Stephens Upgrades Cullen/Frost Bankers, Inc. (NYSE: CFR) to Overweight Following Strong Q1 2026 Performance

• Analyst firm Stephens upgraded Cullen/Frost Bankers, Inc. (NYSE: CFR) to Overweight on May 5, 2026.
• The upgrade was driven by a strong first-quarter 2026 performance, with earnings per share (EPS) of $2.65 surpassing analyst estimates.
• Total revenues for the quarter reached $597.10 million, supported by a 5.6% rise in net interest income (NII).

On May 5, 2026, analyst firm Stephens upgraded its stock rating on Cullen/Frost Bankers, Inc. (NYSE: CFR) to Overweight. Cullen/Frost Bankers, Inc. is a financial holding company that provides a wide range of banking and financial services, primarily within Texas. The stock price was $139.30 when the rating changed.

This upgrade follows a strong first-quarter 2026 performance. Cullen/Frost Bankers, Inc. reported earnings per share (EPS) of $2.65, which surpassed the Zacks Consensus Estimate of $2.46. EPS is a measure of a company's profit allocated to each outstanding share of common stock, serving as an indicator of profitability.

The company’s total revenues grew to $597.10 million, an increase from $560.40 million in the same quarter last year. This was driven by a 5.6% rise in net interest income (NII) to $460.80 million. NII is the profit a bank makes from the interest it receives on loans versus the interest it pays on deposits.

Profitability also improved, with net income available to common shareholders rising 13.4% to $169.30 million. As highlighted by PR Newswire, Cullen/Frost Bankers, Inc. also increased its quarterly common dividend by 3.0 percent to $1.03 per share. This action directly returns a portion of the company's earnings to its shareholders.

This performance continues a positive trend for the company. As noted by Zacks, this is the fourth consecutive quarter that Cullen/Frost Bankers, Inc. has beaten consensus estimates for both its earnings and revenue. This consistent financial strength supports the positive analyst outlook.