Cullen/Frost Bankers Inc - Understand $cfr stock

$CFR Market Cap: $7.005 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.501B

TTM

Gross Margin

Net Earnings

$533.1M

TTM

Current Assets

Current Liabilities

$4.636B

Q2 2024

Current Ratio

Total Assets

$48.84B

Q2 2024

Total Liabilities

$45.18B

Q2 2024

Book Value

$3.666B

Q2 2024

Cash

$7.145B

Q2 2024

P/E

13.14

Sep 13, 2024 EST

Free Cash Flow

$635.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$1.987B	$1.696B	$1.372B	$1.441B	$1.368B	$1.309B	$1.203B	$1.126B	$1.065B	$1.007B	$923.4M	$893.6M	$871.8M	$617.3M
YoY Change	17.16%	23.66%	-4.85%	5.38%	4.49%	8.84%	6.82%	5.7%	5.79%	9.07%	3.33%	2.51%	41.22%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.987B	$1.696B	$1.372B	$1.441B	$1.368B	$1.309B	$1.203B	$1.126B	$1.065B	$1.007B	$923.4M	$893.6M	$871.8M	$617.3M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$60.60M	$57.40M	$55.10M	$49.90M	$41.00M	$37.20M	$36.30M	$48.20M	$42.10M	$39.90M	$38.50M	$37.80M	$37.60M	$37.60M	$36.50M	$33.60M	$31.40M	$25.20M	$24.40M	$24.50M	$25.80M	$27.10M	$35.50M	$34.00M	$32.70M	$30.00M	$26.50M	$24.90M	$18.80M	$18.40M	$16.80M	$8.800M	$7.500M	$8.200M	$7.000M	$7.200M
YoY Change	5.57%	4.17%	10.42%	21.71%	10.22%	2.48%	-24.69%	14.49%	5.51%	3.64%	1.85%	0.53%	0.0%	3.01%	8.63%	7.01%	24.6%	3.28%	-0.41%	-5.04%	-4.8%	-23.66%	4.41%	3.98%	9.0%	13.21%	6.43%	32.45%	2.17%	9.52%	90.91%	17.33%	-8.54%	17.14%	-2.78%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$659.1M	$184.4M	$23.90M	$45.03M	$129.8M	$93.31M	$26.53M	$12.08M	$12.86M	$14.54M	$21.95M	$26.75M	$41.24M	$53.88M
YoY Change	257.33%	671.64%	-46.92%	-65.3%	39.09%	251.77%	119.65%	-6.13%	-11.51%	-33.76%	-17.97%	-35.13%	-23.46%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$712.4M	$668.8M	$489.5M	$351.3M	$499.5M	$508.7M	$408.4M	$341.4M	$319.8M	$336.0M	$290.9M	$308.5M	$286.2M	$266.3M	$232.8M	$296.9M	$309.9M	$285.4M	$244.4M	$209.0M	$192.5M	$180.1M	$119.9M	$170.0M	$151.9M	$117.7M	$112.5M	$97.30M	$81.60M	$63.90M	$46.00M	$25.80M	$800.0K	-$8.000M	$2.900M	$2.600M	$2.400M	-$6.600M	$10.40M	$15.50M	-$40.60M
YoY Change	6.51%	36.62%	39.34%	-29.66%	-1.81%	24.57%	19.61%	6.76%	-4.83%	15.52%	-5.7%	7.77%	7.47%	14.41%	-21.59%	-4.19%	8.58%	16.78%	16.94%	8.57%	6.89%	50.21%	-29.47%	11.92%	29.06%	4.62%	15.62%	19.24%	27.7%	38.91%	78.29%	3125.0%	-110.0%	-375.86%	11.54%	8.33%	-136.36%	-163.46%	-32.9%	-138.18%
Income Tax	$114.4M	$89.68M	$46.46M	$20.17M	$55.87M	$53.76M	$44.21M	$37.15M	$40.47M	$58.05M	$53.02M	$70.52M	$68.70M	$57.58M	$53.70M	$89.60M	$97.80M	$91.80M	$79.00M	$67.70M	$62.00M	$57.80M	$39.70M	$58.70M	$52.10M	$42.10M	$39.60M	$34.40M	$28.20M	$22.10M	$1.800M	$8.200M	$600.0K	$200.0K	$200.0K	$200.0K	$400.0K	$0.00	$100.0K	$300.0K	-$18.30M
