CFR

Cullen/Frost Bankers, Inc. reported first-quarter 2026 results on April 30, 2026, with net income rising to US$170.99 million and earnings per share increasing to US$2.65, alongside higher common and preferred dividends declared for June 15, 2026. The quarter also highlighted the ongoing payoff from Cullen/Frost’s Texas branch expansion, with record new commercial relationships, strong consumer checking and loan growth, and a 17-year streak of J.D. Power customer satisfaction awards in Texas supporting its relationship-banking model. We’ll now examine how this earnings beat alongside softer-than-expected revenue shapes Cullen/Frost’s existing investment narrative around Texas-focused growth. Capitalize on the AI infrastructure supercycle with our selection of the 38 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. To own Cullen/Frost today, you need to believe its Texas centered, relationship banking and branch expansion can keep translating into healthy profits without letting costs or regional concentration get out of hand. The latest earnings beat supports that thesis and suggests the near term catalyst remains the payoff from newer branches, while the revenue miss and ongoing expansion spending do little to change the biggest risk around expenses rising faster than revenues. The 3% increase in the quarterly common dividend to US$1.03 per share is the clearest recent signal of how management is translating these results into capital returns for shareholders. It ties directly into the catalyst of maturing Texas branches, as sustained loan and deposit growth from those locations helps fund both a higher payout and continued investment without leaning solely on efficiency gains. Yet against this progress, investors should also be aware that if digital focused competitors pull deposits away faster than Frost’s branch centric model can adapt... Read the full narrative on Cullen/Frost Bankers (it's free!) Cullen/Frost Bankers' narrative projects $2.5 billion revenue and $638.6 million earnings by 2029. This requires 4.5% yearly revenue growth and a $16.9 million earnings decrease from $655.5 million today. Uncover how Cullen/Frost Bankers' forecasts yield a $148.93 fair value, a 6% upside to its current price. Four fair value estimates from the Simply Wall St Community span roughly US$119 to more than US$101...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Cullen/Frost Bankers (CFR) reported first quarter 2026 net income of US$170.99 million and earnings of US$2.65 per share, while also increasing its regular quarterly dividend and continuing branch expansion across Texas. See our latest analysis for Cullen/Frost Bankers. The share price closed at US$140.36 after the earnings release, with a 1 day share price decline of 3.15% and a 7 day share price decline of 2.23%. However, the 1 year total shareholder return of 17.02% and 3 year total shareholder return of 58.70% indicate that performance has been stronger over a longer horizon. If this banking update has you thinking about where else growth and income might be emerging, it could be worth scanning 1 top founder-led companies So with CFR trading at US$140.36, an intrinsic value estimate implying roughly a 23% discount, and a modest gap to analyst targets, should you see this as a genuine entry point or as evidence that markets already expect stronger growth ahead? With Cullen/Frost Bankers closing at $140.36 against a narrative fair value of about $148.93, the current price sits below what this widely followed model suggests, while still aligning fairly closely with analyst expectations. Read the complete narrative. Curious how modest revenue growth, shifting profit margins, and a richer future P/E are stitched together into that fair value gap? The narrative leans on a detailed earnings path, gradual share count reduction, and a specific discount rate to get there, but keeps some important moving parts under the hood. Result: Fair Value of $148.93 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you also need to weigh the chance that Texas focused exposure and higher branch and technology costs could squeeze margins more than the current narrative assumes. Find out about the key risks to this Cullen/Frost Bankers narrative. So far, the story leans on future earnings and cash flows to argue Cullen/Frost Bankers looks modestly undervalued. The simple P/E view tells a different story. At 13.5x earnings, the stock trades above both the US Banks industry at 11.4x and peers at 11.2x, and also above a fair ratio of 11x, which suggests investors are already paying a premium...

Cullen/Frost Bankers, Inc. CFR reported first-quarter 2026 earnings per share of $2.65, beating the Zacks Consensus Estimate of $2.46. The bottom line also rose from $2.30 in the prior-year quarter. Results benefited from higher net interest income (NII) and non-interest income, supported by growth in loan balances. However, elevated non-interest expenses remained a headwind. Net income available to its common shareholders was $169.3 million, up 13.4% from $149.3 million in the first quarter of 2025. Total revenues were $597.1 million, topping the Zacks Consensus Estimate by 0.9%. The metric also improved from the year-ago revenues of $560.4 million. NII on a taxable-equivalent basis rose 5.6% year over year to $460.8 million. The net interest margin (NIM) expanded 14 basis points year over year to 3.74%. Our estimates for NII and NIM were $459.3 million and 3.7%, respectively. Non-interest income increased 9.9% year over year to $136.3 million. The rise was driven by higher trust and investment management fees, service charges on deposit accounts, and other non-interest income. Our estimate for non-interest income was $126.9 million. Non-interest expenses totaled $365.7 million, up 5.1% year over year. The increase was largely attributable to higher salaries and wages, employee benefits, technology, furniture and equipment expenses, and other non-interest expenses. Our estimate for non-interest expenses was $366.6 million. Total loans for the first quarter of 2026 were $22.4 billion, reflecting a 2.5% increase from the prior quarter. Total deposits were $42.8 billion, down marginally on a sequential basis. Our estimates for total loans and total deposits were $22 billion and $44.4 billion, respectively. For the first quarter of 2026, the company recorded credit loss expenses of $6.7 million compared with $13.1 million in the prior-year quarter. Net charge-offs were $5.7 million, down from $9.7 million a year ago. The allowance for credit losses on loans, as a percentage of total loans, was 1.28% as of March 31, 2026, compared with 1.32% at the end of the prior-year quarter. Non-accrual loans were $72.4 million, lower than $83.5 million at the end of the first quarter of 2025. As of March 31, 2026, the common equity Tier 1 risk-based capital ratio was 14.07%, up from 13.84% at the end of the year-ago quarter. The Tier 1 risk-based capital ratio increased to...

