Frost Bank Stock Market Symbol Performance and Financial Results

Frost Bank's stock market symbol is FROST. The bank has a long history, dating back to 1868 when it was founded in San Antonio, Texas.

FROST is a publicly traded company listed on the New York Stock Exchange (NYSE). In 2019, Frost Bank's market capitalization was around $13.6 billion.

Frost Bank's financial results have been consistently strong, with a return on equity (ROE) of 13.5% in 2020. This is a testament to the bank's efficient operations and solid business model.

FROST's stock price has been steadily increasing over the years, with a compound annual growth rate (CAGR) of 10.3% from 2015 to 2020.

Frost Bank's stock performance has been steady, with the regional bank continuing to crank out solid results. This consistency has led Cullen/Frost Bankers to believe their stock is undervalued, which is a good sign for investors.

The bank has even authorized a new $100 million stock repurchase plan, showing confidence in their financials. This move can help boost their stock price and make it more attractive to investors.

Frost Bank has a rich history, and its stock price has fluctuated over the years.

In the 35-year period from 1987 to 2022, Frost Bank's stock price had its fair share of ups and downs.

Frost Bank's stock price peaked at $65.51 in 1999 and had a low of $12.55 in 2002.

During this time, the bank's stock price experienced significant growth, increasing by 422% from 1999 to 2022.

Frost Bank's steady performance and commitment to customer satisfaction likely contributed to its stock price stability.

The bank's stock price has shown resilience in the face of economic downturns, such as the 2008 financial crisis.

Despite a brief dip in 2008, Frost Bank's stock price recovered and continued to grow.

Cullen/Frost Bankers is a 150-year-old business that's still going strong, with a remarkable profit growth that's hard to ignore.

A business of this age and size is rare, and it's even more impressive that it's reporting such strong profit growth.

This kind of performance is a testament to the bank's stability and resilience, and it's something that investors should take note of.

It's not often that a business can thrive for so long, but Cullen/Frost Bankers is doing just that.

Cullen/Frost Bankers has reported strong net interest income growth, with a 4.4% increase to $425.2 million in Q3 2024 and a 2.2% rise to $417.6 million in Q2 2024.

Average loans have consistently increased, with a 11.8% rise to $20.1 billion in Q3 2024 and an 11.3% increase to $19.7 billion in Q2 2024. Average deposits have been relatively stable, with a slight 0.2% decrease to $40.7 billion in Q3 2024 and a 1.2% decrease to $40.5 billion in Q2 2024.

The company has maintained strong capital ratios, with a Common Equity Tier 1 ratio of 13.55% in Q3 2024 and 13.35% in Q2 2024, both well above regulatory requirements.

Cullen/Frost Bankers reported a net income of $143.8 million in Q2 2024, a decrease from $160.4 million in Q2 2023.

The company's earnings per share decreased to $2.21 from $2.47 year-over-year.

Net interest income rose 2.2% to $417.6 million in Q2 2024.

Average loans increased 11.3% to $19.7 billion, while average deposits decreased 1.2% to $40.5 billion.

Cullen/Frost's board increased the quarterly dividend by 3.3% to $0.95 per share.

The company maintains strong capital ratios, with Common Equity Tier 1 at 13.35%, well above regulatory requirements.

Cullen/Frost Bankers, Inc. reported a net income of $144.8 million in the third quarter of 2024.

This is a decrease from the $154.0 million net income reported in the same quarter the previous year. Earnings per share also decreased to $2.24 from $2.38 year-over-year.

Net interest income rose 4.4% to $425.2 million, with average loans increasing 11.8% to $20.1 billion. However, average deposits slightly decreased by 0.2% to $40.7 billion.

The company declared a Q4 cash dividend of $0.95 per common share, and non-interest income increased 7.3% to $113.7 million. Non-interest expense rose 10.3% to $323.4 million.

Cullen/Frost Bankers maintained strong capital ratios with Common Equity Tier 1 at 13.55%.

Cullen/Frost Bankers' valuation metrics are a mixed bag. The Price/Earnings (Normalized) ratio is 15.66 for CFR, 10.98 for RF, and 12.72 for FITB.

The bank's Price/Book Value ratio is 2.40 for CFR, 1.31 for RF, and 1.64 for FITB. This suggests that CFR is trading at a premium to its book value, while RF and FITB are trading at a discount.

Here are the valuation metrics for each company:

Despite the mixed bag, Cullen/Frost's valuation is still attractive, as mentioned in Example 2.

Cullen/Frost Bankers has a Price/Earnings (Normalized) ratio of 15.66, which is higher than its peers, including Regions Financial (RF) and First Interstate BancSystem (FITB), with ratios of 10.98 and 12.72, respectively.

The Price/Book Value ratio for Cullen/Frost is 2.40, significantly higher than RF's 1.31 and FITB's 1.64.

Cullen/Frost's Price/Sales ratio is 4.37, surpassing RF's 3.03 and FITB's 3.51.

The Price/Cash Flow ratio for Cullen/Frost is 11.87, outpacing RF's 8.18 and FITB's 8.51.

Cullen/Frost's earnings 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, which is a positive sign for the bank.

The bank's recent Q3 2024 results show a net income of $144.8 million, down from $154.0 million in Q3 2023. Earnings per share decreased to $2.24 from $2.38 year-over-year.

Despite the decline in earnings, Cullen/Frost's valuation remains attractive. The bank has a strong track record of steady results and has authorized a new $100 million stock repurchase plan.

Cullen/Frost's net interest income rose 4.4% to $425.2 million in Q3 2024, with average loans increasing 11.8% to $20.1 billion. This suggests that the bank's loan growth is still strong.

The bank's capital ratios are also a positive sign, with Common Equity Tier 1 at 13.55%, well above regulatory requirements. This indicates that Cullen/Frost is in a solid financial position.

A 3.3% increase in the quarterly dividend to $0.95 per share is also a positive development. This shows that the bank is confident in its ability to distribute profits to shareholders.

Overall, while Cullen/Frost's earnings may be subdued, the bank's valuation remains attractive. With its strong loan growth and solid capital ratios, Cullen/Frost is a bank worth keeping an eye on.

Cullen/Frost Bankers reported solid loan growth with average loans increasing 11.3% to $19.7 billion in Q2 2024.

The company's loan growth is a positive sign, indicating that Cullen/Frost is successfully executing its organic growth strategy.

Average deposits decreased 1.2% to $40.5 billion in Q2 2024, a relatively small decline considering the overall growth.

The bank maintains strong capital ratios, with Common Equity Tier 1 at 13.35%, well above regulatory requirements.

Cullen/Frost's capital ratios are a testament to its financial stability and ability to weather economic fluctuations.

The company's board increased the quarterly dividend by 3.3% to $0.95 per share, a move that will benefit shareholders.

Cullen Frost reported a net income of $143.8 million in Q2 2024, down from $160.4 million in Q2 2023.

The company's earnings per share decreased to $2.21 from $2.47 year-over-year. This decrease in earnings is a notable trend in the bank's recent performance.

Net interest income rose 2.2% to $417.6 million, a slight increase from previous quarters. Average loans increased 11.3% to $19.7 billion, indicating solid loan growth for the bank.

Average deposits decreased 1.2% to $40.5 billion, a decrease that may be a concern for investors. The company's board increased the quarterly dividend by 3.3% to $0.95 per share.

Cullen Frost maintains strong capital ratios, with Common Equity Tier 1 at 13.35%, well above regulatory requirements. This indicates a healthy financial position for the bank.