CFR Stock Analysis: Cullen/Frost Bankers | NYSE
Banks - Regional | NYSE, USA | Market Cap: 9.921m USD | 12M Return: 26.4% | US2298991090 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 82.8M
EPS Trend: 42.4%
Qual. Beats: 7
Rev. Trend: 49.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Cullen/Frost Bankers, Inc. (CFR) is a Texas-based bank holding company that operates Frost Bank, delivering a full suite of commercial and consumer banking products across the state. Founded in 1868 and headquartered in San Antonio, the company is one of the largest Texas-focused regional banks, offering services ranging from commercial lending, treasury management, and real estate loans to retail checking, ATMs, and brokerage products for individual and corporate clients.
In addition to core banking, Frost provides international banking, correspondent banking, trust and custodial services, capital markets activities, and insurance and securities brokerage. The company serves a diversified client base spanning energy, manufacturing, construction, healthcare, military, transportation, and other industries. As a regional bank holding company in the Financials sector, CFR generates revenue primarily through net interest income from its lending activities, supplemented by fee-based services such as treasury management, wealth management, and capital markets.
- Texas commercial real estate loan losses rise
- Net interest margin expands as Fed pauses rate cuts
- Energy sector credit quality weakens with oil price decline
| Net Income: 683.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.03 > 1.0 |
| NWC/Revenue: -149.8% < 20% (prev -992.1%; Δ 842.3% < -1%) |
| CFO/TA 0.01 > 3% & CFO 719.6m > Net Income 683.7m |
| Net Debt (4.73b) to EBITDA (901.4m): 5.24 < 3 |
| Current Ratio: 0.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (62.8m) vs 12m ago -2.43% < -2% |
| Gross Margin: 85.82% > 18% (prev 72.37%; Δ 13.45% > 0.5%) |
| Asset Turnover: 5.02% > 50% (prev 5.59%; Δ -0.57% > 0%) |
| Interest Coverage Ratio: 1.31 > 6 (EBIT TTM 812.9m / Interest Expense TTM 622.2m) |
| A: -0.07 (Total Current Assets 952.8m - Total Current Liabilities 4.91b) / Total Assets 53.9b |
| B: 0.08 (Retained Earnings 4.52b / Total Assets 53.9b) |
| C: 0.02 (EBIT TTM 812.9m / Avg Total Assets 52.6b) |
| D: 0.09 (Book Value of Equity 4.62b / Total Liabilities 49.3b) |
| Altman-Z'' = -0.01 = B |
As of September 27, 2026, the stock is trading at USD 157.42 with a total of 485,543 shares traded. Over the past week, the price has changed by -1.49%, over one month by -3.03%, over three months by +3.21% and over the past year by +26.44%.
Current recommended Stop Loss: 153.40 (which is 2.6% or 1.3 ATR below the current price).
Cullen/Frost Bankers has received a consensus analysts rating of 2.92. Therefore, it is recommended to hold CFR.
- StrongBuy: 1
- Buy: 1
- Hold: 9
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 174.4 | 10.8% |
P/E Trailing = 15.0604
P/E Forward = 14.0056
P/S = 4.3814
P/B = 2.2132
P/EG = 3.2583
Revenue TTM = 2.64b USD
EBIT TTM = 812.9m USD
EBITDA TTM = 901.4m USD
Long Term Debt = 223.2m USD (from longTermDebt, last quarter)
Short Term Debt = 4.91b USD (from shortTermDebt, last quarter)
Debt = 5.42b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.73b USD (calculated: Debt 5.42b - CCE 697.7m)
Enterprise Value = 14.6b USD (9.92b + Debt 5.42b - CCE 697.7m)
Interest Coverage Ratio = 1.31 (Ebit TTM 812.9m / Interest Expense TTM 622.2m)
EV/FCF = 22.69x (Enterprise Value 14.6b / FCF TTM 645.6m)
FCF Yield = 4.41% (FCF TTM 645.6m / Enterprise Value 14.6b)
FCF Margin = 24.42% (FCF TTM 645.6m / Revenue TTM 2.64b)
Net Margin = 25.86% (Net Income TTM 683.7m / Revenue TTM 2.64b)
Gross Margin = 85.82% ((Revenue TTM 2.64b - Cost of Revenue TTM 374.8m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.27 (Enterprise Value 14.6b / Total Assets 53.9b)
Interest Expense / Debt = 11.47% (Interest Expense 622.2m / Debt 5.42b)
Taxrate = 15.90% (129.3m / 812.9m)
NOPAT = 683.7m (EBIT 812.9m * (1 - 15.90%))
Current Ratio = 0.19 (Total Current Assets 952.8m / Total Current Liabilities 4.91b)
Debt / Equity = 1.17 (Debt 5.42b / totalStockholderEquity, last quarter 4.62b)
Debt / EBITDA = 5.24 (Net Debt 4.73b / EBITDA 901.4m)
Debt / FCF = 7.32 (Net Debt 4.73b / FCF TTM 645.6m)
Total Stockholder Equity = 4.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.30% (Net Income 683.7m / Total Assets 53.9b)
RoE = 15.04% (Net Income TTM 683.7m / Total Stockholder Equity 4.55b)
RoCE = 17.04% (EBIT 812.9m / Capital Employed (Equity 4.55b + L.T.Debt 223.2m))
RoIC = 1.27% (NOPAT 683.7m / Invested Capital 53.7b)
WACC = 8.67% (E(9.92b)/V(15.3b) * Re(8.14%) + D(5.42b)/V(15.3b) * Rd(11.47%) * (1-Tc(0.16)))
Discount Rate = 8.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -79.60 | Cagr: -1.11%
[DCF] Terminal Value 76.93% ; FCFF base≈421.8m ; Y1≈483.5m ; Y5≈711.5m
[DCF] Fair Price = 86.99 (EV 10.1b - Net Debt 4.73b = Equity 5.41b / Shares 62.1m; r=8.67% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 42.40 | EPS CAGR: 3.63% | SUE: 1.73 | # QB: 7
Revenue Correlation: 49.38 | Revenue CAGR: 2.32% | SUE: -0.03 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.80 | Chg30d=+0.04% | Revisions=+40% | Analysts=12
EPS current Year (2026-12-31): EPS=10.99 | Chg30d=+0.03% | Revisions=-25% | GrowthEPS=+7.5% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=11.75 | Chg30d=+0.42% | Revisions=+62% | GrowthEPS=+6.9% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: +55% (up=7, down=1)