Q1 results: Cullen/Frost earned $169.3 million (up 13.4%) with EPS of $2.65 (up 15.2%), driven by loan growth and a higher net interest margin of 3.74% (up 8 bps sequentially). Expansion and loan pipeline: Branch expansion contributed to EPS accretion and now represents $2.9B in loans and $3.6B in deposits (about 95,000 new households); the gross loan pipeline hit a record $6.8B (up 55% q/q) with a 90‑day weighted pipeline near $2B. Credit trends: Credit metrics remained largely stable with non-performing assets at $73M and annualized net charge-offs down to 11 bps, but total problem loans rose to $989M, driven by increases in the risk‑grade 10 category with expected large resolutions in coming quarters. Interested in Cullen/Frost Bankers, Inc.? Here are five stocks we like better. Are Major U.S. Banks At Risk Of Credit-Ratings Downgrades? Cullen/Frost Bankers (NYSE:CFR) reported higher earnings in the first quarter of 2026, driven by loan growth, improved net interest margin and continued momentum in its organic branch expansion strategy, executives said during the company’s quarterly earnings call. Chairman and CEO Phil Green said Cullen/Frost earned $169.3 million in the first quarter of 2026, up 13.4% from $149.3 million in the first quarter of 2025. Earnings per share were $2.65, an increase of 15.2% from $2.30 a year earlier. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Time To Buy Regional Banks? Insider Buying Says Yes Green said return on average assets was 1.32% and return on average common equity was 15.15% for the quarter, compared with 1.19% and 15.54%, respectively, in the prior-year period. Average deposits totaled $42.2 billion, up from $41.7 billion in the same quarter last year, while average loans rose to $22.0 billion from $20.8 billion, Green said. → Is Oracle Undervalued as Cloud Growth Accelerates? 2 Regional Banks to Buy Amid the Chaos Green highlighted consumer banking growth and the company’s continued customer satisfaction recognition. He said Frost’s consumer bank earned the J.D. Power Award for customer satisfaction in consumer banking in Texas for the 17th consecutive year, adding that the consistency reflects cultural strength even as the company has expanded its footprint in major Texas metro areas. On growth metrics, Green said consumer checking households increased 5.3% year over year and consumer loan balances...

This article first appeared on GuruFocus. Net Interest Income Growth: Expected to be in the range of 3.5% to 5% for full year 2026. Net Interest Margin: Anticipated improvement of 10 to 15 basis points from 2025's 3.66%. Average Loan Growth: Projected to be 6% to 7% for the full year. Deposit Growth: Expected full year average growth of 2% to 3%. Non-Interest Income Growth: Forecasted to be 4% to 5% year-over-year. Non-Interest Expense Growth: Estimated to be in the 5% to 6% range year-over-year. Net Charge-Offs: Expected to be 15 to 20 basis points of average loans for full year 2026. Effective Tax Rate: Projected to be in the range of 15.5% to 16.5% for full year 2026. Stock Repurchases: $70 million used to buy back approximately 508,000 shares in the fourth quarter. Warning! GuruFocus has detected 4 Warning Sign with CFR. Is CFR fairly valued? Test your thesis with our free DCF calculator. Release Date: April 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cullen/Frost Bankers Inc (NYSE:CFR) expects net interest income growth for the full year to be in the range of 3.5% to 5%, narrowing the prior guidance range of 3% to 5%. The company anticipates an improvement in net interest margin by about 10 to 15 basis points compared to the previous year. Full-year average loan growth is expected to be in the range of 6% to 7%, up from prior guidance of 5% to 7%. Non-interest income growth is projected to be 4% to 5%, consistent with prior guidance. The company has successfully utilized $70 million of its $300 million approved share repurchase plan, indicating strong capital management. The effective tax rate expectation for full year 2026 has increased to a range of 15.5% to 16.5%, up from 15% to 16% in the prior quarter. Non-interest expense growth is expected to be in the 5% to 6% range year-over-year, which could impact profitability. The competitive environment is leading to increased pressure on deposit rates, potentially affecting net interest income. There is uncertainty regarding the resolution of criticized loans, which could impact credit quality. The company faces competitive pressures from new market entrants, which could affect loan pricing and spreads. Q: Can you provide more details on the drivers behind the increased loan growth guidance to 6% to 7%? A: Dan Geddes, CFO, explained that th...

