Skip to main content
CFR logo

Cullen/Frost Bankers, Inc. (CFR) Stock: Price, Forecast & Analyst Target

Cullen/Frost Bankers, Inc. (CFR) — MoonshotScore 77/100 (Strong band), calculated Oct 5, 2026. Price $155.04 (+1.02%), as of the Oct 2, 2026 trading session; market cap $9.64B.

Educational signal · not a buy or sell recommendation · How to read this

$155.04 +$1.56 (+1.02%) Market Cap $9.64B

Cullen/Frost Bankers, Inc. · CFR · NYSE · Financial Services · Banks - Regional

Research dated 2026-09-13: Cullen/Frost Bankers is the holding company behind Frost Bank, a Texas-focused provider of commercial banking, consumer banking, treasury management and wealth services. The case depends on whether those customer relationships can sustain net interest income and earnings growth without a material rise in credit losses.

Price as of Oct 2, 2026

Key Statistics

77 of 100

MoonshotScore v2 · Cullen/Frost Bankers (CFR)

Strong
Business Quality Elite (80)
Financial Safety Okay (55)
Valuation Fair (78)
Growth Durability Flat (58)
Momentum Rising (75)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality, at a cheap price, though the balance sheet and growth are only decent; the market is already moving on it. Business Quality: Elite; Financial Safety: Okay; Valuation: Fair; Growth Durability: Flat; Momentum: Rising.

  • quarterly revenue $577M (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 8 of 8
  • Altman Z 0.25 · Piotroski F 6

Helping: business quality, an attractive price, positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for CFR (29 recorded, newest six shown)
RecordedScoreBand
80Strong
77Strong
78Strong
78Strong
75Strong
75Strong

The score moved from 76 in the stored Oct 4, 2026 snapshot to 77 in the current publication computed Oct 5, 2026 (+1); the largest pillar moves were Growth Durability +7 and Momentum +2. This current publication is not yet represented in the immutable snapshot archive.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$155.04
Change on the day+1.02%
52-week range$119.00–$170.80
Market capitalisation$9.64B
Price / earnings (trailing)14.61
Shares traded on the day322.7K
Beta (volatility vs the S&P 500)0.51

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $123, high $170, latest $155. $170 $123 high $170 Sep 5, 2025 Oct 2, 2026 · $155 $128Sep 5, 2025$127Sep 19, 2025$127Oct 3, 2025$123Oct 17, 2025$123Oct 31, 2025$123Nov 14, 2025$124Nov 28, 2025$129Dec 12, 2025$129Dec 26, 2025$136Jan 9, 2026$137Jan 23, 2026$147Feb 6, 2026$145Feb 20, 2026$135Mar 6, 2026$132Mar 20, 2026$139Apr 2, 2026$143Apr 17, 2026$140May 1, 2026$135May 15, 2026$136May 29, 2026$148Jun 12, 2026$155Jun 26, 2026$157Jul 10, 2026$164Jul 24, 2026$165Aug 7, 2026$164Aug 21, 2026$163Sep 4, 2026$160Sep 18, 2026$155Oct 2, 2026

Point at or tab to any week for its close.

Council Score · weighted blend of 2 available disciplines

Council score for Cullen/Frost Bankers (CFR): Bullish Lean

70/100 · A

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Neutral
Momentum Moderate
Business Quality Strong
Financial Safety Neutral
Valuation Moderate

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Favorable read
Moon AI lens (model) Favorable read

Read on: Oct 4, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Strong
Revenue Growth Weak
Debt/Equity Negative
ROE Moderate
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the CFR film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Cullen/Frost Bankers (CFR), and what does it report?

Short answer · as of

Frost finances commercial property, construction, equipment, inventories, receivables and acquisitions while providing treasury services to corporate customers.

Research dated 2026-09-13.

Frost finances commercial property, construction, equipment, inventories, receivables and acquisitions while providing treasury services to corporate customers. Consumer deposits and lending sit alongside international banking, correspondent banking, capital-markets, brokerage, trust, custody and investment-management activities.

