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C

Cullen/Frost Bankers CFR · USD

Financials · US listing · 🇺🇸 United States

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158.05

+1.82%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue, before interest expense

$2.92bn

FY2016FY2025

Net income

$648.6m

FY2016FY2025

Total assets

$53.04bn

FY2016FY2025

Shareholders' equity

$4.57bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue, before interest expense$2.92bn$2.85bn$1.99bn$1.88bn$1.40bn$1.49bn$1.50bn$1.40bn$1.23bn$1.14bn
Operating income$771.7m$696.0m$712.4m$668.8m$489.5m$351.3m$499.5m$508.7m$408.4m$341.4m
Net income$648.6m$582.5m$598.0m$579.1m$443.1m$331.2m$443.6m$454.9m$364.1m$304.3m
Diluted earnings per share10.209.079.328.966.895.247.087.085.664.77

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$53.04bn$52.52bn$50.85bn$52.89bn$48.90bn$40.96bn$33.31bn$32.29bn$31.75bn$30.20bn
Cash and short-term investments$9.98bn$25.26bn$17.20bn$18.94bn$30.47bn$20.73bn$14.70bn$14.71bn$15.38bn$14.33bn
Total liabilities$48.47bn$48.62bn$47.13bn$49.76bn$44.46bn$36.67bn$29.40bn$28.92bn$28.45bn$27.19bn
Debt$4.77bn$4.59bn$4.36bn$4.93bn$2.99bn$2.35bn$1.93bn$1.60bn$1.38bn$1.21bn
Shareholders' equity$4.57bn$3.90bn$3.72bn$3.14bn$4.44bn$4.29bn$3.91bn$3.37bn$3.30bn$3.00bn
Shares outstanding64m64m64m65m64m63m63m64m64m64m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue, before interest expense$577.0m$574.8m$745.9m$745.6m$719.2m$709.1m$723.5m$721.9m
Operating income$204.5m$202.4m$198.0m$208.0m$186.6m$179.1m$184.0m$175.2m
Net income$172.1m$171.0m$166.3m$174.4m$157.0m$150.9m$154.9m$146.5m
Diluted earnings per share2.742.722.612.742.472.372.412.28
Total assets$53.88bn$52.72bn$53.04bn$52.53bn$51.41bn$52.00bn$52.52bn$51.01bn
Cash and short-term investments$697.7m$638.8m$9.98bn$18.62bn$17.62bn$9.25bn$25.26bn$24.51bn
Debt$5.14bn$4.35bn$4.77bn$4.82bn$4.67bn$4.72bn$4.59bn$4.26bn
Shareholders' equity$4.62bn$4.53bn$4.57bn$4.46bn$4.20bn$4.11bn$3.90bn$4.14bn

Financial ratios

Data as of 8 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin26.4%24.4%35.8%35.6%35.1%23.6%
Net margin22.2%20.4%30.1%30.8%31.8%22.3%
Return on equity14.2%14.9%16.1%18.5%10.0%7.7%
Return on assets1.2%1.1%1.2%1.1%0.9%0.8%
Revenue growth2.5%43.4%5.7%34.8%-6.1%-0.7%
Earnings growth11.3%-2.6%3.3%30.7%33.8%-25.3%
Current ratio0.21x0.54x0.57x23.10x41.20x29.19x
Debt to equity1.04x1.18x1.18x1.58x0.68x0.56x
Equity ratio8.6%7.4%7.3%5.9%9.1%10.5%
Interest coverage1.13x0.89x1.08x3.63x20.48x7.80x
Buybacks as a share of market value1.0%-0.1%0.7%-0.5%-1.7%-1.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.9%8.5%7.7%
Operating income4.9%17.0%9.2%
Net income3.8%14.4%8.8%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin25.4%29.6%29.5%30.6%
Net margin21.3%25.0%25.4%26.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings12.414.811.714.918.316.713.812.416.718.5
Price to sales3.64.23.54.65.83.74.54.35.15.0

Market value over time

30 Nov 2016 to 7 Oct 2026, in USD

$5.19bn$9.44bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return-2%20%-14%4%41%-12%13%-9%9%52%

Dividends and splits

Per share, in the currency the company pays

Paid for 33 years. Last went ex-dividend on 31 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year3.063.953.743.583.242.942.852.80
  • 2-for-1 split · 23 Jun 1999
  • 2-for-1 split · 24 Jun 1996
  • 11-for-10 split · 9 Feb 1993

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.