Cullen/Frost Bankers (NYSE:CFR) Announces Quarterly Earnings Results

Cullen/Frost Bankers (NYSE:CFR) posted its earnings results on Thursday. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09, FiscalAI reports. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.84% and a net margin of 21.99%.During the same quarter in the prior year, the business earned $2.36 EPS.

Here are the key takeaways from Cullen/Frost Bankers’ conference call:

• Cullen Frost reported Q2 2025 earnings of $155.3M / $2.39 per share with average loans up 7.2% YoY to $21.1B and average deposits up 3.1% to $41.8B, reflecting continued organic growth.
• The bank hit its 200th financial center; the expansion effort has generated $2.76B in deposits, $2.003B in loans and ~69,000 new households, and management expects the program to be accretive to earnings in 2026.
• Management raised its outlook—full-year net interest income growth now expected at 6%–7% (vs prior 5%–7%), NIM improvement of ~12–15 bps vs 2024, loan growth mid‑to‑high single digits and deposits up 2%–3%.
• While NPAs fell to $64M, total problem loans rose to $989M driven largely by criticized multifamily CRE (Risk Grade 10); management expects resolutions in Q3–Q4 2025 and is guiding full‑year net charge‑offs around 20–25 bps.
• Management flagged increasing competition—especially in CRE—with greater use of aggressive deal structures (guarantees, equity burns) and some pricing compression, which raises underwriting and franchise risk.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $138.50 on Friday. The stock’s 50 day simple moving average is $130.97 and its 200 day simple moving average is $128.49. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers has a 12-month low of $100.31 and a 12-month high of $146.44. The stock has a market capitalization of $8.86 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 2.67 and a beta of 0.63.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 annualized dividend and a yield of 2.9%. Cullen/Frost Bankers’s dividend payout ratio is 41.15%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CFR shares. Citigroup upped their price target on Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. Royal Bank Of Canada increased their price target on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Barclays lowered their price target on shares of Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, December 19th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $136.64.

Key Cullen/Frost Bankers News

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Q4 results beat expectations — Cullen/Frost reported roughly $2.56–$2.57 EPS (above the ~$2.47 consensus) and net income rose ~7.4% year-over-year; management also reported strong profitability metrics (ROE ~15.8%, net margin ~22%). These beats are the primary driver of the stock’s strength. CULLEN/FROST REPORTS FOURTH QUARTER AND 2025 ANNUAL RESULTS
• Positive Sentiment: Revenue surprise — reported revenue (~$1.05 billion) materially exceeded the consensus estimate cited by the street, reinforcing that the beat was broad-based rather than EPS-only. Listen to Conference Call / Press Release
• Positive Sentiment: Shareholder returns — the board declared a quarterly dividend ($1.00 per share) and authorized a $300 million stock repurchase program, which supports EPS and signals confidence in capital position. These actions tend to be viewed positively by income and total-return investors. CULLEN/FROST REPORTS FOURTH QUARTER AND 2025 ANNUAL RESULTS
• Neutral Sentiment: Earnings call / transcript available — the full Q4 2025 earnings call transcript and related commentary are published (useful for assessing management’s tone on loan growth, NIM, reserves and 2026 outlook). Investors should listen/read for guidance and any one-time items that influenced revenue. Earnings Call Transcript
• Neutral Sentiment: Analyst commentary & outlook — recent rundowns (Benzinga, Yahoo, Zacks) summarize the beat and discuss key metrics and analyst models; these pieces help frame expectations but contain mixed forward signals that will be updated as management provides 2026 guidance. Earnings Outlook For Cullen/Frost Bankers

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at $481,965. This represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.89% of the stock is owned by corporate insiders.

Institutional Trading of Cullen/Frost Bankers

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in shares of Cullen/Frost Bankers during the third quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its holdings in shares of Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares during the period. Danske Bank A S purchased a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth $63,000. EverSource Wealth Advisors LLC grew its holdings in shares of Cullen/Frost Bankers by 82.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock worth $151,000 after acquiring an additional 532 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of Cullen/Frost Bankers by 204.8% in the third quarter. Brooklyn Investment Group now owns 1,789 shares of the bank’s stock worth $227,000 after acquiring an additional 1,202 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.