Reported revenue is dominated by the bank segment, with Frost Wealth Advisors providing a smaller distinct contribution. The income statement tracks revenue through operating profit and net income, while the cash-flow statement captures movements that can vary sharply from reported earnings in a deposit-funded banking business.

Sources (as of 2026-09-13): Business description; Revenue by segment; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

2 · Latest results

What do the latest results show for Cullen/Frost Bankers (CFR)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $577M.

Research dated 2026-09-13.

The latest quarterly statement shows modest sequential improvement in revenue, gross profit, operating profit, net income and diluted earnings per share. The reported earnings release also exceeded revenue and earnings expectations, continuing a consistent run of earnings beats even though revenue has not beaten expectations in every reported period.

Management frames the forward mechanism around growth in net interest income, supported by an assumed increase in the policy rate. It also expects charge-offs to remain contained and narrowed the upper end of its expected tax range; those are guidance assumptions, not explanations for the latest quarter’s improvement.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts; Most recent periodic reports

What do the reported financial results show?

Reported revenue, net income and earnings per share from the income statement.

What do the reported financial results show? — reported evidence
Period endRevenueNet incomeEPS
Jun 30, 2026Not availableNot availableNot available
Mar 31, 2026Not availableNot availableNot available
Dec 31, 2025Not availableNot availableNot available
Sep 30, 2025Not availableNot availableNot available

Revenue and net income are in USD; EPS is USD per share. Statement EPS is labelled diluted or basic only when its source identifies that basis. Otherwise, its basis is unknown.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$577M$172M$2.74 (diluted)
Q1 FY2026$575M$171M$2.69 (diluted)
Q4 FY2025$746M$166M$2.61 (diluted)
Q3 FY2025$746M$174M$2.72 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Cullen/Frost Bankers (CFR)?

Short answer · as of

The MoonshotScore pillars rate business quality, an attractive price, positive momentum as strengths.

Research dated 2026-09-13.

Annual revenue and net income advanced in the latest completed period, and trailing profitability measures show substantial operating and net margins with a solid return on equity. The quality screen is constructive overall, but the distress score should not be interpreted without recognizing that Cullen/Frost is a regulated bank rather than an industrial company.

Cash generation has been uneven: operating cash flow rebounded from a negative period, then weakened sharply in the latest quarter as capital spending increased. The balance sheet separately classifies a modest cash and short-term investment balance and a far larger long-term investment balance, so the headline cash figure alone does not describe available financial resources.

Credit deterioration among Frost’s Texas commercial and consumer borrowers is the direct threat to earnings because it would raise charge-offs beyond management’s expected range. Recurring dividends and the recent increase in the per-share payment show a continuing distribution commitment, but that commitment still rests on durable earnings and cash generation.

Sources (as of 2026-09-13): Annual revenue and net result (USD millions); Trailing twelve-month ratio set; Distress and quality screens; Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts; Recent dividends paid; Next scheduled dividend; Dividends per share, last 12 months (split-adjusted)

4 · What to check next?

What should you watch next at Cullen/Frost Bankers (CFR)?

Short answer · as of

Current published price targets run low $155.00 · high $201.00 · consensus $169.86 · median $164.00 against a quoted price of $155.04 (as of Oct 2, 2026).

Research dated 2026-09-13.

Watch whether revenue, operating profit, net income and diluted earnings continue their recent sequential advance when Cullen/Frost reports again. The comparison with expectations also matters because earnings have repeatedly cleared forecasts while revenue results have been less uniform.

The operational test is whether net interest income follows management’s growth outlook under its stated rate assumption while charge-offs remain inside the expected range. Cash flow deserves a separate check: another weak period combined with elevated capital spending would contrast with the steadier earnings pattern.

Longer-range analyst estimates imply continued expansion in revenue and earnings, but the useful confirmation will come from reported results rather than the forecast path. Changes in the split between cash, short-term investments and long-term investments also warrant attention after the pronounced reclassification visible in the recent balance-sheet history.

Sources (as of 2026-09-13): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Management outlook — dated call excerpts; Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Cash and investment components

What the records here don't tell us

  • No forward revenue or earnings estimate is on file.
  • The next earnings date is not yet scheduled in the calendar we read.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does Cullen/Frost Bankers compare with its peers?

