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%

Follow CFR

Alert me

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

Cullen/Frost Bankers, Inc. (CFR) revenue by segment, product and region

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Bank	122 99.99%	106 99.99%	93 99.97%	92 99.96%	1,064 88.49%	999 88.75%	938 88.07%	877 87.13%	812 87.95%	794 88.82%	784 89.97%
Frost Wealth Advisors	0 0.01%	0 0.01%	0 0.03%	0 0.04%	146 12.18%	131 11.67%	129 12.12%	129 12.81%	114 12.38%	105 11.70%	98 11.25%
Non-Banks	0 0.00%	0 0.00%	0 0.00%	0 0.00%	(8) (0.66%)	(5) (0.43%)	(2) (0.19%)	1 0.06%	(3) (0.33%)	(5) (0.53%)	(11) (1.21%)
Revenue	122	106	94	92	1,203	1,126	1,065	1,007	923	894	872

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Allowance for credit losses on loans as a percentage of period-end loans	Q3 FY2026	1.23%	1.31%	—
Common equity tier 1 risk-based capital ratio	Q3 FY2026	13.8%	14.1%	—
Equity to assets ratio (average)	Q3 FY2026	8.37%	8.17%	—
Equity to assets ratio (period-end)	Q3 FY2026	7.29%	8.49%	—
Leverage ratio	Q3 FY2026	8.98%	9.00%	—
Net charge-offs	Q3 FY2026	$8.4M	$6.6M	+26.94%
Net charge-offs annualized as a percentage of average loans	Q3 FY2026	0.14%	0.12%	—
Non-accrual loans	Q3 FY2026	$63.7M	$44.8M	+42.27%
Non-accrual loans as a percentage of total assets	Q3 FY2026	0.12%	0.09%	—
Non-accrual loans as a percentage of total loans	Q3 FY2026	0.27%	0.21%	—
Tier 1 risk-based capital ratio	Q3 FY2026	14.2%	14.6%	—
Total risk-based capital ratio	Q3 FY2026	15.5%	16.0%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Allowance for credit losses on loans as a percentage of period-end loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Common equity tier 1 risk-based capital ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equity to assets ratio (average)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equity to assets ratio (period-end)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Leverage ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net charge-offs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net charge-offs annualized as a percentage of average loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Non-accrual loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Non-accrual loans as a percentage of total assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Non-accrual loans as a percentage of total loans	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tier 1 risk-based capital ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total risk-based capital ratio	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

Cullen/Frost Bankers, Inc. (CFR) revenue by segment, product and region

Revenue by segment $m

Operating figures as reported in each quarter’s results release or filing

Stockrow Weekly