Last $77.94 USD
Change Today -0.55 / -0.70%
Volume 501.4K
CFR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

cullen/frost bankers inc (CFR) Snapshot

Open
$78.15
Previous Close
$78.49
Day High
$78.85
Day Low
$77.47
52 Week High
11/10/14 - $82.00
52 Week Low
02/4/14 - $69.87
Market Cap
4.9B
Average Volume 10 Days
350.3K
EPS TTM
$4.24
Shares Outstanding
63.1M
EX-Date
11/25/14
P/E TM
18.4x
Dividend
$2.04
Dividend Yield
2.60%
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 Declares Quarterly Cash Dividend for Common Stock and Preferred Stock Payable on December 15, 2014

The Cullen/Frost Bankers, Inc. board of directors declared a fourth quarter cash dividend of $0.51 per common share. The dividend is payable December 15, 2014 to shareholders of record on November 28, 2014. The Cullen/Frost Bankers, Inc. board of directors also declared a cash dividend of $0.3359375 per share of the Noncumulative Perpetual Preferred Stock, Series A, which is traded on the NYSE under the symbol "CFR PrA." The Series A Preferred Stock dividend is payable on December 15, 2014, to shareholders of record on November 28, 2014.

Cullen/Frost Bankers, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter Ended September 30, 2014

Cullen/Frost Bankers, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $177.978 million compared to $155.353 million a year ago. Income before income taxes was $94.622 million compared to $72.413 million a year ago. Net income available to common shareholders was $75.599 million or $1.19 per diluted share compared to $58.429 million or $0.96 per diluted share a year ago. Book value per common share was $42.40 compared to $38.63 a year ago. Return on average assets was 1.13% compared to 1.01% a year ago. Return on average common equity was 11.32% compared to 10.07% a year ago. For the nine months, the company reported net interest income of $507.942 million compared to $461.347 million a year ago. Income before income taxes was $247.791 million compared to $213.549 million a year ago. Net income available to common shareholders was $199.226 million or $3.18 per diluted share compared to $170.592 million or $2.81 per diluted share a year ago. Return on average assets was 1.06% compared to 1.02% a year ago. Return on average common equity was 10.57% compared to 9.83% a year ago. Net charge-offs during the third quarter ended September 30, 2014 were only $364,000 compared to $5,361,000 a year ago.

Cullen/Frost Bankers, Inc. to Report Q3, 2014 Results on Oct 29, 2014

Cullen/Frost Bankers, Inc. announced that they will report Q3, 2014 results at 11:00 AM, US Eastern Standard Time on Oct 29, 2014

 

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Industry Analysis

CFR

Industry Average

Valuation CFR Industry Range
Price/Earnings 18.9x
Price/Sales 5.1x
Price/Book 1.9x
Price/Cash Flow 18.5x
TEV/Sales NM Not Meaningful
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