Symbols / CFR Stock $140.36 -3.15% Cullen/Frost Bankers, Inc.

Financial Services • Banks - Regional • United States • NYQ
CFR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Phillip D. Green J.D.
Exch · Country NYQ · United States
Market Cap 8.81B
Enterprise Value 5.33B
Income 635.47M
Sales 2.19B
FCF (ttm) —
Book/sh 69.96
Cash/sh 142.58
Employees 6,008
Insider 10d —
IPO Mar 17, 1980
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 39.82%
P/E 13.67
Forward P/E 13.06
PEG 2.30
P/S 4.02
P/B 2.01
P/C —
EV/EBITDA —
EV/Sales 2.43
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 10.27
EPS next Y 10.75
EPS Growth 8.50%
Revenue Growth 9.50%
EPS Gr Q/Q 7.40%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 1.23%
ROE 15.31%
ROIC —
Gross Margin 0.00%
Oper. Margin 34.52%
Profit Margin 29.60%
Shs Outstand 62.80M
Shs Float 62.33M
Insider Own 6.11%
Instit Own 90.31%
Short Float 0.02%
Short Ratio 0.02
Short Interest 8.80K
52W High 148.97
vs 52W High -5.78%
52W Low 119.00
vs 52W Low 17.95%
Beta 0.61
Impl. Vol. 33.31%
Rel Volume 1.02
Avg Volume 543.16K
Volume 553.48K
Target (mean) $148.93
Tgt Median $155.00
Tgt Low $125.00
Tgt High $164.00
# Analysts 15
Recom Hold
Prev Close $144.93
Price $140.36
Change -3.15%
About

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. In addition, the company offers international banking services comprising deposits, loans, letters of credit, foreign collections, funds transmitting, and foreign exchange services; correspondent banking activities, including check clearing, transfer of funds, fixed income security services, and securities custody and clearance services. Further, it offers trust, investment, agency, and custodial services for individual and corporate clients; capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and support for international business activities, including foreign exchange, letters of credit, export-import financing, and other related activities. Additionally, the company offers insurance and securities brokerage services; holding of securities for investment purposes; and investment management services for mutual funds, institutions, and individuals. It serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$148.93
Mean price target
2. Current target
$140.36
Latest analyst target
3. DCF / Fair value
$154.05
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$140.36
Low
$125.00
High
$164.00
Mean
$148.93

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-01 main RBC Capital Sector Perform → Sector Perform $155
2026-04-07 main Barclays Equal-Weight → Equal-Weight $155
2026-04-06 main Evercore ISI Group In-Line → In-Line $150
2026-03-31 main Morgan Stanley Underweight → Underweight $133
2026-03-03 main Cantor Fitzgerald Neutral → Neutral $152
2026-03-02 main Morgan Stanley Underweight → Underweight $143
2026-02-10 main Evercore ISI Group In-Line → In-Line $155
2026-02-02 main Citigroup Sell → Sell $125
2026-01-30 main DA Davidson Neutral → Neutral $144
2026-01-30 main Barclays Equal-Weight → Equal-Weight $150
2026-01-30 main RBC Capital Sector Perform → Sector Perform $150
2026-01-30 main Keefe, Bruyette & Woods Outperform → Outperform $160
2026-01-05 up Keefe, Bruyette & Woods Market Perform → Outperform $150
2025-12-19 main Barclays Equal-Weight → Equal-Weight $140
2025-10-31 main Citigroup Sell → Sell $114
2025-10-10 main RBC Capital Sector Perform → Sector Perform $144
2025-09-30 main Evercore ISI Group In-Line → In-Line $137
