Cullen Frost Bankers Inc. (CFR)

NYSE: CFR · IEX Real-Time Price · USD
102.31
+0.48 (0.47%)
May 24, 2024, 4:00 PM EDT - Market closed
0.47%
Market Cap 6.57B
Revenue (ttm) 1.93B
Net Income (ttm) 549.34M
Shares Out 64.25M
EPS (ttm) 8.47
PE Ratio 12.08
Forward PE 12.24
Dividend $3.68 (3.60%)
Ex-Dividend Date May 31, 2024
Volume 171,603
Open 102.15
Previous Close 101.83
Day's Range 102.31 - 102.31
52-Week Range 82.25 - 120.31
Beta 1.04
Analysts Hold
Price Target 117.33 (+14.68%)
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]

Sector Financials
Founded 1868
Employees 5,495
Stock Exchange NYSE
Ticker Symbol CFR
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for CFR stock is "Hold." The 12-month stock price forecast is $117.33, which is an increase of 14.68% from the latest price.

Price Target
$117.33
(14.68% upside)
Analyst Consensus: Hold
Stock Forecasts

News

CULLEN/FROST REPORTS FIRST QUARTER RESULTS

Board declares second quarter dividend on common and preferred stock SAN ANTONIO , April 25, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) today reported first quarter 2024 results. Net ...

4 weeks ago - PRNewsWire

Frost Bank Improves Customer Experience with Atomic Direct Deposit Switch

SALT LAKE CITY--(BUSINESS WIRE)--Atomic is excited to announce its collaboration with San Antonio-based Frost Bank, a top 50 financial institution with 185 branch locations across Texas. Incorporating...

4 weeks ago - Business Wire

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...

7 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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.

4 months ago - CNBC Television

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

7 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

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,...

8 months ago - PRNewsWire

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?

10 months ago - Yahoo Finance

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...

10 months ago - Reuters

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...

Other symbols: BACBKBOKFCBSHGSKBEKBWB
10 months ago - Market Watch

Moody's cuts credit ratings for banks amid commercial real estate pressures

Moody's Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.

10 months ago - New York Post

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.

10 months ago - Reuters

Moody's lowers its credit ratings on U.S. banks

Moody's lowered its credit ratings on a bunch of U.S. based small and mid-sized banks on Tuesday and placed some of their bigger peers on negative review as well. U.S.

10 months ago - Invezz

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.

Other symbols: BKNTRSSTTTFCUSBASBBOKF
10 months ago - Investopedia

Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

Moody's on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.

10 months ago - CNBC

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 ...

10 months ago - Market Watch

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...

10 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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...

11 months ago - PRNewsWire

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...

11 months ago - PRNewsWire