CFR
Financial ServicesCullen/Frost Bankers, Inc. · Banks - Regional · $9B
What is Cullen/Frost Bankers, Inc.?
Cullen/Frost Bankers is a Texas-focused bank holding company operating through Frost Bank. Headquartered in San Antonio, it serves both commercial and consumer clients across the state with a broad range of banking and wealth management services.
Frost Bank generates revenue through traditional lending, deposit-taking, and fee-based services. On the commercial side, it finances real estate, equipment, and business acquisitions while offering treasury management and capital markets services. Consumer clients access checking and savings accounts, home equity products, and brokerage services. The company also runs Frost Wealth Advisors, providing trust, investment, and custodial services, and acts as a correspondent bank for roughly 171 smaller financial institutions across Texas.
Cullen/Frost Bankers was incorporated in 1980 and is headquartered in San Antonio, Texas.
- Commercial and industrial lending for Texas businesses
- Consumer banking including checking, savings, and home equity products
- Frost Wealth Advisors trust and investment management
- Treasury management and capital markets services
- International banking including foreign exchange and letters of credit
Is CFR a Good Stock to Buy?
UQS Score rates CFR as Below Average overall, reflecting meaningful headwinds across several key pillars.
The Quality pillar stands out as the relative bright spot, suggesting Frost Bank maintains reasonable operational discipline compared to its weaker-scoring pillars. Its long-standing Texas franchise and diversified service mix provide some stability.
The Moat, Growth, and Risk pillars all register as Weak, pointing to limited competitive differentiation, constrained expansion prospects, and elevated risk factors — concerns that weigh heavily on the composite score.
Pro members can view the full pillar breakdown and detailed financial metrics behind CFR's UQS Score at uqs-score.com. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CFR pay dividends?
Yes — Cullen/Frost Bankers, Inc. pays a dividend.
Cullen/Frost Bankers pays a regular dividend, consistent with the income-oriented tradition of established regional banks. The dividend reflects the company's relatively mature business model and its ability to return capital to shareholders. Investors seeking income exposure to Texas banking may find the dividend cadence relevant, though the overall UQS profile warrants careful review.
When does CFR report earnings?
Cullen/Frost Bankers reports earnings on a quarterly cadence, typical for US-listed bank holding companies.
The company's recent results reflect the pressures visible in its Growth and Risk pillar ratings — a challenging environment for regional banks navigating interest rate dynamics and credit conditions. Quality metrics remain relatively more stable, suggesting operational management has held up better than top-line momentum.
For the most recent quarter's results and guidance, visit Cullen/Frost Bankers' official investor relations page.
CFR Price History
+36.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Cullen/Frost Bankers, Inc.?
Based on Cullen/Frost Bankers, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CFR Long-term Outlook
CFR's Growth pillar rating of Weak suggests the fundamental outlook for near-term expansion is constrained. Regional banks with concentrated geographic footprints face headwinds from rate normalization and competitive deposit pressures. The Weak Risk pillar adds caution around credit quality and balance sheet sensitivity. Valuation sits at Neutral, meaning the market does not appear to be pricing in a significant rebound — nor a deep discount.
Growth drivers
- Continued expansion of Frost Wealth Advisors and fee-based revenue streams
- Texas population and business growth supporting loan demand over time
- Correspondent banking relationships providing incremental revenue diversification
Key risks
- Interest rate sensitivity affecting net interest margin in a shifting rate environment
- Concentrated Texas exposure limiting geographic diversification
- Elevated Risk pillar rating signaling potential credit or balance sheet vulnerabilities
CFR vs Peers
Cullen/Frost Bankers competes within the regional and community banking space, where scale, deposit franchises, and geographic reach shape competitive positioning.
Chime operates as a digital-first fintech challenger targeting consumer banking, contrasting sharply with Frost Bank's full-service, relationship-driven Texas branch model.
Zions is a larger regional bank with a multi-state Western US footprint, offering broader geographic diversification than CFR's Texas-centric franchise.
Old National focuses on Midwest markets and has pursued an acquisition-driven growth strategy, differing from Frost Bank's historically organic, Texas-focused expansion.
Frequently Asked Questions
What does Cullen/Frost Bankers do?
Cullen/Frost Bankers is the holding company for Frost Bank, a Texas-based institution offering commercial lending, consumer banking, wealth management, treasury services, and international banking. It also operates Frost Wealth Advisors and serves as a correspondent bank for smaller financial institutions across Texas.
Does CFR pay dividends?
