Friday 6 November 2026 Export CFR’s income statement to Excel — free account

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

156.62 3.07 −1.92%

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Market cap: $9.7B
P/E: 14.6×
Fwd P/E: 14.2×
Dividend yield: 2.59%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	12.77	13.35	14.60	14.20
P/S ratio Full definition →		2.78	2.96	3.30	3.21
P/FCF ratio Full definition →		63.23	13.02	17.78	16.12
P/Operating CF Full definition →		44.88	36.45	182.28	32.41
P/B ratio Full definition →		1.83	1.97	2.16	2.48
Price to Tangible BV Full definition →		2.15	2.32	2.53	2.99
EV/Sales Full definition →		(0.20)	0.58	1.15	—
EV/EBITDA Full definition →		0.00	0.00	0.00	—
EV/Operating CF Full definition →		(2.11)	2.09	4.68	—
EV/FCF Full definition →		(4.50)	2.54	6.20	—
Quick Ratio Full definition →		0.18	0.15	0.13	0.14
Current Ratio Full definition →		0.67	0.65	0.63	0.65
Net Debt/EBITDA Full definition →		0.00	0.00	0.00	0.00
Debt/Assets Full definition →		0.42%	0.42%	0.41%	0.41%
Debt/Equity Full definition →		0.05	0.05	0.05	0.06
Asset Turnover Full definition →		0.06	0.06	0.06	0.06
Operating CF/Net income Full definition →		1.13	1.40	0.31	1.66
Capex/Depreciation Full definition →		(1.28)	(1.47)	(2.75)	(1.37)
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		51.34%	52.14%	51.38%	50.71%
Intangible Assets out of Total Assets Full definition →		0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →		1.55%	0.73%	0.75%	0.73%
Graham Net Nets Full definition →		(1.99)	(1.97)	(1.89)	(1.89)
Graham Number Full definition →		124.21	126.72	130.63	122.10
Earnings Yield Full definition →		7.83%	7.49%	6.85%	7.04%
Free Cash Flow Yield Full definition →		1.58%	7.68%	5.63%	6.20%
Revenue per Share Full definition →		11.64	11.32	11.58	12.36
Operating CF per Share Full definition →		2.82	3.76	0.85	4.71
Capex per Share Full definition →		(0.65)	(0.60)	(0.96)	(0.57)
Free Cash Flow per Share Full definition →		2.17	3.16	(0.11)	4.14
Cash per Share Full definition →		139.13	113.82	104.18	115.14
Shareholders Equity per Share Full definition →		71.39	71.80	74.02	63.98
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		71.39	71.80	74.02	63.98
Free Cash Flow Full definition →		139.14	199.19	(7.14)	257.04
Working Capital Full definition →		(15,918.92)	(16,774.79)	(17,999.86)	(17,656.10)
Capital Expenditures Full definition →		(41.60)	(38.14)	(60.08)	(35.60)
Net Current Asset Value Full definition →		(16,141.97)	(16,997.89)	(18,223.02)	(17,879.31)
EV/EBIT Full definition →		0.00	0.00	0.00	—
Capex to Sales Full definition →		0.06	0.05	0.08	0.05
Price to Operating Income Full definition →		10.51	10.88	11.87	11.57
Other line items
Average Payables Full definition →		42,820.31	42,613.43	42,508.82	43,369.76
Average Assets Full definition →		52,780.85	52,364.65	52,645.23	53,524.43
Average Common Equity Full definition →		4,090.36	4,176.96	4,266.02	4,072.02

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Columns are period end dates · fundamentals updated 5 Nov 2026

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