Cullen/Frost Bankers Inc (CFR)

Official site

FINANCIAL SERVICES • BANKS - REGIONAL • NYSE

$155.20

-1.48 (-0.94%)

Market Cap: $9.74B

Last updated: Nov 06, 2026 at 4:10 PM ET

Earnings

Performance (10Y)

Beat Rate

95%(38/40)

Avg Surprise

+8.56%

Streak

10 Q

Upcoming Estimates

Period ending Dec 31, 2026

EPS Consensus$3.24

Range$3.14 - $3.33

9 analysts

Revenue Consensus

$660M

Range$594M - $690M

7 analysts

Period ending Mar 31, 2027

EPS Consensus$2.93

Range$2.74 - $3.17

7 analysts

EPS Revisions

30d

EPS Estimate DriftChange to current

90d ago$2.86+2.4%

60d ago$2.89+1.4%

30d ago$2.91+0.4%

7d ago$2.90+0.8%

Current$2.93

Revenue Consensus

$630M

Range$616M - $641M

5 analysts

Last 12 of 40 reported quarters and 2 upcoming estimates

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Mar 31, 2027Mar 27EST	-	$2.93	$2.74 - $3.17	-	-	7	2 1 30d	-
Dec 31, 2026Dec 26EST	-	$3.24	$3.14 - $3.33	-	-	9	-	-
Sep 30, 2026Sep 26 Reported Oct 29, 2026Reported Oct 29	$2.94	$2.79	$2.74 - $2.94	+5.38%	Beat	12	5 1 30d	+10.1%
Jun 30, 2026Jun 26 Reported Jul 30, 2026Reported Jul 30	$2.70	$2.53	$2.45 - $2.74	+6.72%	Beat	12	3 0 30d	+13.0%
Mar 31, 2026Mar 26 Reported Apr 30, 2026Reported Apr 30	$2.65	$2.49	$2.38 - $2.58	+6.43%	Beat	12	3 4 30d	+15.2%
Dec 31, 2025Dec 25 Reported Jan 29, 2026Reported Jan 29	$2.80	$2.45	$2.21 - $2.54	+14.29%	Beat	13	1 0 30d	+18.6%
Sep 30, 2025Sep 25 Reported Oct 30, 2025Reported Oct 30	$2.67	$2.38	$2.29 - $2.49	+12.18%	Beat	14	3 1 30d	+19.2%
Jun 30, 2025Jun 25 Reported Jul 31, 2025Reported Jul 31	$2.39	$2.31	$2.22 - $2.43	+3.46%	Beat	12	5 0 30d	+8.1%
Mar 31, 2025Mar 25 Reported May 1, 2025Reported May 1	$2.30	$2.17	$2.10 - $2.33	+5.99%	Beat	11	4 2 30d	+11.7%
Dec 31, 2024Dec 24 Reported Jan 30, 2025Reported Jan 30	$2.36	$2.17	$2.04 - $2.36	+8.76%	Beat	10	3 1 30d	+8.3%
Sep 30, 2024Sep 24 Reported Oct 31, 2024Reported Oct 31	$2.24	$2.17	$2.05 - $2.27	+3.23%	Beat	14	1 1 30d	-5.9%
Jun 30, 2024Jun 24 Reported Jul 25, 2024Reported Jul 25	$2.21	$2.07	$1.97 - $2.16	+6.76%	Beat	16	4 0 30d	-10.5%
Mar 31, 2024Mar 24 Reported Apr 25, 2024Reported Apr 25	$2.06	$2.14	$1.94 - $2.23	-3.74%	Miss	16	2 0 30d	-23.7%
Dec 31, 2023Dec 23 Reported Jan 25, 2024Reported Jan 25	$2.18	$2.09	$1.50 - $2.30	+4.31%	Beat	16	1 1 30d	-25.1%

Dividends

Next ex-dividend: Nov 30, 2026

Dividend Metrics

Forward Yield2.65%

Forward Annual Dividend$4.12

Payout Ratio36.61%

FrequencyQuarterly

Pay MonthsMar, Jun, Sep, Dec

Growth

3Y CAGR+6.83%

5Y CAGR+6.75%

CFR dividend history and ex-dividend dates Run CFR in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	13.99	EV/EBITDA	15.38x
Price/FCF	16.68x	FCF Yield	5.99%
Profitability
Profit Margin	30.00%	Operating Margin	37.40%
ROE	16.40%	ROIC	7.40%
Financial Health
Debt/Equity	1.34x	Interest Coverage	1.33x
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	0.51	Avg Volume	460.85K
52-Week High	$169.71	52-Week Low	$115.74

