CFR
Cullen/Frost Bankers, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Neutral
+7/100
Last price
152.96
▼ 0.87 (0.57%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
154.00
Prev close
153.83
Day high
154.76
Day low
151.99
Volume
344.48K
Market cap
$9.51B
P/E (TTM)
14.54
52W range
119.00 – 170.80
Day trading desk
Gap from prior close
+0.11%
Prior close 153.83
VWAP
152.97
-0.01% from price
Relative volume
1.05×
Normal
Session range
1.82%
151.99 – 154.76
Position in range
35%
Mid range
ATR (14D)
2.79
1.82% of price
Prior day high
156.10
PDH
Prior day low
152.86
PDL
Bid / ask spread
—
Quote not published
Session volume
574.63K
Avg 545.11K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-0.81%
-2.8%
1M
-5.94%
-7.1%
3M
-0.49%
-5.0%
6M
+9.07%
-9.1%
YTD
+20.79%
+6.5%
1Y
+20.82%
+4.4%
3Y
+67.70%
-14.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on CFR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
3.82M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 12, 26 | SEVERYN CAROL JEAN Officer |
SELL | 837 | $124.12K | Direct |
| Mar 9, 26 | EDWARDS CRAWFORD H Director |
STOCK | 750 | $0 | Direct |
| Feb 10, 26 | GREEN PHILLIP D Chief Executive Officer |
STOCK | 912 | $0 | Direct |
| Feb 5, 26 | BERMAN ROBERT A Officer |
STOCK | 1.29K | $0 | Direct |
| Feb 5, 26 | BRACHER PAUL H President |
STOCK | 2.30K | $0 | Direct |
| Feb 5, 26 | ALONZO ANNETTE M Officer |
STOCK | 1.64K | $0 | Direct |
| Feb 5, 26 | STEAD JIMMY Officer |
STOCK | 2.15K | $0 | Direct |
| Feb 5, 26 | SEVERYN CAROL JEAN Officer |
STOCK | 1.68K | $0 | Direct |
| Feb 5, 26 | RHODES COOLIDGE E JR General Counsel |
STOCK | 1.72K | $0 | Direct |
| Feb 5, 26 | KASANOFF HOWARD L. Officer |
STOCK | 882 | $0 | Direct |
| Feb 5, 26 | GREEN PHILLIP D Chief Executive Officer |
STOCK | 9.12K | $0 | Direct |
| Jan 30, 26 | BERMAN ROBERT A Officer |
SELL | 1.00K | $137.07K | Direct |
| Dec 12, 25 | PULLIN ERICKA LYNN Officer |
SELL | 0 | $43 | Direct |
| Dec 9, 25 | RHODES COOLIDGE E JR General Counsel |
STOCK | 495 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ALONZO ANNETTE M |
Officer | 35.93K | Stock Award(Grant) |
BERMAN ROBERT A |
Officer | 48.28K | Stock Award(Grant) |
BRACHER PAUL H |
President | 160.08K | Stock Award(Grant) |
EDWARDS CRAWFORD H |
Director | 180.97K | Stock Gift |
GEDDES DAN |
Chief Financial Officer | 10.86K | Conversion of Exercise of derivative security |
GREEN PHILLIP D |
Chief Executive Officer | 151.22K | Stock Gift |
SALINAS JERRY |
Chief Financial Officer | 37.39K | Stock Gift |
SEVERYN CAROL JEAN |
Officer | 22.10K | Sale |
STEAD JIMMY |
Officer | 22.15K | Stock Award(Grant) |
WOLFSHOHL CANDACE K |
Officer | 41.25K | Stock Award(Grant) |
Fundamentals
Market cap$9.51B
Enterprise value$8.57B
Revenue (TTM)$2.26B
Gross profit$2.26B
EBITDA—
Net income$669.44M
EPS (TTM)$10.52
Free cash flow—
Total cash$6.62B
Total debt$5.54B
Book value / share$72.04
Shares outstanding62.15M
Float61.34M
Short % of float7.34%
Dividend yield2.68%
Beta (5Y)0.55
Valuation & profitability ratios
Trailing P/E14.54
Forward P/E12.87
PEG ratio2.83
Price / sales—
Price / book2.12
EV / revenue3.78
EV / EBITDA—
Gross margin0.00%
Operating margin37.24%
Profit margin30.19%
Return on equity15.50%
Return on assets1.30%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.24B | $2.06B | $1.99B | $1.70B | +8.3% |
| Operating revenue | $2.24B | $2.06B | $1.99B | $1.70B | +8.3% |
| Selling, general & admin | $896.37M | $832.51M | $788.22M | $636.30M | +7.7% |
| Pre-tax income | $771.70M | $695.97M | $712.37M | $668.83M | +10.9% |
| Tax provision | $123.14M | $113.42M | $114.40M | $89.68M | +8.6% |
| Net income | $648.56M | $582.54M | $597.97M | $579.15M | +11.3% |
| Net income to common | $635.47M | $569.63M | $585.01M | $567.26M | +11.6% |
| Basic EPS | 9.92 | 8.88 | 9.11 | 8.84 | +11.7% |
| Diluted EPS | 9.92 | 8.87 | 9.10 | 8.81 | +11.8% |
| Basic shares | 64.05M | 64.12M | 64.20M | 64.16M | -0.1% |
