CFR
$155.04+1.02%
as of close, Oct 2, 2026
☾ AH $155.04 +1.02%
CFR financial statements
The full income statement, balance sheet, and cash-flow statement for Cullen/Frost Bankers Inc. (CFR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 64.0M2024-09 64.1M2024-12 64.2M2025-03 64.3M2025-06 64.3M2025-09 63.9M2025-12 63.2M2026-03 62.8M2026-06 62.1M-2.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.24B+8.3% | 2.06B+3.8% | 1.99B+17.2% | 1.70B+23.7% | 1.37B-4.8% | ||
| Noninterest income | 499M+8.7% | 459M+7.1% | 429M+5.9% | 405M+4.7% | 387M-16.9% | |
| Amortization of intangibles | — | — | — | 480K-31.1% | 697K-24.1% | |
| Noninterest expense | 1.42B+8.9% | 1.30B+6.0% | 1.23B+20.0% | 1.02B+16.1% | 882M+3.9% | |
| Provision for credit losses | 44.2M-32.0% | 65.0M+40.7% | 46.2M+1439.0% | 3.00M+4661.9% | 63.0K-100.0% | |
| Interest expense | — | — | 659M+257.3% | 184M+671.6% | 23.9M-46.9% | |
| Interest & investment income | 2.42B+1.3% | 2.39B+7.8% | 2.22B+50.3% | 1.48B+46.3% | 1.01B-1.2% | |
| Net interest income | 1.74B+8.2% | 1.60B+2.9% | 1.56B+20.7% | 1.29B+31.1% | 985M+0.9% | |
| Pre-tax income | 772M+10.9% | 696M-2.3% | 712M+6.5% | 669M+36.6% | 490M+39.3% | |
| Income tax | 123M+8.6% | 113M-0.9% | 114M+27.6% | 89.7M+93.0% | 46.5M+130.3% | |
| 649M+11.3% | 583M-2.6% | 598M+3.3% | 579M+30.7% | 443M+33.8% | ||
| Preferred dividends | 6.67M+0.0% | 6.67M+0.0% | 6.67M+0.0% | 6.67M-6.7% | 7.16M+255.0% | |
| Net income to common | 642M+11.5% | 576M-2.6% | 591M+3.3% | 572M+31.3% | 436M+34.7% | |
| $9.92+11.8% | $8.87-2.5% | $9.10+3.3% | $8.81+30.3% | $6.76+32.5% | ||
| EPS (basic) | $9.92+11.7% | $8.88-2.5% | $9.11+3.1% | $8.84+30.2% | $6.79+32.9% | |
| Weighted-avg shares (basic) | 64.1M-0.1% | 64.1M-0.1% | 64.2M+0.1% | 64.2M+0.9% | 63.6M+1.4% | |
| Weighted-avg shares (diluted) | 64.1M-0.3% | 64.3M-0.2% | 64.4M-0.2% | 64.5M+0.7% | 64.1M+1.7% | |
| Dividends per share | $3.95+5.6% | $3.74+4.5% | $3.58+10.5% | $3.24+10.2% | $2.94+3.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 8.87B-13.3% | 10.2B+17.8% | 8.69B-27.8% | 12.0B-27.5% | 16.6B+61.2% | |
| 53.0B+1.0% | 52.5B+3.3% | 50.8B-3.9% | 52.9B+4.0% | 50.9B+20.0% | ||
| Property, plant & equipment | 1.31B+5.4% | 1.25B+4.7% | 1.19B+7.9% | 1.10B+5.0% | 1.05B+0.5% | |
| Operating lease right-of-use | 259M-4.1% | 270M-3.6% | 281M-2.9% | 289M+2.6% | 281M-3.6% | |
| Goodwill | — | — | — | 655M+0.0% | 655M+0.0% | |
| Intangible assets | — | — | — | 386K-55.4% | 866K-44.6% | |
| 48.5B-0.3% | 48.6B+3.2% | 47.1B-5.3% | 49.8B+7.1% | 46.4B+21.9% | ||
| Operating lease liability (total) | 296M | — | — | — | 313M-3.0% | |
| 4.57B+17.3% | 3.90B+4.9% | 3.72B+18.5% | 3.14B-29.3% | 4.44B+3.4% | ||
| Preferred stock | 145M+0.0% | 145M+0.0% | 145M+0.0% | 145M+0.0% | 145M+0.0% | |
| Common stock | 644K+0.0% | 644K+0.0% | 644K+0.2% | 643K+0.2% | 642K+0.0% | |
| Additional paid-in capital | 1.10B+2.3% | 1.08B+1.9% | 1.06B+2.5% | 1.03B+2.0% | 1.01B+1.3% | |
