Cullen/Frost Bankers, Inc. (CFR)

Over the past six months, Cullen/Frost Bankers, Inc. stock has been impacted by its consistent earnings performance and strategic financial decisions. In Q4 2025, the company reported EPS of $2.56, exceeding expectations, with revenue of $603.38 million, also surpassing estimates, leading to a stock increase. Average deposits and loans grew year-over-year, and the board declared a dividend and authorized a share repurchase program. In Q3 2025, CFR posted an EPS of $2.67, beating estimates, with net interest income growth. In Q2 2025, the company reported an EPS of $2.39, exceeding estimates, with new loan commitments and commercial relationships increasing. In Q1 2025, CFR delivered an EPS of $2.30, a significant increase from the previous year, with net income rising and the board approving a dividend increase.

Cullen/Frost Bankers, Inc. experiences some demand seasonality, particularly concerning deposit balances. In Q1 2025, overall deposits were down linked-quarter due to seasonal trends in non-interest-bearing accounts, but April deposit balances showed a rebound. The company's performance is also sensitive to the overall health of the Texas economy.

Cullen/Frost Bankers, Inc. is a financial holding company based in San Antonio, Texas, operating through its subsidiary, Frost Bank. Frost Bank, established in 1868, is a leading independent bank in Texas and one of the 50 largest U.S. banks. The company offers a range of financial products and services, including commercial and consumer banking, direct lending, real estate loans, treasury management, credit cards, and agricultural loans. Through Frost Wealth Advisors, they provide fee-based services such as private trust, retirement services, financial management, investment products, investment banking, insurance, brokerage, capital markets advisory, and item processing.

Cullen/Frost Bankers, Inc. focuses exclusively on the Texas market with a significant presence across various regions, including Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley, and San Antonio. As of December 31, 2025, the company had approximately 204 financial centers across Texas, marking a 50% increase in locations since December 2018. The company is actively expanding its footprint in high-growth areas within Texas, such as Houston, Dallas, and Austin.

Cullen/Frost Bankers, Inc. maintains a strong brand reputation, particularly for its customer experience. Frost was recognized by J.D. Power for consumer banking satisfaction in Texas for the 16th consecutive year. The company's deep-rooted presence in Texas and its relationship-based approach to banking have fostered a loyal customer base. Regional advisory boards reinforce its commitment to community-centric banking solutions. No significant negative events impacting the company's reputation were found.

Cullen/Frost Bankers, Inc. is primarily owned by institutional shareholders (87.00%), with insiders holding 11.14% and retail investors holding 1.86%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Aristotle Capital Management, LLC, State Street Corp, Champlain Investment Partners, LLC and Neuberger Berman Group LLC. The largest individual shareholder is Jack A. Wood, owning 3.28% of the company.