Company research
CULLEN/FROST BANKERS, INC.
CIK 39263Updated Sep 25, 2026
Name history
CULLEN FROST BANKERS INC · through Nov 30, 2011
CFR price & chart
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NYSE:CFR on TradingView ↗In the news
Cullen/Frost Bankers, Inc. Hosts Second Quarter 2026 Earnings Conference Call ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
SCHEDULE 13G filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
13F-HR filing
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 53,041,424,000Source | 52,520,259,000Source | 50,845,038,000Source | 52,892,376,000Source |
| Property, Plant and Equipment, NetUSD | 1,313,225,000Source | 1,245,377,000Source | 1,190,033,000Source | 1,102,695,000Source |
| GoodwillUSD | — | — | — | 654,952,000Source |
| Operating Lease, Right-of-Use AssetUSD | 259,177,000Source | 270,282,000Source | 280,502,000Source | 288,816,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 48,468,388,000Source | 48,621,671,000Source | 47,128,591,000Source | 49,755,148,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 145,452,000Source | 145,452,000Source | 145,452,000Source | 145,452,000Source |
| Common Stock, Value, IssuedUSD | 644,000Source | 644,000Source | 644,000Source | 643,000Source |
| Retained Earnings (Accumulated Deficit)USD | 4,309,171,000Source | 3,951,482,000Source | 3,657,688,000Source | 3,309,671,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -842,951,000Source | -1,252,004,000Source | -1,119,219,000Source | -1,348,294,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,573,036,000Source | 3,898,588,000Source | 3,716,447,000Source | 3,137,228,000Source |
| Additional Paid in Capital, Common StockUSD | 1,100,327,000Source | 1,075,572,000Source | 1,055,809,000Source | 1,029,756,000Source |
| Liabilities and EquityUSD | 53,041,424,000Source | 52,520,259,000Source | 50,845,038,000Source | 52,892,376,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | — | 412,000Source | 909,000Source | 1,400,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 24,755,000Source | 19,763,000Source | 24,590,000Source | 18,322,000Source |
| Deferred Income Tax Expense (Benefit)USD | 5,372,000Source | -11,600,000Source | -14,829,000Source | -4,918,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 273,979,000Source | 989,532,000Source | 478,845,000Source | 722,582,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | -703,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,601,095,000Source | -180,879,000Source | -942,751,000Source | -8,277,330,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 146,652,000Source | 127,776,000Source | 158,630,000Source | 102,501,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 157,832,000Source | 60,901,000Source | 42,720,000Source | 4,391,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -33,087,000Source | 738,329,000Source | -2,876,950,000Source | 2,999,880,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 255,356,000Source | 242,446,000Source | 232,323,000Source | 209,780,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 8,874,055,000Source | 10,234,258,000Source | 8,687,276,000Source | 12,028,132,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 24,755,000Source | 19,763,000Source | 24,590,000Source | 18,322,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | 480,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -850,000Source | -96,000Source | 66,000Source | 0Source |
| Debt Securities, Trading, Gain (Loss)USD | 5,558,000Source | 4,767,000Source | 3,810,000Source | 2,899,000Source |
| DepreciationUSD | 67,300,000Source | 61,900,000Source | 60,600,000Source | 57,400,000Source |
| Equipment ExpenseUSD | 165,744,000Source | 148,487,000Source | 135,286,000Source | 120,771,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | 3,031,000Source | 141,000Source | -750,000Source | -109,000Source |
| GoodwillUSD | — | — | — | 654,952,000Source |
| Income Tax Expense (Benefit)USD | 123,145,000Source | 113,425,000Source | 114,400,000Source | 89,677,000Source |
| Net Income (Loss) Attributable to ParentUSD | 648,557,000Source | 582,542,000Source | 597,973,000Source | 579,150,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 641,882,000Source | 575,867,000Source | 591,298,000Source | 572,475,000Source |
| Operating Lease, ExpenseUSD | 51,900,000Source | 49,700,000Source | 50,500,000Source | 47,700,000Source |
| Proceeds from Issuance of Redeemable Preferred StockUSD | — | — | — | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 21,021,849,000Source | 19,600,708,000Source | 19,103,872,000Source | 15,683,097,000Source |
| Proceeds from Stock Options ExercisedUSD | 11,946,000Source | 22,643,000Source | 9,299,000Source | 16,659,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 44,202,000Source | 64,985,000Source | 46,171,000Source | 3,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,235,244,000Source | 2,063,710,000Source | 1,987,206,000Source | 1,696,101,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 771,702,000Source | 695,967,000Source | 712,373,000Source | 668,827,000Source |
| Income Tax Expense (Benefit)USD | 123,145,000Source | 113,425,000Source | 114,400,000Source | 89,677,000Source |
| Net Income (Loss) Attributable to ParentUSD | 648,557,000Source | 582,542,000Source | 597,973,000Source | 579,150,000Source |
| Earnings Per Share, BasicUSD per share | 9.92Source | 8.88Source | 9.11Source | 8.84Source |
| Earnings Per Share, DilutedUSD per share | 9.92Source | 8.87Source | 9.1Source | 8.81Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 64,054,228Source | 64,120,455Source | 64,204,239Source | 64,156,870Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 64,099,238Source | 64,262,646Source | 64,404,833Source | 64,520,518Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | — | — | 480,000Source |
| Current Income Tax Expense (Benefit)USD | 117,773,000Source | 125,025,000Source | 129,229,000Source | 94,595,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -850,000Source | -96,000Source | 66,000Source | 0Source |
| Debt Securities, Trading, Gain (Loss)USD | 5,558,000Source | 4,767,000Source | 3,810,000Source | 2,899,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 87,785,000Source | 82,817,000Source | 76,442,000Source | 71,344,000Source |
| Equipment ExpenseUSD | 165,744,000Source | 148,487,000Source | 135,286,000Source | 120,771,000Source |
| Interest ExpenseUSD | — | — | 659,052,000Source | 184,438,000Source |
| InterestExpenseOperatingUSD | 684,598,000Source | 786,025,000Source | — | — |
| Interest Expense, Securities Sold under Agreements to RepurchaseUSD | 137,908,000Source | 141,833,000Source | 135,969,000Source | 34,443,000Source |
| Interest Income (Expense), NetUSD | 1,736,149,000Source | 1,604,612,000Source | 1,558,664,000Source | 1,291,283,000Source |
| Labor and Related ExpenseUSD | 674,647,000Source | 621,394,000Source | 547,718,000Source | 492,096,000Source |
| Marketing and Advertising ExpenseUSD | 56,865,000Source | 51,403,000Source | 48,608,000Source | 39,994,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 641,882,000Source | 575,867,000Source | 591,298,000Source | 572,475,000Source |
| Operating Lease, ExpenseUSD | 51,900,000Source | 49,700,000Source | 50,500,000Source | 47,700,000Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | 6,675,000Source | 6,675,000Source | 6,675,000Source | 6,675,000Source |
| Preferred Stock, Dividends Per Share, DeclaredUSD per share | 44.5Source | 44.5Source | 44.5Source | 44.5Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 6,409,000Source | 6,236,000Source | 6,283,000Source | 5,210,000Source |