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Cullen Frost Bankers (CFR)

Cullen/Frost Bankers, Inc. is a financial holding company, headquartered in San Antonio, with $40.1 billion in assets at September 30, 2020. Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped clients with their financial needs during three centuries.

Company profile

Ticker
CFR, CFR-PB
Exchange
CEO
Phillip Green
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CULLEN FROST BANKERS INC
SEC CIK
Subsidiaries
Main Plaza Corporation • Frost Insurance Agency, Inc. • Frost Brokerage Services, Inc. • Frost Investment Advisors, LLC • Frost Investment Services, LLC • Tri-Frost Corporation • Carton Service Corporation ...
IRS number
741751768

CFR stock data

Investment data

Data from SEC filings
Top 50 of 1123 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
$316.03M 1.81M
$299.55M 971.57K
$200.08M 71.79K
$177.69M 951.85K
$159.03M 48.78K
$93.56M 317.95K
$89.75M 377.58K
$84.17M 516.94K
$80.05M 360.95K
$76.45M 169.18K
$70.7M 236.2K
$68.38M 191.34K
$62.21M 108.03K
$61.02M 223.33K
$59.2M 434.29K
$56.95M 262.35K
$54.69M 308.56K
$54.54M 660.36K
$54.12M 117.4K
$52.94M 719.22K
$52.53M 103K
$52.21M 191.33K
$49.63M 461.37K
$49.2M 167.71K
$47.77M 214.84K
$43.73M 286.22K
$43.42M 204.49K
$42.47M 76.26K
$42.29M 645.03K
$41.97M 404.97K
$39.4M 243.01K
$37.15M 196.96K
$34.89M 325.98K
$34.53M 225.93K
$33.81M 545.06K
$33.69M 370.31K
$33.12M 401.15K
$32.62M 71.59K
$30.56M 151.13K
$30.51M 106.55K
$30.38M 221.47K
$29.85M 215.68K
$29.31M 711K
$28.99M 191.02K
$28.48M 246.27K
Vanguard Intl Equity Index F Ftse Emr MKT Etf
$28.47M 617.16K
$27.23M 488.28K
$26.75M 159.8K
$26.67M 240.07K
$26.67M 324.67K
Holdings list only includes long positions. Only includes long positions.

Calendar

28 Apr 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.46B 14.46B 14.46B 14.46B 14.46B 14.46B
Cash burn (monthly) 708.64M 177.16M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.03B 508.65M n/a n/a n/a n/a
Cash remaining 12.42B 13.95B n/a n/a n/a n/a
Runway (months of cash) 17.5 78.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 May 22 Chris Avery Common Stock, $0.01 par value Buy Acquire P Yes No 131.55 5,000 657.75K 17,000
27 Apr 22 Alvarez Carlos Deferred Stock Units Common Stock Grant Acquire A No No 0 598 0 8,609
27 Apr 22 Chris Avery Deferred Stock Units Common Stock Grant Acquire A No No 0 598 0 4,323
27 Apr 22 Chase Anthony R Deferred Stock Units Common Stock Grant Acquire A No No 0 598 0 2,140
80.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 372 367 +1.4%
Opened positions 52 68 -23.5%
Closed positions 47 31 +51.6%
Increased positions 111 108 +2.8%
Reduced positions 136 120 +13.3%
13F shares Current Prev Q Change
Total value 15.06B 8.24B +82.7%
Total shares 51.77M 52.31M -1.0%
Total puts 52.2K 29.1K +79.4%
Total calls 121.8K 113.9K +6.9%
Total put/call ratio 0.4 0.3 +67.7%
Largest owners Shares Value Change
Aristotle Capital Management 7.23M $1B -1.8%
Vanguard 5.91M $817.79M +0.4%
BLK Blackrock 5.03M $696.49M +0.8%
STT State Street 4.16M $575.71M +0.7%
Capital Research Global Investors 2.41M $333.38M +39.1%
King Luther Capital Management 2.22M $306.78M -1.6%
FMR 1.72M $238.34M -35.8%
IVZ Invesco 1.65M $228.9M -16.8%
ATAC Neuberger Berman 1.64M $226.57M -2.5%
Wellington Management 1.34M $185.92M -19.3%
Largest transactions Shares Bought/sold Change
FMR 1.72M -960.79K -35.8%
Capital Research Global Investors 2.41M +676.47K +39.1%
Ardevora Asset Management 650.76K +650.76K NEW
Citadel Advisors 775.8K +630.79K +435.0%
Norges Bank 0 -530.71K EXIT
Champlain Investment Partners 869.74K -473.71K -35.3%
Balyasny Asset Management 404.81K +404.81K NEW
IVZ Invesco 1.65M -333.91K -16.8%
Sprucegrove Investment Management 411.21K -323.7K -44.0%
Wellington Management 1.34M -320.76K -19.3%

Financial report summary

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Management Discussion
  • Net income available to common shareholders totaled $97.4 million, or $1.50 per diluted common share, for the three months ended March 31, 2022 compared to $113.9 million, or $1.77 per diluted common share, for the three months ended March 31, 2021.
  • Net income available to common shareholders decreased $16.4 million, or 14.4%, for the three months ended March 31, 2022 compared to the same period in 2021. The decrease during the three months ended March 31, 2022 was primarily the result of a $28.6 million increase in non-interest expense and a $4.7 million increase in income tax expense partly offset by an $8.2 million increase in net interest income and an $8.2 million increase in non-interest income. Details of the changes in the various components of net income are further discussed below.

Content analysis

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