Short answer

Cullen/Frost Bankers's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-13.

Cullen/Frost is not merely a generic regional lender spread across unrelated markets; Frost Bank is centered on Texas and serves commercial customers across energy, manufacturing, construction, healthcare, telecommunications, transportation and other local industries. That concentration makes Texas business activity and borrower quality unusually important to the company’s results.

Its offering is broader than loans and deposits, extending into treasury management, international services, correspondent banking, capital markets, custody and investment management. Even with that breadth, reported segment revenue remains dominated by the bank, while Frost Wealth Advisors supplies a smaller complementary stream rather than defining the earnings profile.

Sources (as of 2026-09-13): Sector / industry (provider taxonomy); Business description; SEC filing business address; Revenue by segment

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Woori Financial Group Inc. (WF) Same industry, near in market value$75.21 Oct 2, 2026$18.3B98 5-pillar Oct 5, 2026
Grupo Cibest S.A. (CIB) Same industry, near in market value$91.91 Oct 2, 2026$21.8B98 5-pillar Oct 5, 2026
Zions Bancorporation, National Association (ZION) Named competitor$63.17 Oct 2, 2026$9.22B95 5-pillar Oct 5, 2026
Intercorp Financial Services Inc. (IFS) Same industry, near in market value$53.11 Oct 2, 2026$5.90B95 5-pillar Oct 5, 2026
First BanCorp. (FBP) Same industry, near in market value$27.04 Oct 2, 2026$4.13B94 5-pillar Oct 5, 2026
Cathay General Bancorp (CATY) Same industry, near in market value$60.84 Oct 2, 2026$4.08B94 5-pillar Oct 5, 2026
United Bankshares, Inc. (UBSI) Same industry, near in market value$47.04 Oct 2, 2026$6.48B92 5-pillar Oct 5, 2026
Associated Banc-Corp (ASBA) Same industry, near in market value$25.11 Oct 2, 2026$4.14B92 5-pillar Oct 5, 2026
United Community Banks, Inc. (UCB) Same industry, near in market value$34.11 Oct 2, 2026$4.08B90 5-pillar Oct 5, 2026
Popular, Inc. (BPOP) Named competitor$158.14 Oct 2, 2026$10.1B89 5-pillar Oct 5, 2026
Central Bancompany, Inc. Class A Common Stock (CBC) Same industry, near in market value$32.03 Oct 2, 2026$7.68B89 5-pillar Oct 5, 2026
Old National Bancorp (ONB) Named competitor$24.96 Oct 2, 2026$9.55B80 5-pillar Oct 5, 2026
Cullen/Frost Bankers (CFR) — this page$155.04$9.64B77

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Financial Services stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$155.00 – $201.00
Consensus target
$169.86
Median target
$164.00

Consensus record · Captured .

Measured against a quoted price of $155.04 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Jun 12, 2026

Transactions
14
Identified insiders
14
Purchases
0
Sales
1
Other transactions
13

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

What has been published about Cullen/Frost Bankers (CFR)?

Read these with our analysis →

What Investors Ask About Cullen/Frost Bankers (CFR) — Financial Services

Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

What does Frost Bank sell to Texas commercial customers?

Frost provides financing for property, construction, equipment, working capital and acquisitions, then deepens those relationships through treasury management, international banking and capital-markets services.

Sources (as of 2026-09-13): Business description

How important is Frost Wealth Advisors to Cullen/Frost?

Frost Wealth Advisors adds trust and investment-management exposure, but reported segment revenue remains heavily concentrated in the bank. Wealth services complement the banking relationship rather than replacing lending and deposit economics as the main earnings engine.

Sources (as of 2026-09-13): Revenue by segment; Business description

Why can Cullen/Frost’s cash balance look small beside its investments?

The balance sheet classifies most combined cash and investments as long-term investments, leaving only a modest amount in cash and short-term investments. Reading the cash line without the investment classification gives an incomplete picture of financial resources.

Sources (as of 2026-09-13): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions)

What would confirm Cullen/Frost’s net interest income outlook?

