CULLEN/FROST BANKERS, INC.

CFR

CULLEN/FROST BANKERS, INC.

CFR

Insider Sentiment (TTM):

Last Purchase:2025-05-02Last Sale:2026-06-12Shares Purchased (TTM):0Shares Sold (TTM):2,537.34

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:52,596,303Shares Outstanding:63,101,492Institutional Ownership Pct.:83.35%

Earnings Market Reaction:

Filing Date:2026-07-30Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Cash And Due From Banks	698	639	681	616	759	759	723	751	613	511	618	575
Interest Bearing Deposits In Banks	5,769	6,503	8,183	7,315	6,345	7,085	9,496	8,437	6,445	7,869	7,985	6,956
Federal Funds Sold	0	3	0	0	2	0	6	1	2	-	0	3
Securities Purchased Under Agreements To Resell	0	0	10	10	10	10	10	10	85	85	85	85
Cash And Cash Equivalents At Carrying Value	6,467	7,144	8,874	7,940	7,116	7,853	10,234	9,198	7,145	8,465	8,687	7,618
Debt Securities Held To Maturity Amortized Cost Af…	3,386	3,406	3,431	3,455	3,486	3,511	3,534	3,570	3,586	3,601	3,619	3,628
Available For Sale Securities Debt Securities	18,090	16,791	15,971	16,885	16,613	16,864	15,044	15,320	15,198	15,182	16,578	16,117
Assets
Assets	53,881	52,725	53,041	52,533	51,409	52,005	52,520	51,008	48,843	49,505	50,845	48,747
Trading Securities	39	38	38	37	45	35	34	32	32	40	32	29
Financing Receivable Excluding Accrued Interest Be…	22,976	22,432	21,892	21,446	21,254	20,904	20,755	20,055	19,996	19,388	18,824	18,399
Financing Receivable Allowance For Credit Losses	-	-	-	-	-	-	-	-263	-256	-250	-246	-242
Financing Receivable Allowance For Credit Loss Exc…	-284	-286	-281	-280	-278	-275	-270	-	-	-	-246	-
Financing Receivable Excluding Accrued Interest Af…	22,692	22,146	21,610	21,165	20,977	20,628	20,485	19,792	19,739	19,138	18,578	18,157
Property Plant And Equipment Net	1,370	1,332	1,313	1,294	1,277	1,273	1,245	1,229	1,221	1,211	1,190	1,167
Other Assets	1,837	1,868	1,804	1,758	1,895	1,840	1,945	1,867	1,921	1,870	2,160	2,031
Noninterest Bearing Deposit Liabilities	14,584	14,172	14,144	14,128	13,745	14,249	14,442	13,953	13,485	13,755	14,926	14,631
Interest Bearing Deposit Liabilities	28,750	28,664	28,774	28,389	27,938	28,141	28,281	27,768	26,833	27,052	26,994	26,361
Deposits	43,334	42,836	42,918	42,517	41,684	42,391	42,723	41,721	40,318	40,806	41,921	40,992
Federal Funds Purchased	26	25	19	32	26	26	22	22	36	41	14	26
Securities Sold Under Agreements To Repurchase	4,887	4,102	4,526	4,564	4,418	4,467	4,343	4,014	3,763	3,943	4,127	3,722
Junior Subordinated Notes	123	123	123	123	123	123	123	123	123	123	123	123
Subordinated Debt	100	100	100	100	100	100	100	100	100	100	99	99
Other Liabilities	789	1,008	783	737	858	784	1,311	893	837	854	844	784
Liabilities	49,258	48,194	48,468	48,073	47,209	47,891	48,622	46,873	45,177	45,867	47,129	45,747
Preferred Stock Value	145	145	145	145	145	145	145	145	145	145	145	145
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital Common Stock	1,111	1,106	1,100	1,089	1,084	1,080	1,076	1,066	1,064	1,060	1,056	1,044
Stockholders Equity
Stockholders Equity	4,623	4,531	4,573	4,461	4,200	4,114	3,899	4,135	3,666	3,638	3,716	3,000
Retained Earnings Accumulated Deficit	4,516	4,411	4,309	4,226	4,120	4,031	3,951	3,889	3,810	3,727	3,658	3,627
Accumulated Other Comprehensive Income Loss Net Of…	-852	-924	-843	-924	-1,140	-1,129	-1,252	-915	-1,309	-1,276	-1,119	-1,779
Treasury Stock Value	-298	-208	-140	-76	-10	-14	-23	-51	-45	-18	-24	-38
Liabilities And Stockholders Equity	53,881	52,725	53,041	52,533	51,409	52,005	52,520	51,008	48,843	49,505	50,845	48,747
Debt Securities Held To Maturity Allowance For Cre…	1	1	-1	1	0	0	-0	0	0	0	-0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	210	210	210	210	210	210	210	210	210	210	210	210
Common Stock Shares Issued	64	64	64	64	64	64	64	64	64	64	64	64
Treasury Stock Common Shares	2	2	1	1	0	0	0	0	0	0	0	0

