What is the 13F Pro Quality Score for CFR?

13F Pro ranks CULLEN/FROST BANKERS, INC. (CFR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View CFR's current score at https://13fpro.ai/company/CFR (free sign-up required for the full ranking).

Which hedge funds own the most CFR stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of CFR include BlackRock,, Aristotle Capital Management,, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/CFR as soon as new 13F filings post.

Where does 13F Pro source CFR data?

All CULLEN/FROST BANKERS, INC. fundamentals and ownership data come directly from SEC EDGAR. CULLEN/FROST BANKERS, INC. files with the SEC under CIK 39263. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is CFR in?

CULLEN/FROST BANKERS, INC. (CFR) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives CFR's revenue?

Per CULLEN/FROST BANKERS, INC.'s latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Banking ($522.3M, +5% YoY); Net interest income ($448.9M, +4% YoY); Non-interest income ($73.4M, +12% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/CFR.

What are CFR's largest expenses?

CULLEN/FROST BANKERS, INC.'s latest 10-Q reports these as the largest expense items: Salaries and wages ($173.0M, +6.7% YoY); Other non-interest expense ($69.5M, -1.2% YoY); Technology, furniture, and equipment ($42.6M, +4.9% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is CFR research updated on 13F Pro?

CFR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

CULLEN/FROST BANKERS, INC.(CFR)Stock Analysis

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SEC EDGAR: CIK 39263 CFR stock profile & AI dashboard →

13F Pro Quality Score

63.4/100

Rank #625 of 2,960 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

51.9/100

Profitability

89.2/100

Balance Sheet

47.0/100

Earnings Quality

37.4/100

Free Cash Flow

77.1/100

Institutional Flow

76.4/100

Revenue Scale

65.4/100

Dilution Risk

54.2/100

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Why CFR Scores 63/100

exact factor attribution · 2026-09-11

CFR's composite is driven by profitability and free cash flow, held back by earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Profitability

+7.8 pts

89th pct

Free cash flow

+4.1 pts

77th pct

Scale

+3.1 pts

65th pct

Institutional flow

+1.8 pts

76th pct

Revenue growth

+0.5 pts

52th pct

Earnings growth

+0.3 pts

54th pct

Shareholder dilution

+0.3 pts

54th pct

Capital efficiency

-0.4 pts

47th pct

Earnings quality

-1.3 pts

37th pct

Latest change (2026-08-02): 67 → 62 · ↓ Revenue growth 73→58; ↓ Dilution 55→10

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

CFR Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for CULLEN/FROST BANKERS, INC. (CFR), a Financials sector company. 13F Pro's AI-powered ranking engine scores CFR at 63.4/100 on a 32-signal composite quality model, placing it at rank #625 of 2,960 stocks — the top 25% of the AI-ranked universe. CFR scores in the top quartile across profitability (89.2), free cash flow (77.1), institutional flow (76.4). Areas of concern include earnings quality (37.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), CULLEN/FROST BANKERS, INC. reports quarterly revenue of $576.0M, net income of $172.1M, an operating margin of 35.5%. Top institutional holders of CFR by reported 13-F value include BlackRock, Aristotle Capital Management, STATE STREET, based on the most recent SEC filings. CFR trades on the NYSE exchange and files with the SEC under CIK 39263. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CFR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CULLEN/FROST BANKERS, INC. directly from SEC EDGAR. CULLEN/FROST BANKERS, INC.'s 13F Pro composite quality score has ranged between 48 and 68 since 2021, currently 63.4 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about CULLEN/FROST BANKERS, INC.