Yes, Cullen/Frost Bankers pays a regular dividend. This is consistent with the income-return tradition of established regional banks. Investors should review the current dividend rate and payout history on the company's investor relations page for the most up-to-date figures.
When does CFR report earnings?
Cullen/Frost Bankers reports earnings quarterly, in line with standard practice for US-listed bank holding companies. For exact release dates and scheduled calls, check the investor relations section of the company's official website.
Is CFR a good stock to buy?
UQS Score rates CFR as Below Average overall. While the Quality pillar shows relative strength, the Moat, Growth, and Risk pillars all rate as Weak. Whether CFR fits a portfolio depends on individual goals and risk tolerance. The full pillar breakdown is available to Pro members on uqs-score.com.
Is CFR overvalued?
CFR's Valuation pillar is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Given the Weak Growth and Risk ratings, investors should weigh whether the current price adequately compensates for those underlying concerns.
How does CFR compare to its competitors?
Compared to peers like Zions Bancorporation and Old National Bancorp, Frost Bank's differentiation lies in its deep Texas roots and relationship-banking model. Digital challengers like Chime target a different customer segment entirely. CFR's UQS Score can be compared against these peers on uqs-score.com.
What is CFR's market cap bracket?
Cullen/Frost Bankers falls in the mid-cap bracket. This places it among established regional banks with meaningful scale but without the balance sheet size of the largest national institutions.
Who founded Cullen/Frost Bankers?
The founding history of Cullen/Frost Bankers is widely documented in public sources. The company traces its roots to Frost Bank, a San Antonio institution with a long Texas heritage. Cullen/Frost Bankers as a holding company was incorporated in 1980.
Is CFR a long-term quality investment?
As a long-term quality indicator, CFR's UQS Score of Below Average reflects concerns across Moat, Growth, and Risk pillars that could weigh on sustained value creation. The Quality pillar offers some reassurance, but long-term investors should review the full analysis available to Pro members before drawing conclusions.
What is the main competitive advantage of Cullen/Frost Bankers?
Frost Bank's primary competitive advantage is its deep, relationship-driven presence across Texas, combined with a diversified service model spanning commercial banking, wealth management, and correspondent banking. However, the UQS Moat pillar rates this advantage as Weak relative to broader sector peers.
What sector does CFR belong to?
CFR belongs to the Financial Services sector, specifically operating as a regional bank holding company. It competes within the commercial and consumer banking industry, with additional exposure to wealth management and capital markets through its Frost Wealth Advisors segment.
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Pro Analysis
CFR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 45.3 | 85.7 | 33.0 | 22.9 | 21.2 | 52.3 | 0.0 |
| May 22, 2026 | 45.3 | 85.7 | 33.0 | 22.9 | 21.2 | 52.4 | 0.0 |
| May 21, 2026 | 45.3 | 85.7 | 33.0 | 22.9 | 21.2 | 52.3 | 0.0 |
| May 20, 2026 | 45.3 | 85.7 | 33.0 | 22.9 | 21.2 | 52.5 | 0.0 |
| May 19, 2026 | 45.3 | 85.7 | 33.0 | 22.9 | 21.2 | 52.6 | -0.1 |
| May 16, 2026 | 45.4 | 85.7 | 33.0 | 22.9 | 21.2 | 53.5 | 0.0 |
| May 15, 2026 | 45.4 | 85.7 | 33.0 | 22.9 | 21.2 | 53.1 | 0.0 |
| May 14, 2026 | 45.4 | 85.7 | 33.0 | 22.9 | 21.2 | 53.3 | +0.1 |
| May 13, 2026 | 45.3 | 85.7 | 33.0 | 22.9 | 21.2 | 52.9 | -0.1 |
| May 12, 2026 | 45.4 | 85.7 | 33.0 | 22.9 | 21.2 | 53.0 | +0.3 |
CFR — Pillar Breakdown
Quality
— 85.7/100 (25%)Cullen/Frost Bankers, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 22.9/100 (20%)Cullen/Frost Bankers, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 21.2/100 (15%)Cullen/Frost Bankers, Inc. presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 51.6/100 (15%)Cullen/Frost Bankers, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 33/100 (25%)Cullen/Frost Bankers, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CFR.
Score Composition
Financial Data
More Stock Analysis
How is the CFR UQS Score Calculated?
The UQS (Unified Quality Score) for Cullen/Frost Bankers, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Cullen/Frost Bankers, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Cullen/Frost Bankers, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.