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Held by 544 of 6,047 reporting institutions (97th percentile) — extremely crowded.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
No trend data available for this metric.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
A reverse discounted cash flow is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
What the company returns to shareholders — and whether it's covered by cash.
The dividend exceeds free cash flow (201%) — funded from the balance sheet or debt, a red flag if it persists. Last year: $255.4M dividends + $157.8M buybacks = $413.2M returned on $127.3M FCF.
9 consecutive years of dividend increases · 7%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 14%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-14
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B 100.0% | $2.06B 100.0% | $1.99B 100.0% | $1.70B 100.0% | $1.37B 100.0% | $1.44B 100.0% | $1.37B 100.0% | $1.31B 100.0% | $1.20B 100.0% | $1.13B 100.0% |
| Interest Expense | — | — | $659.1M 33.2% | $184.4M 10.9% | $23.9M 1.7% | $45.0M 3.1% | $129.8M 9.5% | $93.3M 7.1% | $26.5M 2.2% | $12.1M 1.1% |
| Pretax Income | $771.7M 34.5% | $696.0M 33.7% | $712.4M 35.8% | $668.8M 39.4% | $489.5M 35.7% | $351.3M 24.4% | $499.5M 36.5% | $508.7M 38.9% | $408.4M 33.9% | $341.4M 30.3% |
| Income Tax Expense | $123.1M 5.5% | $113.4M 5.5% | $114.4M 5.8% | $89.7M 5.3% | $46.5M 3.4% | $20.2M 1.4% | $55.9M 4.1% | $53.8M 4.1% | $44.2M 3.7% | $37.1M 3.3% |
| Net Income | $648.6M 29.0% | $582.5M 28.2% | $598.0M 30.1% | $579.1M 34.1% | $443.1M 32.3% | $331.2M 23.0% | $443.6M 32.4% | $454.9M 34.7% | $364.1M 30.3% | $304.3M 27.0% |
| Per Share | ||||||||||
| EPS (Basic) | $9.92 | $8.88 | $9.11 | $8.84 | $6.79 | $5.11 | $6.89 | $6.97 | $5.56 | $4.73 |
| EPS (Diluted) | $9.92 | $8.87 | $9.10 | $8.81 | $6.76 | $5.10 | $6.84 | $6.90 | $5.51 | $4.70 |
| Weighted Avg Shares (Basic) | 64.1M | 64.1M | 64.2M | 64.2M | 63.6M | 62.7M | 62.7M | 63.7M | 63.7M | 62.4M |
| Weighted Avg Shares (Diluted) | 64.1M | 64.3M | 64.4M | 64.5M | 64.1M | 63.0M | 63.4M | 64.7M | 64.7M | 63.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-14
Where each multiple sits in its own 14-yr range · 91th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 14% against ROIC 14% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 15.3% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Income Tax | 4.1 | 4.1 | 1.4 | 3.4 | 5.3 | 5.8 | 5.5 | 5.5 |
| Net Income | 34.7 | 32.4 | 23.0 | 32.3 | 34.1 | 30.1 | 28.2 | 29.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CFR: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Interest expense isn't separately reported — often netted into “other income (expense), net.” Interest last disclosed in FY2023 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Ranked against 15 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JPM | $890.4B | 16.8× | — | 4.9× | 2.8% | — | 31.3% | 15.7% | 13.4% | — | 4,948 |
| BAC | $359.4B | 13.5× | — | 3.2× | 6.8% | — | 27.0% | 10.1% | 4.9% | — | 3,508 |
| C | $205.1B | 17.5× | — | 2.4× | 5.6% | — | 16.8% | 6.7% | 2.5% | — | — |
| COF | $119.2B | 48.2× | — | 2.2× | 36.6% | — | 4.6% | 2.2% | 2.1% | — | 2,050 |
| USB | $87.7B | 12.2× | — | 3.1× | 4.4% | — | 26.4% | 11.6% | 9.2% | — | 1,999 |
