Cullen/Frost: Earnings Remain Subdued, But The Valuation Is Still Attractive
Shares of Texas-based Cullen/Frost have been a bit mixed since my opening piece, underperforming regional banks, albeit still delivering a 15% total return. Funding cost pressure continues to ease up, though flat earning-asset balances and elevated expenses continue to weigh on earnings. These shares look attractive at 13x EPS, with Frost's exclusive Texan footprint and expansion into new markets able to deliver more than enough growth to justify this.
Cullen/Frost (CFR) Q2 Earnings Beat Estimate, NII Rises Y/Y
Cullen/Frost's (CFR) second-quarter earnings beat estimates on the back of higher NII, fee income and loan balance. However, rising expenses alongside high credit loss expenses remain woes.
Cullen/Frost Bankers, Inc. (CFR) Q2 2024 Earnings Call Transcript
Cullen/Frost Bankers, Inc. (CFR) Q2 2024 Earnings Conference Call July 25, 2024 2:00 PM ET Company Participants A.B. Mendez - Senior Vice President & Director of Investor Relations Phil Green - Chairman & Chief Executive Officer Dan Geddes - San Antonio Region President Jerry Salinas - Group Executive Vice President & Chief Financial Officer Conference Call Participants Steven Alexopoulos - JPMorgan Dave Rochester - Compass Point Ebrahim Poonawala - Bank of America Peter Winter - D.A.
Compared to Estimates, Cullen/Frost (CFR) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Cullen/Frost (CFR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cullen/Frost Bankers (CFR) Beats Q2 Earnings and Revenue Estimates
Cullen/Frost Bankers (CFR) came out with quarterly earnings of $2.21 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.47 per share a year ago.
Cullen/Frost Bankers (CFR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Cullen/Frost (CFR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cullen/Frost (CFR) Surges 3.8%: Is This an Indication of Further Gains?
Cullen/Frost (CFR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Will Cullen/Frost (CFR) Beat Estimates Again in Its Next Earnings Report?
Cullen/Frost (CFR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Cullen/Frost (CFR) Thrives on Organic Growth Amid Cost Woes
Cullen/Frost's (CFR) strong balance sheet position and solid net interest income are positives. Escalating costs are likely to impede growth.
Cullen/Frost Bank's Strengths Are Undervalued
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.