% Of Pretax Income	16.06%	13.41%	9.49%	5.74%	11.19%	10.57%	10.83%	10.88%	12.66%	17.27%	18.23%	22.86%	24.0%	21.62%	23.07%	30.18%	31.56%	32.17%	32.32%	32.39%	32.21%	32.09%	33.11%	34.53%	34.3%	35.77%	35.2%	35.35%	34.56%	34.59%	3.91%	31.78%	75.0%		6.9%	7.69%	16.67%		0.96%	1.94%
Net Earnings	$598.0M	$579.2M	$443.1M	$331.2M	$443.6M	$454.9M	$364.1M	$304.3M	$279.3M	$278.0M	$237.9M	$238.0M	$217.5M	$208.8M	$179.0M	$207.3M	$212.1M	$193.6M	$165.4M	$141.3M	$130.5M	$117.0M	$80.90M	$108.8M	$97.60M	$75.60M	$73.00M	$62.90M	$53.40M	$41.80M	$52.60M	$24.10M	$200.0K	-$8.200M	$2.700M	$2.400M	$2.000M	-$6.600M	$10.30M	$15.10M	-$22.30M
YoY Change	3.25%	30.71%	33.8%	-25.35%	-2.49%	24.93%	19.68%	8.93%	0.49%	16.86%	-0.04%	9.39%	4.2%	16.63%	-13.65%	-2.26%	9.56%	17.05%	17.06%	8.28%	11.54%	44.62%	-25.64%	11.48%	29.1%	3.56%	16.06%	17.79%	27.75%	-20.53%	118.26%	11950.0%	-102.44%	-403.7%	12.5%	20.0%	-130.3%	-164.08%	-31.79%	-167.71%
Net Earnings / Revenue	30.09%	34.15%	32.3%	22.97%	32.43%	34.75%	30.27%	27.02%	26.22%	27.6%	25.76%	26.63%	24.95%	33.82%
Basic Earnings Per Share	$9.11	$8.84	$6.79	$5.11	$6.89	$6.97	$5.56	$4.73	$4.31	$4.32	$3.82	$3.87	$3.55	$3.44
Diluted Earnings Per Share	$9.10	$8.81	$6.76	$5.10	$6.84	$6.90	$5.51	$4.70	$4.28	$4.29	$3.80	$3.86	$3.54	$3.44	$3.008M	$3.502M	$3.559M	$3.427M	$3.080M	$2.661M	$2.476M	$2.233M	$1.518M	$2.026M	$1.784M	$1.382M	$1.332M	$1.154M	$988.9K	$781.3K	$988.7K	$546.5K	$4.963K	-$212.4K	$70.87K	$64.52K	$55.87K	-$207.5K	$308.4K	$449.4K	-$712.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$1.190B	$1.103B	$1.050B	$1.046B	$1.012B	$552.0M	$521.0M	$526.0M	$559.0M	$442.0M	$313.0M	$316.0M	$319.0M	$317.0M	$324.0M	$267.0M	$220.0M	$220.0M	$182.0M	$170.0M	$169.0M	$171.0M	$149.0M	$150.0M	$143.0M	$137.0M	$129.0M	$102.0M	$89.00M	$89.00M	$87.00M	$82.00M	$80.00M	$70.00M	$72.00M	$64.00M	$65.00M	$89.00M	$94.00M	$94.00M	$95.00M
YoY Change	7.92%	5.02%	0.38%	3.36%	83.33%	5.95%	-0.95%	-5.9%	26.47%	41.21%	-0.95%	-0.94%	0.63%	-2.16%	21.35%	21.36%	0.0%	20.88%	7.06%	0.59%	-1.17%	14.77%	-0.67%	4.9%	4.38%	6.2%	26.47%	14.61%	0.0%	2.3%	6.1%	2.5%	14.29%	-2.78%	12.5%	-1.54%	-26.97%	-5.32%	0.0%	-1.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$50.85B	$52.89B	$50.88B	$42.39B	$34.03B	$32.29B	$31.75B	$30.20B	$28.57B	$28.28B	$24.31B	$23.12B	$20.32B	$17.62B	$16.29B	$15.03B	$13.49B	$13.22B	$11.74B	$9.953B	$9.672B	$9.536B	$8.370B	$7.660B	$6.997B	$6.870B	$6.046B	$4.888B	$4.200B	$3.794B	$3.639B	$3.151B	$3.079B	$3.255B	$3.505B	$3.386B	$3.182B	$3.410B	$3.472B	$3.382B	$3.064B
YoY Change
Accounts Payable	$527.6M	$544.4M	$441.0M	$407.0M	$222.0M	$172.0M	$195.0M	$169.0M	$203.0M	$250.0M	$218.0M	$424.0M	$331.0M	$227.0M	$206.0M	$296.0M	$145.0M	$167.0M	$457.0M	$141.0M	$156.0M	$122.0M	$120.0M	$122.0M	$102.0M	$107.0M	$114.0M	$93.00M	$102.0M	$40.00M	$50.00M	$40.00M	$34.00M	$47.00M	$40.00M	$38.00M	$39.00M	$37.00M	$36.00M	$31.00M	$25.00M
YoY Change	-3.08%	23.44%	8.35%	83.33%	29.07%	-11.79%	15.38%	-16.75%	-18.8%	14.68%	-48.58%	28.1%	45.81%	10.19%	-30.41%	104.14%	-13.17%	-63.46%	224.11%	-9.62%	27.87%	1.67%	-1.64%	19.61%	-4.67%	-6.14%	22.58%	-8.82%	155.0%	-20.0%	25.0%	17.65%	-27.66%	17.5%	5.26%	-2.56%	5.41%	2.78%	16.13%	24.0%
Accrued Expenses	$316.4M	$321.9M	$313.0M	$323.0M	$324.0M
YoY Change	-1.71%	2.84%	-3.1%	-0.31%
Deferred Revenue
YoY Change
Short-Term Debt	$4.141B	$4.712B	$2.767B	$2.117B	$1.695B	$1.368B	$1.148B	$977.0M	$894.0M	$803.0M	$668.0M	$561.0M	$722.0M	$476.0M	$482.0M	$1.073B	$933.0M	$864.0M	$741.0M	$506.0M	$422.0M	$811.0M	$305.0M	$363.0M	$333.0M	$306.0M	$201.0M	$174.0M	$111.0M	$370.0M	$167.0M	$122.0M	$88.00M	$141.0M	$282.0M	$279.0M	$280.0M	$273.0M	$312.0M	$279.0M	$252.0M
YoY Change	-12.12%	70.3%	30.7%	24.9%	23.9%	19.16%	17.5%	9.28%	11.33%	20.21%	19.07%	-22.3%	51.68%	-1.24%	-55.08%	15.01%	7.99%	16.6%	46.44%	19.91%	-47.97%	165.9%	-15.98%	9.01%	8.82%	52.24%	15.52%	56.76%	-70.0%	121.56%	36.89%	38.64%	-37.59%	-50.0%	1.08%	-0.36%	2.56%	-12.5%	11.83%	10.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$4.985B	$866.3M	$754.0M	$730.0M	$546.0M	$172.0M	$195.0M	$169.0M	$203.0M	$250.0M	$218.0M	$424.0M	$331.0M	$227.0M	$206.0M	$296.0M	$145.0M	$167.0M	$457.0M	$141.0M	$156.0M	$122.0M	$120.0M	$122.0M	$102.0M	$107.0M	$114.0M	$93.00M	$102.0M	$40.00M	$50.00M	$40.00M	$34.00M	$47.00M	$40.00M	$38.00M	$39.00M	$37.00M	$36.00M	$31.00M	$25.00M
YoY Change	475.51%	14.89%	3.29%	33.7%	217.44%	-11.79%	15.38%	-16.75%	-18.8%	14.68%	-48.58%	28.1%	45.81%	10.19%	-30.41%	104.14%	-13.17%	-63.46%	224.11%	-9.62%	27.87%	1.67%	-1.64%	19.61%	-4.67%	-6.14%	22.58%	-8.82%	155.0%	-20.0%	25.0%	17.65%	-27.66%	17.5%	5.26%	-2.56%	5.41%	2.78%	16.13%	24.0%
Long-Term Debt	$222.6M	$222.4M	$222.0M	$235.0M	$235.0M	$235.0M	$235.0M	$236.0M	$236.0M	$237.0M	$224.0M	$224.0M	$224.0M	$374.0M	$393.0M	$393.0M	$400.0M	$429.0M	$415.0M	$378.0M	$256.0M	$271.0M	$251.0M	$102.0M	$99.00M	$98.00M	$98.00M	$0.00	$0.00	$0.00	$0.00	$13.00M	$15.00M	$16.00M	$23.00M	$42.00M	$47.00M	$56.00M	$75.00M	$70.00M	$51.00M
YoY Change	0.1%	0.18%	-5.53%	0.0%	0.0%	0.0%	-0.42%	0.0%	-0.42%	5.8%	0.0%	0.0%	-40.11%	-4.83%	0.0%	-1.75%	-6.76%	3.37%	9.79%	47.66%	-5.54%	7.97%	146.08%	3.03%	1.02%	0.0%					-100.0%	-13.33%	-6.25%	-30.43%	-45.24%	-10.64%	-16.07%	-25.33%	7.14%	37.25%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$222.6M	$222.4M	$222.0M	$235.0M	$235.0M	$235.0M	$235.0M	$236.0M	$236.0M	$237.0M	$224.0M	$224.0M	$224.0M	$374.0M	$393.0M	$393.0M	$400.0M	$429.0M	$415.0M	$378.0M	$256.0M	$271.0M	$251.0M	$102.0M	$99.00M	$98.00M	$98.00M	$0.00	$0.00	$0.00	$0.00	$13.00M	$15.00M	$16.00M	$23.00M	$42.00M	$47.00M	$56.00M	$75.00M	$70.00M	$51.00M
