Cullen/frost Bankers, Inc. (CFR)
Cullen/frost Bankers, Inc. brought in $2.3B of revenue over the twelve months to September 30, 2026, up 6.6% from a year earlier. Net income was $689.5M, a net margin of 29.5%. Operating cash flow minus capital spending left $127.3M of free cash flow in fiscal 2025. At September 30, 2026 it held $7.1B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Cullen/frost Bankers, Inc.
- Net worth
- Cullen/frost Bankers, Inc. has a market value (market cap) of $9.8B at the latest share price, and shareholders' equity of $4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.2B (+8.3% year on year), with net income of $648.6M. Over the 12 months to September 30, 2026: revenue $2.3B, net income $689.5M.
- Cash flow
- In fiscal 2025 operations brought in $274M of cash; after $146.7M of capital spending, free cash flow was $127.3M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Cullen/frost Bankers, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Cullen/frost Bankers, Inc. paid dividends of $3.95 per share in fiscal 2025, a yield of 2.50% at the current price.
What Cullen/frost Bankers, Inc. does
Cullen/frost Bankers, Inc. is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on NYSE under the ticker CFR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.2B | $648.6M | $9.92 | $127.3M |
| 2024 | $2.1B | $582.5M | $8.87 | $861.8M |
| 2023 | $2B | $598M | $9.10 | $320.2M |
| 2022 | $1.7B | $579.2M | $8.81 | $620.1M |
| 2021 | $1.4B | $443.1M | $6.76 | $582.4M |
| 2020 | $1.4B | $331.2M | $5.10 | $428.8M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CFR ranks in Finance
Dividends
Cullen/frost Bankers, Inc. paid $3.95 per share in fiscal 2025. At the current price that is a yield of 2.50%. It paid out $255.4M in cash dividends, 39% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.95 | $255.4M | 39% |
| 2024 | $3.74 | $242.4M | 42% |
| 2023 | $3.58 | $232.3M | 39% |
| 2022 | $3.24 | $209.8M | 36% |
| 2021 | $2.94 | $188.8M | 43% |
| 2020 | $2.85 | $180.6M | 55% |
Latest SEC filings
What Cullen/frost Bankers, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- October 29, 2026
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 6.4% to $603.8M versus the same quarter last year; diluted EPS $2.84 versus $2.67.
- October 29, 2026
- October 28, 2026Form 13F-HR filing 13F-HR
- August 17, 2026
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 5.3% to $576M versus the same quarter last year; diluted EPS $2.70 versus $2.39.
- July 30, 2026
- July 27, 2026Form 13F-HR filing 13F-HR
What is CFR worth? A DCF from its reported cash flow
Insider trades
What the people running Cullen/frost Bankers, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $922.2K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Bracher PaulPresident of CFR | Sold | 2,900 | $458.9K |
| November 4, 2026 | Green Phillip DChairman and CEO, Director | Gave as a gift | 2,200 | - |
| November 2, 2026 | Henson Matthew BradleyChief Accounting Officer | Sold | 534 | $85.3K |
| October 30, 2026 | Berman BobbyGEVP Research & Strategy | Sold | 2,406 | $378K |
| October 24, 2026 | Green Phillip DChairman and CEO, Director | Exercised options | 20,045 | - |
| October 24, 2026 | Green Phillip DChairman and CEO, Director | Shares withheld for tax | 7,888 | $1.2M |
| October 24, 2026 | Berman BobbyGEVP Research & Strategy | Exercised options | 2,741 | - |
| October 24, 2026 | Berman BobbyGEVP Research & Strategy | Shares withheld for tax | 1,079 | $169.5K |
Who owns CFR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Aristotle Capital Management, LLC13G, passive | 7.54% | June 2, 2026 |
| Vanguard Portfolio Management13G, passive | 5.13% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.05% | April 29, 2026 |
Largest institutional holders
Insiders
12 insiders reported holding 384,258 shares in total, about $60.7M at the last price.
| Holder | Shares |
|---|---|
| Green Phillip DChairman and CEO, Director | 120,836 |
| Bracher PaulPresident of CFR | 108,736 |
| Edwards Crawford HDirector | 50,732 |
| Berman BobbyGEVP Research & Strategy | 28,406 |
| Alonzo Annette MGEVP Chief HR Officer | 22,258 |
| Stead JimmyGEVP Chief Consumer Banking | 21,002 |
| Severyn Carol JeanGEVP and Chief Risk Officer | 12,712 |
| Rhodes Coolidge E JRGroup EVP General Counsel/Sec | 6,844 |
| Kasanoff Howard L.GEVP Chief Credit Officer | 5,427 |
| Geddes DanGEVP & Chief Financial Officer | 4,523 |
Questions about CFR
What does Cullen/frost Bankers, Inc. do?
Cullen/frost Bankers, Inc. is a company in the Finance sector, listed on NYSE as CFR. Its shares trade on NYSE under the ticker CFR.
What is Cullen/frost Bankers, Inc.'s net worth?
Cullen/frost Bankers, Inc. has a market value (market cap) of $9.8B at the latest share price, and shareholders' equity of $4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Cullen/frost Bankers, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $689.5M on revenue of $2.3B, a net margin of 29.5%.
How much revenue does Cullen/frost Bankers, Inc. make?
Over the twelve months to September 30, 2026 Cullen/frost Bankers, Inc. reported revenue of $2.3B. That is 6.6% more than a year earlier.
When did Cullen/frost Bankers, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the form 25 filing from November 9, 2026.
When is Cullen/frost Bankers, Inc.'s next earnings report?
Cullen/frost Bankers, Inc.'s next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Cullen/frost Bankers, Inc. pay a dividend?
Yes. Cullen/frost Bankers, Inc. paid dividends of $3.95 per share in fiscal 2025, a yield of 2.50% at the current price.
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Where the numbers come from
Financial figures are the values Cullen/frost Bankers, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.