Cullen/Frost Bankers (CFR US)
CFR US$157.01
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 157.01
- Change
- ▼ -0.57 (-0.36)
- Bid / Ask
- 157.02 - 157.20
- Volume
- 181,413
- Turnover
- 22,654,309
- Open
- 157.87
- Day Range
- 156.09 - 157.87
- VWAP
- 157.04
- Prev Close
- 157.58
- Last Trade
- 28/10 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Financial Services
- Shares Issued
- 62,148,785
- NTA/Share
- 72.26
- Last Dividend
- 1.03
- Dividend Ex Date
- 31 AUG 2026
- Dividend Pay Date
- 15 SEP 2026
Current (USD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 2,235.24
- EBITDA
- —
- Profit
- 635.47
- Earnings Per Share (EPS)
- 9.92
- Dividend Per Share (DPS)
- 3.95
- Yield %
- 2.59
- Market Cap
- 9,757.98
- Price to Earnings Ratio (P/E)
- 14.84
Estimates (USD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 2,511.60
- EBITDA
- —
- Profit
- 722.25
- Earnings Per Share (EPS)
- 11.86
- Dividend Per Share (DPS)
- 4.18
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Overvalued
- Economic Moat
- Narrow
- Financial Health
- Strong
- Uncertainty
- High
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 119.44 Fair value 147.60 One-star price 182.41
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 147.60
- Price / Fair Value
- 1.06
- Valuation
- Overvalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 28 OCT 2026. The slider runs from the five-star price (119.44) to the one-star price (182.41).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 157.01 |
| Price - 12 month high | 170.80 |
| Price - 12 month low | 119.16 |
| Pricing date | 27 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.42 |
| Market capitalization | 9,757.98 |
| 12 Month High price date | 17 AUG 2026 |
| 12 Month Low price date | 17 NOV 2025 |
| Volume - avg. trading volume for the last 3 months | 0.51 |
| Price - 1 Day % Change | -0.36% |
| Price - 13 week price percent change | -6.02% |
| Price - 26 week price percent change | 9.46% |
| Price - 5 Day % Change | 0.90% |
| Price - 52 week price percent change | 27.40% |
| Price - YTD price percent change | 22.41% |
| Price % Change Month To Date | 0.38% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 9.920 |
| EPS excluding extraordinary items - trailing 12 month | 10.580 |
| EPS Normalized - most recent fiscal year | 10.205 |
| Revenue/share - most recent fiscal year | 34.872 |
| Revenue/share - trailing 12 month | 36.309 |
| Book value per share - most recent fiscal year | 69.960 |
| Book value per share - most recent quarter | 72.040 |
| Book value (tangible) per share - most recent fiscal year | 72.258 |
| Book value (tangible) per share - most recent quarter | 74.380 |
| Cash per share - most recent fiscal year | 140.066 |
| Cash per share - most recent quarter | 104.058 |
| Cash Flow per share - most recent fiscal year | 12.789 |
| Cash Flow per share - trailing 12 month | 13.054 |
| Dividend per share - most recent fiscal year | 3.950 |
| Dividends per share - trailing 12 month | 4.060 |
| EBITD per share - trailing 12 month | — |
| EPS Basic excluding extraordinary items - most recent fiscal year | 9.920 |
| EPS Basic excluding extraordinary items - trailing 12 month | 10.580 |
| EPS including extraordinary items - most recent fiscal year | 9.920 |
| EPS including extraordinary items - trailing 12 month | 10.580 |
| Free Cash Flow per share - trailing 12 month | 10.241 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 14.84 |
| P/E Normalized, most recent fiscal year | 14.38 |
| Price to sales - most recent fiscal year | 4.32 |
| Price to Tangible Book - most fiscal year | 2.18 |
| Price to Free Cash Flow per Share - most recent fiscal year | 15.33 |
| Price to Cash Flow per share - trailing 12 month | 12.03 |
| Price to Book - most recent fiscal year | 2.18 |
| P/E excluding extraordinary items high, trailing 12 months | 16.27 |
| P/E excluding extraordinary items low, trailing 12 months | 12.33 |
| Net Debt, LFI | 42,002.20 |
| Net Debt, LFY | 38,821.14 |
| Dividend Yield - 5 Year Average | 2.81% |
| Dividend Yield - indicated annual dividend divided by closing price | 2.58% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 2.59% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 673.14 |
| LT debt/equity - most recent fiscal year | — |
| Payout ratio - most recent fiscal year | 39.82% |
| Total debt/total equity - most recent fiscal year | 1,042.75% |
| LT debt/equity - most recent quarter | — |
| Total debt/total equity - most recent quarter | 1,048.52% |
| Free Cash Flow - trailing 12 month | 648.41 |
| Payout ratio - trailing 12 month | 38.09% |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 2,235.24 |
| Revenue - trailing 12 month | 2,298.98 |
| EBITD - most recent fiscal year | — |
| EBITD - trailing 12 month | — |
| Earnings before taxes - most recent fiscal year | 771.70 |
| Earnings before taxes - trailing 12 month | 812.94 |
| Net Income available to common - most recent fiscal year | 635.47 |
| Net Income available to common - trailing 12 months | 669.46 |
| Earnings before taxes Normalized - most recent fiscal year | 793.43 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 10.92 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 29.02% |
| Net Profit Margin % - trailing 12 month | 29.74% |
| Operating margin - 1st historical fiscal year | — |
| Operating margin - trailing 12 month | — |
| Pretax margin - trailing 12 month | 35.36% |
| Pretax margin - 1st historical fiscal year | 34.52% |
| Operating Margin - 5 year average | — |
| Pretax Margin - 5 year average | 35.84% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 33.69% |
| Free Operating Cash Flow/Revenue, TTM | 28.20% |
| Net Profit Margin - 5 year average | 30.76% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 1.24% |
| Return on average assets - trailing 12 month | 1.30% |
| Return on average equity - most recent fiscal year | 15.80% |
| Return on average equity - trailing 12 month | 15.78% |
| Return on average assets - 5 year average | 1.14% |
| Return on average equity - 5 year average | 15.86% |
| Net Income/employee - most recent fiscal year | 107,948.90 |
| Revenue/employee - most recent fiscal year | 372,044.61 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 9.17% |
| EPS growth rate, 5 year | 14.23% |
| Growth rate% - dividend, 3 year | 6.83% |
| Revenue/share (5 yr growth) | 8.79% |
| Growth rate% - Revenue, 3 year | 9.64% |
| Growth rate% - EPS, 3 year | 4.03% |
| Book value per share growth rate, 5 year | 1.23% |
| Capital Spending growth rate, 5 year | 8.98% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (USD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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Action
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Business Summary
Cullen/Frost is a regional US bank with around $54 billion in assets (as of June 2026), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based banking approach that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through targeted branch openings rather than acquisitions. The bank's sweet spot is small to medium-sized Texas-based commercial clients.
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