Market Summary
USD102.31+2.24
Delayedas of 27 Mar 2023, 12:00 pm2.24%
CFR Stock Price
CFR RSI Chart
CFR Valuation
CFR Price/Sales (Trailing)
CFR Profitability
CFR Fundamentals
CFR Revenue
CFR Earnings
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
Peers (Alternatives to Cullen-Frost Bankers)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
JPM | 369.9B | 128.7B | -9.85% | -8.96% | 9.82 | 2.87 | 5.79% | -22.05% |
BAC | 217.0B | 95.0B | -20.85% | -35.83% | 7.88 | 2.29 | 6.55% | -13.92% |
WFC | 137.5B | 54.0B | -21.26% | -28.08% | 10.43 | 2.55 | 36.10% | -38.82% |
USB | 52.4B | 17.9B | -26.59% | -35.86% | 8.99 | 2.92 | 33.05% | -26.85% |
PNC | 50.9B | 21.1B | -20.57% | -33.97% | 8.33 | 2.41 | 9.94% | 6.78% |
FHN | 9.0B | 2.7B | -32.58% | -27.06% | 9.98 | 3.35 | 24.33% | -9.91% |
| MID-CAP | ||||||||
BOKF | 6.5B | 1.4B | -17.57% | -11.29% | 12.44 | 4.65 | 17.98% | -15.83% |
CFR | 6.4B | 1.5B | -21.33% | -29.27% | 11.11 | 4.36 | 46.29% | 30.71% |
ZION | 4.2B | 2.7B | -42.72% | -57.89% | 4.63 | 1.55 | 19.32% | -19.66% |
PNFP | 4.1B | 1.4B | -26.94% | -42.41% | 7.4 | 3.02 | 33.23% | 6.34% |
| SMALL-CAP | ||||||||
PRK | 2.0B | 378.2M | -3.47% | -4.03% | 13.45 | 5.28 | 19.24% | -3.63% |
TRMK | 1.5B | 541.8M | -14.93% | -16.80% | 21.46 | 2.85 | 22.45% | -51.22% |
WABC | 1.2B | 221.8M | -17.39% | -21.75% | 10.21 | 5.62 | 27.86% | 41.07% |
HOPE | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 21.2% | 1,476 | 1,218 | 1,062 | 1,018 | 1,009 |
| EBITDA | 15.1% | 2,031 | 1,765 | 1,579 | 1,540 | - |
| EBITDA Margin | -5.0% | 1.38* | 1.45* | 2.17* | 1.51* | - |
| Earnings Before Taxes | 19.4% | 669 | 560 | 484 | 477 | 490 |
| EBT Margin | -1.4% | 0.45* | 0.46* | 0.66* | 0.47* | - |
| Interest Expenses | 13.9% | 1,291 | 1,134 | 1,024 | 993 | 985 |
| Net Income | 18.4% | 579 | 489 | 427 | 426 | 443 |
| Net Income Margin | -2.2% | 0.39* | 0.40* | 0.59* | 0.42* | - |
| Free Cahsflow | 12.5% | 620 | 551 | 529 | 696 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -0.1% | 52,892 | 52,946 | 51,785 | 51,296 | 50,878 |
| Cash Equivalents | -11.8% | 12,028 | 13,633 | 13,659 | 14,457 | 16,583 |
| Net PPE | 3.2% | 1,103 | 1,069 | 1,046 | 1,046 | 1,050 |
| Goodwill | 0% | 655 | 655 | 655 | 655 | 655 |
| Liabilities | -0.8% | 49,755 | 50,133 | 48,438 | 47,520 | 46,439 |
| Shareholder's Equity | 11.5% | 3,137 | 2,812 | 3,347 | 3,776 | 4,440 |
| Retained Earnings | 4.1% | 3,310 | 3,180 | 3,070 | 3,003 | 2,957 |
| Additional Paid-In Capital | 1.1% | 1,030 | 1,019 | 1,015 | 1,012 | 1,010 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 13.7% | 723 | 636 | 595 | 761 | 648 |
| Share Based Compensation | 33.7% | 18.00 | 14.00 | 13.00 | 12.00 | 13.00 |
| Cashflow From Investing | 16.3% | -8,277 | -9,889 | -8,259 | -5,382 | -2,525 |
| Cashflow From Financing | -54.8% | 3,000 | 6,632 | 6,139 | 7,276 | 8,171 |
| Dividend Payments | 4.1% | 210 | 202 | 193 | 191 | 189 |
| Buy Backs | 24.8% | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Cullen-Frost Bankers News
Schedule 13G FIlings of Cullen-Frost Bankers
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-09-30Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 9 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: | ||||
| Taxable | 68,311 | 20,736 | 167,734 | 61,366 |
| Tax-exempt | 59,450 | 56,882 | 173,394 | 169,656 |
| Interest-bearing deposits | 74,257 | 5,830 | 106,971 | 11,877 |
| Federal funds sold | 316 | 2 | 428 | 13 |
| Resell agreements | 64 | 6 | 78 | 11 |
| Total interest income | 408,330 | 252,235 | 971,193 | 761,880 |
| Interest expense: | ||||
| Deposits | 42,682 | 3,677 | 62,187 | 10,693 |
| Federal funds purchased | 249 | 9 | 336 | 24 |
| Repurchase agreements | 7,529 | 632 | 9,837 | 1,597 |
| Junior subordinated deferrable interest debentures | 1,159 | 631 | 2,515 | 1,915 |