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-3.83%	1.27%	12.39%	-	-	-	-	-	-	-	-	-
2025	5.04%	4.31%	16.19%	2.79%	0.58%	-3.11%	0.16%	5.37%	13.23%	-3.07%	-6.24%	-0.84%
2024	-4.65%	-13.39%	-5.63%	-6.58%	-6.26%	1.79%	11.76%	5.04%	13.19%	-2.19%	-11.19%	-17.71%
2023	-	-	-	-	-	-	7.73%	18.12%	14.91%	6.86%	11.85%	6.39%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	0.90	0.89	0.86	0.92	0.89	0.88	0.86	1.79	1.84	1.92	2.07	2.41
Per Share Metrics
Diluted EPS TTM	10.84	10.52	10.01	9.81	9.36	9.16	8.96	8.20	8.31	8.56	9.18	10.66
Free Cash Flow Per Share TTM	8.67	10.51	1.99	0.25	1.34	1.16	13.44	11.13	9.90	10.09	4.99	9.05
Dividend Per Share TTM	4.12	4.08	3.99	3.94	3.88	3.80	3.78	3.76	3.72	3.67	3.62	3.58
Margin Metrics
Gross Profit Margin TTM	-397.53%	-437.75%	-477.62%	-485.09%	-528.33%	-570.40%	-619.54%	-667.85%	-668.97%	-645.83%	-604.84%	-528.98%
Operating Profit Margin TTM	624.69%	635.46%	634.77%	646.97%	641.04%	648.31%	655.15%	615.09%	650.60%	687.72%	761.86%	888.94%
Net Profit Margin TTM	520.24%	530.43%	527.99%	536.89%	532.84%	535.57%	542.09%	510.65%	539.53%	571.46%	632.38%	750.28%
Growth Metrics
Net Revenue Growth (1Y)	15.07%	13.68%	14.44%	13.87%	14.18%	14.14%	13.61%	12.67%	9.27%	5.92%	1.76%	-0.56%
Net Income Growth (1Y)	12.35%	12.59%	11.46%	19.72%	12.77%	6.97%	-2.61%	-23.32%	-23.55%	-16.22%	2.10%	39.45%
EPS Growth (1Y)	15.67%	14.64%	11.58%	19.49%	12.58%	6.91%	-2.48%	-23.18%	-23.50%	-16.02%	2.02%	39.65%
Valuation Metrics
P/E TTM	14.25	12.94	12.45	12.63	13.31	13.14	14.29	12.93	11.49	12.24	10.90	7.82
P/B TTM	2.09	1.89	1.75	1.78	1.91	1.88	2.11	1.64	1.68	1.85	1.73	1.79
P/S TTM	74.16	68.62	65.76	67.81	70.90	70.37	77.46	66.05	62.02	69.95	68.92	58.67
Market Cap	9.65B	8.58B	7.99B	7.94B	8.02B	7.74B	8.23B	6.79B	6.14B	6.74B	6.44B	5.36B
Enterprise Value	3.31B	1.56B	-756.81M	124.88M	1.03B	14.16M	-1.88B	-2.28B	-879.00M	-1.60B	-2.12B	-2.14B
Calculated Values
Free Cash Flow TTM	541.46M	663.11M	127.33M	15.76M	85.99M	74.44M	861.76M	711.53M	635.43M	648.22M	320.22M	579.59M
Net Debt	-6.34B	-7.02B	-8.75B	-7.82B	-6.99B	-7.73B	-10.11B	-9.08B	-7.02B	-8.34B	-8.56B	-7.49B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-12Sale

Owner: Severyn, Carol Jean

Title: GEVP and Chief Risk Officer

Shares: 837

Price/Share: $148.29

Value: $124,118.73

Shares Owned: 12,712

Relationship: Officer

Ownership: Direct

2026-01-30Sale

Owner: Berman, Bobby

Title: GEVP Research & Strategy

Shares: 1,000

Price/Share: $137.07

Value: $137,070.00

Shares Owned: 28,406

Relationship: Officer

Ownership: Direct

2025-12-12Sale

Owner: Pullin, Ericka Lynn

Title: GEVP, Culture & People Dev.

