CFR's net interest income has climbed roughly 18% from $396.7M in Q2 2024 to $467.9M in Q3 2026, and total assets grew about 12% to $54.5B, suggesting balance sheet expansion, largely through securities, is currently doing most of the earnings work.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Net interest income rose from $396.7M in Q2 2024 to $467.9M in Q3 2026 and EPS reached $2.84, though the Q1 and Q2 2026 provisions of $132.7M each compressed earnings quality and pushed the efficiency ratio above 83%.
Cullen/Frost Bankers operates primarily in Texas, a growing economic region. The company emphasizes an organic growth model and a relationship-focused approach, expanding its branch network and investing in digital banking tools to serve its customer base.
In 2025, Cullen/Frost Bankers' revenue increased by 9.62% year-over-year to $2.19 billion, and earnings rose by 11.56% to $635.47 million. Its trailing twelve-month revenue was $2.2 billion, with a net income of $648.6 million, reflecting a 29.0% net profit margin.
As of late April 2026, 19 analysts provided forecasts, with an average price target of $150.60, implying a potential increase of 6.5%. Another analysis of 27 Wall Street analysts shows a neutral consensus with a median price target of $150.00 and an overall analyst rating of 'Buy' (6.1/10).
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $2.84+1.4% vs $2.80 | $604M-1.0% vs $610M |
Q3 2026 Jul 30, 2026 | $2.70+5.9% vs $2.55 | $598M+1.5% vs $590M |
Q2 2026 Apr 30, 2026 | $2.65+6.9% vs $2.48 | $597M+1.7% vs $587M |
Q1 2026 Jan 29, 2026 | $2.57+4.0% vs $2.47 | $603M+4.3% vs $578M |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Cullen/Frost (CFR) have what it takes?
Frost's expanded Rockets relationship and first professional women's sports team partnership signals a deeper investment in Houston sports, fans and communities HOUSTON, Oct. 21, 2026 /PRNewswire/ -- Frost Bank today announced an expanded partnership with the Houston Rockets and a new partnership with the Houston Comets, becoming the Official Bank of both teams. The designation marks Frost's first partnership with a professional women's sports team and expands its longstanding relationship with the Rockets.
Cullen/Frost Bankers remains a 'hold' as shares are expensive despite strong fundamentals and robust asset quality. CFR's net interest margin, profitability, and balance sheet have improved, but valuation multiples are above preferred levels both absolutely and relatively. Management is actively reallocating assets toward higher-yielding securities and loans, accepting more leverage to boost returns.
Cullen/Frost (CFR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Benchmark CFR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Cullen/Frost Bankers, Inc. (CFR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $155.23 | $9.75B | 13.98 | 8.31% | 29.51% | 15.58% | 2.57% | |
| $129.48 | $7.87B | 11.62 | 9.59% | 29.56% | 11.21% | 1.87% | |
| $151.27 | $10.2B | 11.20 | 11.23% | 31.57% | 12.54% | 1.66% | |
| $23.04 | $10.94B | 15.34 | 10.5% | 23.4% | 7.66% | 2.75% | |
| $67.57 | $4.2B | 10.21 | 0.74% | 100.94% | 12.66% | 2.07% | |
| $103.34 | $4.49B | 12.41 | 34.69% | 28.63% | 10.11% | 0.37% |
Cullen/Frost Bankers, Inc. (CFR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Cullen/Frost Bankers, Inc. (CFR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 29, 2026·SEC
Oct 29, 2026·SEC
Aug 17, 2026·SEC
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Cullen/Frost Bankers, Inc. (CFR) stock FAQ — growth, dividends, profitability & financials explained
Cullen/Frost Bankers, Inc. (CFR) grew revenue by 6.7% over the trailing twelve months, compared with the twelve months before.
Yes. Cullen/Frost Bankers, Inc. (CFR) earned $689.5M in net income over the trailing twelve months (a 29.5% net margin).
Yes. Cullen/Frost Bankers, Inc. (CFR) pays a dividend that yields 2.57% at the current price, a moderate yield.
Cullen/Frost Bankers, Inc. (CFR) had a return on equity (ROE) of 15.6% over the trailing twelve months. That is above the market's typical 10-15%.
Cullen/Frost Bankers, Inc. (CFR) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.
Cullen/Frost Bankers, Inc. (CFR) has an efficiency ratio of 63.5%. This is reasonable for a bank.