| Retained earnings | 4.31B+9.1% | 3.95B+8.0% | 3.66B+10.5% | 3.31B+11.9% | 2.96B+7.5% | |
| Treasury stock | 140M+518.9% | 22.6M-5.7% | 23.9M | 0.00-100.0% | 20.7M-81.8% | |
| Accumulated other comprehensive income | -843M+32.7% | -1.25B-11.9% | -1.12B+17.0% | -1.35B-488.2% | 347M-32.3% | |
| Total liabilities & equity | 53.0B+1.0% | 52.5B+3.3% | 50.8B-3.9% | 52.9B+4.0% | 50.9B+20.0% | |
| Common shares issued | 64.4M+0.0% | 64.4M+0.0% | 64.4M+0.1% | 64.4M+0.2% | 64.2M+0.0% | |
| Shares outstanding (cover) | 63.2M-1.6% | 64.2M+0.1% | 64.2M-0.2% | 64.4M+0.5% | 64.0M+1.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 274M-72.3% | 990M+106.6% | 479M-33.7% | 723M+11.5% | 648M+23.7% | ||
| Depreciation & amortization | 87.8M+6.0% | 82.8M+8.3% | 76.4M+7.1% | 71.3M+3.0% | 69.3M+7.6% | |
| Intangible amortization | — | — | — | 480K-31.1% | 697K-24.1% | |
| Share-based compensation | 24.8M+25.3% | 19.8M-19.6% | 24.6M+34.2% | 18.3M+43.7% | 12.8M-8.4% | |
| Deferred income taxes | 5.37M+146.3% | -11.6M+21.8% | -14.8M-201.5% | -4.92M-163.2% | 7.78M+149.2% | |
| -1.60B-785.2% | -181M+80.8% | -943M+88.6% | -8.28B-227.8% | -2.53B-54.8% | ||
| Capital expenditure | 147M+14.8% | 128M-19.5% | 159M+54.8% | 103M+55.7% | 65.8M-31.0% | |
| Free cash flow | 127M-85.2% | 862M+169.1% | 320M-48.4% | 620M+6.5% | 582M+35.8% | |
| Acquisitions | 0.00-100.0% | 703K | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 21.0B+7.3% | 19.6B+2.6% | 19.1B+21.8% | 15.7B-14.9% | 18.4B-11.8% | |
| Proceeds from sale of PP&E | 960K+3740.0% | 25.0K-98.0% | 1.28M+1934.9% | 63.0K-99.1% | 7.04M+17.6% | |
| -33.1M-104.5% | 738M+125.7% | -2.88B-195.9% | 3.00B-63.3% | 8.17B+7.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 158M+159.2% | 60.9M+42.6% | 42.7M+872.9% | 4.39M+13.6% | 3.86M-75.5% | |
| Dividends paid | 255M+5.3% | 242M+4.4% | 232M+10.7% | 210M+11.1% | 189M+4.5% | |
| Interest paid | 698M-11.5% | 788M+27.9% | 616M+264.6% | 169M+482.8% | 29.0M-41.2% | |
| Income taxes paid | — | 122M+3.4% | 118M+18.0% | 100M+150.9% | 39.9M-9.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 8.00B-7.2% | 8.62B+24.1% | 6.95B-19.2% | 8.60B+6.5% | 8.07B+46.5% | |
| P/E | 12.3×-16.6% | 14.8×+46.3% | 10.1×-42.4% | 17.6×-3.5% | 18.2×+9.5% | |
| P/S | 3.6×-14.3% | 4.2×+19.6% | 3.5×-37.4% | 5.6×-5.2% | 5.9×+53.9% | |
| P/B | 1.8×-20.9% | 2.2×-4.5% | 2.3×-24.2% | 3.1×+68.1% | 1.8×+41.7% | |
| P/FCF | 62.9×+528.1% | 10.0×-16.5% | 12.0×-23.1% | 15.6×+12.5% | 13.9×+7.9% | |
| Earnings yield | 8.1%+20.0% | 6.8%-31.6% | 9.9%+73.7% | 5.7%+3.6% | 5.5%-8.7% | |
| FCF yield | 1.6%-84.1% | 10.0%+19.8% | 8.3%+30.1% | 6.4%-11.1% | 7.2%-7.3% | |
| Dividend yield | 3.1%+12.0% | 2.8%-15.6% | 3.3%+36.2% | 2.4%+3.9% | 2.3%-28.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CFR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CFR filings on SEC EDGAR → Not investment advice.