Cullen/Frost Bankers, Inc. (CFR)

In the past six months, Cullen/Frost Bankers, Inc. reported its third and fourth-quarter 2025 earnings. The third quarter saw net income available to common shareholders increase to $172.7 million, or $2.67 per diluted common share. Fourth-quarter earnings reported an EPS of $2.56 and revenue of $580.87 million, beating EPS expectations but missing revenue expectations. For the full year 2025, Cullen/Frost Bankers, Inc. reported net income available to common shareholders of $642 million. Analyst commentary in late March 2026 noted concerns about slowing revenue growth, projected declines in tangible book value, and softer capital generation. Despite this, the stock has shown a 3.8% 90-day share price return and a 10.8% one-year total shareholder return as of March 30, 2026.

Cullen/Frost Bankers, Inc. experiences seasonal patterns in its deposit flows, with management noting usual seasonal strength in the back half of the year. Loan growth has been steady, and the company's expansion strategy has contributed significantly to both loan and deposit growth. The company's revenue momentum is also influenced by the economic dynamism and population growth in Texas, which drives loan demand. Investment management fees are generally based on the market value of assets, making them susceptible to price movements in equity and bond markets.

Cullen/Frost Bankers, Inc. offers a comprehensive suite of financial products and services to businesses and individuals, including commercial lending, deposit services, cash management, and trade finance. For consumers, Frost Bank provides checking accounts, savings programs, ATMs, overdraft facilities, installment and real estate loans, first mortgage loans, home equity loans, and lines of credit. The company's wealth management arm delivers trust and estate administration, investment advisory, brokerage, and retirement planning services. Additionally, its insurance subsidiary offers property and casualty, life, and health coverage. Cullen/Frost also provides specialized services such as international banking, correspondent banking, and capital markets services, serving diverse industries including energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation.

Cullen/Frost Bankers, Inc. focuses exclusively on the Texas market, operating through Frost Bank with an extensive network of banking centers and loan-production offices across major Texas regions. Key areas of operation include Austin, Corpus Christi, Dallas, Fort Worth, the Gulf Coast, Houston, the Permian Basin, the Rio Grande Valley, and San Antonio. The company has been actively expanding its branch network through an organic growth program since late 2018, adding locations in markets like Fort Worth and communities near Austin.

Cullen/Frost Bankers, Inc. has maintained a strong brand reputation, particularly in customer satisfaction. Frost Bank ranked highest in Texas for retail banking customer satisfaction in the J.D. Power 2026 U.S. Retail Banking Satisfaction Study for the 17th consecutive year. Frost achieved an overall satisfaction index score of 757, which was 76 points above the Texas region average, and ranked No. 1 across all eight study dimensions. The company also highlighted its 16th consecutive J.D. Power award for Best Retail Banking experience in Texas in its 2025 results.

Cullen/Frost Bankers, Inc. has significant institutional ownership, with 86.92% of its stock held by institutions, including BlackRock, Inc., Vanguard Group Inc, Aristotle Capital Management, LLC, State Street Corp, and King Luther Capital Management Corp. Individual insiders own 1.14% of the stock, while retail investors hold 1.79%. Jack A. Wood is the largest individual shareholder, owning 2.10 million shares, representing 3.32% of the company. In the past three months, insiders have sold more company stock than they have bought, with sales totaling $137,070.00.