| Subordinated notes | 1,164 | 1,164 | 3,492 | 3,492 |
| Total interest expense | 52,783 | 6,113 | 78,367 | 17,721 |
| Net interest income | 355,547 | 246,122 | 892,826 | 744,159 |
| Credit loss expense | 0 | 0 | 0 | 63 |
| Net interest income after credit loss expense | 355,547 | 246,122 | 892,826 | 744,096 |
| Non-interest income: | ||||
| Trust and investment management fees | 38,552 | 37,381 | 114,984 | 110,569 |
| Service charges on deposit accounts | 22,960 | 21,216 | 69,570 | 61,058 |
| Insurance commissions and fees | 13,152 | 11,748 | 41,536 | 39,834 |
| Interchange and card transaction fees | 4,614 | 4,490 | 13,751 | 13,224 |
| Other charges, commissions and fees | 11,095 | 9,785 | 30,609 | 26,729 |
| Net gain (loss) on securities transactions | 0 | 0 | 0 | 0 |
| Other | 9,448 | 8,569 | 28,688 | 26,258 |
| Total non-interest income | 99,821 | 93,189 | 299,138 | 277,672 |
| Non-interest expense: | ||||
| Salaries and wages | 127,189 | 99,463 | 355,399 | 289,956 |
| Employee benefits | 21,680 | 21,576 | 66,633 | 62,840 |
| Net occupancy | 28,133 | 27,208 | 83,923 | 79,909 |
| Technology, furniture and equipment | 30,781 | 28,494 | 89,859 | 84,508 |
| Deposit insurance | 4,279 | 3,088 | 11,636 | 8,893 |
| Intangible amortization | 103 | 157 | 380 | 544 |
| Other | 45,733 | 38,017 | 135,147 | 116,749 |
| Total non-interest expense | 257,898 | 218,003 | 742,977 | 643,399 |
| Income before income taxes | 197,470 | 121,308 | 448,987 | 378,369 |
| Income taxes | 27,710 | 13,333 | 61,011 | 36,311 |
| Net income | 169,760 | 107,975 | 387,976 | 342,058 |
| Preferred stock dividends | 1,668 | 1,668 | 5,006 | 5,488 |
| 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
2022-09-30Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets: | ||
| Cash and due from banks | $ 665,123 | $ 555,778 |
| Interest-bearing deposits | 12,863,775 | 15,985,244 |
| Federal funds sold | 91,650 | 34,075 |
| Resell agreements | 12,150 | 7,903 |
| Total cash and cash equivalents | 13,632,698 | 16,583,000 |
| Securities held to maturity, net of allowance for credit losses of $158 at September 30, 2022 and $158 at December 31, 2021 | 2,174,084 | 1,749,179 |
| Securities available for sale, at estimated fair value | 17,399,107 | 13,924,628 |
| Trading account securities | 25,008 | 25,162 |
| Loans, net of unearned discounts | 16,950,629 | 16,336,397 |
| Less: Allowance for credit losses on loans | (234,315) | (248,666) |
| Net loans | 16,716,314 | 16,087,731 |
| Premises and equipment, net | 1,068,749 | 1,050,331 |
| Goodwill | 654,952 | 654,952 |
| Other intangible assets, net | 486 | 866 |
| Cash surrender value of life insurance policies | 190,368 | 190,139 |
| Accrued interest receivable and other assets | 1,083,803 | 612,502 |
| Total assets | 52,945,569 | 50,878,490 |
| Liabilities: | ||
| Non-interest-bearing demand deposits | 18,565,820 | 18,423,018 |
| Interest-bearing deposits | 27,994,366 | 24,272,678 |
| Total deposits | 46,560,186 | 42,695,696 |
| Federal funds purchased | 26,200 | 25,925 |
| Repurchase agreements | 2,082,739 | 2,740,799 |
| Junior Subordinated Notes | 123,055 | 123,011 |
| Subordinated notes, net of unamortized issuance costs | 99,295 | 99,178 |
| Accrued interest payable and other liabilities | 1,241,622 | 754,326 |
| Total liabilities | 50,133,097 | 46,438,935 |
| 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, 2021 | 145,452 | 145,452 |
| 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, 2021 | 642 | 642 |
| Additional paid-in capital | 1,018,624 | 1,009,921 |
| Retained earnings | 3,179,964 | 2,956,966 |
| 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’ equity | 2,812,472 | 4,439,555 |
| Total liabilities and shareholders’ equity | $ 52,945,569 | $ 50,878,490 |