Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
17 March 1980Website:
http://www.frostbank.comNext earnings report:
26 July 2024Last dividends:
31 May 2024Next dividends:
N/APrice
after hours | Fri, 28 Jun 2024 21:29:10 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
CFR Latest News
Cullen/Frost's (CFR) strong balance sheet position and solid net interest income are positives. Escalating costs are likely to impede growth.
Texas regional bank Cullen/Frost Bankers has underperformed the SPDR S&P Regional Banking ETF in the past three months. CFR trades at a higher price to book value and P/E ratio compared to the regional bank average. CFR has strong market share in Texas, is well-capitalized, and has conservative loan underwriting, making it an attractive investment.
Cullen/Frost's first-quarter earnings exceeded expectations due to increased non-interest income and loan balances. However, lower net interest income, elevated expenses, and higher provisions were drawbacks.
Cullen/Frost Bankers (CFR) reported quarterly earnings of $2.15 per share, surpassing the Zacks Consensus Estimate of $2.13 per share. This is lower than the earnings of $2.70 per share from the same quarter last year.
The key figures for Cullen/Frost (CFR) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to compare certain metrics to analyst forecasts and previous year's results.
Cullen/Frost's (CFR) strong loan book, solid NII and steady capital distribution activities are positives. However, the company is affected by mounting costs and an undiversified loan portfolio.
Phil Green, Frost Bank chair and CEO, joins 'The Exchange' to discuss pressures on regional banks based on geography, commercial real estate, and more.
Cullen/Frost's (CFR) Q4 earnings are favorably impacted by an increase in non-interest income. However, an increase in expenses and deteriorating credit quality are concerning.
Cullen/Frost Bankers, Inc. (CFR) Q4 2023 Earnings Call Transcript
While the top- and bottom-line numbers for Cullen/Frost (CFR) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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What type of business is Cullen/Frost Bankers?
Cullen/Frost Bankers, Inc. is a financial holding company that provides a wide range of banking products and services through its subsidiaries in Texas. Founded by Thomas Frost in 1868, the headquarters is located in San Antonio, Texas. The company operates through more than 140 branches in the state of Texas and offers a full range of banking services, as well as investment management, brokerage services, insurance, leasing, and other financial services. Cullen/Frost Bankers, Inc. serves private clients and companies from various industries, including energy, manufacturing, services, construction, retail, telecommunications, healthcare, defense, and transportation.
What sector is Cullen/Frost Bankers in?
Cullen/Frost Bankers is in the Financial Services sector
What industry is Cullen/Frost Bankers in?
Cullen/Frost Bankers is in the Banks - Regional industry
What country is Cullen/Frost Bankers from?
Cullen/Frost Bankers is headquartered in United States
When did Cullen/Frost Bankers go public?
Cullen/Frost Bankers initial public offering (IPO) was on 17 March 1980
What is Cullen/Frost Bankers website?
https://www.frostbank.com
Is Cullen/Frost Bankers in the S&P 500?
No, Cullen/Frost Bankers is not included in the S&P 500 index
Is Cullen/Frost Bankers in the NASDAQ 100?
No, Cullen/Frost Bankers is not included in the NASDAQ 100 index
Is Cullen/Frost Bankers in the Dow Jones?
No, Cullen/Frost Bankers is not included in the Dow Jones index
When does Cullen/Frost Bankers report earnings?
The next expected earnings date for Cullen/Frost Bankers is 26 July 2024