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Last €56.12 EUR
Change Today +2.26 / 4.19%
Volume 0.0
CFZ On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:00 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

cullen/frost bankers inc (CFZ) Snapshot

Open
€56.12
Previous Close
€53.87
Day High
€56.12
Day Low
€56.12
52 Week High
06/29/15 - €71.38
52 Week Low
08/26/15 - €52.42
Market Cap
3.5B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
63.2M
EX-Date
08/27/15
P/E TM
--
Dividend
€2.12
Dividend Yield
3.16%
Current Stock Chart for CULLEN/FROST BANKERS INC (CFZ)

cullen/frost bankers inc (CFZ) Related Businessweek News

No Related Businessweek News Found

cullen/frost bankers inc (CFZ) Details

Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates through two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, such as financing for industrial and commercial properties, interim construction, equipment, inventories, and accounts receivable; acquisition financing; commercial leasing; and treasury management services. The company also offers consumer banking services, including checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, deposit services, and brokerage services. In addition, it provides international banking services, such as accepting deposits, making loans, issuing letter of credits, handling foreign collections, transmitting funds, and dealing in foreign exchange. Further, the company acts as a correspondent for approximately 266 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services comprising sales and trading, new issue underwriting, money market trading, and securities safekeeping and clearance; and supports international business activities. Additionally, it offers insurance brokerage services; securities brokerage services; investment advisory and private equity services to middle market companies; and loans to qualified borrowers, as well as provides investment management services to Frost-managed mutual funds, institutions, and individuals. The company operates approximately 123 financial centers and 1,190 ATMs in Texas. It serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.

4,154 Employees
Last Reported Date: 02/5/15
Founded in 1868

cullen/frost bankers inc (CFZ) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $920.0K
President
Total Annual Compensation: $515.0K
Director, Member of Executive Committee, Memb...
Total Annual Compensation: $463.5K
Group Executive Vice President of Frost Bank ...
Total Annual Compensation: $463.5K
Compensation as of Fiscal Year 2014.

cullen/frost bankers inc (CFZ) Key Developments

Cullen/Frost Bankers, Inc Declares Second Quarter Cash Dividend on Common Share and Perpetual Preferred Stock, Payable on September 15, 2015

Cullen/Frost Bankers, Inc. board of directors declared a third quarter cash dividend of $0.53 per common share. The dividend is payable September 15, 2015, to shareholders of record on August 31, 2015. The board of directors also declared a cash dividend of $0.3359375 per share of the Noncumulative Perpetual Preferred Stock, Series A. The Series A Preferred Stock dividend is payable on September 15, 2015, to shareholders of record on August 31, 2015.

Cullen/Frost Bankers, Inc. Announces Management Changes

Cullen/Frost Bankers, Inc. announced that the company's Chairman and CEO Dick Evans will retire effective March 31, 2016. At that time, the company's President Phillip D. Green will become chairman and CEO and will replace Evans on the Cullen/Frost board of directors. Evans served at Frost for nearly 45 years, almost 18 as CEO. Evans will serve as a strategic counselor to Phil Green and be available for customer relationships and other activities for at least five years after his retirement. In addition to Evans' retirement, the company announced that Emily Skillman, group executive vice president of human resources, will also retire on March 31, 2016, after 27 years of service. Skillman will continue as chief human resources officer through the date of her retirement. Annette Alonzo, who has been with Frost for 26 years, will replace Skillman as group executive vice president of Human Resources and a member of the executive team, effective July 29, 2015. The company announced two other additions to the company's executive team, effective immediately: Gary McKnight, has been named group executive vice president, Technology and Operations, and Candace Wolfshohl, has been promoted to group executive vice president of Culture and People Development. Dick Evans joined Frost in 1971 and has been Cullen/Frost CEO since 1997. Phil Green has been with Frost for 35 years, serving as Cullen/Frost president since January. Green joined the company in 1980 and held a number of managerial positions in the financial division before serving as chief financial officer from 1995 to 2015. Emily Skillman joined Frost in 1988 as an assistant in commercial lending. She served as an executive assistant on the management platform before moving to human resources, where she held several leadership positions. Annette Alonzohas been with Frost for 26 years, the past 10 years as corporate human resources manager, overseeing employee relations, recruitment, affirmative action and diversity programs, Frost A-Team and human resources technology. Alonzo joined Frost in 1989 as a teller, rising over the years to recruiter and employee relations supervisor, and both regional and statewide HR manager. Candace Wolfshohl joined Frost in 1983, rising to become leadership development manager and director of training and development in 2006. As part of the plan of succession, Cullen/Frost announced the appointment of Paul H. Bracher, age 58, as President of Cullen/Frost effective March 31, 2016, succeeding Mr. Green in the office of President. Mr. Bracher has served as Chief Banking Officer of Frost since January 28, 2015 and previously served as President, State Regions since 2001. Following his appointment as President of Cullen/Frost effective March 31, 2016, Mr. Bracher will continue as Chief Banking Officer of Frost. Annette Alonzo will succeed Ms. Skillman as Chief Human Resources Officer of Frost Bank effective March 31, 2016.

Cullen/Frost Bankers, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter of 2015

Cullen/Frost Bankers, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has reported net interest income of $182,809,000 compared to $169,966,000 a year ago. Income before income taxes was $85,679,000 compared to $80,245,000 a year ago. Net income was $73,077,000 compared to $66,704,000 a year ago. Net income available to common shareholders was $71,062,000 compared to $64,689,000 a year ago. Diluted earnings per share were $1.11 compared to $1.03 a year ago. Return on average assets was 1.03% compared to 1.05% a year ago. Return on average common equity was 10.34% compared to 10.36% a year ago. For the six months, the company has reported net interest income of $363,512,000 compared to $330,301,000 a year ago. Income before income taxes was $169,924,000 compared to $153,529,000 a year ago. Net income was $145,240,000 compared to $127,892,000 a year ago. Net income available to common shareholders was $141,209,000 compared to $123,861,000 a year ago. Diluted earnings per share were $2.22 compared to $1.99 a year ago. Book value per common share as on June 30, 2015 was $43.17 compared to $41.73 as on June 30, 2013. Return on average assets was 1.02% compared to 1.02% a year ago. Return on average common equity was 10.34% compared to 10.17% a year ago. For the quarter, the company reported net charge-offs of $1,974,000 compared to $1,794,000 a year ago.

 

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Industry Analysis

CFZ

Industry Average

Valuation CFZ Industry Range
Price/Earnings 14.3x
Price/Sales 3.9x
Price/Book 1.5x
Price/Cash Flow 13.7x
TEV/Sales NM Not Meaningful
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