2025-09-29 main Morgan Stanley Underweight → Underweight $136
2025-09-10 init Cantor Fitzgerald — → Neutral $138
2025-08-04 main Raymond James Outperform → Outperform $145
News
RSS: Latest CFR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-09 EDWARDS CRAWFORD H Director — 750 $0.00 $0
2026-02-10 GREEN PHILLIP D Chief Executive Officer — 912 $0.00 $0
2026-02-05 BERMAN ROBERT A Officer — 1,293 $0.00 $0
2026-02-05 GREEN PHILLIP D Chief Executive Officer — 9,124 $0.00 $0
2026-02-05 BRACHER PAUL H President — 2,299 $0.00 $0
2026-02-05 ALONZO ANNETTE M Officer — 1,638 $0.00 $0
2026-02-05 STEAD JIMMY Officer — 2,155 $0.00 $0
2026-02-05 SEVERYN CAROL JEAN Officer — 1,681 $0.00 $0
2026-02-05 RHODES COOLIDGE E JR General Counsel — 1,724 $0.00 $0
2026-02-05 KASANOFF HOWARD L. Officer — 882 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,235.24
+8.31%
2,063.71
+3.85%
1,987.21
+17.16%
1,696.10
Operating Revenue
2,235.24
+8.31%
2,063.71
+3.85%
1,987.21
+17.16%
1,696.10
Selling General And Administration
896.37
+7.67%
832.51
+5.62%
788.22
+23.88%
636.30
Selling And Marketing Expense
56.87
+10.63%
51.40
+5.75%
48.61
+21.54%
39.99
General And Administrative Expense
839.50
+7.48%
781.11
+5.61%
739.61
+24.03%
596.31
Salaries And Wages
820.75
+10.34%
743.84
+12.19%
663.02
+14.18%
580.70
Other Gand A
—
—
—
—
Reconciled Depreciation
87.78
+6.00%
82.82
+8.34%
76.44
+7.15%
71.34
Net Income
648.56
+11.33%
582.54
-2.58%
597.97
+3.25%
579.15
Pretax Income
771.70
+10.88%
695.97
-2.30%
712.37
+6.51%
668.83
Net Interest Income
1,736.15
+8.20%
1,604.61
+2.95%
1,558.66
+20.71%
1,291.28
Interest Expense
684.60
-12.90%
786.02
+19.27%
659.05
+257.33%
184.44
Interest Income
2,420.75
+1.26%
2,390.64
+7.80%
2,217.72
+50.28%
1,475.72
Gain On Sale Of Security
-0.85
-785.42%
-0.10
-245.45%
0.07
0.00
Tax Provision
123.14
+8.57%
113.42
-0.85%
114.40
+27.57%
89.68
Tax Rate For Calcs
0.00
-1.84%
0.00
+1.24%
0.00
+20.15%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
648.56
+11.33%
582.54
-2.58%
597.97
+3.25%
579.15
Net Income From Continuing Operation Net Minority Interest
648.56
+11.33%
582.54
-2.58%
597.97
+3.25%
579.15
Net Income From Continuing And Discontinued Operation
648.56
+11.33%
582.54
-2.58%
597.97
+3.25%
579.15
Net Income Continuous Operations
648.56
+11.33%
582.54
-2.58%
597.97
+3.25%
579.15
Normalized Income
648.56
+11.33%
582.54
-2.58%
597.97
+3.25%
579.15
Net Income Common Stockholders
635.47
+11.56%
569.63
-2.63%
585.01
+3.13%
567.26
Otherunder Preferred Stock Dividend
6.41
+2.77%
6.24
-0.75%
6.28
+20.60%
5.21
Diluted EPS
—
8.87
-2.53%
9.10
+3.29%
8.81
Basic EPS
—
8.88
-2.52%
9.11
+3.05%
8.84
Basic Average Shares
—
64.12
-0.13%
64.20
+0.07%
64.16
Diluted Average Shares
—
64.26
-0.22%
64.41
-0.18%
64.52
Diluted NI Availto Com Stockholders
635.47
+11.56%
569.63
-2.63%
585.01
+3.13%
567.26
Amortization
—
—
—
0.48
Amortization Of Intangibles Income Statement
—
—
—
0.48
Depreciation Amortization Depletion Income Statement
—
—
—
0.48
Depreciation And Amortization In Income Statement
—
—
—
0.48
Insurance And Claims
18.75
-49.68%
37.27
-51.34%
76.59
+390.86%
15.60
Occupancy And Equipment
302.68
+9.18%
277.24
+6.76%
259.68
+11.32%
233.27
Other Non Interest Expense
161.55
+18.25%
136.62
+7.72%
126.83
+11.45%
113.80
Preferred Stock Dividends
6.67
+0.00%
6.67
+0.00%
6.67
+0.00%
6.67
Professional Expense And Contract Services Expense
58.74
+4.18%
56.38
+4.55%
53.93
+31.84%
40.91
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2021-12-31