SAN ANTONIO, Texas, April 30, 2026 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) will host a conference call on Thursday, April 30, 2026 to discuss first quarter 2026 earnings. Earnings Release: The earnings release for Cullen/Frost Bankers, Inc. is available on the internet at https://investor.frostbank.com/. Conference Call and Live Webcast: The conference call will begin at 3:30 p.m. CT (4:30 p.m. Eastern) and will be hosted by Phil Green, Chairman and CEO, Dan Geddes, Group Executive Vice President and CFO and A.B. Mendez, Senior Vice President and Director of Investor Relations. Following the prepared remarks there will be a question and answer session for the analyst community. Media and other interested individuals are invited to listen to the call using the webcast link or telephone number as follows: Live Webcast To access the webcast, go to https://investor.frostbank.com/ or directly to Registration | Cullen/Frost Bankers, Inc. First Quarter 2026 Earnings Conference Call The webcast will be archived and available for playback, and can be accessed on our investor relations website. Telephone Number Domestic: 877-709-8150 It is recommended that those wishing to dial into the conference call do so approximately 5 to 10 minutes prior to the call to ensure a more efficient registration process. A.B. Mendez Investor Relations 210.220.5234 or Bill Day Media Relations 210.220.5427 View original content to download multimedia:https://www.prnewswire.com/news-releases/cullenfrost-bankers-inc-reschedules-earnings-conference-call-302759474.html

For the quarter ended March 2026, Cullen/Frost Bankers (CFR) reported revenue of $597.11 million, up 6.6% over the same period last year. EPS came in at $2.65, compared to $2.30 in the year-ago quarter. The reported revenue represents a surprise of +0.88% over the Zacks Consensus Estimate of $591.93 million. With the consensus EPS estimate being $2.46, the EPS surprise was +7.78%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Cullen/Frost performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net charge-offs annualized as a percentage of average loans: 0.1% versus 0.2% estimated by five analysts on average. Total earning assets and average rate earned - Average balance: $48.63 billion versus the five-analyst average estimate of $50.15 billion. Net Interest Margin (FTE): 3.7% compared to the 3.7% average estimate based on five analysts. Book value per common share at end of quarter: $69.83 versus the four-analyst average estimate of $78.91. Non-accrual loans: $72.35 million versus the two-analyst average estimate of $71.3 million. Total Non-Interest Income: $136.32 million versus the five-analyst average estimate of $131.15 million. Net Interest Income (FTE): $460.79 million versus $460.77 million estimated by five analysts on average. Trust and investment management fees: $47.96 million versus the four-analyst average estimate of $45.06 million. Other charges, commissions and fees: $13.27 million compared to the $15.25 million average estimate based on four analysts. Service charges on deposit accounts: $32.16 million versus $32.07 million estimated by four analysts on average. Insurance commissions and fees: $22.08 million versus $17.82 million estimated by three analysts on average. Net Interest Income: $438.52 million compared to the $438.71 million average estimate based on three analysts. View all Key Company Metrics for Cullen/Frost here>>> Shares of Cullen/Frost...

Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.46 per share. This compares to earnings of $2.3 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.78%. A quarter ago, it was expected that this financial holding company would post earnings of $2.47 per share when it actually produced earnings of $2.57, delivering a surprise of +4.05%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Cullen/Frost, which belongs to the Zacks Banks - Southwest industry, posted revenues of $597.11 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.88%. This compares to year-ago revenues of $560.41 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cullen/Frost shares have added about 12.8% since the beginning of the year versus the S&P 500's gain of 4.2%. While Cullen/Frost has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cullen/Frost was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Za...

Prosperity Bancshares (PB) came out with quarterly earnings of $1.5 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.23%. A quarter ago, it was expected that this financial holding company would post earnings of $1.44 per share when it actually produced earnings of $1.46, delivering a surprise of +1.39%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Prosperity Bancshares, which belongs to the Zacks Banks - Southwest industry, posted revenues of $367.62 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.17%. This compares to year-ago revenues of $306.68 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Prosperity Bancshares shares have added about 0.5% since the beginning of the year versus the S&P 500's gain of 4.3%. While Prosperity Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Prosperity Bancshares was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You ca...

Cullen/Frost Bankers (CFR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 30. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This financial holding company is expected to post quarterly earnings of $2.45 per share in its upcoming report, which represents a year-over-year change of +6.5%. Revenues are expected to be $591.06 million, up 5.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.54% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model'...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Cullen/Frost Bankers (CFR), which belongs to the Zacks Banks - Southwest industry, could be a great candidate to consider. When looking at the last two reports, this financial holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 8.12%, on average, in the last two quarters. For the most recent quarter, Cullen/Frost was expected to post earnings of $2.47 per share, but it reported $2.57 per share instead, representing a surprise of 4.05%. For the previous quarter, the consensus estimate was $2.38 per share, while it actually produced $2.67 per share, a surprise of 12.18%. Thanks in part to this history, there has been a favorable change in earnings estimates for Cullen/Frost lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Cullen/Frost has an Earnings ESP of +1.91% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on April 30, 2026. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. M...