Zacks Research Boosts Earnings Outlook for Cullen/Frost Bankers,

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CULLEN/FROST ($NYSE:CFR): Zacks Research Brokers have recently increased their earnings estimates for Cullen/Frost Bankers, Inc. (NYSE:CFR), a financial holding company headquartered in San Antonio, Texas. The company provides a wide range of banking, investment, trust and insurance products and services to primarily commercial and industrial customers in Texas and other select markets in the United States. It also provides retail banking services through its retail banking offices and Internet banking services. The new earnings estimates from Zacks Research Brokers have provided a much-needed boost for the company. The upgrade is credited to both an increase in the volume of business and the company’s successful strategy of diversifying its customer base.

This has allowed the company to increase its market share, while continuing to generate strong returns on its investments. As a result, Cullen/Frost Bankers, Inc. has seen an increase in its share price, and the company is expected to see further growth in 2021. With the strong outlook for the company’s earnings, investors can expect to benefit from both short-term and long-term benefits. It’s a great time to consider investing in Cullen/Frost Bankers, Inc., as it is well-positioned for continued growth in the near future.

Earnings

According to the latest earnings report from CULLEN/FROST BANKERS, Inc. for the third quarter ending September 30 2021, the company has earned a total revenue of 27.21M USD. This figure is a 3.3% decrease from the same quarter last year, though the company has seen an increase in total revenue over the past three years, reaching up to 31.58M USD. In response to this, Zacks Research has recently boosted their earnings outlook for the company.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cullen/frost Bankers. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cullen/frost Bankers. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cullen/frost Bankers. More…

Key Ratios Snapshot

Some of the financial key ratios for Cullen/frost Bankers are shown below. More…

Share Price

In the report, Zacks highlighted the company’s strong financial performance and investments in digital banking services and technology. This marks the second consecutive day of growth for Cullen/Frost Bankers, Inc., who have seen their stock price rise steadily since the beginning of 2021. With their strong financials and recent investments in digital banking, Cullen/Frost Bankers is well-positioned to continue to grow in the near future. Live Quote…

Analysis

Based on GoodWhale’s analysis of CULLEN/FROST BANKERS‘ financials, we conclude that the company is in very good health overall. Our star chart shows a health score of 9/10 due to its strong cashflows and debt that are capable of sustaining future operations in times of crisis. As far as growth, asset, dividend, and profitability is concerned, CULLEN/FROST BANKERS is strong in the former three and medium in profitability. After taking into account all these factors, we can classify CULLEN/FROST BANKERS as a ‘cheetah’ type of company. It has achieved high revenue or earnings growth, but is considered to be less stable due to its lower profitability. Investors who are looking for high growth with medium risk may find this type of company attractive. 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. is a leading banking and financial services company operating across the South-Central United States. Recently, analysts at Zacks Research have raised their earnings estimates for the company, citing positive long-term prospects for the firm. According to the analysts’ report, Cullen/Frost is well positioned to benefit from an increase in both consumer and small business activity within its markets. The company also stands to gain from its increasing focus on technology investments, digital solutions, and innovative services.

Furthermore, the firm’s solid balance sheet and cash flow are expected to sustain its profitability in the long run. With this in mind, analysts remain optimistic about the company’s future and have increased their estimates accordingly.