Total Assets
53,041.42
+0.99%
52,520.26
+3.29%
50,845.04
—
Cash And Cash Equivalents
8,864.41
-13.25%
10,218.68
+18.79%
8,602.63
—
Cash Financial
681.33
-5.75%
722.91
+17.06%
617.57
—
Other Short Term Investments
1,081.00
-92.81%
15,043.62
-9.26%
16,578.37
—
Receivables
—
—
—
612.50
Accounts Receivable
—
—
—
612.50
Net PPE
1,313.22
+5.45%
1,245.38
+4.65%
1,190.03
—
Gross PPE
1,771.37
+4.49%
1,695.22
+7.02%
1,584.06
—
Accumulated Depreciation
-458.15
-1.85%
-449.84
-14.16%
-394.03
—
Land And Improvements
245.18
+9.32%
224.29
+17.07%
191.59
—
Buildings And Improvements
701.41
+8.87%
644.24
+10.74%
581.75
—
Machinery Furniture Equipment
255.64
-9.25%
281.70
+7.25%
262.67
—
Construction In Progress
44.26
+83.37%
24.14
-34.61%
36.91
—
Other Properties
259.18
-4.11%
270.28
-3.64%
280.50
—
Leases
265.70
+6.04%
250.57
+8.64%
230.64
—
Goodwill And Other Intangible Assets
—
—
—
655.82
Goodwill
—
—
—
654.95
Other Intangible Assets
—
—
—
0.87
Investments And Advances
19,439.38
+4.45%
18,611.31
-8.00%
20,229.52
—
Total Liabilities Net Minority Interest
48,468.39
-0.32%
48,621.67
+3.17%
47,128.59
—
Payables And Accrued Expenses
—
—
—
754.33
Payables
—
—
—
754.33
Accounts Payable
—
—
—
754.33
Long Term Debt And Capital Lease Obligation
223.05
+0.10%
222.83
+0.10%
222.62
—
Long Term Debt
223.05
+0.10%
222.83
+0.10%
222.62
—
Stockholders Equity
4,573.04
+17.30%
3,898.59
+4.90%
3,716.45
—
Common Stock Equity
4,427.58
+17.97%
3,753.14
+5.10%
3,570.99
—
Capital Stock
146.10
+0.00%
146.10
+0.00%
146.10
—
Common Stock
0.64
+0.00%
0.64
+0.00%
0.64
—
Preferred Stock
145.45
+0.00%
145.45
+0.00%
145.45
—
Share Issued
64.40
+0.00%
64.40
+0.00%
64.40
—
Ordinary Shares Number
63.29
-1.42%
64.20
+0.02%
64.19
—
Treasury Shares Number
1.12
+439.41%
0.21
-5.54%
0.22
-12.31%
0.25
Additional Paid In Capital
1,100.33
+2.30%
1,075.57
+1.87%
1,055.81
—
Retained Earnings
4,309.17
+9.05%
3,951.48
+8.03%
3,657.69
—
Gains Losses Not Affecting Retained Earnings
-842.95
+32.67%
-1,252.00
-11.86%
-1,119.22
—
Treasury Stock
139.61
+518.88%
22.56
-5.72%
23.93
—
Other Equity Adjustments
-842.95
+32.67%
-1,252.00
-11.86%
-1,119.22
—
Total Equity Gross Minority Interest
4,573.04
+17.30%
3,898.59
+4.90%
3,716.45
—
Total Capitalization
4,796.08
+16.37%
4,121.42
+4.63%
3,939.07
—
Invested Capital
4,650.63
+16.97%
3,975.97
+4.81%
3,793.61
—
Total Debt
223.05
+0.10%
222.83
+0.10%
222.62
—
Net Tangible Assets
4,573.04
+17.30%
3,898.59
+4.90%
3,716.45
—
Tangible Book Value
4,427.58
+17.97%
3,753.14
+5.10%
3,570.99
—
Available For Sale Securities
14,889.60
—
—
—
Cash Cash Equivalents And Federal Funds Sold
8,874.06
-13.29%
10,234.26
+17.81%
8,687.28
—
Held To Maturity Securities
3,431.18
-2.90%
3,533.78
-2.37%
3,619.43
—
Preferred Shares Number
6.00
+0.00%
6.00
+0.00%
6.00
—
Preferred Stock Equity
145.45
+0.00%
145.45
+0.00%
145.45
—
Trading Securities
37.60
+10.89%
33.91
+6.91%
31.72
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
273.98
-72.31%
989.53
+106.65%
478.85
-33.73%
722.58
Cash Flow From Continuing Operating Activities
273.98
-72.31%
989.53
+106.65%
478.85
-33.73%
722.58
Net Income From Continuing Operations
648.56
+11.33%
582.54
-2.58%
597.97
+3.25%
579.15
Depreciation Amortization Depletion
87.78
+6.00%
82.82
+8.34%
76.44
+7.15%
71.34
Depreciation And Amortization
87.78
+6.00%
82.82
+8.34%
76.44
+7.15%
71.34
Other Non Cash Items
-3.94
-5.21%
-3.75
-27.21%
-2.94
-40.46%
-2.10
Stock Based Compensation
24.75
+25.26%
