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

Key Points

• Cullen/Frost Bankers exceeded quarterly EPS expectations, reporting $2.84 per share versus the $2.80 consensus and $2.67 a year earlier. Revenue totaled $603.83 million, below analysts’ $610.19 million estimate.
• Operating trends were generally positive, with average loans rising 9.0% year over year to $23.4 billion, deposits increasing 3.6% to $43.6 billion, and non-interest income climbing 8.2%.
• Analysts maintain a cautious outlook: the stock has a consensus “Hold” rating and a $169.36 price target, while CFR traded near $157.25 after the earnings release.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) posted its earnings results on Thursday. The bank reported $2.84 EPS for the quarter, beating the consensus estimate of $2.80 by $0.04, FiscalAI reports. The firm had revenue of $603.83 million for the quarter, compared to analysts' expectations of $610.19 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%. During the same period last year, the firm earned $2.67 EPS.

Cullen/Frost Bankers Stock Performance

CFR stock traded up $0.24 during midday trading on Thursday, hitting $157.25. 306,397 shares of the company traded hands, compared to its average volume of 547,072. Cullen/Frost Bankers has a twelve month low of $119.14 and a twelve month high of $170.80. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.83 and a beta of 0.56. 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 business has a 50 day simple moving average of $158.08 and a 200-day simple moving average of $148.61.

Analysts Set New Price Targets

Several equities analysts have commented on CFR shares. Cantor Fitzgerald lowered their target price on shares of Cullen/Frost Bankers from $175.00 to $167.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 14th. TD Cowen reduced their price objective on shares of Cullen/Frost Bankers from $185.00 to $178.00 and set a "buy" rating for the company in a research note on Monday, October 5th. Barclays lifted their price target on Cullen/Frost Bankers from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Monday, October 5th. Royal Bank Of Canada lowered their price objective on shares of Cullen/Frost Bankers from $176.00 to $175.00 and set a "sector perform" rating on the stock in a research report on Friday, October 9th. Finally, Stephens upped their target price on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $169.36.

Key Headlines Impacting Cullen/Frost Bankers

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

• Positive Sentiment: Third-quarter earnings exceeded expectations. Cullen/Frost reported net income available to common shareholders of $178.5 million, or $2.84 per diluted share, up from $2.67 a year earlier and ahead of the roughly $2.80 consensus estimate. Some reports cited adjusted earnings of $2.94 per share and revenue above estimates, although another estimate comparison showed revenue of $603.8 million below the $610.2 million consensus. Cullen/Frost Reports Third Quarter Results Cullen/Frost Bankers Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Loan growth was strong. Average loans rose 9.0% year over year to $23.4 billion, while average deposits increased 3.6% to $43.6 billion. Non-interest income also climbed 8.2% to $136.0 million, supporting overall operating performance. Cullen Frost Reports Third Quarter Net Income
• Positive Sentiment: The board declared a quarterly common dividend of $1.03 per share, payable December 15, 2026, along with a dividend on Series B preferred stock. The declaration reinforces the bank’s shareholder-return profile. Cullen/Frost Declares Fourth Quarter Cash Dividend
• Neutral Sentiment: Credit remained manageable, with $12.1 million of credit-loss expense and $8.4 million of net charge-offs. However, non-interest expense increased 7.0% year over year to $377.2 million, which could limit earnings leverage. Cullen/Frost Reports Third-Quarter Net Charge-Offs
• Neutral Sentiment: Zacks Research made small upward revisions to its 2026 and later earnings forecasts but maintained a “Hold” rating, suggesting limited near-term analyst-rating support.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.