| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 50 | 15.4x | 17.8x | Around median | |
Growth | 47 | 7.4% | 7.1% | Around median | |
Quality | 84 | — | — | Top tier | |
Safety | 13 | — | — | Bottom tier | |
Capital Return | 47 | 2.47% | 2.12% | Around median | |
Momentum | 89 | 24.9% | 2.9% | Top tier | |
Sentiment | 67 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Cullen/Frost Bankers, Inc., listed under the ticker CFR on NYSE, operates in banking services within Texas through commercial and consumer lending, deposit gathering, wealth management, and insurance brokerage. Income generation relies on net interest income from loans and the securities portfolio, alongside fees associated with accounts, cards, merchant services, asset management, and insurance. In fiscal Q2 2026, average loans totaled $22.6 billion and average deposits totaled $42.6 billion, while period-end consumer loans exceeded $4.5 billion.
According to EDGAR data, the company recorded revenue of $576.0 million, net income of $172.1 million, and earnings per share of $2.70 in fiscal Q2 2026. Management stated on the July 30, 2026 call that earnings were approximately $170 million, up 9.7% year over year, and that earnings per share rose 13% from $2.39, while return on average assets was 1.31% and return on average common equity was 15.41%. The data does not report a gross profit margin, but the net interest margin, the bank's most important operating metric, improved to 3.75% from 3.74% in the previous quarter.
The growth mix came from commercial and consumer activities, with a clear contribution from expansion branches. Consumer loans grew 20% annually, the number of consumer checking account households increased 5.7%, and expansion branches reached $3.0 billion in loans, $3.7 billion in deposits, and more than 100 thousand new households. These branches also contributed 53% of average loan growth and 72% of average deposit growth, and added $0.16, or 5.8%, to fiscal Q2 2026 earnings per share.
The average analyst price target is $158.86, with a wide range from $141 to $183 and a neutral consensus, reflecting a divergence between the strength of organic growth and the risks from credit, competition, and deposit costs. The average target is below the 52-week range high of $170.8, while the highest target exceeds that high and the lowest target remains above the range low of $119; the data does not provide a valid earnings multiple for constructing an additional comparison.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
According to EDGAR, Cullen/Frost recorded revenue of $576.0 million, net income of $172.1 million, and earnings per share of $2.70 in fiscal Q2 2026. Management stated on the July 30, 2026 call that earnings increased 9.7% and earnings per share rose 13% year over year. Support came from growth in net interest income, fees, and loans, with the net interest margin rising to 3.75%.
By the end of fiscal Q2 2026, expansion branches had reached $3.0 billion in loans, $3.7 billion in deposits, and more than 100 thousand new households. Average loans at these branches grew 38% annually and their deposits grew 20%, contributing 53% of loan growth and 72% of deposit growth. The expansion added $0.16 to quarterly earnings per share and $0.30 from the beginning of fiscal 2026 through the end of the second quarter.
Management expects net interest income growth of between 4.75% and 5.25% and average loan growth of between 7% and 8% in fiscal 2026. It also expects average deposit growth of 2%–3% and non-interest income growth of 7.5%–8.5%, compared with non-interest expense growth of 4.5%–5.0%. The outlook includes an assumption of a 25 basis point federal interest rate increase in September 2026, with an impact estimated by management at approximately $2 million per month on net interest income.
Automated analysis for informational purposes only — not investment advice.
Loans classified as credit problems declined to $917 million from $989 million in the previous quarter, but nonperforming assets increased to $114 million from $73 million. The increase came primarily from a multifamily real estate loan in Austin of approximately $54–55 million, with a specific reserve of approximately $1.5 million. Net charge-offs were $9.5 million, or an annualized 17 basis points of average loans, compared with 11 basis points in the previous quarter.
Consumer loans at the end of fiscal Q2 2026 increased to more than $4.5 billion, representing annual growth of $751 million, or 20%. Mortgages alone contributed an increase of $533 million, and management reported that 45% of its customers were new to the bank. Approximately 4,000 of these customers were converted to a checking account or another product, with average balances of approximately $22,500, but the refinancing share declined from 46% in the first quarter to 36% in the second quarter.
The net interest margin was 3.75% in fiscal Q2 2026, and management expects it to improve during the fiscal year by approximately 10–13 basis points compared with 3.66% in fiscal 2025. Assets benefit from the repricing of more than $500 million in fixed-rate loans and the August 2026 maturity of a $250 million Treasury security yielding less than 1%. Conversely, the cost of interest-bearing deposits increased to 1.61% in the quarter and to 1.66% in June 2026, making competition for deposits an important factor in the margin trajectory.