Shares: 0

Price/Share: $129.73

Value: $44.11

Shares Owned: 2,024

Relationship: Officer

Ownership: Direct

2025-12-09Sale

Owner: Rhodes, Coolidge E Jr

Title: Group EVP General Counsel/Sec

Shares: 700

Price/Share: $127.00

Value: $88,900.00

Shares Owned: 3,795

Relationship: Officer

Ownership: Direct

2025-05-02Purchase

Owner: Henson, Matthew Bradley

Title: Chief Accounting Officer

Shares: 1,870

Price/Share: $16.93

Value: $31,659.10

Shares Owned: 5,545

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-12	Severyn, Carol Jean	Officer	GEVP and Chief Risk Officer	Direct	Sale	837	148.29	$124,118.73	12,712	4
2026-01-30	Berman, Bobby	Officer	GEVP Research & Strategy	Direct	Sale	1,000	137.07	$137,070.00	28,406	4
2025-12-12	Pullin, Ericka Lynn	Officer	GEVP, Culture & People Dev.	Direct	Sale	0	129.73	$44.11	2,024	4
2025-12-09	Rhodes, Coolidge E Jr	Officer	Group EVP General Counsel/Sec	Direct	Sale	700	127.00	$88,900.00	3,795	4
2025-05-02	Henson, Matthew Bradley	Officer	Chief Accounting Officer	Direct	Purchase	1,870	16.93	$31,659.10	5,545	4
2025-01-31	Bracher, Paul	Officer	President of CFR	Direct	Sale	11,500	139.45	$1,603,675.00	102,946	4
2024-11-20	Green, Phillip D	Director,Officer	Chairman and CEO	Direct	Sale	20,147	137.29	$2,765,981.63	94,423	4
2024-11-08	Kasanoff, Howard L.	Officer	GEVP Chief Credit Officer	Direct	Sale	4,000	138.34	$553,360.00	2,888	4
2024-11-01	Berman, Bobby	Officer	GEVP Research & Strategy	Direct	Sale	3,506	126.31	$442,842.86	26,661	4
2024-07-31	Kasanoff, Howard L.	Officer	GEVP Chief Credit Officer	Direct	Sale	3,000	119.20	$357,600.00	1,598	4
2024-07-26	Wolfshohl, Candace K	Officer	GEVP Culture/PeopleDevelopment	Direct	Sale	5,000	119.65	$598,250.00	18,753	4
2024-03-14	Berman, Bobby	Officer	GEVP Research & Strategy	Direct	Sale	1,312	105.49	$138,402.88	27,815	4
2024-02-16	Bracher, Paul	Officer	President of CFR	Direct	Sale	9,820	109.40	$1,074,308.00	96,380	4
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Institutional Ownership

No data available for chart

2026-03-31

83.35%

Inst. Shares: 52,596,303

Shares Outstanding: 63,101,492

2025-12-31

83.40%

Inst. Shares: 53,422,066

Shares Outstanding: 64,054,228

2025-09-30

84.29%

Inst. Shares: 54,014,559

Shares Outstanding: 64,080,473

2025-06-30

81.06%

Inst. Shares: 52,122,284

Shares Outstanding: 64,299,943

2025-03-31

78.49%

Inst. Shares: 50,433,644

Shares Outstanding: 64,255,246

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	52,596,303	63,101,492	83.35%
2025-12-31	53,422,066	64,054,228	83.40%
2025-09-30	54,014,559	64,080,473	84.29%
2025-06-30	52,122,284	64,299,943	81.06%
2025-03-31	50,433,644	64,255,246	78.49%
2024-12-31	52,796,170	64,120,455	82.34%
2024-09-30	53,111,888	63,957,786	83.04%
2024-06-30	51,019,254	64,192,907	79.48%
2024-03-31	49,235,048	64,216,323	76.67%
2023-12-31	49,904,136	64,204,239	77.73%
2023-09-30	48,711,101	64,067,352	76.03%
2023-06-30	49,674,630	64,240,789	77.33%
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CULLEN/FROST BANKERS, INC. (CFR) — SEC Financial Statements & Analysis

CULLEN/FROST BANKERS, INC. (CFR) is a national commercial banks company, incorporated in TX. CULLEN/FROST BANKERS, INC. trades on NYSE as: CFR, CFR-PB. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), CULLEN/FROST BANKERS, INC. reported a 15.07% year-over-year revenue growth, a Gross Profit Margin of -397.53% (TTM), a Price-to-Sales (P/S) ratio of 74.16x (TTM), a Price-to-Book (P/B) ratio of 2.09x (TTM), at a market cap of $9.65B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 15.07%
Gross Profit Margin TTM: -397.53%
P/S TTM: 74.16x
P/B TTM: 2.09x
Market Cap: $9.65B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is CULLEN/FROST BANKERS, INC. in?

CULLEN/FROST BANKERS, INC. (CFR) operates in the National Commercial Banks industry.

What is CFR's market cap?

CULLEN/FROST BANKERS, INC. (CFR) has a market capitalization of $9.65B as of 2026-06-30.

What is CFR's P/E ratio?

CULLEN/FROST BANKERS, INC. (CFR)'s trailing twelve month P/E ratio is 14.25x as of 2026-06-30.

What exchange does CFR trade on?

CULLEN/FROST BANKERS, INC. (CFR) trades on the NYSE.

Where is CULLEN/FROST BANKERS, INC. incorporated?

CULLEN/FROST BANKERS, INC. is incorporated in TX.