| PNC | $86.1B | 13.0× | — | 3.7× | 7.2% | — | 30.3% | 11.5% | 5.9% | — | 1,969 |
| KEY | $21.1B | 13.0× | — | 2.8× | 62.7% | — | 24.3% | 9.0% | 6.0% | — | 907 |
| FHN | $10.7B | 12.1× | — | 3.1× | 7.2% | — | 28.7% | 11.1% | 8.1% | — | — |
| CFR | $9.4B | 15.3× | — | 4.2× | 8.3% | — | 29.0% | 14.2% | 14.2% | — | 544 |
| WBHC | $6.8B | 87.9× | — | 19.1× | 14.2% | — | 21.2% | 13.0% | 12.8% | — | — |
| PRK | $3.2B | 15.8× | — | 4.8× | 2.9% | — | 27.1% | 13.3% | 12.6% | — | 267 |
| CBU | $3.1B | 14.9× | — | 3.8× | 9.6% | — | 25.7% | 10.5% | 10.5% | — | 271 |
| BANC | $2.7B | 14.5× | — | 1.5× | -3.8% | — | 12.6% | 6.5% | 4.1% | — | 295 |
| NBTB | $2.6B | 15.1× | — | 14.3× | 10.4% | — | 92.5% | 8.9% | 8.3% | — | 277 |
| CASH | $1.5B | 9.0× | — | 1.8× | 5.3% | — | 22.1% | 21.7% | 20.6% | — | 275 |
| HAFC | $904M | 12.2× | 11.4× | 3.4× | 15.3% | — | 28.2% | 9.6% | 9.6% | 0.0× | 219 |
Peers = companies sharing CFR's sector (National Commercial Banks) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | not reported | 27.0% |
| FY2017 | not reported | not reported | 30.3% |
| FY2018 | not reported | not reported | 34.7% |
| FY2019 | not reported | not reported | 32.4% |
| FY2020 | not reported | not reported | 23.0% |
| FY2021 | not reported | not reported | 32.3% |
| FY2022 | not reported | not reported | 34.1% |
| FY2023 | not reported | not reported | 30.1% |
| FY2024 | not reported | not reported | 28.2% |
| FY2025 | not reported | not reported | 29.0% |
Return on equity (14%) and return on invested capital (14%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Converts 0.92x of reported profit into cash — adequate, without much margin.
Reported free cash flow is $127M; after share-based compensation it is $103M. The difference is a real cost that the cash flow statement adds back.
Leverage is not measurable this way for a bank.
Funded by deposits, so debt-weighted leverage and a WACC are not defined. Capital adequacy (CET1, LCR) is the right question and is not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $151.57, free cash flow must compound 8.75%/yr for 10 years. It has done -18.28%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 0.3% | 8.7% |
| FY2021 | 35.8% | 8.7% |
| FY2022 | 6.5% | 8.7% |
| FY2023 | −48.4% | 8.7% |
| FY2024 | 169.1% | 8.7% |
| FY2025 | −85.2% | 8.7% |
The cost of capital could not be computed for this company, so the requirement is solved at the published 10% default — a different rate would move it materially.
| Step | Amount | Running total |
|---|---|---|
| Net income | $649M | $649M |
| Share-based comp | $25M | $673M |
| Other non-cash & working capital | −$399M | $274M |
| Operating cash flow | $274M | $274M |
| Capex | −$147M | $127M |
| Free cash flow | $127M | $127M |
| FCF after SBC | $103M | $103M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 5.4% | not reported | not reported |
| FY2021 | -4.8% | not reported | not reported |
| FY2022 | 23.7% | not reported | not reported |
| FY2023 | 17.2% | not reported | not reported |
| FY2024 | 3.9% | not reported | not reported |
| FY2025 | 8.3% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -0.6 percent |
| FY2020 | -0.5 percent |
| FY2021 | -0.4 percent |
| FY2022 | -0.3 percent |
| FY2023 | 0.2 percent |
| FY2024 | -0.8 percent |
| FY2025 | 0.7 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.