19.76
-19.63%
24.59
+34.21%
18.32
Deferred Tax
5.37
+146.31%
-11.60
+21.77%
-14.83
-201.53%
-4.92
Deferred Income Tax
5.37
+146.31%
-11.60
+21.77%
-14.83
-201.53%
-4.92
Operating Gains Losses
-1.99
-4324.44%
-0.04
-105.38%
0.84
+666.97%
0.11
Gain Loss On Investment Securities
0.85
+785.42%
0.10
+245.45%
-0.07
0.00
Change In Working Capital
-545.81
-337.56%
229.76
+177.54%
-296.31
-843.35%
-31.41
Change In Receivables
-7.67
-102.96%
259.14
+211.38%
-232.66
-100.15%
-116.24
Changes In Account Receivables
-7.67
-102.96%
259.14
+211.38%
-232.66
-100.15%
-116.24
Change In Payables And Accrued Expense
-559.28
-996.54%
-51.00
+39.99%
-84.99
-239.01%
61.14
Change In Payable
-559.28
-996.54%
-51.00
+39.99%
-84.99
-239.01%
61.14
Change In Account Payable
-559.28
-996.54%
-51.00
+39.99%
-84.99
-239.01%
61.14
Change In Other Working Capital
-3.69
-1.37%
-3.64
-64.14%
-2.22
-210.06%
-0.72
Change In Other Current Assets
24.83
-1.71%
25.26
+7.17%
23.57
-3.42%
24.41
Investing Cash Flow
-1,601.10
-785.17%
-180.88
+80.81%
-942.75
+88.61%
-8,277.33
Cash Flow From Continuing Investing Activities
-1,601.10
-785.17%
-180.88
+80.81%
-942.75
+88.61%
-8,277.33
Net PPE Purchase And Sale
-145.69
-14.04%
-127.75
+18.81%
-157.35
-53.60%
-102.44
Purchase Of PPE
-146.65
-14.77%
-127.78
+19.45%
-158.63
-54.76%
-102.50
Sale Of PPE
0.96
+3740.00%
0.03
-98.05%
1.28
+1934.92%
0.06
Capital Expenditure
-146.65
-14.77%
-127.78
+19.45%
-158.63
-54.76%
-102.50
Net Investment Purchase And Sale
-329.41
-117.28%
1,905.93
+112.21%
898.12
+112.21%
-7,357.87
Purchase Of Investment
-21,496.95
-20.10%
-17,899.78
+11.70%
-20,271.96
+14.11%
-23,602.35
Sale Of Investment
21,167.53
+6.88%
19,805.71
-6.44%
21,170.08
+30.32%
16,244.49
Net Other Investing Changes
18.32
+391.52%
3.73
+47.90%
2.52
-45.60%
4.63
Financing Cash Flow
-33.09
-104.48%
738.33
+125.66%
-2,876.95
-195.90%
2,999.88
Cash Flow From Continuing Financing Activities
-33.09
-104.48%
738.33
+125.66%
-2,876.95
-195.90%
2,999.88
Net Issuance Payments Of Debt
179.71
-19.60%
223.53
+139.15%
-570.90
-129.34%
1,945.57
Issuance Of Debt
—
—
—
0.00
Repayment Of Debt
—
—
0.00
0.00
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
—
—
0.00
0.00
Net Long Term Debt Issuance
—
—
0.00
0.00
Net Short Term Debt Issuance
179.71
-19.60%
223.53
+139.15%
-570.90
-129.34%
1,945.57
Net Common Stock Issuance
-157.83
-159.16%
-60.90
-42.56%
-42.72
-872.90%
-4.39
Common Stock Payments
-157.83
-159.16%
-60.90
-42.56%
-42.72
-872.90%
-4.39
Common Stock Dividend Paid
-255.36
-5.32%
-242.45
-4.36%
-232.32
-10.75%
-209.78
Cash Dividends Paid
-262.03
-5.18%
-249.12
-4.24%
-239.00
-10.41%
-216.46
Repurchase Of Capital Stock
-157.83
-159.16%
-60.90
-42.56%
-42.72
-872.90%
-4.39
Proceeds From Stock Option Exercised
11.95
-47.24%
22.64
+143.50%
9.30
-44.18%
16.66
Changes In Cash
-1,360.20
-187.93%
1,546.98
+146.30%
-3,340.86
+26.65%
-4,554.87
Beginning Cash Position
10,234.26
+17.81%
8,687.28
-27.78%
12,028.13
-27.47%
16,583.00
End Cash Position
8,874.06
-13.29%
10,234.26
+17.81%
8,687.28
-27.78%
12,028.13
Free Cash Flow
127.33
-85.22%
861.76
+169.12%
320.21
-48.36%
620.08
Excess Tax Benefit From Stock Based Compensation
2.27
-40.32%
3.79
+324.50%
0.89
-80.57%
4.60
Issuance Of Capital Stock
—
—
—
0.00
Net Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Dividend Paid
-6.67
+0.00%
-6.67
+0.00%
-6.67
+0.00%
-6.67
Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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