CFRNYSENational Commercial BanksFiscal year ends December 31Also trades as CFR.PB
CULLEN/FROST BANKERS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$153.21−1.84 (-1.19%)
Close on Oct 19, 2026
- Market cap
- $9.57B
- P/E (TTM)
- 14.4
- Dividend yield
- 2.58%
Cullen/Frost Bankers statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of National Commercial Banks companies for comparison
Valuation
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Market Cap | $9.52B | $679.86M |
| Enterprise Value | $3.05B | $408.94M |
| PE Ratio | 14.44 | 11.99 |
| PS Ratio | 4.14 | 3.59 |
| PB Ratio | 2.06 | 1.18 |
| P/TBV Ratio | 2.06 | 1.41 |
| P/FCF Ratio | 17.59 | 10.89 |
| P/OCF Ratio | 13.23 | 10.01 |
Enterprise value
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| EV / Sales | 1.33 | 2.76 |
| EV / FCF | 5.64 | 8.23 |
Income (trailing twelve months)
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Revenue | $2.30B | $170.85M |
| Pretax Income | $812.94M | $70.12M |
| Net Income | $683.68M | $54.33M |
| EPS (Diluted) | $10.61 | $2.91 |
Margins
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Pretax Margin | 35.4% | 36.5% |
| Profit Margin | 29.7% | 29.1% |
| FCF Margin | 23.6% | 33.2% |
Returns
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Return on Equity (ROE) | 15.5% | 10.6% |
| Return on Assets (ROA) | 1.30% | 1.12% |
Growth
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 7.35% | 11.8% |
| Net Income Growth (YoY) | 12.2% | 23.2% |
| EPS Growth (YoY) | 14.0% | 23.1% |
| FCF Growth (YoY) | 529.7% | 28.5% |
| Revenue Growth (3Y CAGR) | 9.64% | 5.82% |
| Revenue Growth (5Y CAGR) | 9.17% | 6.17% |
| EPS Growth (3Y CAGR) | 4.03% | 1.31% |
| EPS Growth (5Y CAGR) | 14.2% | 8.24% |
Balance sheet
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $6.47B | $205.54M |
| Net Cash (Debt) | $6.47B | $164.40M |
| Net Cash Per Share | $104.06 | $8.13 |
| Equity (Book Value) | $4.62B | $563.88M |
| Book Value Per Share | $74.38 | $28.47 |
| Tangible Book Value | $4.62B | $475.36M |
Cash flow (trailing twelve months)
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Operating Cash Flow | $719.58M | $61.52M |
| Capital Expenditures | -$178.12M | -$4.08M |
| Free Cash Flow | $541.46M | $52.15M |
| FCF Per Share | $8.71 | $3.05 |
Efficiency
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Asset Turnover | 0.04 | 0.04 |
| Revenue Per Employee | $382.65K | $353.78K |
| Profits Per Employee | $113.80K | $107.28K |
| Employee Count | 6,008 | 489 |
Dividends and yields
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Earnings Yield | 7.18% | 8.13% |
| FCF Yield | 5.69% | 8.91% |
| Dividend Yield | 2.58% | 2.48% |
| Buyback Yield | 3.34% | 1.55% |
| Shareholder Yield | 5.92% | 3.13% |
| Dividend Per Share | $3.95 | $0.93 |
| Dividend Growth (YoY) | 5.61% | 4.26% |
| Years of Dividend Growth | 11 | 2 |
| Payout Ratio | 37.7% | 29.3% |
| FCF Payout Ratio | 47.6% | 26.0% |
Shares
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Shares Outstanding | 62,148,800 | 18,839,100 |
| Shares Change (YoY) | -1.46% | 0.40% |
| Float | 61,360,500 | 17,061,900 |
| Shares Held by Insiders | 1.27% | 5.89% |
| Shares Held by Institutions | 96.3% | 61.9% |
Taxes
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Income Tax | $129.26M | $14.50M |
| Effective Tax Rate | 15.9% | 21.1% |
Scores
| Measure | Cullen/Frost Bankers | Industry median |
|---|---|---|
| Graham Number | $133.25 | $45.31 |
| Graham Upside | -13.0% | 21.9% |
| Altman Z-Score | 0.28 | 0.21 |
| Piotroski F-Score | 6 | 6 |
Calculated by StockData from Cullen/Frost Bankers's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.