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Cullen/Frost is a regional US bank with around $50 billion in assets (as of 2024 year-end), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based approach to banking that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through branch openings. The bank's sweet spot is small to medium-size Texas-based commercial clients.
1977
5.9K+
LTM Revenue $2.2B
LTM EBITDA n/a
$7.4B
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Frost Bank has a last 12-month revenue of $2.2B and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Frost Bank achieved revenue of $2.1B and an EBITDA of n/a.
Frost Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Frost Bank valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | n/a | n/a | XXX | XXX | XXX |
| EBITDA Margin | NaN% | NaN% | XXX | XXX | XXX |
| Net Profit | $579M | $598M | XXX | XXX | XXX |
| Net Margin | 29% | 29% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Frost Bank's stock price is $110.
Frost Bank has current market cap of $7.1B, and EV of $7.4B.
See Frost Bank trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7.4B | $7.1B | XXX | XXX | XXX | XXX | $8.91 |
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Sign UpAs of April 15, 2025, Frost Bank has market cap of $7.1B and EV of $7.4B.
Frost Bank's trades at 3.4x LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Frost Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Frost Bank and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $7.4B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | 12.1x | XXX | XXX | XXX |
| P/E/Growth | 52.1x | XXX | XXX | XXX |
| EV/FCF | 8.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpFrost Bank's NTM/LTM revenue growth is 3%
Frost Bank's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged n/a for the same period.
Over next 12 months, Frost Bank's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Frost Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Frost Bank and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 38% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Abu Dhabi Commercial Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Abu Dhabi Islamic Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| National Bank of Fujairah | XXX | XXX | XXX | XXX | XXX | XXX |
| RAKBANK | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Frost Bank acquired XXX companies to date.
Last acquisition by Frost Bank was XXXXXXXX, XXXXX XXXXX XXXXXX . Frost Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Frost Bank founded? | Frost Bank was founded in 1977. |
| Where is Frost Bank headquartered? | Frost Bank is headquartered in United States of America. |
| How many employees does Frost Bank have? | As of today, Frost Bank has 5.9K+ employees. |
| Who is the CEO of Frost Bank? | Frost Bank's CEO is Mr. Phillip D. Green. |
| Is Frost Bank publicy listed? | Yes, Frost Bank is a public company listed on NYS. |
| What is the stock symbol of Frost Bank? | Frost Bank trades under CFR ticker. |
| When did Frost Bank go public? | Frost Bank went public in 1986. |
| Who are competitors of Frost Bank? | Similar companies to Frost Bank include e.g. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Abu Dhabi Bank, National Bank of Fujairah. |
| What is the current market cap of Frost Bank? | Frost Bank's current market cap is $7.1B |
| What is the current revenue of Frost Bank? | Frost Bank's last 12-month revenue is $2.2B. |
| What is the current EV/Revenue multiple of Frost Bank? | Current revenue multiple of Frost Bank is 3.4x. |
| What is the current revenue growth of Frost Bank? | Frost Bank revenue growth between 2023 and 2024 was 4%. |
| Is Frost Bank profitable? | Yes, Frost Bank is EBITDA-positive (as of the last 12 months). |
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