National Commercial Banks · SIC 6021

CULLEN/FROST BANKERS, INC.

CFR

Watch

Latest revenue

$251.5M

as of 2026-03-31

Latest net income

$171.0M

as of 2026-03-31

Net margin

68.0%

as of 2026-03-31

Price · 5Y

+5.9% / yr 7.9 pts / yr vs S&P 500 32.9% total
Compare:

Live market

delayed ≤15 min
$139.38
0.27%
Market cap
$8.75B
Enterprise value
$8.75B
P/E (trailing)
13.5×
Forward P/E
P/B
Dividend yield
2.9%
52-wk high
$148.97
52-wk low
$119.00
Beta
Shares out
62.8M

5-year trend

What this company does

AI

ITEM 1. BUSINESS The disclosures set forth in this item are qualified by Item 1A. Risk Factors and the section captioned “Forward-Looking Statements and Factors that Could Affect Future Results” in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of this report and other cautionary statements set forth elsewhere in this report. The Corporation Cullen/Frost Bankers, Inc., a Texas business corporation incorporated in 1977, is a financial holding company and a bank holding company headquartered in San Antonio, Texas that provides, through its subsidiaries, a broad array of products and services throughout numerous Texas markets. The terms…

AI summary unavailable — showing raw filing excerpt

Generated from CFR's filing dated 2026-02-05

Key risks

AI

ITEM 1A. RISK FACTORS An investment in our common stock is subject to risks inherent to our business. The material risks and uncertainties that management believes affect us are described below. Before making an investment decision, you should carefully consider the risks and uncertainties described below together with all of the other information included or incorporated by reference in this report. The risks and uncertainties described below are not the only ones facing us. Additional risks and uncertainties that management is not aware of or focused on or that management currently deems immaterial may also impair our business operations. This report is qualified in its entirety by these…

AI summary unavailable — showing raw filing excerpt

Generated from CFR's filing dated 2026-02-05

Profitability

Net margin

22.2%

8.7%

Return on equity

14.2%

5.1%

Return on assets

1.1%

99.8%

Leverage

Debt / equity

-1.00×

108.0%

Long-term debt / equity

0.03×

14.7%

Debt / assets

92.6%

103.7%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$251.5M+4.7%$171.0M+13.3%68.0%

Q4 2025

2025-12-31

$2.20B-0.8%$166.3M+7.4%7.6%

Q3 2025

2025-09-30

$251.6M+18.0%$174.4M+19.0%69.3%

Q2 2025

2025-06-30

$229.9M+9.4%$157.0M+7.9%68.3%

Q1 2025

2025-03-31

$240.3M+14.7%$150.9M+11.2%62.8%

Q4 2024

2024-12-31

$2.22B$154.9M7.0%

Q3 2024

2024-09-30

$213.3M+1.6%$146.5M-5.9%68.7%

Q2 2024

2024-06-30

$210.2M+2.3%$145.5M-10.3%69.2%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

National Commercial Banks · SIC 6021

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Insider activity

Insider buying

$0

Insider selling

$226.0K

Net activity

−$226.0K

Distinct insiders

3

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-01-30

Bobby Berman

GEVP Research & Strategy

Sale1,000$137.07$137.1K
2025-12-12

Ericka Lynn Pullin

GEVP, Culture & People Dev.

Sale0$129.72$43
2025-12-09

Coolidge E Rhodes JR

Group EVP General Counsel/Sec

Sale700$127.00$88.9K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns CFR

Institutional value

$4.41B

Total shares held

33.5M

Distinct holders

383

As of

2026-03-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.7.1M$970.5MNew
2VANGUARD PORTFOLIO MANAGEMENT LLC3.2M$442.1MNew
3VANGUARD CAPITAL MANAGEMENT LLC2.7M$371.5MNew
4First Eagle Investment Management, LLC2.3M$310.6MNew
5DIMENSIONAL FUND ADVISORS LP1.5M$209.8MNew
6KING LUTHER CAPITAL MANAGEMENT CORP1.3M$181.8MNew
7Boston Trust Walden Corp967.8K$132.7MNew
8Champlain Investment Partners, LLC855.2K$117.2MNew
9FIRST TRUST ADVISORS LP789.9K$108.3MNew
10PRINCIPAL FINANCIAL GROUP INC662.3K$90.8MNew
11WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC611.8K$83.9MNew
12JPMORGAN CHASE & CO614.1K$83.1MNew
13Bank of New York Mellon Corp543.5K$74.5MNew
14SEI INVESTMENTS CO518.1K$71.0MNew
15Impax Asset Management Group plc493.0K$67.6MNew
16Artemis Investment Management LLP417.2K$57.2MNew
17Alberta Investment Management Corp400.0K$54.8MNew
18VANGUARD FIDUCIARY TRUST CO387.8K$53.2MNew
19Madison Asset Management, LLC335.6K$46.0MNew
20DEPRINCE RACE & ZOLLO INC328.5K$45.0MNew

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once CFR's latest filing finishes processing.