Wall Street analyst estimates for Cullen/Frost Bankers, Inc. (CFR): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services.
Consensus price target
$170.11 (+8 % vs price $157.60)
between $155.00 and $201.00 · 7 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $2.4B | $2.4B – $2.5B | $11.09 | 9 |
| 2027E | $2.6B | $2.6B – $2.6B | $12.16 | 11 |
| 2028E | $2.7B | $2.6B – $2.8B | $12.67 | 5 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 7 |
| Hold | 22 |
| Sell | 5 |
| Strong Sell | 0 |
| Total analysts | 34 |
| Avg rating (−2 sell to +2 buy) | 0.06 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-01-28 | $2.85 | ||
| 2026-10-29 | $2.84 | $2.80 | +1.4% |
| 2026-07-30 | $2.70 | $2.55 | +5.9% |
| 2026-04-30 | $2.65 | $2.48 | +6.9% |
| 2026-01-29 | $2.57 | $2.47 | +4.0% |
| 2025-10-30 | $2.67 | $2.38 | +12.2% |
| 2025-07-31 | $2.39 | $2.28 | +4.8% |
| 2025-05-01 | $2.30 | $2.16 | +6.5% |
Valuation Ratios
| P/E Ratio | 14.66 |
| Price / Book | 2.46 |
| Dividend Yield | 2.58% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.14B | $1.23B | $1.40B | $1.50B | $1.49B | $1.40B | $1.88B | $2.65B | $2.85B | $2.92B |
| Cost of Revenue | $63.7M | $62.0M | $115.0M | $163.5M | $286.3M | $24.0M | $187.4M | $705.2M | $851.0M | $728.8M |
| Gross Profit | $1.07B | $1.17B | $1.29B | $1.33B | $1.20B | $1.37B | $1.69B | $1.94B | $2.00B | $2.19B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $450.8M | $476.2M | $491.6M | $525.8M | $507.9M | $524.3M | $636.3M | $788.2M | $832.5M | $896.4M |
| Operating Expenses | $733.0M | $759.1M | $778.8M | $834.7M | $848.9M | $882.0M | $1.02B | $1.23B | $1.30B | $1.42B |
| Operating Income | $341.4M | $408.4M | $508.7M | $499.5M | $351.3M | $489.5M | $668.8M | $712.4M | $696.0M | $771.7M |
| EBITDA | $389.6M | $456.2M | $558.9M | $553.6M | $415.7M | $558.8M | $740.2M | $788.8M | $778.8M | $859.5M |
| Interest Expense | $12.1M | $26.5M | $93.3M | $129.8M | $45.0M | $23.9M | $184.4M | $659.1M | $786.0M | $684.6M |
| Pre-tax Income | $341.4M | $408.4M | $508.7M | $499.5M | $351.3M | $489.5M | $668.8M | $712.4M | $696.0M | $771.7M |
| Income Tax | $37.1M | $44.2M | $53.8M | $55.9M | $20.2M | $46.5M | $89.7M | $114.4M | $113.4M | $123.1M |
| Net Income | $304.3M | $364.1M | $454.9M | $443.6M | $331.2M | $443.1M | $579.1M | $598.0M | $582.5M | $648.6M |
| EPS | $4.73 | $5.56 | $6.97 | $6.88 | $5.11 | $6.79 | $8.84 | $9.11 | $8.88 | $10.02 |
| EPS (Diluted) | $4.70 | $5.51 | $6.90 | $6.81 | $5.09 | $6.74 | $8.79 | $9.08 | $8.87 | $9.92 |
| Shares Outstanding (Diluted) | 63.0 M | 64.7 M | 64.7 M | 63.4 M | 63.0 M | 64.1 M | 64.5 M | 64.4 M | 64.3 M | 64.1 M |
Price
| Price | $157.60 (closing price, October 30, 2026) |
| Market Cap | $9.8B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Financial Services · Banks - Regional
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