Technical Indicators Dashboard

Moving Averages

SMA 10$157.96

SMA 20$156.16

SMA 50$157.20

SMA 200$148.24

EMA 10$157.34

EMA 20$156.83

EMA 50$156.93

EMA 200$149.22

MACD

Line: 0.46Signal: 0.32Hist: 0.14

ADX

ADX: 22.1+DI: 20.7-DI: 16.3

Aroon & PSAR

Aroon Up92.0

Aroon Down12.0

PSAR$163.61

Bollinger Bands

Upper Band$161.44

Lower Band$150.89

%B Position676%(Upper)

Band Width0.41

RSI (14-Day)

Neutral

45.7

Momentum Oscillators

Stoch %K41.1

Stoch %D60.2

Williams %R-77.2

ROC (10d)-1.2%

Momentum-1.85

CCI (20d)-9.7

MFI (14d)72.8

Volatility Measures

ATR (14d)$3.54(2.3%)

StdDev (20d)2.64

Hist Vol16.4%(Low)

Volume Flow

VWAP$155.88

OBV9.7M

AD Line-183.2M

CMF (20d)-0.061

Volume Metrics

Avg Vol (20d)460.6K

Vol Ratio0.9x

VWMA (20d)$156.47

Pivot Points

R3$167.98

R2$165.36

R1$161.02

Pivot Point$158.39

S1$154.05

S2$151.43

S3$147.09

Advanced Oscillators

TSI4.94

Ultimate Osc45.2

KST12.37

Financial Data

Quarter	Sep 2026	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Total Revenue	$603.83M	$576.01M	$574.84M	$580.87M	$567.26M	$546.88M	$540.23M	$536.34M	$518.04M	$507.90M	$501.43M	$501.90M
Cost of Revenue	N/A	N/A	$6.75M	$176.27M	$185.08M	$185.48M	$181.97M	$203.34M	$223.21M	$215.36M	$209.10M	$206.91M
Gross Profit	N/A	N/A	$568.09M	$569.65M	$560.49M	$533.75M	$527.16M	$520.18M	$498.65M	$492.12M	$487.78M	$485.92M

Operating Expenses	$377.20M	$361.70M	$365.69M	$371.67M	$352.48M	$347.13M	$348.07M	$336.17M	$323.41M	$316.96M	$326.22M	$365.22M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Income	N/A	N/A	$202.41M	$197.98M	$208.01M	$186.62M	$179.09M	$184.01M	$175.24M	$175.15M	$161.56M	$120.70M

Interest Income	$631.78M	$594.76M	$577.97M	$613.57M	$620.11M	$601.96M	$585.12M	$600.69M	$608.16M	$596.28M	$585.50M	$579.08M
Interest Expense	$163.91M	$147.03M	$139.44M	$164.86M	$178.49M	$172.35M	$168.90M	$187.18M	$203.83M	$199.57M	$195.45M	$190.93M
Income Before Tax	$214.54M	$204.54M	$202.41M	$197.98M	$208.01M	$186.62M	$179.09M	$184.01M	$175.24M	$175.15M	$161.56M	$120.70M
Income Tax Expense	$34.33M	$32.48M	$31.42M	$31.73M	$33.63M	$29.62M	$28.17M	$29.16M	$28.74M	$29.65M	$25.87M	$18.15M

Net Income	$180.21M	$172.06M	$170.99M	$166.25M	$174.38M	$157.00M	$150.92M	$154.85M	$146.50M	$145.50M	$135.69M	$102.55M

EBITDA	$240.51M	$226.40M	$228.39M	$230.49M	$239.02M	$218.64M	$210.93M	$215.05M	$206.75M	$207.15M	$195.04M	$154.16M
EBIT	$214.54M	$204.54M	$202.41M	$197.98M	$208.01M	$186.62M	$179.09M	$184.01M	$175.24M	$175.15M	$161.56M	$120.70M

* Some calculated fields are derived from available data when not provided by source

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News

Frost Bank’s $22M Dallas office upgrade is a vote of confidence in North Texas growth

Frost Bank is investing $22 million to upgrade and expand its regional headquarters in Dallas at Harwood No. 7...

The Real Deal•Nov 6, 2026 1:30 PM ET11/6/26•Neutral

Frost Bank Plots $22M Dallas Tower Overhaul as It Expands Across Texas

Frost Bank plans a $22.2 million renovation of its Dallas regional headquarters, covering three floors of the Frost Tower in the Harwood District. This overhaul coincides with the San Antonio-based bank's broader...

