Cullen/Frost Bankers, Inc.
CFR · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 1.88B | 1.69B | 668.83M | 579.15M | 8.84 |
| 2023 FY | 2.65B | 1.94B | 712.37M | 597.97M | 9.11 |
| 2024 FY | 2.85B | 2.00B | 695.97M | 582.54M | 8.88 |
| 2025 FY | 2.92B | 2.19B | 771.70M | 648.56M | 10.02 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 52.89B | 49.76B | 11.82B | 4.93B | 3.14B |
| 2023 FY | 50.85B | 47.13B | 8.60B | 4.36B | 3.72B |
| 2024 FY | 52.52B | 48.62B | 10.22B | 4.59B | 3.90B |
| 2025 FY | 53.04B | 48.47B | 8.86B | 4.77B | 4.57B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 722.58M | -102.50M | 620.08M | -216.46M | -4.55B |
| 2023 FY | 478.85M | -158.63M | 320.22M | -239.00M | -3.34B |
| 2024 FY | 989.53M | -127.78M | 861.76M | -249.12M | 1.55B |
| 2025 FY | 273.98M | -146.65M | 127.33M | -262.03M | -1.36B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 8.58B | 1.69B | — | — | — |
| 2023 FY | 6.97B | 2.73B | — | — | — |
| 2024 FY | 8.62B | 2.99B | — | — | — |
| 2025 FY | 8.11B | 4.01B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 719.23M | 533.75M | 186.62M | 157.00M | 2.39 |
| 2025 Q3 | 745.56M | 560.49M | 208.01M | 174.38M | 2.67 |
| 2025 Q4 | 745.92M | 569.65M | 197.98M | 166.25M | 2.59 |
| 2026 Q1 | 574.84M | 568.09M | 202.41M | 170.99M | 2.65 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 51.41B | 47.21B | 7.10B | 4.67B | 4.20B |
| 2025 Q3 | 52.53B | 48.07B | 7.93B | 4.82B | 4.46B |
| 2025 Q4 | 53.04B | 48.47B | 8.86B | 4.77B | 4.57B |
| 2026 Q1 | 52.72B | 48.19B | 638.79M | 4.64B | 4.53B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 140.77M | -26.27M | 114.51M | -66.60M | -737.32M |
| 2025 Q3 | 248.58M | 67.22M | 315.80M | -66.37M | 824.15M |
| 2025 Q4 | 180.74M | -42.52M | 138.22M | -65.73M | 933.82M |
| 2026 Q1 | 237.32M | -38.61M | 198.72M | -65.68M | -1.73B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 8.26B | 5.82B | — | — | — |
| 2025 Q3 | 8.12B | 5.01B | — | — | — |
| 2025 Q4 | 8.05B | 3.96B | — | — | — |
| 2026 Q1 | 8.72B | 12.72B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |