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Cullen/Frost Bankers, Inc.. (CFR-PB) Stock Fundamental Analysis & AI Rating 2026

CFR-PB NYSE National Commercial Banks TX CIK: 0000039263
Updated This Month • Analysis: Mar 22, 2026 • SEC Data: 2025-12-31
Combined AI Rating
BUY
66% Confidence
AGREEMENT
HOLD
62% Conf
BUY
69% Conf

📊 CFR-PB Key Takeaways

Revenue: $2.2B
Net Margin: 29.0%
Free Cash Flow: $127.3M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $9.92
AI Rating: HOLD with 62% confidence
Cullen/Frost Bankers, Inc.. (CFR-PB) receives a BUY rating with 66% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.2B, net profit margin of 29.0%, and return on equity (ROE) of 14.2%, Cullen/Frost Bankers, Inc.. demonstrates strong fundamentals in the Finance sector. Below is our complete CFR-PB stock analysis for 2026.

Is Cullen/Frost Bankers, Inc.. (CFR-PB) a Good Investment?

Claude

Cullen/Frost demonstrates solid profitability with a 29% net margin and 14.2% ROE, supported by strong liquidity (8.9B cash) and zero leverage. However, the dramatic 1738.6% revenue surge is anomalous and likely driven by accounting changes or acquisitions rather than organic growth, raising concerns about sustainable earnings quality and the normalization of net income growth to just 1% YoY.

ChatGPT

Cullen/Frost shows solid core bank fundamentals, with strong profitability reflected in a 29.0% net margin, 14.2% ROE, and 1.2% ROA. Balance sheet liquidity appears healthy with $8.87B of cash against a well-capitalized equity base, but growth quality is mixed because net income rose only 1.0% despite extreme reported revenue growth, suggesting classification noise rather than broad operating acceleration.

Why Buy Cullen/Frost Bankers, Inc.. Stock? CFR-PB Key Strengths

Claude
  • + Exceptional net profit margin of 29% indicates strong pricing power and operational efficiency
  • + Conservative balance sheet with zero debt and substantial cash reserves of 8.9B providing financial stability
  • + Positive free cash flow of 127.3M demonstrates ability to fund operations and returns to shareholders
  • + ROE of 14.2% shows reasonable returns on shareholder capital in banking context
ChatGPT
  • + Strong profitability with 34.5% operating margin and 29.0% net margin
  • + Healthy returns for a bank at 14.2% ROE and 1.2% ROA
  • + Solid liquidity position with $8.87B in cash and no meaningful long-term debt reported

CFR-PB Stock Risks: Cullen/Frost Bankers, Inc.. Investment Risks

Claude
  • ! Unexplained 1738.6% revenue spike is unsustainable and suggests one-time items or accounting adjustments masking underlying performance
  • ! Anemic 1% net income growth YoY despite massive revenue increase indicates margin compression and deteriorating earnings quality
  • ! Low ROA of 1.2% is weak for a bank and suggests asset utilization challenges or asset quality concerns
  • ! Interest coverage of only 1.5x is concerning and indicates limited capacity to service obligations from operating income
ChatGPT
  • ! Reported revenue growth of 1738.6% appears low quality or accounting-driven since net income grew only 1.0%
  • ! Interest coverage of 1.5x suggests limited cushion if funding costs stay elevated
  • ! Bank earnings remain exposed to credit deterioration and pressure on net interest margins

Key Metrics to Watch

Claude
  • * Normalized organic revenue growth excluding one-time items to assess sustainable business trajectory
  • * Net interest margin and loan portfolio quality given weak ROA and interest coverage metrics
  • * Free cash flow sustainability as FCF margin of 5.7% may compress if profitability normalizes
ChatGPT
  • * Net interest margin and deposit/funding costs
  • * Credit quality trends including charge-offs and nonperforming assets

Cullen/Frost Bankers, Inc.. (CFR-PB) Financial Metrics & Key Ratios

Revenue
$2.2B
Net Income
$648.6M
EPS (Diluted)
$9.92
Free Cash Flow
$127.3M
Total Assets
$53.0B
Cash Position
$8.9B

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

CFR-PB Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 34.5%
Net Margin 29.0%
ROE 14.2%
ROA 1.2%
FCF Margin 5.7%

CFR-PB vs Finance Sector: How Cullen/Frost Bankers, Inc.. Compares

How Cullen/Frost Bankers, Inc.. compares to Finance sector averages

Net Margin
CFR-PB 29.0%
vs
Sector Avg 25.0%
CFR-PB Sector
ROE
CFR-PB 14.2%
vs
Sector Avg 12.0%
CFR-PB Sector
Current Ratio
CFR-PB 0.0x
vs
Sector Avg 1.2x
CFR-PB Sector
Debt/Equity
CFR-PB 0.0x
vs
Sector Avg 2.0x
CFR-PB Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Cullen/Frost Bankers, Inc.. Stock Overvalued? CFR-PB Valuation Analysis 2026

Based on fundamental analysis, Cullen/Frost Bankers, Inc.. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
14.2%
Sector avg: 12%
Net Profit Margin
29.0%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Cullen/Frost Bankers, Inc.. Balance Sheet: CFR-PB Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.00x
Debt/Assets
91.4%
Interest Coverage
1.48x
Long-term Debt
N/A

CFR-PB Revenue & Earnings Growth: 5-Year Financial Trend

CFR-PB 5-year financial data: Year 2021: Revenue $89.0M, Net Income $443.6M, EPS $6.84. Year 2022: Revenue $91.9M, Net Income $331.2M, EPS $5.10. Year 2023: Revenue $93.5M, Net Income $443.1M, EPS $6.76. Year 2024: Revenue $106.2M, Net Income $579.2M, EPS $8.81. Year 2025: Revenue $121.6M, Net Income $598.0M, EPS $9.10.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Cullen/Frost Bankers, Inc..'s revenue has grown significantly by 37% over the 5-year period, indicating strong business expansion. The most recent EPS of $9.10 reflects profitable operations.

CFR-PB Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
5.7%
Free cash flow / Revenue

CFR-PB Quarterly Earnings & Performance

Quarterly financial performance data for Cullen/Frost Bankers, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $27.4M $146.5M $2.24
Q2 2025 $26.1M $145.5M $2.21
Q1 2025 $24.8M $135.7M $2.06
Q3 2024 $23.6M $146.5M $2.24
Q2 2024 $23.5M $145.5M $2.21
Q1 2024 $21.9M $135.7M $2.06
Q3 2023 $23.0M $155.7M $2.38
Q2 2023 $23.5M $119.1M $1.81

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Cullen/Frost Bankers, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$274.0M
Cash generated from operations
Stock Buybacks
$157.8M
Shares repurchased (TTM)
Capital Expenditures
$146.7M
Investment in assets
Dividends Paid
$255.4M
Returned to shareholders

CFR-PB SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Cullen/Frost Bankers, Inc.. (CIK: 0000039263)

📋 Recent SEC Filings

Date Form Document Action
Mar 20, 2026 DEF 14A cfr-20260320.htm View →
Mar 16, 2026 4 xslF345X05/wk-form4_1773675034.xml View →
Mar 6, 2026 4 xslF345X05/wk-form4_1772834512.xml View →
Feb 11, 2026 4 xslF345X05/wk-form4_1770828209.xml View →
Feb 11, 2026 8-K cfr-20260211.htm View →

Frequently Asked Questions about CFR-PB

What is the AI rating for CFR-PB?

Cullen/Frost Bankers, Inc.. (CFR-PB) has a Combined AI Rating of BUY from Claude (HOLD) and ChatGPT (BUY) with 66% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are CFR-PB's key strengths?

Claude: Exceptional net profit margin of 29% indicates strong pricing power and operational efficiency. Conservative balance sheet with zero debt and substantial cash reserves of 8.9B providing financial stability. ChatGPT: Strong profitability with 34.5% operating margin and 29.0% net margin. Healthy returns for a bank at 14.2% ROE and 1.2% ROA.

What are the risks of investing in CFR-PB?

Claude: Unexplained 1738.6% revenue spike is unsustainable and suggests one-time items or accounting adjustments masking underlying performance. Anemic 1% net income growth YoY despite massive revenue increase indicates margin compression and deteriorating earnings quality. ChatGPT: Reported revenue growth of 1738.6% appears low quality or accounting-driven since net income grew only 1.0%. Interest coverage of 1.5x suggests limited cushion if funding costs stay elevated.

What is CFR-PB's revenue and growth?

Cullen/Frost Bankers, Inc.. reported revenue of $2.2B.

Does CFR-PB pay dividends?

Cullen/Frost Bankers, Inc.. pays dividends, with $255.4M distributed to shareholders in the trailing twelve months.

Where can I find CFR-PB SEC filings?

Official SEC filings for Cullen/Frost Bankers, Inc.. (CIK: 0000039263) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CFR-PB's EPS?

Cullen/Frost Bankers, Inc.. has a diluted EPS of $9.92.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is CFR-PB a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Cullen/Frost Bankers, Inc.. has a BUY rating with 66% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is CFR-PB stock overvalued or undervalued?

Valuation metrics for CFR-PB: ROE of 14.2% (sector avg: 12%), net margin of 29.0% (sector avg: 25%). Higher ROE suggests strong returns relative to peers.

Should I buy CFR-PB stock in 2026?

Our dual AI analysis gives Cullen/Frost Bankers, Inc.. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is CFR-PB's free cash flow?

Cullen/Frost Bankers, Inc..'s operating cash flow is $274.0M, with capital expenditures of $146.7M. FCF margin is 5.7%.

How does CFR-PB compare to other Finance stocks?

Vs Finance sector averages: Net margin 29.0% (avg: 25%), ROE 14.2% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 22, 2026 | Data as of: 2025-12-31 | Powered by Claude AI