| Diluted shares | 64.10M | 64.26M | 64.41M | 64.52M | -0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.86B | $10.22B | $8.60B | $11.82B | — | -13.3% |
| Accounts receivable | — | — | — | $1.08B | $612.50M | — |
| Property, plant & equipment | $1.31B | $1.25B | $1.19B | $1.10B | — | +5.4% |
| Goodwill & intangibles | — | — | — | $655.34M | $655.82M | — |
| Total assets | $53.04B | $52.52B | $50.85B | $52.89B | — | +1.0% |
| Long-term debt | $223.05M | $222.83M | $222.62M | $222.40M | — | +0.1% |
| Total debt | $223.05M | $222.83M | $222.62M | $222.40M | — | +0.1% |
| Total liabilities | $48.47B | $48.62B | $47.13B | $49.76B | — | -0.3% |
| Retained earnings | $4.31B | $3.95B | $3.66B | $3.31B | — | +9.1% |
| Shareholder equity | $4.57B | $3.90B | $3.72B | $3.14B | — | +17.3% |
| Net tangible assets | $4.57B | $3.90B | $3.72B | $3.14B | — | +17.3% |
| Shares issued | 64.40M | 64.40M | 64.40M | 64.35M | — | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $648.56M | $582.54M | $597.97M | $579.15M | +11.3% |
| Depreciation & amortisation | $87.78M | $82.82M | $76.44M | $71.34M | +6.0% |
| Stock-based compensation | $24.75M | $19.76M | $24.59M | $18.32M | +25.3% |
| Change in working capital | -$545.81M | $229.76M | -$296.31M | -$31.41M | -337.6% |
| Operating cash flow | $273.98M | $989.53M | $478.85M | $722.58M | -72.3% |
| Capital expenditure | -$146.65M | -$127.78M | -$158.63M | -$102.50M | -14.8% |
| Investing cash flow | -$1.60B | -$180.88M | -$942.75M | -$8.28B | -785.2% |
| Share buybacks | -$157.83M | -$60.90M | -$42.72M | -$4.39M | -159.2% |
| Dividends paid | -$262.03M | -$249.12M | -$239.00M | -$216.46M | -5.2% |
| Financing cash flow | -$33.09M | $738.33M | -$2.88B | $3.00B | -104.5% |
| Free cash flow | $127.33M | $861.76M | $320.21M | $620.08M | -85.2% |
| End cash position | $8.87B | $10.23B | $8.69B | $12.03B | -13.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $576.01M | $574.84M | $581.06M | $567.08M | $546.88M | +0.2% |
| Operating revenue | $576.01M | $574.84M | $581.06M | $567.08M | $546.88M | +0.2% |
| Selling, general & admin | $214.42M | $218.05M | $274.65M | $209.95M | $201.56M | -1.7% |
| Pre-tax income | $204.54M | $202.41M | $197.98M | $208.01M | $186.62M | +1.1% |
| Tax provision | $32.48M | $31.42M | $31.73M | $33.63M | $29.62M | +3.4% |
| Net income | $172.06M | $170.99M | $166.25M | $174.38M | $157.00M | +0.6% |
| Net income to common | $168.40M | $167.21M | $162.89M | $170.97M | $153.84M | +0.7% |
| Basic EPS | 2.70 | 2.65 | 2.56 | 2.67 | 2.39 | +1.9% |
| Diluted EPS | 2.70 | 2.65 | 2.56 | 2.67 | 2.39 | +1.9% |
| Basic shares | 62.45M | 63.10M | 63.59M | 64.08M | 64.30M | -1.0% |
| Diluted shares | 62.45M | 63.10M | 63.60M | 64.12M | 64.35M | -1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $6.47B | $7.14B | $8.86B | $7.93B | $7.10B | -9.4% |
| Property, plant & equipment | $1.37B | $1.33B | $1.31B | $1.29B | $1.28B | +2.8% |
| Total assets | $53.88B | $52.72B | $53.04B | $52.53B | $51.41B | +2.2% |
| Long-term debt | $223.15M | $223.10M | $223.05M | $222.99M | $222.94M | +0.0% |
| Total debt | $223.15M | $223.10M | $223.05M | $222.99M | $222.94M | +0.0% |
| Total liabilities | $49.26B | $48.19B | $48.47B | $48.07B | $47.21B | +2.2% |
| Retained earnings | $4.52B | $4.41B | $4.31B | $4.23B | $4.12B | +2.4% |
| Shareholder equity | $4.62B | $4.53B | $4.57B | $4.46B | $4.20B | +2.0% |
| Net tangible assets | $4.62B | $4.53B | $4.57B | $4.46B | $4.20B | +2.0% |
| Shares issued | 62.15M | 64.40M | 64.40M | 64.40M | 64.40M | -3.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $172.06M | $170.99M | $166.25M | $174.38M | $157.00M | +0.6% |
| Depreciation & amortisation | $22.43M | $22.22M | $21.82M | $22.23M | $21.84M | +1.0% |
| Stock-based compensation | $5.40M | $5.18M | $11.57M | $4.27M | $4.83M | +4.3% |
| Change in working capital | -$144.13M | $41.36M | -$36.63M | $32.45M | -$57.16M | -448.5% |
| Operating cash flow | $52.94M | $237.32M | $180.74M | $248.58M | $140.77M | -77.7% |
| Capital expenditure | -$60.08M | -$38.60M | -$42.52M | -$36.92M | -$26.27M | -55.6% |
