CFR

Cullen/Frost Bankers Inc

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135.060

-0.22(-0.163%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

135.900

Open

135.900

VWAP

Vol

278.84K

Mkt Cap

8.68B

Low

134.570

Amount

EV/EBITDA(TTM)

17.11

Total Shares

64.25M

12.79B

EV/OCF(TTM)

7.15

P/S(TTM)

4.37

Cullen/Frost Bankers, Inc. is a financial holding company and a bank holding company. The Company provides an array of products and services throughout numerous Texas markets. The Company's segments include Banking and Frost Wealth Advisors. The Banking segment includes both commercial and consumer banking services and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products. Consumer banking services include direct lending and depository services. Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and securities brokerage services.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

571.24M

+2.64%

2.338

-0.92%

562.92M

+4.46%

2.337

+4.33%

552.04M

+4.39%

2.290

+3.63%

Estimates Revision

The market is revising Upward the revenue expectations for Cullen/Frost Bankers, Inc. (CFR) for FY2025, with the revenue forecasts being adjusted by 1.02% over the past three months. During the same period, the stock price has changed by 15.96%.

Revenue Estimates for FY2025

Revise Upward

+1.02%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3%

In Past 3 Month

Stock Price

Go Up

+15.96%

In Past 3 Month

12 Analyst Rating

0.88% Upside

Wall Street analysts forecast CFR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CFR is 136.25 USD with a low forecast of 105.00 USD and a high forecast of 156.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

6 Hold

3 Sell

Hold

0.88% Upside

Current: 135.060

Low

105.00

Averages

136.25

High

156.00

0.88% Upside

Current: 135.060

Low

105.00

Averages

136.25

High

156.00

BofA

Ebrahim Poonawala

Buy

maintain

$147 -> $156

2025-07-13

Reason

BofA

Ebrahim Poonawala

Price Target

$147 -> $156

2025-07-13

maintain

Buy

Reason

BofA analyst Ebrahim Poonawala raised the firm's price target on Cullen/Frost to $156 from $147 and keeps a Buy rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but "resilient" earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.

Raymond James

Market Perform

Outperform

upgrade

$150

2025-07-08

Reason

Raymond James

Price Target

$150

2025-07-08

upgrade

Market Perform

Outperform

Reason

Raymond James upgraded Cullen/Frost to Outperform from Market Perform with a $150 price target. The firm's positive thesis is based on the positive net interest margin and net interest income benefits from the repricing its large securities portfolio in a higher-for-longer rate environment, which should contribute to an expected upward revision to its 2025 NII outlook with 2Q25 earnings, the analyst tells investors in a research note. The firm sees the potential for a beat and raise quarter which will drive relative nearer-term outperformance of the shares.

Barclays

Equal Weight

maintain

$135 -> $155

2025-07-08

Reason

Barclays

Price Target

$135 -> $155

2025-07-08

maintain

Equal Weight

Reason

Barclays raised the firm's price target on Cullen/Frost to $155 from $135 and keeps an Equal Weight rating on the shares as part of a Q2 earnings preview for the mid-cap banks. The firm believes valuations in the group still largely underappreciate an improving operating and regulatory backdrop.

Morgan Stanley

Underweight

maintain

$110 -> $125

2025-07-03

Reason

Morgan Stanley

Price Target

$110 -> $125

2025-07-03

maintain

Underweight

Reason

Morgan Stanley raised the firm's price target on Cullen/Frost to $125 from $110 and keeps an Underweight rating on the shares. Midcap banks are trading at their widest discount to the largest banks in over 10 years, and the setup is positive going into earnings with green shoots on loan acceleration, benign credit and ongoing benefits to net interest income, the analyst tells investors in a research note.

Jefferies

David Chiaverini

Underperform

initiated

$105

2025-05-20

Reason

Jefferies

David Chiaverini

Price Target

$105

2025-05-20

initiated

Underperform

Reason

Jefferies analyst David Chiaverini initiated coverage of Cullen/Frost with an Underperform rating and $105 price target. The firm initiating coverage of 32 regional and mid-cap banks with a "constructive outlook." Despite tariff uncertainty, several factors could positively impact banks, including a rebound in loan growth as the U.S. avoids a recession, net interest margin expansion with a steeper yield curve, "resilient" credit metrics, excess capital "to play offense or defense," and attractive valuations, the analyst tells investors in a research note. Jefferies' top regional bank top picks are Huntington Bancshares (HBAN), M&T Bank (MTB) and Fifth Third (FITB). The firm's mid-cap top picks are Flagstar Financial (FLG), Axos Financial (AX) and Western Alliance (WAL).

Barclays

Jared Shaw

Hold

Initiates

$130

2025-04-01

Reason

Barclays

Jared Shaw

Price Target

$130

2025-04-01

Initiates

Hold

Reason

Barclays analyst Jared Shaw initiated coverage of Cullen/Frost with an Equal Weight rating and $130 price target. The bank possesses one of the strongest organic growth profiles in the group while also maintaining among the highest levels of both capital and liquidity, the analyst tells investors in a research note. However, the firm says Cullen/Frost's interest rate sensitivity profile and a "show-me story on expenses" add to the risk that the bank could see below-average earnings and capital growth over the next few years.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Cullen/Frost Bankers Inc (CFR.N) is 14.40, compared to its 5-year average forward P/E of 14.88. For a more detailed relative valuation and DCF analysis to assess Cullen/Frost Bankers Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

14.88

Current PE

14.40

Overvalued PE

18.06

Undervalued PE

11.71

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.06

Current PS

3.83

Overvalued PS

4.88

Undervalued PS

3.23