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CFR stock logo

CFR

Cullen/Frost Bankers, Inc.

$161.08
-2.19
 (-1.34%)
Exchange:  NYSE
Market Cap:  10.011B
Shares Outstanding:  31.212M
Delayed data
Calculate CFR Intrinsic Value
5-year outlook →
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Financial Services
Industry:  Banks – Regional
   
CEO:  Phillip D. Green
Full Time Employees:  6008
Address: 
111 West Houston Street
San Antonio
TX
78205
US
Website:  https://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. 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.

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Revenue Segmentation

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EPS

Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.

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View full analyst estimates

Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/04/30 — 1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue2,646,2582,849,7352,919,842
Gross Profit1,941,0351,998,7252,191,042
EBITDA788,815778,784859,487
Operating Income712,373695,967771,702
Net Income597,973582,542648,557

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets50,845,03852,520,25953,041,424
Total Liabilities47,128,59148,621,67148,468,388
Total Stockholders Equity3,716,4473,898,5884,573,036
Total Debt4,364,0064,587,7480
Cash and Cash Equivalents8,602,62610,218,683681,325

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow478,845989,532273,979
Capital Expenditure-158,630-127,7760
Free Cash Flow320,215861,756273,979
Net Income597,973582,542648,557
Net Change in Cash-3,340,8561,546,982-1,360,203

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2028Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)2,565,660.604Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)2,759,655.739Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)2,652,393.373Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)851,684.379Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)916,082.073Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)880,475.772Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)752,977.374Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)811,743.338Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)782,360.356Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)826,685.256Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)889,192.712Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)854,631.548Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)12.110Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)12.660Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)11.750Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)4Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)3Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
2.843B  ?P/S
 (TTM)
: 
3.86
?Net Income
 (TTM)
: 
576.306M  ?P/E
 (TTM)
: 
15.48
?Enterprise Value
 (TTM)
: 
14.931B  ?EV/FCF
 (TTM)
: 
23.13
?Dividend Yield
 (TTM)
: 
2.45%  ?Payout Ratio
 (TTM)
: 
38.65%
?ROE
 (TTM)
: 
15.04%  ?ROIC
 (TTM)
: 
1.27%
?Net Debt
 (TTM)
: 
4.173B  ?Debt/Equity
 (TTM)
: 
1.17
?P/B
 (TTM)
: 
2.23  ?Current Ratio
 (TTM)
: 
0.19

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
14.68Research AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

Strengths (preview)

  • Solid Financial Performance: Cullen/Frost reported strong earnings in Q2 2025, with key financial results indicating robust revenue and net income growth as per the earnings call transcript. Metrics such as return on equity (ROE TTM) and net profit margin (TTM) from the key metrics data suggest efficient capital utilization and profitability compared to industry benchmarks.
  • Strong Liquidity Position: The balance sheet data highlights a healthy level of cash and cash equivalents alongside a favorable current ratio (TTM) and quick ratio (TTM), indicating the company’s ability to meet short-term obligations and maintain financial stability.
  • Regional Market Dominance: As per the earnings call summary, Cullen/Frost benefits from a strong presence in Texas, a region with significant economic activity, providing a stable customer base and consistent revenue streams as evidenced by revenue geo segments data.
  • Dividend Consistency: The company maintains a competitive dividend yield (TTM) as shown in key metrics, appealing to income-focused investors, supported by a history of dividend payments reflected in cash flow statements.

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MARKETSnap estimates CFR intrinsic value between $155.13 – $197.86 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

[intrinsic_calculator]

Common questions about CFR valuation

Is Cullen/Frost Bankers, Inc. (CFR) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Cullen/Frost Bankers, Inc. (CFR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is CFR a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CFR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is CFR’s P/E ratio?

You can see CFR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for CFR?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is CFR a good long-term investment?

Whether CFR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

CFR

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-1.34
MARKETSnap

Trading Metrics:

Open: 161.52   Previous Close: 163.27
Day Low: 160.44   Day High: 162.07
Year Low: 119   Year High: 170.8
Price Avg 50: 160.52   Price Avg 200: 142.04
Volume: 16832   Average Volume: 582679

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CFR full analysis

09/09/2025

Welcome everyone, welcome to MARKETSNAP’s SWOT analysis for Cullen/Frost Bankers, Inc., also known by its ticker CFR. If you’re a long-term investor looking to dig into a regional banking player with a strong Texas footprint, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for this company, while weaving in some recent performance trends and key insights to help you decide if this stock fits your wealth-building strategy. Let’s dive in with a quick…

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See in Nexus

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