yrs | US$1.57m | 0.22% $ 14.3m | |
| Director of Investor Relations | 2.67yrs | no data | no data | |
| Group Executive VP | 2.92yrs | no data | no data | |
| Senior Vice President of Private Client Services for Allen Financial Center | 15.58yrs | no data | no data | |
| Senior Vice President of Management Accounting | no data | no data | no data | |
| Group Executive Vice President | 17.33yrs | no data | no data | |
| Group Executive Vice President of Research & Strategy - Frost Bank | 19.75yrs | no data | 0.062% $ 4.1m | |
| Group Executive VP & Chief Human Resources Officer of Frost Bank | 4.83yrs | no data | 0.027% $ 1.8m | |
| Group Executive Vice President of Culture & People Development - Frost Bank | 5.58yrs | no data | 0.051% $ 3.4m |
4.8yrs
Average Tenure
61yo
Average Age
Experienced Management: CFR's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 4.83yrs | US$4.76m | 0.19% $ 12.8m | |
| Independent Director | 20.08yrs | US$130.98k | 0.0036% $ 240.0k | |
| Director | 23.75yrs | US$1.63m | 1.73% $ 113.9m | |
| Independent Director | 25.08yrs | US$134.98k | 0.0033% $ 215.0k | |
| Director | 3.83yrs | US$134.98k | 0.26% $ 17.1m | |
| Independent Director | 20.08yrs | US$124.98k | 0.47% $ 30.7m | |
| Independent Lead Director | 3.83yrs | US$181.98k | 0.0047% $ 313.2k | |
| Independent Director | 2.58yrs | US$139.98k | 0.0016% $ 104.2k | |
| Independent Director | 15.25yrs | US$129.98k | 0.41% $ 26.9m | |
| Independent Director | 5.17yrs | US$135.98k | 0.040% $ 2.6m | |
| Independent Director | 4.08yrs | US$129.98k | 0.0089% $ 585.6k | |
| Independent Director | 12.33yrs | US$134.98k | 0.000030% $ 2.0k |
8.8yrs
Average Tenure
65yo
Average Age
Experienced Board: CFR's board of directors are considered experienced (8.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CFR insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$6.595b
- Shares outstanding: 63.17m
- Website: https://www.frostbank.com
Number of Employees
Location
- Cullen/Frost Bankers, Inc.
- 111 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.PRB | NYSE (New York Stock Exchange) | 4.450% DEP PFD B | US | USD | Nov 2020 |
Biography
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors....
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 23:52 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.