Quirks, history, and lore behind CFR — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. regional bank · mid-cap · listed on the NYSE · headquartered deep in the heart of Texas.
2
The Numbers
It holds roughly $50 billion in assets and operates around 170 financial centers — all of them planted firmly inside one state.
3
The History
Founded in the 1860s, it survived the Civil War aftermath, the Great Depression, and the Texas oil busts — stubbornly refusing to become someone else's branch office.
4
The Secret
It's famous among banking nerds for carrying almost no brokered deposits and maintaining a conservative, relationship-first culture that made it a darling during the 2023 regional banking panic.
5
The Lore
The company is named after two merged Texas banking dynasties — one family name honoring a 19th-century Texas pioneer, the other a nod to a frozen Texas landscape.
6
The Giveaway
When Silicon Valley Bank collapsed in 2023, depositors fleeing chaos piled into this San Antonio-based institution — the one with a chilly surname and a lone-star loyalty to doing business only in Texas.

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What's Driving CFR's Business? Latest 10-Q Breakdown

✓ 23/23 datapoints verified

AI-extracted from CULLEN/FROST BANKERS, INC.'s 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Cullen/Frost posted record Q2 2026 net income available to common shareholders of $170.4M ($2.70 diluted EPS, +9.7% YoY) as net interest margin expanded to 3.75%, even as non-accrual loans nearly doubled to $110.2M on one large construction credit.

Biggest Revenue Drivers

Banking$522.3M+5% YoY

Higher net interest income from loan and tax-exempt securities growth plus lower deposit/repo funding costs, and higher non-interest income including service charges and interchange fees

Frost Wealth Advisors$56.6M+5% YoY

Increase in trust and investment management fees from higher average equity valuations on managed accounts and growth in the number of accounts

Biggest Revenue Drivers

Total revenue: $576.0M+5% YoY

Banking$522.3M+5% YoY

Higher net interest income from loan and tax-exempt securities growth plus lower deposit/repo funding costs, and higher non-interest income including service charges and interchange fees

Within Banking

Net interest income$448.9M+4% YoY

Lower average costs of interest-bearing deposits and repurchase agreements plus higher average loan and tax-exempt securities volumes

Non-interest income$73.4M+12% YoY

Growth in service charges on deposit accounts, interchange fees, and insurance commissions

Frost Wealth Advisors$56.6M+5% YoY

Increase in trust and investment management fees from higher average equity valuations on managed accounts and growth in the number of accounts

Non-Banks-$2.9M

Parent holding company and intercompany eliminations, primarily net interest expense on long-term borrowings

Largest Expense Items

Salaries and wages$173.0M+6.7% YoY

Annual merit and market-based salary increases and growth in the number of employees, plus higher incentive and stock-based compensation

Other non-interest expense$69.5M-1.2% YoY

Decreases in sundry/miscellaneous expense, advertising, and business development, partly offset by a $2.1M increase in fraud losses related to deposits

Technology, furniture, and equipment$42.6M+4.9% YoY

Increases in cloud services, service contracts, and equipment rental expense

Net occupancy$35.2M+1.7% YoY

Higher depreciation on buildings and leasehold improvements, partly offset by lower building insurance and property tax expense

Margins: Taxable-equivalent net interest margin rose 8 basis points YoY to 3.75%, driven by lower average deposit and repurchase agreement funding costs and higher tax-exempt securities yields, partly offset by a 43bp decline in average loan yields as market rates fell.

Watch Items from the Filing

Non-accrual loans held for investment nearly doubled from $70.5M at Dec 31, 2025 to $110.2M at June 30, 2026, driven largely by one $53.9M construction-and-land credit relationship.
Energy loans (5.0% of total loans) and automobile dealership loans (4.7%) are the largest industry concentrations; energy unfunded commitments and standby letters of credit total $1.2B and $93.7M respectively.
Allowance for credit losses on loans fell to 1.23% of total loans (from 1.29% at year-end 2025) even as loans grew 5.0% to $23.0B, with credit loss expense down to $9.8M from $13.1M YoY.
Third-party vendor Sefas Innovation notified Frost Bank on April 22, 2026 of a cybersecurity incident likely involving customer data; company states no system disruption and no material impact expected currently.
Board authorized a new $300.0M stock repurchase program in January 2026; $160.0M (1.16M shares) repurchased during the first half of 2026 under the plan.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$576.0M

