Zacks Research Has Bullish Estimate for CFR FY2026 Earnings

Cullen/Frost Bankers, Inc. (NYSE:CFR) – Stock analysts at Zacks Research upped their FY2026 earnings per share (EPS) estimates for shares of Cullen/Frost Bankers in a research report issued to clients and investors on Monday, October 26th. Zacks Research analyst Team now forecasts that the bank will post earnings per share of $10.80 for the year, up from their prior estimate of $10.77. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Cullen/Frost Bankers’ current full-year earnings is $10.94 per share. Zacks Research also issued estimates for Cullen/Frost Bankers’ Q4 2027 earnings at $2.70 EPS.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $576.01 million during the quarter, compared to analysts’ expectations of $589.72 million. During the same period last year, the company earned $2.39 earnings per share.

A number of other research analysts have also commented on CFR. Citigroup upped their price objective on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research report on Tuesday, June 30th. Barclays boosted their target price on shares of Cullen/Frost Bankers from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Tuesday, October 13th. Cantor Fitzgerald decreased their price objective on Cullen/Frost Bankers from $175.00 to $167.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Finally, Royal Bank Of Canada dropped their target price on Cullen/Frost Bankers from $176.00 to $175.00 and set a “sector perform” rating for the company in a research report on Friday, October 9th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $169.36.

Cullen/Frost Bankers Trading Down 0.6%

NYSE:CFR opened at $157.71 on Wednesday. Cullen/Frost Bankers has a 1 year low of $119.14 and a 1 year high of $170.80. The firm’s fifty day simple moving average is $158.28 and its 200 day simple moving average is $148.51.

Institutional Investors Weigh In On Cullen/Frost Bankers

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Cullen/Frost Bankers in the second quarter valued at approximately $1,133,453,000. State Street Corp increased its holdings in Cullen/Frost Bankers by 3.8% during the 2nd quarter. State Street Corp now owns 3,218,249 shares of the bank’s stock worth $497,292,000 after purchasing an additional 118,313 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Cullen/Frost Bankers by 22.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock valued at $429,204,000 after purchasing an additional 511,784 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Cullen/Frost Bankers by 18.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock valued at $209,833,000 after purchasing an additional 236,808 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Cullen/Frost Bankers by 11.8% in the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Trending Headlines about Cullen/Frost Bankers

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Zacks Research raised multiple earnings estimates, including its Q3 2026 forecast to $2.76 per share from $2.74, FY2027 to $10.52 from $10.45, and FY2028 to $11.43 from $11.33. The revisions suggest improving expectations for Cullen/Frost’s earnings trajectory, though Zacks maintained a “Hold” rating. Zacks Research earnings estimate revisions
• Positive Sentiment: Cullen/Frost remains in focus as a dividend stock. Zacks highlighted the bank’s income-generating appeal, which may support investor interest, particularly among shareholders seeking reliable distributions. Why Cullen/Frost Bankers Is a Great Dividend Stock Right Now
• Neutral Sentiment: Third-quarter earnings are scheduled for Thursday. Investors will be watching whether results exceed the current consensus and whether management provides encouraging commentary on loan growth, net interest income, credit quality and the interest-rate outlook. Consensus full-year EPS is $10.94. Cullen/Frost Bankers Expected to Announce Earnings
• Negative Sentiment: Executive Ericka Lynn Pullin sold shares after vesting 707 restricted stock units. The transaction appears tied to equity vesting and may have limited informational value, but insider selling can still weigh modestly on sentiment. Ericka Lynn Pullin Vests RSUs and Sells Shares

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers personal and commercial deposit accounts, loans, mortgages, treasury management, payments and other business banking services. The company also provides wealth management, trust and investment services, brokerage services and insurance solutions through its related businesses.

Frost traces its history to 1868, when Thomas Claiborne Frost founded the bank in San Antonio.