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Cullen/Frost Bankers, Inc.
NYSE: CFR Financials Bank 🔎 Screen
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 80 Ready View all →
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$10.5B
Market Cap
12.8
P/E
2.55
PEG
ROCE
15.3%
ROE
0.05
D/E
OPM
-3.9%
% from 52W High
74
α RS
🔍 CFR is showing a high-conviction setup because it matches 3 of 37 tracked screener presets, RS Rating is 74, and it's within 3.9% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating 52W High
Sources
Conviction 3/37 · RS Rating 74 · 3.9% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for CFR including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding CFR
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 91.9K $12.6M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Cullen/Frost Q1 2026 net income $169.3M, EPS $2.65
Revenue & Profitability
Net income for Q1 2026 was $169.3 million, up 13.4% from $149.3 million a year ago. EPS was $2.65, up 15.2% from $2.30. Return on average assets was 1.32% (vs 1.19%), and return on average common equity was 15.15% (vs 15.54%). Net interest margin was 3.74%, up 8 basis points from the prior quarter.
Outlook
Management's current outlook includes a 125 basis point cut in the Fed funds rate in the fourth quarter of 2026. No other macro industry demand commentary was provided.
Growth Drivers
Organic branch expansion in Houston, Dallas, Austin, and other markets is a key growth driver. Consumer checking households grew 5.3% year-over-year, and consumer loan balances increased 19%. New commercial relationships exceeded 1,000 for the fourth consecutive quarter, with 46% from too-big-to-fail banks. The loan pipeline reached an all-time high of $6.8 billion gross and $2 billion weighted.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Net interest margin was 3.74%, up 8 basis points from the prior quarter, partly due to lower interest-bearing deposits and repos. The cost of interest-bearing deposits fell 20 basis points to 1.55%, and customer repo costs fell 17 basis points to 2.70%. FDIC deposit expense was up $8.6 million due to a reversal of a special accrual in the prior quarter.
Key Risks
Total problem loans (risk grade 10 or higher) increased to $989 million from $857 million in the prior quarter. Non-performing assets were stable at $73 million. Management expects some large resolutions in the second and third quarters. Net charge-offs were $5.8 million, unchanged from the prior quarter.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Q2 2026 saw strong earnings growth, record loan pipelines, and robust organic expansion, with net income up 9.7% and EPS up 13% year-over-year. Guidance for 2026 was raised for net interest income, loan growth, and fee income, while expense growth was lowered.
Q1 2026 Q1 2026 2026-04-30
Q1 2026 saw strong growth in net income, EPS, and loan balances, with record new commercial relationships and robust consumer loan growth. Net interest margin improved, while credit quality remained stable. Expansion and organic growth strategies continue to drive performance.
Q4 2025 Q4 2025 2026-01-29
Second quarter 2025 saw strong year-over-year growth in loans, deposits, and earnings, driven by expansion markets and organic strategy. Guidance for 2025 was raised for net interest income and non-interest income, with continued focus on dividend protection and organic growth.
Q3 2025 Q3 2025 2025-10-30
Q3 2025 saw 19% EPS growth, strong loan and deposit increases, and record consumer and mortgage activity. Expansion branches are now accretive, credit quality remains robust, and 2025 guidance was raised for NII and fee income growth.
Q2 2025 Q2 2025 2025-07-31
Second quarter 2025 saw strong earnings growth, margin expansion, and robust loan and deposit increases, driven by ongoing Texas market expansion. Guidance for 2025 was raised for net interest income and non-interest income, with continued focus on organic growth and dividend protection.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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