The Tip Desk

CULLEN/FROST BANKERS, INC.

Company Stats

Market Cap
$9.5B
as of Sep 30, 2026
Shares Outstanding
62.2M
Free Float
98.8%

Income Statement

Revenue
$2.2B
Net Income
$648.6M
Revenue Growth, 3Y
9.6%
FCF Margin, 3Y Avg
21.2%
FCF Margin, Worst Year
5.7%

Cash Flow

Free Cash Flow
$127.3M
FCF Yield
1.3%
Owner FCF Yield
1.1%

Returns & Capital

Dividends Paid
$255.4M
Dividend Yield
2.7%
Dividend Payout, 3Y Avg
39.9%
Share Repurchases
$157.8M
Buyback Yield, 3Y Avg
0.9%
SBC, 3Y Avg
$23.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$2.2B$127.3M5.7%
FY2024$2.1B$861.8M41.8%
FY2023$2.0B$320.2M16.1%
FY2022$1.7B$620.1M36.6%
FY2021$1.4B$582.4M42.5%

Annual filing data through FY ended December 31, 2025; shares and float as of November 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage