CFR Stock Recent News
CFR LATEST HEADLINES
SAN ANTONIO , July 1, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) announced today that Jerry Salinas, group executive vice president & chief financial officer of Cullen/Frost and Frost Bank, has decided to retire at the end of 2024. Salinas has worked at Frost since 1986 in several positions, including being named bank and corporate controller in 1989 and treasurer in 1997.
Cullen/Frost's (CFR) strong balance sheet position and solid net interest income are positives. Escalating costs are likely to impede growth.
Texas regional bank Cullen/Frost Bankers has underperformed the SPDR S&P Regional Banking ETF in the past three months. CFR trades at a higher price to book value and P/E ratio compared to the regional bank average. CFR has strong market share in Texas, is well-capitalized, and has conservative loan underwriting, making it an attractive investment.
Cullen/Frost's (CFR) first-quarter earnings beat estimates on the back of higher non-interest income and loan balances. However, lower NII, high expenses and high provisions turn out to be negatives.
The headline numbers for Cullen/Frost (CFR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $2.70 per share a year ago.
Seeking Clues to Cullen/Frost (CFR) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Cullen/Frost (CFR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Cullen/Frost's (CFR) strong loan book, solid NII and steady capital distribution activities are positives. However, the company is affected by mounting costs and an undiversified loan portfolio.
Phil Green, Frost Bank chair and CEO, joins 'The Exchange' to discuss pressures on regional banks based on geography, commercial real estate, and more.
Cullen/Frost's (CFR) Q4 earnings are favorably impacted by an increase in non-interest income. However, an increase in expenses and deteriorating credit quality are concerning.