Cullen/Frost Bankers, Inc. (NYSE:CFR) Shareholders to Get $1.03 Quarterly Dividend

Key Points

• Cullen/Frost Bankers declared a quarterly dividend of $1.03 per share, payable December 15 to shareholders of record November 30. The dividend implies $4.12 in annualized payments and a 2.6% yield.
• The bank has increased its dividend for 32 consecutive years, with a current payout ratio of 43.3%, suggesting the distribution remains well covered by earnings.
• Third-quarter EPS of $2.84 exceeded analysts’ $2.80 estimate, although revenue of $603.8 million fell short of expectations and non-interest expenses rose 7% year over year.

Cullen/Frost Bankers, Inc. (NYSE:CFR - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 30th will be given a dividend of $1.03 per share by the bank on Tuesday, December 15th. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 30th.

Cullen/Frost Bankers has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 32 years. Cullen/Frost Bankers has a dividend payout ratio of 43.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cullen/Frost Bankers to earn $11.66 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 35.3%.

Cullen/Frost Bankers Stock Performance

NYSE:CFR traded up $0.75 during mid-day trading on Thursday, hitting $157.76. 621,866 shares of the company traded hands, compared to its average volume of 548,955. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. The stock's fifty day moving average price is $158.08 and its 200-day moving average price is $148.61. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.83 and a beta of 0.56. Cullen/Frost Bankers has a one year low of $119.14 and a one year high of $170.80.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The bank reported $2.84 EPS for the quarter, topping the consensus estimate of $2.80 by $0.04. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. The firm had revenue of $603.83 million for the quarter, compared to the consensus estimate of $610.19 million. During the same quarter last year, the company earned $2.67 earnings per share. Research analysts anticipate that Cullen/Frost Bankers will post 10.94 earnings per share for the current fiscal year.

Key Headlines Impacting Cullen/Frost Bankers

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

• Positive Sentiment: Third-quarter earnings beat expectations: Cullen/Frost reported $2.84 in diluted EPS, up from $2.67 a year earlier and above the $2.80 consensus estimate. Net income available to common shareholders rose to $178.5 million from $172.7 million. Cullen/Frost Reports Third Quarter Results
• Positive Sentiment: Healthy balance-sheet growth and shareholder returns: Average loans increased 9.0% year over year to $23.4 billion, while average deposits rose 3.6% to $43.6 billion. The board declared a $1.03-per-share fourth-quarter common dividend and a $0.278125-per-depositary-share Series B preferred dividend. Cullen Frost Reports $180.2 Million Third Quarter Net Income
• Positive Sentiment: Analysts modestly raised forecasts: Zacks Research increased its FY2026 EPS estimate to $10.80 from $10.77 and maintained a Hold rating, signaling slightly improved expectations but limited conviction. Cullen/Frost Bankers Stock Information
• Neutral Sentiment: Primary listing to move to TXSE: Cullen/Frost plans to voluntarily transfer its common-stock and Series B depositary-share listings from the NYSE to the Texas Stock Exchange. The CFR and CFR.PrB ticker symbols will remain unchanged. The move may increase the company’s Texas-market identity but does not alter its operations or fundamentals. Cullen/Frost to Move Primary Listings to Texas Stock Exchange
• Negative Sentiment: Revenue and costs were mixed: Revenue of $603.8 million fell short of the $610.2 million consensus estimate. Non-interest expense increased 7.0% year over year to $377.2 million, potentially restraining profit growth despite improving credit performance.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.

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