Cullen/Frost Bankers, Inc.
Cullen/Frost Bankers, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 2.46% from fiscal 2024.
- Revenue
- +2.95%
- EPS
- +6.37%
- Free cash flow
- +21.4%
- Total debt
- +0.10%
Quarter to September 2026, against a year earlier
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Cullen/Frost Bankers, Inc. 10-Q filed Oct 29, 2026
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 30, 2026: 13 added · 12 removed · 103 modified; 6 with only figures updated
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Modified · Forward-Looking Statements and Factors that Could Affect Future Results
In addition,
recent military conflict involving the U.S. and Iranongoing geopolitical tensions, armed conflicts, regional instability, sanctions,including direct military actionscyber-related threats, and attacks affecting commercial shippinginandaround the Strait of Hormuz,critical infrastructure have increased geopolitical uncertainty andsubsequent retaliatory military strikes, hascontributed toheightened geopolitical uncertainty, increasedvolatility inglobalfinancialmarkets,and significant fluctuations inenergy, and commoditypricesmarkets.While diplomatic communications and negotiations may continue, recent statements by U.S.Military conflict in the Middle East has disrupted energy markets andIranian officialsshipping routes, includingindications thatthrough thepreviously announced ceasefire framework is no longer in effect, have increased the risk of further military escalation and broader regional instabilityStrait of Hormuz, while the ongoing Russia-Ukraine war and other geopolitical tensions continue to present risks to global economic and market conditions.Ongoing developments in the Middle EastFurther escalation, includingpotentialdisruptions tomaritime tradeshipping routesand, energyinfrastructuresupplies,could adversely affectcritical infrastructure, or global supply chains,inflation expectations, economic activityor expanded sanctions,and market conditions. The timingtrade restrictions,magnitude, duration, and geographic scope of any further conflict remain highly uncertain and may evolve rapidly in response to military actionsor cyber-related incidents,diplomatic developments, government policy decisionscould adversely affect economic activity,sanctionsinflation,andmarketreactions. Heightened geopolitical uncertainty and volatility in energy markets may influence monetary policy decisions, interest-rate expectations, funding markets, liquidityconditions,foreign-exchange markets,andinvestor risk sentimentborrower credit quality. Thesefactorsdevelopments could also adversely affect our funding profile;, liquidity, customer and counterparty credit quality,particularly in sectors sensitive to energy prices, global trade, transportation, manufacturing,andbroader economic cycles; andthemarketvalue of certain financial instruments. Prolonged market volatility, additional military escalation involving the United States, Iran, or other regional actors, disruptions to global energy supplies or shipping lanes, expanded sanctions, or a deterioration in global economic conditions could negatively impact economic growth, increase borrower stress, reduce business activity,andcontribute to higher credit losses and operational risks, including cyber-related incidents, any of whichcould have a material adverse effect on our business, financial condition, results of operations, and prospects.We will continue to monitor geopolitical developments and assess their potential impact on our customersThe timing,operationsmagnitude,liquidity positionduration,capital levels, market exposures,andoverall risk profile, and we may adjust our risk management, liquidity management, capital planning, and business continuity strategies as appropriategeographic scope of these developments remain highly uncertain.