Cullen/Frost Bankers, Inc. (CFR.PB) stock
CFR.PBNYSENational Commercial BanksFiscal year ends December 31Also trades as CFR
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 10/3027% above fair value
$15.26−0.20 (-1.29%)
Close on Oct 30, 2026Market cap $9.79BP/E 14.6Yield 2.51%
Cullen/Frost Bankers free cash flow
Free cash flow is cash from operations minus capital expenditures: the cash available for dividends, buybacks, debt repayment or acquisitions.
Cullen/Frost Bankers's free cash flow for the twelve months ending Sep 30, 2026 was $578.46M, up 3569.7% year over year. For fiscal 2025 it was $127.33M, down 85.2% from the year before. Over ten years it grew -6.4% a year on average. The highest annual figure on record is $861.76M in fiscal 2024.
Annual free cash flow
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $127.33M | -85.2% |
| FY2024 | Dec 31, 2024 | $861.76M | +169.1% |
| FY2023 | Dec 31, 2023 | $320.22M | -48.4% |
| FY2022 | Dec 31, 2022 | $620.08M | +6.5% |
| FY2021 | Dec 31, 2021 | $582.44M | +35.8% |
| FY2020 | Dec 31, 2020 | $428.82M | +0.3% |
| FY2019 | Dec 31, 2019 | $427.37M | -11.5% |
| FY2018 | Dec 31, 2018 | $483.12M | -4.1% |
| FY2017 | Dec 31, 2017 | $503.99M | +31.2% |
| FY2016 | Dec 31, 2016 | $384.19M | +55.1% |
| FY2015 | Dec 31, 2015 | $247.73M | +56.9% |
| FY2014 | Dec 31, 2014 | $157.88M | +17.8% |
| FY2013 | Dec 31, 2013 | $134.01M | -51.3% |
| FY2012 | Dec 31, 2012 | $275.11M | +11.1% |
| FY2011 | Dec 31, 2011 | $247.65M | -39.3% |
| FY2010 | Dec 31, 2010 | $407.71M | +108.4% |
| FY2009 | Dec 31, 2009 | $195.67M | +17.2% |
| FY2008 | Dec 31, 2008 | $166.90M | – |
Quarterly free cash flow
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $248.66M | +17.5% |
| Q2 FY2026 | Jun 30, 2026 | -$7.14M | -106.2% |
| Q1 FY2026 | Mar 31, 2026 | $198.72M | – |
| Q4 FY2025 | Dec 31, 2025 | $138.22M | +418.5% |
| Q3 FY2025 | Sep 30, 2025 | $211.67M | -24.9% |
| Q2 FY2025 | Jun 30, 2025 | $114.51M | +11.2% |
| Q1 FY2025 | Mar 31, 2025 | -$337.06M | -174.9% |
| Q4 FY2024 | Dec 31, 2024 | $26.66M | – |
| Q3 FY2024 | Sep 30, 2024 | $281.89M | +37.0% |
| Q2 FY2024 | Jun 30, 2024 | $102.96M | -11.1% |
| Q1 FY2024 | Mar 31, 2024 | $450.25M | +268.3% |
| Q4 FY2023 | Dec 31, 2023 | -$123.57M | -191.0% |
| Q3 FY2023 | Sep 30, 2023 | $205.78M | -5.3% |
| Q2 FY2023 | Jun 30, 2023 | $115.76M | – |
| Q1 FY2023 | Mar 31, 2023 | $122.24M | -61.9% |
| Q4 FY2022 | Dec 31, 2022 | $135.80M | +102.9% |
| Q3 FY2022 | Sep 30, 2022 | $217.24M | +11.4% |
| Q2 FY2022 | Jun 30, 2022 | -$53.41M | -147.0% |
| Q1 FY2022 | Mar 31, 2022 | $320.45M | +54.8% |
| Q4 FY2021 | Dec 31, 2021 | $66.92M | +88.0% |
| Q3 FY2021 | Sep 30, 2021 | $194.99M | -18.2% |
| Q2 FY2021 | Jun 30, 2021 | $113.59M | – |
| Q1 FY2021 | Mar 31, 2021 | $206.95M | -4.7% |
| Q4 FY2020 | Dec 31, 2020 | $35.59M | +238.8% |
| Q3 FY2020 | Sep 30, 2020 | $238.31M | +6.6% |
| Q2 FY2020 | Jun 30, 2020 | -$62.26M | -168.3% |
| Q1 FY2020 | Mar 31, 2020 | $217.18M | +112.7% |
| Q4 FY2019 | Dec 31, 2019 | $10.50M | -86.8% |
| Q3 FY2019 | Sep 30, 2019 | $223.58M | +14.6% |
| Q2 FY2019 | Jun 30, 2019 | $91.20M | +538.4% |
| Q1 FY2019 | Mar 31, 2019 | $102.09M | -47.4% |
| Q4 FY2018 | Dec 31, 2018 | $79.73M | -53.7% |
| Q3 FY2018 | Sep 30, 2018 | $195.15M | +23.8% |
| Q2 FY2018 | Jun 30, 2018 | $14.29M | -71.8% |
| Q1 FY2018 | Mar 31, 2018 | $193.95M | +57.2% |
| Q4 FY2017 | Dec 31, 2017 | $172.34M | +110.5% |
| Q3 FY2017 | Sep 30, 2017 | $157.67M | – |
| Q2 FY2017 | Jun 30, 2017 | $50.64M | – |
| Q1 FY2017 | Mar 31, 2017 | $123.34M | – |
| Q4 FY2016 | Dec 31, 2016 | $81.87M | – |