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/research/CFR (free sign-up required for the full ranking).

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 2026-04-30, the biggest revenue drivers are: Net interest income ($438.5M, +5.4% YoY); Non-interest income ($136.3M, +9.9% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/CFR.

What are CFR's largest expenses?

CULLEN/FROST BANKERS, INC.'s latest 10-Q reports these as the largest expense items: Non-interest expense ($365.7M, +5.1% YoY); Credit loss expense ($6.7M, -48.4% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 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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13F Pro Quality Score

66.5/100

Rank #522 of 2,879 stocksTOP 25%

View Financials peers →

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

Revenue Growth

72.8/100

Profitability

98.5/100

Balance Sheet

46.1/100

Earnings Quality

41.4/100

Free Cash Flow

96.9/100

Institutional Flow

61.4/100

Revenue Scale

19.5/100

Dilution Risk

54.6/100

CFR Stock Analysis & AI Quality Score

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 66.5/100 on a 32-signal composite quality model, placing it at rank #522 of 2,879 stocks — the top 25% of the AI-ranked universe. CFR scores in the top quartile across profitability (98.5), free cash flow (96.9). Areas of concern include revenue scale (19.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), CULLEN/FROST BANKERS, INC. reports quarterly revenue of $574.8M, net income of $171.0M, an operating margin of 35.2%. Top institutional holders of CFR by reported 13-F value include BlackRock,, Aristotle Capital Management,, VANGUARD PORTFOLIO MANAGEMENT, 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 66.5 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.

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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

✓ 21/21 datapoints verified

AI-extracted from CULLEN/FROST BANKERS, INC.'s 10-Q filed 2026-04-30 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Net income rose 13.4% to $169.3M ($2.65 diluted EPS) as net interest income increased $22.3M and credit loss expense fell 49% to $6.7M.

Biggest Revenue Drivers

Total revenue: $574.8M+6.4% YoY

Net interest income$438.5M+5.4% YoY

Decreases in deposit costs and repurchase agreement rates, offset partly by lower loan yields.

Non-interest income$136.3M+9.9% YoY

Trust and investment management fees increased 11.7%; service charges on deposit accounts rose 12.4%.

Largest Expense Items

Non-interest expense$365.7M+5.1% YoY

Increases in salaries and wages (+3.3%), employee benefits (+5.9%), and other non-interest expense (+10.4%).

Credit loss expense$6.7M-48.4% YoY

Loan credit loss expense decreased due to improvements in macroeconomic variables and lower charge-offs.

Margins: Net interest margin expanded 14 basis points to 3.74% from 3.60% YoY, driven by lower deposit costs and repricing of assets, partially offset by 34 bps decline in loan yields due to falling market rates.

Watch Items from the Filing

Energy industry loans increased 10.4% to $1.2B (5.4% of total loans) with unfunded commitments of $1.1B; sensitive to oil price volatility projected to average $67.37/barrel in 2026 baseline.
Accumulated other comprehensive loss increased to $923.5M at March 31, 2026 from $843.0M at year-end due to $80.7M decline in fair value of securities available for sale.
Non-accrual loans increased slightly to $72.4M (0.32% of total loans) from $70.5M; one commercial and industrial credit exceeds $5M at $23.8M.
Regulatory capital ratios exceed requirements; Common Equity Tier 1 ratio of 14.07% well above minimum; proposed Basel III revisions may modestly reduce risk-weighted assets but outcomes remain uncertain.

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

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

Revenue

Q1 2026

$574.8M

Net Income

Q1 2026

$171.0M

Free Cash Flow

Q1 2026

$198.7M

Operating Margin

Q1 2026

35.2%

ROIC

Q1 2026

4.5%

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

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

AI Insight: CFR Financial Trends

Revenue growth accelerated to 3.5% YoY in Q1 2026, but net income softened from Q3 2025 peak as operating cash flow remained solid.

• Revenue grew from $508M in Q2 2024 to $575M in Q1 2026, a cumulative 13.2% increase over ~22 months.

• Net income rose from $145M in Q2 2024 to $171M in Q1 2026, up 17.9%, outpacing revenue growth.

• Operating cash flow averaged $147M across the past four quarters; Q1 2026 generated $237M, the strongest quarterly result since Q3 2024.

⚠ Net income declined $5M from Q3 2025 ($174M) to Q4 2025 ($166M), then rebounded to $171M in Q1 2026—volatility warrants monitoring.

⚠ Equity increased 23.6% from $3,666M in Q2 2024 to $4,531M in Q1 2026, driven by retained earnings growth.

AI Insight: CFR Ratio Trends

Operating margin rebounded to 35.2% in Q1 2026 after Q4 dip, but ROE remains below historical peak of 15.9% from late 2024.

• Net profit margin expanded to 29.8% in Q1 2026, highest since Q3 2025's 30.7%, signaling sustained operational efficiency.

• ROA improved to 1.3% in Q1 2026 from 1.2% average in prior four quarters, matching best recent levels.

• ROIC at 17.9% in Q1 2026 remains below Q2 2024's 19.1%, indicating 120bp headwind versus prior peak.

⚠ ROE declined to 14.5% in Q4 2025, the quarter's low, before recovering modestly to 15.1% in Q1 2026.

⚠ Operating margin volatile quarter-to-quarter (range 33.1%–36.7%); Q1 2026's 35.2% masks underlying inconsistency.

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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.
$970.5M7,079,815 sh
Aristotle Capital Management, LLC
$653.2M4,765,009 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$442.1M3,224,819 sh
STATE STREET CORP
$424.9M3,099,936 sh
VANGUARD CAPITAL MANAGEMENT LLC
$371.5M2,710,045 sh
First Eagle Investment Management, LLC
$310.6M2,265,874 sh
DIMENSIONAL FUND ADVISORS LP
$209.8M1,530,772 sh
GEODE CAPITAL MANAGEMENT, LLC
$182.4M1,330,504 sh
KING LUTHER CAPITAL MANAGEMENT CORP
$181.8M1,325,964 sh
BANK OF AMERICA CORP /DE/
$166.0M1,210,722 sh

Fund	Value	Shares
BlackRock, Inc.	$970.5M	7,079,815
Aristotle Capital Management, LLC	$653.2M	4,765,009
VANGUARD PORTFOLIO MANAGEMENT LLC	$442.1M	3,224,819
STATE STREET CORP	$424.9M	3,099,936
VANGUARD CAPITAL MANAGEMENT LLC	$371.5M	2,710,045
First Eagle Investment Management, LLC	$310.6M	2,265,874
DIMENSIONAL FUND ADVISORS LP	$209.8M	1,530,772
GEODE CAPITAL MANAGEMENT, LLC	$182.4M	1,330,504
KING LUTHER CAPITAL MANAGEMENT CORP	$181.8M	1,325,964
BANK OF AMERICA CORP /DE/	$166.0M	1,210,722

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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.

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.