Cullen Frost Bankers Inc. (CFR)
| Market Cap | 7.01B |
| Revenue (ttm) | 1.94B |
| Net Income (ttm) | 591.30M |
| Shares Out | 64.22M |
| EPS (ttm) | 9.10 |
| PE Ratio | 11.99 |
| Forward PE | 12.78 |
| Dividend | $3.68 (3.37%) |
| Ex-Dividend Date | Feb 28, 2024 |
| Volume | 237,763 |
| Open | 107.29 |
| Previous Close | 107.29 |
| Day's Range | 106.74 - 109.11 |
| 52-Week Range | 82.25 - 120.31 |
| Beta | 1.03 |
| Analysts | Hold |
| Price Target | 117.83 (+8.01%) |
| Earnings Date | Apr 25, 2024 |
About CFR
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, as well as originates commercial leasing services. It also provides consumer banking services, such as checki... [Read more]
Financial Performance
In 2023, CFR's revenue was $1.94 billion, an increase of 14.64% compared to the previous year's $1.69 billion. Earnings were $591.30 million, an increase of 3.29%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for CFR stock is "Hold." The 12-month stock price forecast is $117.83, which is an increase of 8.01% from the latest price.
News
Cullen/Frost Bankers, Inc. Hosts First Quarter 2024 Earnings Conference Call
SAN ANTONIO , April 4, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) will host a conference call on Thursday, April 25, 2024 to discuss first quarter 2024 earnings. Earnings Release : Th...
FOR 15TH CONSECUTIVE YEAR, FROST BANK RANKS HIGHEST IN J.D. POWER'S TEXAS RETAIL BANKING CUSTOMER SATISFACTION
SAN ANTONIO, March 28, 2024 /PRNewswire/ -- For the 15th consecutive year, Frost Bank received the highest ranking for banking customer satisfaction in Texas, according to the J.D. Power 2024 U.S. Ret...
FROST BANK AGAIN RECEIVES HIGHEST NUMBER OF GREENWICH EXCELLENCE AND BEST BRAND AWARDS
SAN ANTONIO , Feb. 21, 2024 /PRNewswire/ -- Frost Bank, one of the largest banks based in Texas, received 34 Greenwich Excellence and Best Brand Awards – the highest amount received nationwide for the...
Frost Bank CEO on regional banks
Phil Green, Frost Bank chair and CEO, joins 'The Exchange' to discuss pressures on regional banks based on geography, commercial real estate, and more.
CULLEN/FROST BANKERS ANNOUNCES ADDITION OF HOPE ANDRADE TO BOARD OF DIRECTORS
SAN ANTONIO , Jan. 26, 2024 /PRNewswire/ -- The board of directors of Cullen/Frost Bankers, Inc. (NYSE: CFR) announced that Hope Andrade has been elected to the board. Andrade will join the board's Au...
CULLEN/FROST REPORTS FOURTH QUARTER AND 2023 ANNUAL RESULTS
Board declares first quarter dividend on common and preferred stock, and authorizes $150 million stock repurchase program SAN ANTONIO , Jan. 25, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:C...
Cullen/Frost Bankers, Inc. Hosts Fourth Quarter 2023 Earnings Conference Call
SAN ANTONIO , Jan. 9, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, January 25, 2024 to discuss fourth quarter 2023 earnings. Earnings Release : T...
CULLEN/FROST REPORTS THIRD QUARTER RESULTS
Board declares fourth quarter dividend on common and preferred stock SAN ANTONIO , Oct. 26, 2023 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported third quarter 2023 results. Net in...
Cullen/Frost Bankers, Inc. Hosts Third Quarter 2023 Earnings Conference Call
SAN ANTONIO , Oct. 5, 2023 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) will host a conference call on Thursday, October 26, 2023 to discuss third quarter 2023 earnings. Earnings Release : T...
FROST INTRODUCES PROGRESS HOME EQUITY LOAN TO MAKE ACCESS TO CREDIT MORE AFFORDABLE
SAN ANTONIO , Sept. 26, 2023 /PRNewswire/ -- Frost, the subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), and one of the largest banks based in Texas, has introduced its Progress Home Equity Loan,...
Moody's downgrades string of smaller mid-sized banks
Moody's analysts issued downgrades on a string of small and mid-sized banks. Should investors be worried about a theme developing in the greater banking landscape?
Quotes - U.S. bank stocks slide after Moody's ratings downgrade
U.S. bank shares slid on Tuesday after Moody's downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation's biggest lenders, sparking concerns about th...
Bank ETFs head for worst day in 3 months after credit downgrades, warnings rattle sector
U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday, after Moody's Investors Service late said it put a handful of major U.S. banks on review for a possible downgrade and lowered de...
Moody's says US banks are still strong despite downgrades
Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.
Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice
Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
Moody's places credit ratings of 6 major U.S. banks on review for downgrade
Moody's Investors Services may downgrade its credit ratings on six major U.S. banks, including U.S. Bancorp, State Street Corp., and Bank of New York Mellon Corp., and has downgraded its debt ratings ...
FROST BANK PRESIDENT PAT FROST TO RETIRE AT END OF 2023; LONGTIME SAN ANTONIO BANKER KENNY WILSON TO JOIN FROST
SAN ANTONIO , Aug. 1, 2023 /PRNewswire/ -- Frost Bank, the subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR) announced today that Pat Frost plans to retire at the end of this year. Frost, whose ten...
CULLEN/FROST REPORTS SECOND QUARTER RESULTS
Board increases quarterly common dividend by 5.7 percent to $0.92 SAN ANTONIO , July 27, 2023 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported second quarter 2023 results. Net inco...
Cullen/Frost Bankers, Inc. Hosts Second Quarter 2023 Earnings Conference Call
SAN ANTONIO , July 6, 2023 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, July 27, 2023 to discuss second quarter 2023 earnings. Earnings Release : The...
FROST BANK ANNOUNCES MAJOR EXPANSION IN AUSTIN
AUSTIN, Texas , June 27, 2023 /PRNewswire/ -- Frost Bank, a subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), will follow up on its successful expansion programs in the Houston and Dallas areas by...
CULLEN/FROST ANNOUNCES CME TERM SOFR AS REPLACEMENT REFERENCE RATE FOR OUTSTANDING U.S. DOLLAR LIBOR-LINKED SECURITIES
SAN ANTONIO , June 22, 2023 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) announced today that, after June 30, 2023, three-month CME Term SOFR will be the replacement reference rate for all o...
Deposit insurance rates should be adjusted for inflation, says Frost Bank's Phil Green
Phil Green, chairman and CEO of Frost Bank, joins 'The Exchange' to discuss state of banks strong fundamentals for lenders in Texas, funding pressures on the banking industry, and what's next for regi...