Last $80.04 USD
Change Today -0.17 / -0.21%
Volume 191.5K
CFR On Other Exchanges
Symbol
Exchange
New York
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As of 2:48 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

cullen/frost bankers inc (CFR) Snapshot

Open
$80.06
Previous Close
$80.21
Day High
$80.87
Day Low
$79.64
52 Week High
07/1/14 - $81.02
52 Week Low
09/19/13 - $68.01
Market Cap
5.0B
Average Volume 10 Days
241.0K
EPS TTM
$3.97
Shares Outstanding
63.0M
EX-Date
08/27/14
P/E TM
20.2x
Dividend
$2.04
Dividend Yield
2.52%
Current Stock Chart for CULLEN/FROST BANKERS INC (CFR)

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cullen/frost bankers inc (CFR) Details

Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking, and other financial products and services primarily in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, such as financing for industrial and commercial properties, as well as for interim construction; financing for equipment, inventories, and accounts receivable; acquisition financing; commercial leasing; and treasury management services. The company also offers consumer banking services, including checking accounts, savings programs, automated teller machines, overdraft facilities, installment and real estate loans, home equity loans and lines of credit, deposit services, safe deposit facilities, and brokerage services. In addition, it provides international banking services comprising accepting deposits, making loans, issuing letters of credit, handling foreign collections, transmitting funds, and dealing in foreign exchange. Further, the company operates as a correspondent for approximately 332 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; and provides capital markets services, such as sales and trading, new issue underwriting, money market trading, and securities safekeeping and clearance. It operates approximately 110 financial centers and 1,100 automated-teller machines in Texas. Additionally, the company, through its other subsidiaries, offers insurance brokerage services; brokerage services, as well as sale and purchase of securities; investment advisory and private equity services to middle market companies; and loans to qualified borrowers. It serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. The company was founded in 1868 and is headquartered in San Antonio, Texas.

3,979 Employees
Last Reported Date: 02/6/14
Founded in 1868

cullen/frost bankers inc (CFR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $895.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $500.0K
Director, Member of Executive Committee and P...
Total Annual Compensation: $450.0K
President of Frost Bank and Chief Business Ba...
Total Annual Compensation: $450.0K
President of State Regions of Frost Bank
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

cullen/frost bankers inc (CFR) Key Developments

Cullen/Frost Bankers, Inc. Declares Third Quarter 2014 Cash Dividend on Common Stock and Noncumulative Perpetual Preferred Stock, Series A, Payable on September 15, 2014

The board of directors of Cullen/Frost Bankers, Inc. declared a third quarter 2014 cash dividend of $0.51 per common share. The dividend is payable September 15, 2014, to shareholders of record on August 29, 2014. The board of directors also declared a cash dividend of $0.3359375 per share of the Noncumulative Perpetual Preferred Stock, Series A. The Series A Preferred Stock dividend is payable on September 15, 2014, to shareholders of record on August 29, 2014.

Cullen/Frost Bankers, Inc. Names Jack Wood as Director

Jack Wood, former president and chief executive officer of Western National Bank, has been elected to the Cullen/Frost Bankers, Inc.'s board of directors.

Cullen/Frost Bankers, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

Cullen/Frost Bankers, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company has reported net interest income of $169,629,000 compared to $153,181,000 a year ago. Income before income taxes was $79,885,000 compared to $72,357,000 a year ago. Net income was $66,470,000 compared to $59,663,000 a year ago. Net income available to common shareholders was $64,455,000 compared to $56,975,000 a year ago. Diluted earnings per share were $1.02 compared to basic and diluted earnings per share of $0.94 a year ago. Return on average assets was 1.04% compared to 1.03% a year ago. Return on average common equity was 10.33% compared to 9.93% a year ago. For the six months, the company has reported net interest income of $329,964,000 compared to $305,994,000 a year ago. Income before income taxes was $153,169,000 compared to $141,136,000 a year ago. Net income was $127,658,000 compared to $114,851,000 a year ago. Net income available to common shareholders was $123,627,000 compared to $112,163,000 a year ago. Diluted earnings per share were $1.99 compared to $1.85 a year ago. Book value per common share as on June 30, 2014 was $41.72 compared to $37.91 as on June 30, 2013. Return on average assets was 1.02% compared to 1.02% a year ago. Return on average common equity was 10.15% compared to 9.71% a year ago. The company announced operating earnings for 2014. And excluding the $0.06 in transaction costs in the current year related to the WNB acquisition, the company is currently believe that 2014 mean for analyst estimates of $4.13 is a little low and that estimates near the high end of the range would be more reasonable. For the quarter, the company reported net charge-offs of $1,794,000 compared to $3,764,000 a year ago.

 

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CFR

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Valuation CFR Industry Range
Price/Earnings 20.5x
Price/Sales 5.3x
Price/Book 1.9x
Price/Cash Flow 20.1x
TEV/Sales NM Not Meaningful
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