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Cullen/Frost Bankers Inc Stock Research

CFR

102.31USD+2.24(+2.24%)Delayedas of 27 Mar 2023, 12:00 pm

Market Summary

USD102.31+2.24
Delayedas of 27 Mar 2023, 12:00 pm
2.24%

CFR Alerts

CFR Stock Price

CFR RSI Chart

CFR Valuation

Market Cap

6.4B

Price/Earnings (Trailing)

11.11

Price/Sales (Trailing)

4.36

EV/EBITDA

-2.75

Price/Free Cashflow

10.38

CFR Price/Sales (Trailing)

CFR Profitability

EBT Margin

45.32%

Return on Equity

18.46%

Return on Assets

1.09%

Free Cashflow Yield

9.64%

CFR Fundamentals

CFR Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

104.35%

Revenue Q/Q

23.56%

CFR Earnings

Earnings (TTM)

579.1M

Earnings Y/Y

89.24%

Earnings Q/Q

12.61%

Price Action

52 Week Range

95.75160.60
(Low)(High)

Last 7 days

-7.8%

Last 30 days

-21.3%

Last 90 days

-24.0%

Trailing 12 Months

-29.3%

CFR Financial Health

CFR Investor Care

Dividend Yield

3.24%

Dividend/Share (TTM)

3.24

Shares Dilution (1Y)

0.92%

Diluted EPS (TTM)

8.81

Peers (Alternatives to Cullen-Frost Bankers)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
369.9B
128.7B
-9.85% -8.96%
9.82
2.87
5.79% -22.05%
217.0B
95.0B
-20.85% -35.83%
7.88
2.29
6.55% -13.92%
137.5B
54.0B
-21.26% -28.08%
10.43
2.55
36.10% -38.82%
52.4B
17.9B
-26.59% -35.86%
8.99
2.92
33.05% -26.85%
50.9B
21.1B
-20.57% -33.97%
8.33
2.41
9.94% 6.78%
9.0B
2.7B
-32.58% -27.06%
9.98
3.35
24.33% -9.91%
MID-CAP
6.5B
1.4B
-17.57% -11.29%
12.44
4.65
17.98% -15.83%
6.4B
1.5B
-21.33% -29.27%
11.11
4.36
46.29% 30.71%
4.2B
2.7B
-42.72% -57.89%
4.63
1.55
19.32% -19.66%
4.1B
1.4B
-26.94% -42.41%
7.4
3.02
33.23% 6.34%
SMALL-CAP
2.0B
378.2M
-3.47% -4.03%
13.45
5.28
19.24% -3.63%
1.5B
541.8M
-14.93% -16.80%
21.46
2.85
22.45% -51.22%
1.2B
221.8M
-17.39% -21.75%
10.21
5.62
27.86% 41.07%
1.2B
716.1M
-20.51% -35.13%
5.6
1.71
26.40% 6.70%

Financials for Cullen-Frost Bankers

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue21.2%1,4761,2181,0621,0181,009
EBITDA15.1%2,0311,7651,5791,540-
EBITDA Margin-5.0%1.38*1.45*2.17*1.51*-
Earnings Before Taxes19.4%669560484477490
EBT Margin-1.4%0.45*0.46*0.66*0.47*-
Interest Expenses13.9%1,2911,1341,024993985
Net Income18.4%579489427426443
Net Income Margin-2.2%0.39*0.40*0.59*0.42*-
Free Cahsflow12.5%620551529696-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.1%52,89252,94651,78551,29650,878
    Cash Equivalents-11.8%12,02813,63313,65914,45716,583
  Net PPE3.2%1,1031,0691,0461,0461,050
  Goodwill0%655655655655655
Liabilities-0.8%49,75550,13348,43847,52046,439
Shareholder's Equity11.5%3,1372,8123,3473,7764,440
  Retained Earnings4.1%3,3103,1803,0703,0032,957
  Additional Paid-In Capital1.1%1,0301,0191,0151,0121,010
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations13.7%723636595761648
  Share Based Compensation33.7%18.0014.0013.0012.0013.00
Cashflow From Investing16.3%-8,277-9,889-8,259-5,382-2,525
Cashflow From Financing-54.8%3,0006,6326,1397,2768,171
  Dividend Payments4.1%210202193191189
  Buy Backs24.8%4.004.004.004.004.00

Risks for CFR

What is the probability of a big loss on CFR?