Confirmation would require reported net interest income to follow management’s growth range under the stated rate assumption, with charge-offs remaining contained. Continued earnings progress without another sharp weakening in operating cash flow would strengthen that evidence.

Sources (as of 2026-09-13): Management outlook — dated call excerpts; Next earnings report; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

What is the CFR stock price today?

The last price recorded on this page for Cullen/Frost Bankers, Inc. (CFR) is $155.04, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the CFR price target?

The analyst consensus price target for Cullen/Frost Bankers, Inc. (CFR) is $169.86 (range $155.00 to $201.00, median $164.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-13): Legal name; Business description; Revenue by segment; Annual revenue and net result (USD millions); Management outlook — dated call excerpts

Sources — records for every figure on this page (23 figures)

The 23 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business addressSAN Antonio, TXOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "111 West Houston Street, San Antonio, TX, 78205, US".

FMP — 18 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$155.04FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:52.793Z.
px.changeChange on the day+1.02%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalization$9.64BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-04. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$1.56FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$577MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$119.00–$170.80FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)14.61FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day322.7KFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.51FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executivePhillip D. GreenFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees6,008FMPFinancial Modeling Prep (FMP) company profile
fin.annualRevenue and net result by fiscal year5 fiscal years, FY1970 through FY2025: FY1970 revenue $0.00, net result $0.00; FY2022 revenue $0.00, net result $0.00; FY2023 revenue $0.00, net result $0.00; FY2024 revenue $0.00, net result $0.00; FY2025 revenue $0.00, net result $0.00FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
earn.ptStored analyst price targetslow $155.00 · high $201.00 · consensus $169.86 · median $164.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_rangeAnalyst price target, low to high$155.00 – $201.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$169.86FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$164.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP14 transactions · 0 purchases, 1 sales, 13 other transactions · 14 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Jun 12, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 8 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-02 · Expired observation
fin.scoresDistress and quality screensAltman Z 0.25 · Piotroski F 6UNRECORDEDStored financial-scores observation — Captured 2026-10-04 · Expired observation

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v277 of 100 · Strong · pillars 80 / 55 / 78 / 58 / 75OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement76 (stored snapshot Oct 4, 2026) → 77 (current publication computed Oct 5, 2026) (+1)OURSStock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
CULLEN/FROST BANKERS, INC.

Our market-data provider lists the name as "Cullen/Frost Bankers, Inc."; the filer's own record is used here.

2026-02-05OFFICIALSEC EDGAR — 10-K filed 2026-02-05
Business description
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services. It also provides consumer banking services, such as checking accounts, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, first mortgage 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 transmitting, and foreign exchange services; correspondent banking activities, including check clearing, transfer of funds, fixed income security services, and securities custody and clearance services. Further, it offers trust, investment, agency, and custodial services for individual and corporate clients; capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and support for international business activities, including foreign exchange, letters of credit, export-import financing, and other related activities. Additionally, the company offers insurance and securities brokerage services; holding of securities for investment purposes; and investment management services for mutual funds, institutions, and individuals. It 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.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Bank: $2.03B; Frost Wealth Advisors: $217.35M
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $0, Revenue: $2.92B, Period end: 2025-12-31, Net result: $648.56M
  • FY2024 — R&D: $0, Revenue: $2.85B, Period end: 2024-12-31, Net result: $582.54M
  • FY2023 — R&D: $0, Revenue: $2.65B, Period end: 2023-12-31, Net result: $597.97M
  • FY2022 — R&D: $0, Revenue: $1.88B, Period end: 2022-12-31, Net result: $579.15M
  • FY2021 — R&D: $0, Revenue: $1.40B, Period end: 2021-12-31, Net result: $443.08M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Management outlook — dated call excerpts
Captured record · 3 entries
  • Call of 2026-07-30 — Quote: We expect net interest income growth for the full-year to fall in the range of 4.75% to 5.25%., Speaker: Daniel J. Geddes
  • Call of 2026-07-30 — Quote: Regarding our guidance for full-year 2026, our current outlook includes 25 basis point hike for the Fed funds rate in the third quarter., Speaker: Daniel J. Geddes
  • Call of 2026-07-30 — Quote: Regarding net charge-offs, we expect full-year 2026 to be in the range of 15 to 20 basis points of average loans Our effective tax rate expectation for full-year 2026 is in the range of 15.5% to 16%, lowering the upper end from 16.5% in the prior quarter., Speaker: Daniel J. Geddes