Hoodline•Nov 5, 2026 1:41 PM ET11/5/26•Bullish

Form 4 Cullen/Frost Bankers Inc: Phillip D. Green (Director, Chairman and CEO) For: 4 November

This article reports on a Form 4 filing for Cullen/Frost Bankers Inc., detailing an insider transaction by Phillip D. Green, who serves as Director, Chairman...

Investing.com UK•Nov 5, 2026 10:41 AM ET11/5/26•Neutral

Spurs Give & Frost Bank To Grant Local Organizations Up To $100,000 Through Operation Renovation

Spurs Give and Frost Bank have opened applications for their 2026–27 Operation Renovation grant program, offering up to $100,000 to local youth-serving organizations for facility improvements. Since its inception...

NBA.com•Nov 4, 2026 10:40 AM ET11/4/26•Somewhat-Bullish

Frost Bank opens 2nd New Braunfels location

Frost Bank has opened its second New Braunfels location, the Creekside branch, at 2120 FM 1101. The new bank, which began operations on November 2...

Community Impact•Nov 3, 2026 12:00 PM ET11/3/26•Somewhat-Bullish

CFR Valuation and Fair Value

P/E: 14.0x
Forward P/E: 13.4x
EV/EBITDA: 15.4x
P/FCF: 16.7x
PEG: 2.9x
P/B: 2.5x

See GNG's fair value

CFR Profitability: Margins, ROIC and FCF

Operating margin: 37.4%
Net margin: 30.0%
ROIC: 7.4%
ROE: 16.4%
FCF margin: 24.8%
FCF yield: 6.0%

CFR Competitors

Company	Ticker
Popular Inc	BPOP
Old Republic International Corp	ORI
SouthState Corporation	SSB
Zions Bancorporation	ZION
UMB Financial Corporation	UMBF
Old National Bancorp	ONB
Wintrust Financial Corporation	WTFC
Assurant, Inc. 5.25% Subordinat	AIZN

Sector: Financial Services

CFR Analyst Ratings

Consensus: Buy
Analysts: 15
Strong Buy: 3
Buy: 3
Hold: 8
Sell: 1
Strong Sell: 0

CFR Bull Case vs Bear Case

Bull case

CFR converts 24.8% of revenue into free cash flow.
CFR has a 30.0% net profit margin.
CFR beat EPS estimates in 100.0% of its last 8 reported quarters.

CFR Earnings: Beat Rate and Next Report

Beat rate: 8 of 8 quarters (100.0%)
Average surprise: 7.9%
EPS estimate (fiscal period ending Dec 31, 2026): $3.24

CFR Dividend

Forward yield: 2.7%
Payout ratio: 36.6%
3Y DPS growth: 6.8%
5Y DPS growth: 6.7%
Pay months: Mar, Jun, Sep, Dec

CFR dividend history

CFR Earnings Date

CFR reports Jan 27, 2027, after the close. The date is estimated.

CFR Earnings Call

The latest CFR earnings call transcript on file is labeled 2026Q3.

Read the 2026Q3 transcript

CFR ETF Holders

GNG tracks 27 ETFs that hold CFR. The largest weights:

Fundstrat Granny Shots US Small & Mid-Cap ETF (GRNJ), 1.49% of the fund
State Street SPDR S&P Regional Banking ETF (KRE), 1.09% of the fund
State Street SPDR S&P Bank ETF (KBE), 0.93% of the fund
Invesco S&P MidCap Momentum ETF (XMMO), 0.79% of the fund
State Street SPDR S&P Dividend ETF (SDY), 0.39% of the fund

Open the ETF Stock Exposure tool for CFR

See insider activity

Frequently Asked Questions About CFR

When is CFR's next ex-dividend date?

CFR's next ex-dividend date is Nov 30, 2026, for a declared dividend of $1.03 per share (record date Nov 30, 2026, payable Dec 15, 2026).

When does CFR report earnings?

Cullen/Frost Bankers Inc (CFR) is expected to report earnings on Jan 27, 2027.

What is CFR's current dividend yield?

Cullen/Frost Bankers Inc (CFR) has a forward dividend yield of 2.65%.

Does CFR pay dividends?

Yes, Cullen/Frost Bankers Inc pays dividends with a forward dividend yield of 2.65%.

What is CFR's P/E ratio?

Cullen/Frost Bankers Inc has a price-to-earnings (P/E) ratio of 13.99.

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