CULLEN/FROST BANKERS INC (CFR) Stock Fundamental Analysis

NYSE:CFR • US2298991090

138.22 USD
-5.86 (-4.07%)
At close: Feb 27, 2026
136.14 USD
-2.08 (-1.5%)
Pre-Market: 3/2/2026, 4:03:21 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

CFR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 379 industry peers in the Banks industry. CFR has a medium profitability rating, but doesn't score so well on its financial health evaluation. CFR is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year CFR was profitable.
  • CFR had a positive operating cash flow in the past year.
  • In the past 5 years CFR has always been profitable.
  • In the past 5 years CFR always reported a positive cash flow from operatings.
CFR Yearly Net Income VS EBIT VS OCF VS FCFCFR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

1.2 Ratios

  • CFR has a Return On Assets of 1.20%. This is in the better half of the industry: CFR outperforms 74.93% of its industry peers.
  • With an excellent Return On Equity value of 13.90%, CFR belongs to the best of the industry, outperforming 90.50% of the companies in the same industry.
Industry RankSector Rank
ROA 1.2%
ROE 13.9%
ROIC N/A
ROA(3y)1.14%
ROA(5y)1.07%
ROE(3y)14.75%
ROE(5y)14.41%
ROIC(3y)N/A
ROIC(5y)N/A
CFR Yearly ROA, ROE, ROICCFR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • CFR has a better Profit Margin (28.43%) than 69.39% of its industry peers.
  • CFR's Profit Margin has improved in the last couple of years.
  • The Operating Margin and Gross Margin are not available for CFR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 28.43%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.27%
PM growth 5Y5.04%
GM growth 3YN/A
GM growth 5YN/A
CFR Yearly Profit, Operating, Gross MarginsCFR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. Health

2.1 Basic Checks

  • CFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • CFR has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CFR has more shares outstanding
  • The debt/assets ratio for CFR is higher compared to a year ago.
CFR Yearly Shares OutstandingCFR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
CFR Yearly Total Debt VS Total AssetsCFR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • The Debt to FCF ratio of CFR is 37.44, which is on the high side as it means it would take CFR, 37.44 years of fcf income to pay off all of its debts.
  • CFR has a Debt to FCF ratio of 37.44. This is amonst the worse of the industry: CFR underperforms 84.43% of its industry peers.
  • A Debt/Equity ratio of 1.04 is on the high side and indicates that CFR has dependencies on debt financing.
  • CFR has a worse Debt to Equity ratio (1.04) than 84.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.04
Debt/FCF 37.44
Altman-Z N/A
ROIC/WACCN/A
WACC10.05%
CFR Yearly LT Debt VS Equity VS FCFCFR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CFR Yearly Current Assets VS Current LiabilitesCFR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • CFR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.84%, which is quite good.
  • CFR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.23% yearly.
  • Looking at the last year, CFR shows a very negative growth in Revenue. The Revenue has decreased by -12.86% in the last year.
  • The Revenue has been growing by 9.17% on average over the past years. This is quite good.
EPS 1Y (TTM)11.84%
EPS 3Y4.03%
EPS 5Y14.23%
EPS Q2Q%8.47%
Revenue 1Y (TTM)-12.86%
Revenue growth 3Y9.64%
Revenue growth 5Y9.17%
Sales Q2Q%4.37%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.00% on average over the next years.
  • The Revenue is expected to grow by 2.89% on average over the next years.
EPS Next Y3.18%
EPS Next 2Y3.07%
EPS Next 3Y2.23%
EPS Next 5Y4%
Revenue Next Year5.08%
Revenue Next 2Y4.88%
Revenue Next 3Y3.92%
Revenue Next 5Y2.89%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CFR Yearly Revenue VS EstimatesCFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B 2B 2.5B
CFR Yearly EPS VS EstimatesCFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 13.93 indicates a correct valuation of CFR.
  • Based on the Price/Earnings ratio, CFR is valued a bit more expensive than the industry average as 66.23% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of CFR to the average of the S&P500 Index (27.07), we can say CFR is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 13.50 indicates a correct valuation of CFR.
  • Based on the Price/Forward Earnings ratio, CFR is valued a bit more expensive than 71.50% of the companies in the same industry.
  • CFR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.05.
Industry RankSector Rank
PE 13.93
Fwd PE 13.5
CFR Price Earnings VS Forward Price EarningsCFR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • CFR's Price/Free Cash Flow ratio is rather expensive when compared to the industry. CFR is more expensive than 83.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 68.61
EV/EBITDA N/A
CFR Per share dataCFR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)4.39
PEG (5Y)0.98
EPS Next 2Y3.07%
EPS Next 3Y2.23%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • CFR has a Yearly Dividend Yield of 2.78%.
  • CFR's Dividend Yield is comparable with the industry average which is at 2.73.
  • CFR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.78%

5.2 History

  • On average, the dividend of CFR grows each year by 7.24%, which is quite nice.
  • CFR has paid a dividend for at least 10 years, which is a reliable track record.
  • CFR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.24%
Div Incr Years31
Div Non Decr Years31
CFR Yearly Dividends per shareCFR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 41.23% of the earnings are spent on dividend by CFR. This is a bit on the high side, but may be sustainable.
  • The dividend of CFR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP41.23%
EPS Next 2Y3.07%
EPS Next 3Y2.23%
CFR Yearly Income VS Free CF VS DividendCFR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
CFR Dividend Payout.CFR Dividend Payout, showing the Payout Ratio.CFR Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