YoY Change	0.1%	0.18%	-5.53%	0.0%	0.0%	0.0%	-0.42%	0.0%	-0.42%	5.8%	0.0%	0.0%	-40.11%	-4.83%	0.0%	-1.75%	-6.76%	3.37%	9.79%	47.66%	-5.54%	7.97%	146.08%	3.03%	1.02%	0.0%					-100.0%	-13.33%	-6.25%	-30.43%	-45.24%	-10.64%	-16.07%	-25.33%	7.14%	37.25%
Total Liabilities	$47.13B	$49.76B	$46.44B	$38.10B	$30.12B	$28.92B	$28.45B	$27.19B	$25.68B	$25.43B	$21.80B	$20.71B	$18.03B	$15.56B	$14.39B	$13.27B	$12.01B	$11.85B	$10.76B	$9.130B	$8.902B	$8.832B	$7.775B	$7.087B	$6.487B	$6.357B	$5.583B	$4.509B	$3.859B	$3.498B	$3.366B	$2.945B	$2.903B	$3.081B	$3.326B	$3.211B	$3.011B	$3.243B	$3.310B	$3.223B	$2.910B
YoY Change	-5.28%	7.14%	21.89%	26.5%	4.12%	1.67%	4.62%	5.91%	0.98%	16.64%	5.27%	14.82%	15.94%	8.07%	8.46%	10.52%	1.36%	10.11%	17.84%	2.56%	0.79%	13.59%	9.71%	9.25%	2.04%	13.86%	23.82%	16.84%	10.32%	3.92%	14.3%	1.45%	-5.78%	-7.37%	3.58%	6.64%	-7.15%	-2.02%	2.7%	10.76%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	64.20M shares	64.16M shares	63.61M shares	62.73M shares	62.74M shares	63.70M shares	63.69M shares	62.38M shares	62.76M shares	62.07M shares	60.35M shares	61.30M shares	61.10M shares	60.41M shares
Diluted Shares Outstanding	64.40M shares	64.52M shares	64.10M shares	63.00M shares	63.44M shares	64.69M shares	64.66M shares	62.97M shares	63.47M shares	62.97M shares	61.12M shares	61.64M shares	61.28M shares	60.59M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $7.0045 Billion

About Cullen/Frost Bankers Inc

Cullen/Frost Bankers, Inc. is a financial holding company, which engages in the provision of commercial and consumer banking services. The company is headquartered in San Antonio, Texas and currently employs 5,495 full-time employees. The firm's segments include Banking and Frost Wealth Advisors. The Banking segment includes both commercial and consumer banking services and Frost Insurance Agency. Its commercial banking services are provided to corporations and other business clients and include a range of lending and cash management products. Its consumer banking services include direct lending and depository services. Its Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and securities brokerage services. The firm serves a range of industries, including energy, manufacturing, construction, and others.

Industry: National Commercial Banks Peers: Comerica Inc Commerce Bancshares Inc East West Bancorp Inc First Citizens BancShares Inc (Delaware) First Horizon Corp PNC Financial Services Group Inc Signature Bank Corp Zions Bancorporation NA Webster Financial Corp