Net Income

Q2 2026

$172.1M

Free Cash Flow

Q2 2026

$-7.1M

Operating Margin

Q2 2026

35.5%

ROIC

Q2 2026

17.7%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+8.3% YoY

$2.24BFY 2025

FY22 $1.70BFY23 $1.99BFY24 $2.06BFY25 $2.24B

Net Income

+11.3% YoY

$648.6MFY 2025

FY22 $579.1MFY23 $598.0MFY24 $582.5MFY25 $648.6M

EPS (Diluted)

+11.8% YoY

$9.92FY 2025

FY22 $8.81FY23 $9.10FY24 $8.87FY25 $9.92

Total Assets

+1.0% YoY

$53.04BFY 2025

FY22 $52.89BFY23 $50.85BFY24 $52.52BFY25 $53.04B

Op. Cash Flow

-72.3% YoY

$274.0MFY 2025

FY22 $722.6MFY23 $478.8MFY24 $989.5MFY25 $274.0M

Free Cash Flow

-85.2% YoY

$127.3MFY 2025

FY22 $620.1MFY23 $320.2MFY24 $861.8MFY25 $127.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$2.24B +8.3%	$2.06B +3.8%	$1.99B +17.2%	$1.70B +23.7%	$1.37B -4.8%	$1.44B
Net Income	$648.6M +11.3%	$582.5M -2.6%	$598.0M +3.3%	$579.1M +30.7%	$443.1M +33.8%	$331.2M
EPS (Diluted)	$9.92 +11.8%	$8.87 -2.5%	$9.10 +3.3%	$8.81 +30.3%	$6.76 +32.5%	$5.10
Total Assets	$53.04B +1.0%	$52.52B +3.3%	$50.85B -3.9%	$52.89B +4.0%	$50.88B +20.0%	$42.39B
Operating Cash Flow	$274.0M -72.3%	$989.5M +106.6%	$478.8M -33.7%	$722.6M +11.5%	$648.3M +23.7%	$524.2M
Free Cash Flow	$127.3M -85.2%	$861.8M +169.1%	$320.2M -48.4%	$620.1M +6.5%	$582.4M +35.8%	$428.8M

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Available Research

13F Pro tracks comprehensive data for CULLEN/FROST BANKERS, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of CFR

BlackRock, Inc.
$1.1B7,335,319 sh
Aristotle Capital Management, LLC
$690.0M4,465,464 sh
STATE STREET CORP
$497.3M3,218,249 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$494.7M3,201,314 sh
First Eagle Investment Management, LLC
$429.2M2,777,658 sh
VANGUARD CAPITAL MANAGEMENT LLC
$419.6M2,715,665 sh
BAILLIE GIFFORD & CO
$345.1M2,233,298 sh
DIMENSIONAL FUND ADVISORS LP
$255.4M1,652,820 sh
GEODE CAPITAL MANAGEMENT, LLC
$206.7M1,337,700 sh
KING LUTHER CAPITAL MANAGEMENT CORP
$192.5M1,246,075 sh

Fund	Value	Shares
BlackRock, Inc.	$1.1B	7,335,319
Aristotle Capital Management, LLC	$690.0M	4,465,464
STATE STREET CORP	$497.3M	3,218,249
VANGUARD PORTFOLIO MANAGEMENT LLC	$494.7M	3,201,314
First Eagle Investment Management, LLC	$429.2M	2,777,658
VANGUARD CAPITAL MANAGEMENT LLC	$419.6M	2,715,665
BAILLIE GIFFORD & CO	$345.1M	2,233,298
DIMENSIONAL FUND ADVISORS LP	$255.4M	1,652,820
GEODE CAPITAL MANAGEMENT, LLC	$206.7M	1,337,700
KING LUTHER CAPITAL MANAGEMENT CORP	$192.5M	1,246,075

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Is CFR a good stock to buy?

13F Pro's AI-powered analysis of CULLEN/FROST BANKERS, INC. (CFR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for CFR are available on the CFR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. CFR is classified as a large company.

Which hedge funds own CFR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling CFR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of CULLEN/FROST BANKERS, INC.'s investment landscape.