54.2%


Probability that Cullen-Frost Bankers stock will be more than 20% underwater in next one year

20.4%


Probability that Cullen-Frost Bankers stock will be more than 30% underwater in next one year.

18.5%


Probability that Cullen-Frost Bankers stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CFR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cullen-Frost Bankers was unfortunately bought at previous high price.

Drawdowns

Returns for CFR

Cumulative Returns on CFR

7.6%


10-Year Cumulative Returns

11.1%


7-Year Cumulative Returns

2.1%


5-Year Cumulative Returns

25.7%


3-Year Cumulative Returns

What are the long-term rolling returns for CFR?

FIve years rolling returns for Cullen-Frost Bankers.

Annualized Returns

Which funds bought or sold CFR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-13
Claro Advisors LLC
added
35.23
164,869
462,869
0.15%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-3.43
-43,184
1,804,820
-%
2023-03-10
BAILLIE GIFFORD & CO
reduced
-2.55
-684,373
46,318,600
0.05%
2023-03-06
Rockefeller Capital Management L.P.
added
237
805,000
1,136,000
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-0.5
819
79,819
0.04%
2023-02-28
Voya Investment Management LLC
added
1,157
11,633,000
12,626,000
0.02%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
11.51
709,000
6,254,000
0.07%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
3.19
21,792
522,792
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-240,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-35.74
-428,351
795,649
0.02%

1–10 of 46

Latest Funds Activity

Are funds buying CFR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CFR
No. of Funds

Cullen-Frost Bankers News

MarketBeat

Diversified Trust Co Has $554000 Stock Position in Cullen/Frost ....

MarketBeat,
6 hours ago

DirectorsTalk Interviews

Business Insider

Schedule 13G FIlings of Cullen-Frost Bankers

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 10, 2023
vanguard group inc
10.03%
6,452,297
SC 13G/A
Feb 14, 2023
aristotle capital management, llc
10.72%
6,895,043
SC 13G/A
Feb 09, 2023
cullen/frost bankers, inc.
5.6%
3,595,098
SC 13G/A
Feb 09, 2023
vanguard group inc
9.95%
6,394,885
SC 13G/A
Feb 03, 2023
state street corp
6.04%
3,884,614
SC 13G/A
Jan 25, 2023
blackrock inc.
8.9%
5,721,235
SC 13G/A
Feb 14, 2022
cullen/frost bankers, inc.
6.4%
4,066,201
SC 13G/A
Feb 14, 2022
aristotle capital management, llc
11.56%
7,362,853
SC 13G/A
Feb 10, 2022
state street corp
6.48%
4,130,140
SC 13G/A
Feb 09, 2022
vanguard group inc
9.23%
5,882,321
SC 13G/A

CFR Fair Value

Recent SEC filings of Cullen-Frost Bankers

View All Filings
Date Filed Form Type Document
Mar 15, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 13, 2023
4
Insider Trading
Mar 10, 2023
ARS
ARS
Mar 10, 2023
DEF 14A
DEF 14A
Mar 10, 2023
DEFA14A
DEFA14A
Mar 10, 2023
SC 13G/A
Major Ownership Report
Mar 09, 2023
4
Insider Trading

Latest Insider Trading transactions for CFR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Wolfshohl Candace K
bought
75,795
108
700
gevp culture/peopledevelopment
2023-03-13
Avery Chris
bought
540,425
108
5,000
-
2023-03-13
John Howard Willome
bought
214,000
107
2,000
-
2023-03-13
GREEN PHILLIP D
bought
1,012,620
106
9,500
chairman and ceo
2023-03-13
Severyn Carol Jean
bought
160,950
107
1,500
gevp and chief risk officer
2023-03-07
Berman Bobby
acquired
-
-
1,327
gevp research & strategy
2023-03-07
Salinas Jerry
acquired
-
-
2,573
gevp and cfo
2023-03-07
Severyn Carol Jean
acquired
-
-
1,327
gevp and chief risk officer
2023-03-07
Salinas Jerry
sold (taxes)
-79,952
127
-626
gevp and cfo
2023-03-07
GREEN PHILLIP D
sold (taxes)
-600,029
127
-4,698
chairman and ceo

1–10 of 50

Phillip D. Green
4550
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services. It also provides consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. In addition, the company offers international banking services comprising deposits, loans, letters of credit, foreign collections, funds, and foreign exchange services. Further, it acts as a correspondent for approximately 171 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and supports international business activities. Additionally, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as investment management services to Frost-managed mutual funds, institutions, and individuals. It operates approximately 157 financial centers and 1,650 ATMs. The company serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.