CULLEN/FROST BANKERS INC

NYSE:CFR (2/27/2026, 8:04:00 PM)

Premarket: 136.14 -2.08 (-1.5%)

138.22

-5.86 (-4.07%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29
Earnings (Next)04-29
Inst Owners92.23%
Inst Owner Change-0.34%
Ins Owners0.75%
Ins Owner Change0.79%
Market Cap8.74B
Revenue(TTM)2.24B
Net Income(TTM)635.49M
Analysts66.32
Price Target149.65 (8.27%)
Short Float %2.94%
Short Ratio3.42
Dividend
Industry RankSector Rank
Dividend Yield 2.78%
Yearly Dividend4.11
Dividend Growth(5Y)7.24%
DP41.23%
Div Incr Years31
Div Non Decr Years31
Ex-Date02-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.16%
Min EPS beat(2)3.36%
Max EPS beat(2)10.96%
EPS beat(4)4
Avg EPS beat(4)5.56%
Min EPS beat(4)2.67%
Max EPS beat(4)10.96%
EPS beat(8)7
Avg EPS beat(8)4.29%
EPS beat(12)10
Avg EPS beat(12)2.23%
EPS beat(16)14
Avg EPS beat(16)3.03%
Revenue beat(2)0
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-0.69%
Max Revenue beat(2)-0.51%
Revenue beat(4)2
Avg Revenue beat(4)0.75%
Min Revenue beat(4)-0.69%
Max Revenue beat(4)2.46%
Revenue beat(8)5
Avg Revenue beat(8)-1.25%
Revenue beat(12)9
Avg Revenue beat(12)0.19%
Revenue beat(16)11
Avg Revenue beat(16)5.14%
PT rev (1m)5.88%
PT rev (3m)5.71%
EPS NQ rev (1m)3.45%
EPS NQ rev (3m)3.88%
EPS NY rev (1m)3.14%
EPS NY rev (3m)5.18%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.08%
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)1.22%
Valuation
Industry RankSector Rank
PE 13.93
Fwd PE 13.5
P/S 3.91
P/FCF 68.61
P/OCF 31.88
P/B 1.91
P/tB 1.91
EV/EBITDA N/A
EPS(TTM)9.92
EY7.18%
EPS(NY)10.24
Fwd EY7.4%
FCF(TTM)2.01
FCFY1.46%
OCF(TTM)4.34
OCFY3.14%
SpS35.37
BVpS72.36
TBVpS72.36
PEG (NY)4.39
PEG (5Y)0.98
Graham Number127.08
Profitability
Industry RankSector Rank
ROA 1.2%
ROE 13.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28.43%
GM N/A
FCFM 5.7%
ROA(3y)1.14%
ROA(5y)1.07%
ROE(3y)14.75%
ROE(5y)14.41%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.27%
PM growth 5Y5.04%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 1.04
Debt/FCF 37.44
Debt/EBITDA N/A
Cap/Depr 167.06%
Cap/Sales 6.56%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 20.04%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC10.05%
ROIC/WACCN/A
Cap/Depr(3y)176.57%
Cap/Depr(5y)153.71%
Cap/Sales(3y)6.92%
Cap/Sales(5y)6.32%
Profit Quality(3y)75.31%
Profit Quality(5y)94.01%
High Growth Momentum
Growth
EPS 1Y (TTM)11.84%
EPS 3Y4.03%
EPS 5Y14.23%
EPS Q2Q%8.47%
EPS Next Y3.18%
EPS Next 2Y3.07%
EPS Next 3Y2.23%
EPS Next 5Y4%
Revenue 1Y (TTM)-12.86%
Revenue growth 3Y9.64%
Revenue growth 5Y9.17%
Sales Q2Q%4.37%
Revenue Next Year5.08%
Revenue Next 2Y4.88%
Revenue Next 3Y3.92%
Revenue Next 5Y2.89%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-85.21%
FCF growth 3Y-41%
FCF growth 5Y-21.56%
OCF growth 1Y-72.31%
OCF growth 3Y-27.62%
OCF growth 5Y-12.17%

CULLEN/FROST BANKERS INC / CFR FAQ

What is the ChartMill fundamental rating of CULLEN/FROST BANKERS INC (CFR) stock?

ChartMill assigns a fundamental rating of 3 / 10 to CFR.


What is the valuation status for CFR stock?

ChartMill assigns a valuation rating of 2 / 10 to CULLEN/FROST BANKERS INC (CFR). This can be considered as Overvalued.


What is the profitability of CFR stock?

CULLEN/FROST BANKERS INC (CFR) has a profitability rating of 4 / 10.


What is the financial health of CULLEN/FROST BANKERS INC (CFR) stock?

The financial health rating of CULLEN/FROST BANKERS INC (CFR) is 0 / 10.


How sustainable is the dividend of CULLEN/FROST BANKERS INC (CFR) stock?

The dividend rating of CULLEN/FROST BANKERS INC (CFR) is 6 / 10 and the dividend payout ratio is 41.23%.