Cullen/Frost BankersCFR +0.93%73 ROA % is 1.29% as of Mar. 2026, which is 13% above its 10-year median of 1.14. GuruFocus rates CFR with a GF Score™ of 73/100 and a GF Value™ of $136.21 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,528 Banks companies, Cullen/Frost Bankers ranks better than 68.85% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Cullen/Frost Bankers's annualizedNet Income for the quarter that ended in Mar. 2026 was $684 Mil.
Cullen/Frost Bankers's average Total Assets over the quarter that ended in Mar. 2026 was $52,883 Mil. Therefore, Cullen/Frost Bankers's annualized ROA % for the quarter that ended in Mar. 2026 was 1.29%.
The historical rank and industry rank for Cullen/Frost Bankers's ROA % or its related term are showing as below:
CFR'
s ROA % Range Over the Past 10 Years
Min: 0.87 Med: 1.14 Max: 1.42
Current: 1.28
During the past 13 years, Cullen/Frost Bankers's highest ROA % was 1.42%. The lowest was 0.87%. And the median was 1.14%.
CFR's ROA % is ranked better than 68.85% of 1528
companies
in the Banks industry
Industry Median: 0.98
vs CFR: 1.28
Cullen/Frost Bankers (NYSE:CFR) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Cullen/Frost Bankers's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cullen/Frost Bankers ROA % vs Banks Industry
For the Banks industry and Financial Services sector, Cullen/Frost Bankers's ROA % distribution charts can be found below:
* The bar in red indicates where Cullen/Frost Bankers's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Cullen/Frost Bankers (CFR) has a ROA % of 1.29% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Cullen/Frost Bankers and its competitors. This is 13% above median its historical median of 1.14. Over the past decade, Cullen/Frost Bankers' ROA % has ranged from 0.87 to 1.42. According to the industry distribution chart, Cullen/Frost Bankers ranks #476 out of 1528 companies in the Banks industry, placing it in the top 31.2%.
Is Cullen/Frost Bankers' ROA % too high?
Cullen/Frost Bankers' current ROA % of 1.29% is 13% above median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 1.42. The Banks industry median ROA % is 0.98. Cullen/Frost Bankers' value of 1.29% is 31.6% above this industry median. Based on the distribution chart, Cullen/Frost Bankers ranks #476 out of 1528 companies in the Banks industry, which is above the industry midpoint. Overall, Cullen/Frost Bankers has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cullen/Frost Bankers' ROA % compare to COLB and WAL?
According to the Banks industry distribution chart, Cullen/Frost Bankers ranks #476 out of 1528 companies for ROA %. This puts Cullen/Frost Bankers in the upper half of its industry. The industry median ROA % is 0.98. Cullen/Frost Bankers' value of 1.29% is 31.6% above this benchmark. Historically, Cullen/Frost Bankers' own ROA % has ranged from 0.87 to 1.42 over the past decade. While the company's 10-year median is 1.14 vs. the industry median of 0.98, Cullen/Frost Bankers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Banks company?
The median ROA % among Banks companies is 0.98, based on 1,528 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cullen/Frost Bankers's current ROA % of 1.29% is 31.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Cullen/Frost Bankers and its competitors. For the Banks industry, the median ROA % is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cullen/Frost Bankers's current ROA % is 1.29%, which is 13% above median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cullen/Frost Bankers stock overvalued right now?
Based on GuruFocus' analysis, Cullen/Frost Bankers (CFR) is currently considered Modestly Overvalued. The stock's GF Value™ is $136.21, compared to a current price of $152.30 — trading 11.8% above its estimated fair value. The current ROA % is 1.29%, which is 13% above median its 10-year median of 1.14 and 31.6% above the Banks industry median of 0.98. Cullen/Frost Bankers' overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Cullen/Frost Bankers (CFR), the current ROA % is 1.29% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cullen/Frost Bankers (CFR) Overvalued in 2026?
Based on GuruFocus' analysis, Cullen/Frost Bankers stock appears to be overvalued.
The current stock price of $152.30 is trading 11.8% above its estimated GF Value™ of $136.21.
GuruFocus considers Cullen/Frost Bankers to be Modestly Overvalued.
Key valuation signals for CFR:
ROA %: 1.29% (13% above median its 10-year median of 1.14)
GF Value™: $136.21 vs. price of $152.30 (11.8% above fair value)
Industry Position: 31.6% above the Banks median (#476 of 1528)
No single metric tells the full story. See the CFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cullen/Frost is a regional US bank with around $52 billion in assets (as of March 2026), and it focuses exclusively on the Texas market. The bank has deep expertise in this market. It has implemented a relationship-based banking approach that has garnered a strong market share in San Antonio. Cullen/Frost is also expanding into Houston, Dallas, and Austin market regions through targeted branch openings rather than acquisitions. The bank's sweet spot is small to medium-sized Texas-based commercial clients.
73GF Score
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