2024-02-12 02:31:42 ET
Summary
- Cullen/Frost Bankers' shares are down 22% compared to February 2023, but this doesn't make it a great prospect.
- The bank's revenue and profits have generally done well in recent years, but recent data shows a decline in net interest income and net profits.
- Deposits have declined recently, but loans and the value of securities have increased. The bank's valuation is average compared to similar firms.
- In all, it's not a bad firm, but it's far from great, making it only a mediocre opportunity.
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Cullen/Frost Bankers: There Are Better Opportunities Out There At This Time