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-30OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $2.7 per share, SG&A: $287.27M, EPS basic: $2.7 per share, EPS basis: diluted, Revenue: $576.97M, EPS diluted: $2.7 per share, Net result: $172.06M, Gross profit: $570.23M, Operating result: $204.54M
  • Quarter ended 2026-03-31 — EPS: $2.65 per share, SG&A: $287.27M, EPS basic: $2.65 per share, EPS basis: diluted, Revenue: $574.84M, EPS diluted: $2.65 per share, Net result: $170.99M, Gross profit: $568.09M, Operating result: $202.41M
  • Quarter ended 2025-12-31 — EPS: $2.56 per share, SG&A: $264.09M, EPS basic: $2.59 per share, EPS basis: diluted, Revenue: $745.92M, EPS diluted: $2.56 per share, Net result: $166.25M, Gross profit: $569.65M, Operating result: $197.98M
  • Quarter ended 2025-09-30 — EPS: $2.67 per share, SG&A: $209.95M, EPS basic: $2.67 per share, EPS basis: diluted, Revenue: $745.56M, EPS diluted: $2.67 per share, Net result: $174.38M, Gross profit: $560.49M, Operating result: $208.01M
  • Quarter ended 2025-06-30 — EPS: $2.39 per share, SG&A: $201.56M, EPS basic: $2.39 per share, EPS basis: diluted, Revenue: $719.23M, EPS diluted: $2.39 per share, Net result: $157.00M, Gross profit: $533.75M, Operating result: $186.62M
  • Quarter ended 2025-03-31 — EPS: $2.3 per share, SG&A: $210.20M, EPS basic: $2.3 per share, EPS basis: diluted, Revenue: $709.13M, EPS diluted: $2.3 per share, Net result: $150.92M, Gross profit: $527.16M, Operating result: $179.09M
  • Quarter ended 2024-12-31 — EPS: $2.36 per share, SG&A: $252.46M, EPS basic: $2.37 per share, EPS basis: diluted, Revenue: $723.52M, EPS diluted: $2.36 per share, Net result: $154.85M, Gross profit: $520.18M, Operating result: $184.01M
  • Quarter ended 2024-09-30 — EPS: $2.24 per share, SG&A: $192.94M, EPS basic: $2.24 per share, EPS basis: diluted, Revenue: $721.87M, EPS diluted: $2.24 per share, Net result: $146.50M, Gross profit: $498.65M, Operating result: $175.24M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$60.08M, Operating cash flow: $52.94M
  • Quarter ended 2026-03-31 — Capital expenditure: -$38.60M, Operating cash flow: $237.32M
  • Quarter ended 2025-12-31 — Capital expenditure: -$42.52M, Operating cash flow: $180.74M
  • Quarter ended 2025-09-30 — Capital expenditure: $67.22M, Operating cash flow: $248.58M
  • Quarter ended 2025-06-30 — Capital expenditure: -$26.26M, Operating cash flow: $140.77M
  • Quarter ended 2025-03-31 — Capital expenditure: -$40.95M, Operating cash flow: -$296.11M
  • Quarter ended 2024-12-31 — Capital expenditure: -$37.65M, Operating cash flow: $64.30M
  • Quarter ended 2024-09-30 — Capital expenditure: -$25.33M, Operating cash flow: $307.22M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-30 — EPS actual: $2.7 per share, EPS estimated: $2.55 per share, Revenue actual: $598.35M, Revenue estimated: $589.71M
  • Reported 2026-04-30 — EPS actual: $2.65 per share, EPS estimated: $2.48 per share, Revenue actual: $597.11M, Revenue estimated: $587.28M
  • Reported 2026-01-29 — EPS actual: $2.57 per share, EPS estimated: $2.47 per share, Revenue actual: $603.38M, Revenue estimated: $578.31M
  • Reported 2025-10-30 — EPS actual: $2.67 per share, EPS estimated: $2.38 per share, Revenue actual: $567.08M, Revenue estimated: $563.65M
  • Reported 2025-07-31 — EPS actual: $2.39 per share, EPS estimated: $2.28 per share, Revenue actual: $546.88M, Revenue estimated: $567.76M
  • Reported 2025-05-01 — EPS actual: $2.3 per share, EPS estimated: $2.16 per share, Revenue actual: $540.23M, Revenue estimated: $538.34M
  • Reported 2025-01-30 — EPS actual: $2.36 per share, EPS estimated: $2.17 per share, Revenue actual: $536.34M, Revenue estimated: $541.08M
  • Reported 2024-10-31 — EPS actual: $2.24 per share, EPS estimated: $2.17 per share, Revenue actual: $608.16M, Revenue estimated: $523.64M
2026-07-30FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-07-30OFFICIALSEC EDGAR filer submissions
Trailing twelve-month ratio set
Quick ratio: 0.19; Current ratio: 0.19; Debt to equity: 1.17; Net margin: 25.9%; Gross margin: 85.8%; Operating margin: 30.8%; Return on assets: 1.3%; Return on equity: 15%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-13FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: 0.25; Piotroski F-score: 6

