Cullen/Frost Bankers (CFR)
Texas-focused provider of relationship banking, treasury services, insurance, and wealth management.
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Provides commercial and consumer banking through Frost Bank, with deposits, lending, treasury services, insurance, and investments, while Frost Wealth Advisors supplies trust, retirement, brokerage, and asset management. Operates only in Texas through regional relationship teams, with banking as the principal segment and results tied to deposit behavior, interest rates, credit cycles, and regulation.
Provides commercial and consumer banking through Frost Bank, including deposits, lending, treasury management, international services, insurance, and securities-related activities. Frost Wealth Advisors adds private trust, retirement, brokerage, and asset-management services.
Operates entirely in Texas through regional teams spanning seven metropolitan and market areas. Relationship-focused service, centralized support, live customer access, and an internally built financial-center expansion model shape how the franchise competes with banks, credit unions, insurers, securities firms, and digital providers.
Banking supplies the principal operating segment, while Frost Wealth Advisors is reported separately. Results depend on Texas loan and deposit conditions, interest-rate and funding mechanics, credit cycles tied to energy and property markets, and compliance across banking, consumer, privacy, securities, and insurance regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 8, 2026 | Morgan Stanley | Upgrade | Target: $141 | Target: $200 |
| Jul 31, 2026 | D.A. Davidson | Target | Target: $144 | Target: $164 |
| Jul 31, 2026 | Stephens | Reiterate | Rating: —Target: $164 | Target: $183 |
| Jul 7, 2026 | Barclays | Reiterate | Rating: —Target: $150 | Target: $160 |
| Jul 6, 2026 | Jefferies | Upgrade | Target: $105 | Target: $160 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $697.7M · Total debt $5.42B · Total assets $53.88B · Shareholders' equity $4.62B
- Revenue
- $577.0M
- Operating income
- $204.5M
- Net income
- $172.1M
HistoryDividendAnnual yield
| Institutions | 92.74% | 57.64M shares | |
|---|---|---|---|
| 574 holders · as of Jun 30, 2026 | |||
| Insiders | 0.71% | 441.5K shares | |
| 14 holders · as of Jun 15, 2026 | |||
| Other | 6.55% | 4.07M shares | |
| remainder | |||
62.15M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.80% | 7.34M | as of Jun 30, 2026 |
Aristotle Capital Management, LLCInstitution | 7.19% | 4.47M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.18% | 3.22M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.15% | 3.20M | as of Jun 30, 2026 |
First Eagle Investment Management, LLCInstitution | 4.47% | 2.78M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Carol Jean Severyn | officer: GEVP and Chief Risk Officer | −837 | $148.29 |
| Jan 30, 2026 | Bobby Berman | officer: GEVP Research & Strategy | −1,000 | $137.07 |
| Dec 12, 2025 | Ericka Lynn Pullin | officer: GEVP, Culture & People Dev. | −0 | $129.73 |
| Dec 9, 2025 | Coolidge E. JR Rhodes | officer: Group EVP General Counsel/Sec | −700 | $127.00 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cullen/Frost Bankers | $156.83 | −1.20% | $9.87B | 15.0 | 13.8 | 3.7 | +9.4% |
| JPMorgan Chase | $341.29 | −3.05% | $943.29B | 15.2 | 14.1 | 3.2 | +27.8% |
| Wells Fargo | $83.73 | −3.25% | $261.71B | 12.5 | 11.2 | 2.0 | +8.6% |
| Bank of America | $56.61 | −2.33% | $411.32B | 13.4 | 11.5 | 2.1 | +19.3% |
| Prosperity Bancshares | $69.36 | −0.79% | $8.40B | 12.1 | 10.3 | 4.7 | +25.9% |
| Fifth Third | $52.89 | −0.79% | $48.32B | 18.2 | 12.2 | 3.2 | +45.2% |
| Texas Capital | $95.17 | +0.17% | $4.13B | 12.5 | 12.4 | 2.1 | +9.1% |
| Zions Bancorporation | $63.93 | −1.62% | $9.48B | 8.3 | 9.7 | 1.8 | +4.8% |
| Median | 12.5 | 11.5 | 2.1 | +19.3% |