CFR Income Statement

2022-09-30
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:    
Loans, including fees$ 205,932$ 168,779$ 522,588$ 518,957
Securities:    
Taxable68,31120,736167,73461,366
Tax-exempt59,45056,882173,394169,656
Interest-bearing deposits74,2575,830106,97111,877
Federal funds sold316242813
Resell agreements6467811
Total interest income408,330252,235971,193761,880
Interest expense:    
Deposits42,6823,67762,18710,693
Federal funds purchased249933624
Repurchase agreements7,5296329,8371,597
Junior subordinated deferrable interest debentures1,1596312,5151,915
Subordinated notes1,1641,1643,4923,492
Total interest expense52,7836,11378,36717,721
Net interest income355,547246,122892,826744,159
Credit loss expense00063
Net interest income after credit loss expense355,547246,122892,826744,096
Non-interest income:    
Trust and investment management fees38,55237,381114,984110,569
Service charges on deposit accounts22,96021,21669,57061,058
Insurance commissions and fees13,15211,74841,53639,834
Interchange and card transaction fees4,6144,49013,75113,224
Other charges, commissions and fees11,0959,78530,60926,729
Net gain (loss) on securities transactions0000
Other9,4488,56928,68826,258
Total non-interest income99,82193,189299,138277,672
Non-interest expense:    
Salaries and wages127,18999,463355,399289,956
Employee benefits21,68021,57666,63362,840
Net occupancy28,13327,20883,92379,909
Technology, furniture and equipment30,78128,49489,85984,508
Deposit insurance4,2793,08811,6368,893
Intangible amortization103157380544
Other45,73338,017135,147116,749
Total non-interest expense257,898218,003742,977643,399
Income before income taxes197,470121,308448,987378,369
Income taxes27,71013,33361,01136,311
Net income169,760107,975387,976342,058
Preferred stock dividends1,6681,6685,0065,488
Net income available to common shareholders$ 168,092$ 106,307$ 382,970$ 336,570
Earnings per common share:    
Basic$ 2.60$ 1.66$ 5.92$ 5.25
Diluted$ 2.59$ 1.65$ 5.90$ 5.22

CFR Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:  
Cash and due from banks$ 665,123$ 555,778
Interest-bearing deposits12,863,77515,985,244
Federal funds sold91,65034,075
Resell agreements12,1507,903
Total cash and cash equivalents13,632,69816,583,000
Securities held to maturity, net of allowance for credit losses of $158 at September 30, 2022 and $158 at December 31, 20212,174,0841,749,179
Securities available for sale, at estimated fair value17,399,10713,924,628
Trading account securities25,00825,162
Loans, net of unearned discounts16,950,62916,336,397
Less: Allowance for credit losses on loans(234,315)(248,666)
Net loans16,716,31416,087,731
Premises and equipment, net1,068,7491,050,331
Goodwill654,952654,952
Other intangible assets, net486866
Cash surrender value of life insurance policies190,368190,139
Accrued interest receivable and other assets1,083,803612,502
Total assets52,945,56950,878,490
Liabilities:  
Non-interest-bearing demand deposits18,565,82018,423,018
Interest-bearing deposits27,994,36624,272,678
Total deposits46,560,18642,695,696
Federal funds purchased26,20025,925
Repurchase agreements2,082,7392,740,799
Junior Subordinated Notes123,055123,011
Subordinated notes, net of unamortized issuance costs99,29599,178
Accrued interest payable and other liabilities1,241,622754,326
Total liabilities50,133,09746,438,935
Shareholders’ Equity:  
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized; 150,000 Series B shares ($1,000 liquidation preference) issued at September 30, 2022 and December 31, 2021145,452145,452
Common stock, par value $0.01 per share; 210,000,000 shares authorized; 64,236,306 shares issued at September 30, 2022 and December 31, 2021642642
Additional paid-in capital1,018,6241,009,921
Retained earnings3,179,9642,956,966
Accumulated other comprehensive income (loss), net of tax(1,528,925)347,318
Treasury stock, at cost; 24,917 shares at September 30, 2022 and 250,070 shares at December 31, 2021(3,285)(20,744)
Total shareholders’ equity2,812,4724,439,555
Total liabilities and shareholders’ equity$ 52,945,569$ 50,878,490