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-13FMPFinancial Modeling Prep (FMP) financial scores
Cash, investments and debt
Total debt: $5.42B; Liquidity basis: cash and short-term investments; Total liabilities: $49.26B; Cash and short-term investments: $697.70M; Cash and investments: $50.73B; Long-term investments: $50.03B; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $50.73B; Cash and short-term investments: $697.70M; Long-term investments: $50.03B; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $697.70M, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $638.80M, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $9.98B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $18.62B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $17.62B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $9.25B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $25.26B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $24.51B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-08-31, Payment date: 2026-09-15, Amount per share: $1.03
  • Ex date: 2026-05-29, Payment date: 2026-06-15, Amount per share: $1.03
  • Ex date: 2026-02-27, Payment date: 2026-03-13, Amount per share: $1
  • Ex date: 2025-11-28, Payment date: 2025-12-15, Amount per share: $1

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-08-31FMPFinancial Modeling Prep (FMP) dividend history
Next scheduled dividend
Ex date: 2026-08-31; Declared on: 2026-07-29; Record date: 2026-08-31; Payment date: 2026-09-15; Amount per share: $1.03

Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement.

2026-07-29FMPFinancial Modeling Prep (FMP) dividend calendar
Dividends per share, last 12 months (split-adjusted)
$4.06

Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-09-13, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.

2026-08-31COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history
Next earnings report
Date: 2026-10-29; EPS estimate: $2.8 per share; Revenue estimate: $609.85M

The date is our provider's estimate until the company confirms it.

2026-09-13FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2025 — EPS average: $9.84 per share, Revenue average: $2.27B, Revenue low: $2.21B, Revenue high: $2.28B, Analysts (revenue): 7
  • FY2026 — EPS average: $10.99 per share, Revenue average: $2.42B, Revenue low: $2.36B, Revenue high: $2.43B, Analysts (revenue): 8
  • FY2027 — EPS average: $11.81 per share, Revenue average: $2.56B, Revenue low: $2.52B, Revenue high: $2.59B, Analysts (revenue): 8
  • FY2028 — EPS average: $12.43 per share, Revenue average: $2.66B, Revenue low: $2.56B, Revenue high: $2.81B, Analysts (revenue): 5
2026-09-13FMPFinancial Modeling Prep (FMP) analyst estimates
Sector / industry (provider taxonomy)
Financial Services / Banks - Regional

The company's SEC filings classify it under SIC 6021 — National Commercial Banks.

2026-09-13FMPFinancial Modeling Prep (FMP) company profile
SEC filing business address
111 W HOUSTON ST, SAN ANTONIO, TX, 78205

The SEC filer business address. Our market-data provider separately lists "111 West Houston Street, San Antonio, TX, 78205, US".

2026-09-13OFFICIALSEC EDGAR filer business address
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.