Citigroup Increases Investment in Cullen/Frost Bankers,
November 28, 2023
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CULLEN/FROST ($NYSE:CFR): Cullen/Frost Bankers, Inc. (CFR) has seen a significant increase in its stock position due to a recent investment by Citigroup Inc. (Citi). CFR is a Texas-based financial holding company offering a wide range of banking and non-bank related services to individual and commercial customers. In addition to conventional banking services, CFR provides a variety of wealth management services, including trust and investment management, brokerage services, and insurance products. It also operates Frost Investment Advisors, LLC, an independent registered investment advisor that provides personalized advice and asset management services to individuals, corporations, and endowments.
Citi’s investment into CFR is a strong indicator of the company’s long-term growth potential and financial strength. With the additional capital available to them, CFR will be able to expand their services and product offerings even further. This move is certain to benefit both Citi and CFR shareholders alike.
Price History
On Monday, CULLEN/FROST BANKERS, Inc., a financial holding company based in San Antonio, Texas, saw its stock gain 0.2% for the day. The stock opened at $98.3 and closed at $99.2 on the day, closing above its previous day closing price of $99.0. This uptick in CULLEN/FROST BANKERS’ shares came as a result of the news that Citigroup Inc. had increased its investment in the company.
The exact amount invested or details of the deal have yet to be disclosed. With the added investment, CULLEN/FROST BANKERS looks to further expand its reach and strengthen its presence in the financial services industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cullen/frost Bankers. More…
| Total Revenues | Net Income | Net Margin |
| – | 678.32 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cullen/frost Bankers. More…
| Operations | Investing | Financing |
| 744.52 | -2.56k | -4.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cullen/frost Bankers. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 48.75k | 45.75k | – |
Key Ratios Snapshot
Some of the financial key ratios for Cullen/frost Bankers are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.4% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has undertaken an analysis of the fundamentals of CULLEN/FROST BANKERS. Our Star Chart indicated that CULLEN/FROST BANKERS is strong in growth, asset, dividend, and medium in profitability. We also gave it a health score of 9/10, considering its cashflows and debt, as we believe it is capable of safely riding out any crisis without the risk of bankruptcy. Based on this, we classified CULLEN/FROST BANKERS as a ‘cheetah’—a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for aggressive returns and are willing to take on some extra risk may be interested in such a company. More…
Peers
Cullen/Frost Bankers Inc faces stiff competition from its rivals South Plains Financial Inc, Amfin Financial Corp, and Financial Institutions Inc. Each of these companies offer similar services and products, making it difficult for Cullen/Frost to differentiate itself in the market. The competitive landscape is ever-changing, and Cullen/Frost must stay on its toes in order to stay competitive.
– South Plains Financial Inc ($NASDAQ:SPFI)
South Plains Financial Inc is a bank holding company based in Lubbock, Texas, with a market cap of 502.01M as of 2022. The company provides a range of banking and financial services to small businesses, agricultural producers, retail customers, and others through its subsidiaries, South Plains Financial, Inc. and South Plains Bank N.A. South Plains Financial offers a wide range of products and services such as deposit accounts, loan products, trust services, wealth management services, and more. The company is committed to providing quality products and solutions that meet the needs of its customers and stakeholders.
– Amfin Financial Corp ($OTCPK:AFNL)
Financial Institutions Inc. has a market cap of $373.71M as of 2022. The company operates a regional financial services network of community banks and credit unions, providing a wide range of services including retail, commercial and corporate banking, investments and insurance, payment processing, and more. Financial Institutions Inc. is committed to helping its customers succeed by providing them with the best-in-class financial solutions and services. With a strong focus on customer service, Financial Institutions Inc. is well-positioned to become a leader in the financial services industry.
Summary
Cullen/Frost Bankers, Inc. has recently seen a significant increase in its stock position, with Citigroup Inc. making a substantial investment. This is likely due to the company’s strong financial performance in recent years, including an increase in revenue, a decrease in expenses, and a decrease in net income. The company’s balance sheet remains healthy, with total assets increasing and total liabilities decreasing.
Additionally, Cullen/Frost Bankers, Inc. is well-capitalized and has a solid return on equity. This suggests that the company is well-positioned for continued financial success and is an attractive option for investors.
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