| Investing cash flow | -$1.86B | -$1.33B | $550.30M | -$275.19M | -$57.57M | -39.6% |
| Share buybacks | -$90.89M | -$72.30M | -$85.37M | -$69.78M | -$76.00K | -25.7% |
| Dividends paid | -$66.44M | -$65.68M | -$65.73M | -$66.37M | -$66.60M | -1.2% |
| Financing cash flow | $1.13B | -$637.24M | $202.78M | $850.75M | -$820.52M | +276.6% |
| Free cash flow | -$7.14M | $198.72M | $138.22M | $211.66M | $114.51M | -103.6% |
| End cash position | $6.47B | $7.14B | $8.87B | $7.94B | $7.12B | -9.5% |
Options analytics
Put / call volume
0.57
Call-heavy session
Put / call open interest
0.85
Positioning, not flow
Max pain
155.00
+1.3% from spot
ATM implied vol
25.5%
Nearest strike to spot
Skew (10% OTM)
+0.1%
Puts bid over calls
Call volume
113
Contracts, this expiry
Put volume
64
Contracts, this expiry
Heaviest call OI
165.00
138 contracts
Heaviest put OI
155.00
142 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 2.57 | 2.70 | +5.2% |
| Mar 2026 | 2.49 | 2.65 | +6.3% |
| Dec 2025 | 2.45 | 2.80 | +14.2% |
| Sep 2025 | 2.38 | 2.67 | +12.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 2.80 | 12 | $609.73M | +3.5% |
| Next quarter | 2.85 | 12 | $626.81M | +3.9% |
| Current year | 11.00 | 13 | $2.41B | +4.0% |
| Next year | 11.88 | 13 | $2.57B | +6.4% |
Analyst targets & ownership
Mean target$173.36
High target$201.00
Low target$145.00
Implied upside13.33%
Analyst count14
ConsensusHOLD
Strong buy / Buy3 / 3
Hold8
Sell / Strong sell1 / 0
Held by insiders6.14%
Held by institutions96.07%
Institutions holding714
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
154.65
-1.09% from price
SMA 20
157.66
-2.98% from price
SMA 50
162.02
-5.59% from price
SMA 100
155.34
-1.53% from price
SMA 200
146.75
+4.23% from price
EMA 12
155.38
-1.56% from price
EMA 26
157.73
-3.03% from price
EMA 50
158.54
-3.52% from price
RSI (14)
35.5
Neutral
MACD (12,26,9)
-2.35
Hist -0.34
ATR (14)
2.79
1.82% of price
Realised vol 30D
14.6%
Annualised
Bollinger upper
164.76
20, 2σ
Bollinger lower
150.57
20, 2σ
50 / 200 cross
Golden
162.02 vs 146.75
Trend bias
Above 200
+4.23%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.37
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
14.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-12.0%
Peak to trough
Max drawdown 5Y
-47.3%
Peak to trough
ATR 14
2.79
1.82% of price
Beta (reported)
0.55
5Y monthly, from filing
Short interest
Shares short
4.04M
Prior 3.30M
Change vs prior
+22.4%
Shorts adding
% of float
7.34%
Normal
% of shares out
6.50%
Against total outstanding
Days to cover
8.7
Crowded exit
Float
61.34M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Oct 5, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Oct 1, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Sep 28, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Sep 8, 26 | Morgan Stanley | UPGRADE | Underweight | Overweight |
| Aug 19, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
| Aug 5, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Aug 3, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Jul 31, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Jul 31, 26 | Stephens & Co. | MAINTAINED | Overweight | Overweight |
| Jul 31, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 15, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
Dividends & splits
Forward rate$4.12 / yr
Forward yield2.68%
5-year avg yield2.80%
Payout ratio38.09%
Ex-dividend dateAug 31, 2026
Next pay dateSep 15, 2026
Last split2:1
Split dateJun 23, 1999
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-17
Periodic Financial Reports
10-Q · 2026-07-30
Annual report of employee stock purchase
11-K · 2026-06-26
Corporate Changes & Voting Matters
8-K · 2026-04-30
Corporate Changes & Voting Matters
8-K · 2026-04-29
Annual report of employee stock purchase
11-K · 2026-03-27
Proxy Statements
DEF 14A · 2026-03-20
Corporate Changes & Voting Matters
8-K/A · 2026-03-03
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.