CFR Stock Analysis: Cullen/Frost Bankers | NYSE
Banks - Regional | NYSE, USA | Market Cap: 10.139m USD | 12M Return: 24.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 87.7M
EPS Trend: -12.3%
Qual. Beats: 6
Rev. Trend: 84.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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: 668.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.31 > 1.0 |
| NWC/Revenue: -1.67k% < 20% (prev -1.31k%; Δ -359.2% < -1%) |
| CFO/TA 0.02 > 3% & CFO 807.4m > Net Income 668.6m |
| Net Debt (4.01b) to EBITDA (883.1m): 4.54 < 3 |
| Current Ratio: 0.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.6m) vs 12m ago -1.13% < -2% |
| Gross Margin: 80.13% > 18% (prev 71.21%; Δ 8.91% > 0.5%) |
| Asset Turnover: 5.32% > 50% (prev 5.50%; Δ -0.18% > 0%) |
| Interest Coverage Ratio: 1.21 > 6 (EBIT TTM 795.0m / Interest Expense TTM 655.1m) |
| A: -0.88 (Total Current Assets 830.8m - Total Current Liabilities 47.5b) / Total Assets 52.7b |
| B: 0.08 (Retained Earnings 4.41b / Total Assets 52.7b) |
| C: 0.02 (EBIT TTM 795.0m / Avg Total Assets 52.4b) |
| D: 0.09 (Book Value of Equity 4.53b / Total Liabilities 48.2b) |
| Altman-Z'' = -5.33 = D |
As of July 28, 2026, the stock is trading at USD 163.88 with a total of 682,203 shares traded. Over the past week, the price has changed by +1.12%, over one month by +5.89%, over three months by +15.02% and over the past year by +24.87%.
Current recommended Stop Loss: 160.10 (which is 2.3% 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 | 159 | -3% |
P/E Trailing = 15.7984
P/E Forward = 15.3846
P/S = 4.5427
P/B = 2.3236
P/EG = 4.5257
Revenue TTM = 2.79b USD
EBIT TTM = 795.0m USD
EBITDA TTM = 883.1m USD
Long Term Debt = 223.1m USD (from longTermDebt, last quarter)
Short Term Debt = 4.13b USD (from shortTermDebt, last quarter)
Debt = 4.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.01b USD (calculated: Debt 4.64b - CCE 638.8m)
Enterprise Value = 14.1b USD (10.1b + Debt 4.64b - CCE 638.8m)
Interest Coverage Ratio = 1.21 (Ebit TTM 795.0m / Interest Expense TTM 655.1m)
EV/FCF = 18.44x (Enterprise Value 14.1b / FCF TTM 767.2m)
FCF Yield = 5.42% (FCF TTM 767.2m / Enterprise Value 14.1b)
FCF Margin = 27.54% (FCF TTM 767.2m / Revenue TTM 2.79b)
Net Margin = 24.00% (Net Income TTM 668.6m / Revenue TTM 2.79b)
Gross Margin = 80.13% ((Revenue TTM 2.79b - Cost of Revenue TTM 553.6m) / Revenue TTM)
Gross Margin QoQ = none% (prev 76.37%)
Tobins Q-Ratio = 0.27 (Enterprise Value 14.1b / Total Assets 52.7b)
Interest Expense / Debt = 14.11% (Interest Expense 655.1m / Debt 4.64b)
Taxrate = 15.90% (126.4m / 795.0m)
NOPAT = 668.6m (EBIT 795.0m * (1 - 15.90%))
Current Ratio = 0.02 (Total Current Assets 830.8m / Total Current Liabilities 47.5b)
Debt / Equity = 1.03 (Debt 4.64b / totalStockholderEquity, last quarter 4.53b)
Debt / EBITDA = 4.54 (Net Debt 4.01b / EBITDA 883.1m)
Debt / FCF = 5.22 (Net Debt 4.01b / FCF TTM 767.2m)
Total Stockholder Equity = 4.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 668.6m / Total Assets 52.7b)
RoE = 15.05% (Net Income TTM 668.6m / Total Stockholder Equity 4.44b)
RoCE = 17.04% (EBIT 795.0m / Capital Employed (Equity 4.44b + L.T.Debt 223.1m))
RoIC = 1.27% (NOPAT 668.6m / Invested Capital 52.6b)
WACC = 9.76% (E(10.1b)/V(14.8b) * Re(8.79%) + D(4.64b)/V(14.8b) * Rd(14.11%) * (1-Tc(0.16)))
Discount Rate = 8.79% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.60 | Cagr: -0.40%
[DCF] Terminal Value 73.56% ; FCFF base≈490.1m ; Y1≈561.8m ; Y5≈826.9m
[DCF] Fair Price = 94.99 (EV 9.97b - Net Debt 4.01b = Equity 5.97b / Shares 62.8m; r=9.76% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -12.28 | EPS CAGR: -0.95% | SUE: 1.51 | # QB: 6
Revenue Correlation: 84.01 | Revenue CAGR: 5.53% | SUE: -0.03 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.57 | Chg30d=+1.06% | Revisions=+50% | Analysts=12
EPS next Quarter (2026-09-30): EPS=2.70 | Chg30d=+0.54% | Revisions=+29% | Analysts=11
EPS current Year (2026-12-31): EPS=10.70 | Chg30d=+0.71% | Revisions=+29% | GrowthEPS=+4.6% | GrowthRev=+3.0%
EPS next Year (2027-12-31): EPS=11.10 | Chg30d=+0.83% | Revisions=+50% | GrowthEPS=+3.8% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +59% (up=12, down=2)