FY2025 · ended Dec 31, 2025 · Revenue $121.57M, +14.4% YoY · Filed Feb 5, 2026
Cullen/Frost Bankers, Inc. (CFR) files with the SEC under industry code 6021, National Commercial Banks. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $121.6 million and net income of $648.6 million. Free cash flow was $127.3 million.
Revenue (TTM)
$135.00M
+15.3% vs year-ago TTM
Net income (TTM)
$689.51M
+8.2% vs year-ago TTM
Operating cash flow (TTM)
$763.65M
+384.7% vs year-ago TTM
Free cash flow (TTM)
$578.46M
+3569.7% vs year-ago TTM
EPS (TTM)
$10.87
+10.8% vs year-ago TTM
Dividend per share (TTM)
$4.06
+4.1% vs year-ago TTM
Shares outstanding
63.20M
-1.6% vs prior year
Net cash
$24.55B
FY 2025
Operating margin
—
Company profile
- Industry
- National Commercial Banks (SIC 6021)
- Listed as
- CFR (NYSE), CFR-PB (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- TX
- Headquarters
- San Antonio, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 39263
- Former names
- CULLEN FROST BANKERS INC (until Nov 30, 2011)
Other National Commercial Banks companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $121.6M | $106.2M | $93.5M | $91.9M | $83.3M |
| Net income | $648.6M | $582.5M | $598.0M | $579.1M | $443.1M |
| Diluted EPS | $9.92 | $8.87 | $9.10 | $8.81 | $6.76 |
| Operating cash flow | $274.0M | $989.5M | $478.8M | $722.6M | $648.3M |
| Free cash flow | $127.3M | $861.8M | $320.2M | $620.1M | $582.4M |
| Total assets | $53.0B | $52.5B | $50.8B | $52.9B | $50.9B |
| Total liabilities | $48.5B | $48.6B | $47.1B | $49.8B | $46.4B |
| Stockholders' equity | $4.6B | $3.9B | $3.7B | $3.1B | $4.4B |
| Cash and investments | $24.8B | $25.3B | $25.3B | $30.3B | $13.9B |
| Total debt | $296.4M | — | — | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Listing notice, Regulation FD disclosure
|
Oct 29, 2026 | Oct 29, 2026 |
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 29, 2026 | Oct 29, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 17, 2026 | Aug 17, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
All 1000 Cullen/Frost Bankers, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.