CULLEN/FROST BANKERS, INC.
CFR · Financials · Bank · FY2025 filings ·
Scored by the financial-sector model
What the financial-sector model scores (bank)
Median ROE 13.6% on average equity, above the 10% hurdle in 89% of 9 years.
Q3 scored 2 evidenced ratios equally; reserve score is unadjusted for Q4 and capped at 70.
Profitable in 100% of 10 years, ROE steady.
Book value per share +4.9%/yr over 9 years (split-adjusted; excludes dividends paid out).
Net interest income is 2.99% of average assets, steady over 9 years through FY2025.
Not scored for this company
- Underwriting discipline
- Underwriting applies to insurance carriers; not part of the bank model.
All 5 applicable components scored (bank model).
Fundamentals
The 15-year revenue, margin, and ROIC series is built for the operating model’s lens and isn’t published for banks and insurers — a balance-sheet business is read through the components above, not through operating-company margins.
Financial-sector score history
| Reading | Score | Tier |
|---|---|---|
| Jul 26, 2026 | 80.2 | Wide moat |
| Jul 26, 2026 | 80.2 | Wide moat |
Append-only — readings are added, never rewritten. Only readings on the same methodology version (moat-index-financials@1.0.0) are comparable; a change across versions is a scoring change, not a company event.