8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 29, 2026·SEC
Material company update
Feb 11, 2026·SEC
Cullen/Frost Bankers, Inc.(CFR)Earnings, Financials & Key Ratios
CFR•NYSE•Banking & Credit
$157.29
15.9× P/E·Price updated Jul 7, 2026
AboutCullen/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. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services. It also provides consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate 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, and foreign exchange services. Further, it acts as a correspondent for approximately 171 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and supports international business activities. Additionally, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as investment management services to Frost-managed mutual funds, institutions, and individuals. It operates approximately 157 financial centers and 1,650 ATMs. The company 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.Show more
- Net Interest Income$1.74B+8.2%
- Total Revenue$2.92B+2.5%
- Net Income$649M+11.3%
- Return on Equity15.31%
- Net Interest Margin3.27%+7.1%
- Efficiency Ratio48.61%+6.3%
- ROA1.23%+9.0%
- Equity / Assets8.62%+16.1%
- Book Value per Share71.34+17.6%
CFR Price & Volume
Cullen/Frost Bankers, Inc. (CFR) stock price & volume — 10-year historical chart
Loading chart...
Texas Franchise Growth Offsets Credit Provision Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Texas CRE concentration exposure
Key Thesis Takeaways
- Cullen/Frost Bankers leverages its robust Texas-centric deposit franchise to drive consistent net interest income growth, which climbed from $388.2 million in 2023Q4 to $448.7 million by 2025Q4.
- While the bank maintains a conservative capital position with an equity-to-assets ratio between 0.07 and 0.09, investors should monitor the recent spike in credit loss provisions to $139.4 million in 2026Q1.
- The firm's commitment to shareholder returns, evidenced by quarterly dividends near $63 million to $66 million, remains a key pillar of the investment case despite potential risks from regional commercial real estate concentration.
Verdict Logic
while the bank shows strong earnings retention with $171.0 million in 2026Q1 net income, the significant increase in credit loss provisions to $139.4 million warrants further investigation into potential asset quality deterioration.
CFR Growth Metrics
Cullen/Frost Bankers, Inc. (CFR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.48%
5 Years14.46%
3 Years15.8%
TTM-
Profit CAGR
10 Years8.79%
5 Years14.39%
3 Years3.85%
TTM11.85%
EPS CAGR
10 Years8.77%
5 Years14.28%
3 Years4.11%
TTM13.17%
Return on Capital
10 Years13.05%
5 Years14.49%
3 Years15.05%
Last Year14.02%
CFR Recent Earnings
Cullen/Frost Bankers, Inc. (CFR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$2.65+6.9%
$2.48
Rev
$597M+1.7%
$587M
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$2.57+4.0%
$2.47
Rev
$603M+4.3%
$578M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$2.67+12.2%
$2.38
Rev
$567M+0.6%
$564M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$2.39+4.8%
$2.28
Rev
$547M-3.7%
$568M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $2.65vs $2.48+6.9% | $597Mvs $587M+1.7% |
| Q1 2026 | Jan 29, 2026 | $2.57vs $2.47+4.0% | $603Mvs $578M+4.3% |
| Q4 2025 | Oct 30, 2025 | $2.67vs $2.38+12.2% | $567Mvs $564M+0.6% |
| Q3 2025 | Jul 31, 2025 | $2.39vs $2.28+4.8% | $547Mvs $568M-3.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Cullen/Frost Bankers, Inc. (CFR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $157.29 | $9.9B | 15.86 | 2.46% | 22.21% | 15.31% | 2.53% | |
| $140.43 | $8.53B | 15.30 | -1.07% | 18.3% | 10.31% | — | |
| $161.45 | $10.89B | 13.97 | 6.66% | 20.11% | 11.93% | — | |
| $25.76 | $12.23B | 13.70 | 0.97% | 22.31% | 11.07% | — | |
| $50.05 | $6.95B | 16.52 | 1.16% | 24.05% | 14.45% | — | |
| $75.98 | $4.72B | 11.48 | 1.03% | 39.31% | 13.16% | — |
Compare CFR vs Peers
Cullen/Frost Bankers, Inc. (CFR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CFR SEC Filings & Documents
Cullen/Frost Bankers, Inc. (CFR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when CFR posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
CFR Frequently Asked Questions
Cullen/Frost Bankers, Inc. (CFR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Cullen/Frost Bankers, Inc. growing?
Cullen/Frost Bankers, Inc. (CFR) grew revenue by 2.5% over the past year. Growth has been modest.
Is CFR profitable?
Yes, Cullen/Frost Bankers, Inc. (CFR) is profitable, generating $668.6M in net income for fiscal year 2025 (22.2% net margin).
Dividend & Returns
Does CFR pay dividends?
Yes, Cullen/Frost Bankers, Inc. (CFR) pays a dividend with a yield of 2.53%. This makes it attractive for income-focused investors.
What is CFR's return on equity?
Cullen/Frost Bankers, Inc. (CFR) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.
Industry Metrics
What is Cullen/Frost Bankers, Inc.'s net interest margin?
Cullen/Frost Bankers, Inc. (CFR) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.
What is Cullen/Frost Bankers, Inc.'s efficiency ratio?
Cullen/Frost Bankers, Inc. (CFR) has an efficiency ratio of 48.6%. This is excellent, indicating strong cost control.