Cullen/Frost Bankers, Inc. (CFR)

Over the past six months, Cullen/Frost Bankers, Inc. has reported several key earnings. In Q1 2025, net income was $149.3 million, with EPS at $2.30. Net interest income increased by 6.1% to $436.4 million, and average loans grew by 8.8% to $20.8 billion. The board approved a 5.3% increase in the quarterly dividend to $1.00 per share. In Q2 2025, net income was $155.3 million, with diluted EPS at $2.39. Net interest income rose 7.9% to $450.6 million, and average loans grew 7.2% to $21.1 billion. The board declared a Q3 cash dividend of $1.00 per common share. In Q3 2025, net income available to common shareholders was $172.7 million, with diluted EPS of $2.67, exceeding analysts' expectations. Net interest income was $463.7 million, up 9.1% year-over-year. Average loans rose to $21.5 billion. The board declared a $1.00 common dividend payable December 15, 2025. These reports indicate positive sentiment and could have positively impacted the stock price.

Cullen/Frost Bankers, Inc. experiences demand seasonality, particularly concerning deposits, with weaker flows in the first half of the year and stronger flows in the latter half, primarily driven by commercial non-interest-bearing deposits. While overall deposits were down linked-quarter in Q1 2025, this was attributed to these seasonal trends, with April deposit balances showing a rebound.

Cullen/Frost Bankers, Inc. is a financial services holding company based in San Antonio, Texas, founded in 1868. It operates in the regional banks industry, providing financial solutions through Frost Bank, its primary subsidiary. The company offers commercial and consumer banking, wealth management, trust services, and investment banking. For commercial clients, Cullen/Frost provides financing for properties, equipment, and acquisitions, along with treasury management services. Consumer services include checking and savings accounts, loans, and brokerage services. The company also offers credit cards, commercial real estate loans, agricultural loans, and investment products through its wealth management division, as well as insurance, securities brokerage, international banking, and capital market services.

Cullen/Frost Bankers, Inc. primarily operates within Texas, serving individuals and businesses across regions including Austin, Corpus Christi, Dallas, Fort Worth, Houston, the Permian Basin, the Rio Grande Valley, and San Antonio. Frost Bank is recognized as one of the largest independent banks in Texas.

Cullen/Frost Bankers, Inc. maintains a strong brand reputation, particularly for its commitment to customer experience. Frost has been recognized by J.D. Power as number one in Texas for consumer banking satisfaction for 16 consecutive years. The company has a net impact ratio of 40.7%, indicating an overall positive sustainability impact, with significant positive value in areas such as Societal Infrastructure, Jobs, and Taxes. No significant negative events impacting Cullen/Frost Bankers' reputation in the past year were found.

Cullen/Frost Bankers, Inc. is predominantly owned by institutional shareholders, who hold 86.83% of the stock. Insiders own 11.14%, and retail investors hold 2.03%. Major institutional owners include Vanguard Group Inc., Blackrock Inc., and Aristotle Capital Management LLC. The largest individual shareholder is Jack A. Wood, who owns 2.10 million shares, representing 3.28% of the company.