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

Cullen/Frost Bankers, Inc.

CFR Financial Banks Regional

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%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Cullen/Frost Bankers, Inc. (CFR) Debt to equity

Alert me on Debt to equity

Cullen/Frost Bankers, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.1×, up 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.1× (fiscal 2015) — the current reading is the lowest in ten years. That is below the Banks Regional industry median of 0.2× and below the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× (14.69%)
FY2024 0.1× (4.51%)
FY2023 0.1× (15.51%)
FY2022 0.1× 41.80%
FY2021 0.1× (8.76%)
FY2020 0.1× (8.82%)
FY2019 0.1× (13.77%)
FY2018 0.1× (2.11%)
FY2017 0.1× (9.41%)
FY2016 0.1× (3.68%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.1× 16.36%
Jun 2026 0.0× (1.83%)
Mar 2026 0.0× 0.82%
Dec 2025 0.0× (2.40%)
43 more quarters

Against its own ten years

Low 0.0× High 0.1×
Ten-year median 0.1×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
BPOP Popular, Inc. compare 0.0×
CBC Central Bancompany compare 0.0×
UMBF UMB Financial Corporation compare 0.0×
CFR Cullen/Frost Bankers, Inc. 0.1×
SSB SouthState Bank Corporation compare 0.1×
CIB Grupo Cibest S.A. - Sponsored ADR compare 0.2×
ZION Zions Bancorporation, N.A. compare 0.3×
WTFC Wintrust Financial Corporation compare 0.6×
ONB Old National Bancorp compare 0.8×
Banks Regional industry median 0.2×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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