CFR - NYSE
Cullen/Frost Bankers, Inc.
$134.28
-0.58%Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services. It also provides consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. In addition, the company offers international banking services comprising deposits, loans, letters of credit, foreign collections, funds, and foreign exchange services. Further, it acts as a correspondent for approximately 171 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and supports international business activities. Additionally, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as investment management services to Frost-managed mutual funds, institutions, and individuals. It operates approximately 157 financial centers and 1,650 ATMs. The company serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.
At a Glance
Live SnapshotCullen/Frost Bankers, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
Cullen/Frost Bankers, Inc. Cash Flow Statement
CFR • NYSE
| Cullen/Frost Bankers, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
648.6M | 582.5M | 598M | 579.2M | 443.1M | 331.2M | 443.6M | 454.9M | 364.1M | 304.3M | 279.3M | 278M | 237.9M | 238M | 217.5M | 208.8M | 179M | 207.3M | 212.1M | 193.6M | |
127.4M | 82.8M | 76.4M | 71.3M | 69.3M | 64.4M | 54.1M | 50.2M | 47.8M | 48.2M | 42.1M | 39.9M | 38.5M | 37.8M | 37.6M | 37.6M | 36.5M | 33.6M | 31.4M | 25.2M | |
5.4M | -11.6M | -14.8M | -4.9M | 7.8M | -15.8M | 7.6M | 52.9M | -14.5M | -11.6M | -19.1M | -4.1M | 3.3M | -6.4M | 8.2M | 4.6M | -9.9M | 11.4M | 857K | -1.3M | |
24.8M | 19.8M | 24.6M | 18.3M | 12.8M | 13.9M | 15.9M | 13.9M | 13M | 11.8M | 12.7M | 12.5M | 12M | 12.8M | 16M | 14.9M | 12.6M | 10.2M | 0.0 | 0.0 | |
13.7M | 86.3M | 91M | 90.1M | 100.2M | 238M | 126.9M | 103.2M | 115.4M | 98.7M | 107.2M | 63.7M | 45.7M | 16.4M | 19.6M | 40.8M | 53.6M | 12.4M | -5.4M | -7.2M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (54.4M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-545.8M | 229.8M | -296.3M | -31.4M | 15.2M | -107.3M | -14M | -112.8M | 12.2M | -13.5M | -27.5M | -100.1M | -163.7M | 1.4M | -24.5M | 117.8M | 2M | -40.4M | -37.6M | -263.4M | |
274M | 989.5M | 478.8M | 722.6M | 648.3M | 524.2M | 634.1M | 562.4M | 538.1M | 437.8M | 394.9M | 289.9M | 173.6M | 300M | 274.4M | 424.5M | 273.9M | 234.4M | 201.3M | -53.1M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-146.7M | -127.8M | -158.6M | -102.5M | -65.9M | -95.4M | -206.7M | -79.3M | -34.1M | -53.6M | -147.1M | -132M | -39.6M | -24.9M | -26.7M | -16.8M | -78.3M | -67.5M | -21.1M | -27.3M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -492K | (0.0) | (830.7M) | -1.9M | -7.2M | -650K | (0.0) | -1.2M | -586K | -2.8M | -100.1M | |
-21.5B | -17.9B | -20.3B | -23.6B | -24.2B | -20.8B | -24B | -18.2B | -13.5B | -16.4B | -14.1B | -19.5B | -11.4B | -18.6B | -8.8B | -11.5B | -12.4B | -7.7B | -13.6B | -14.1B | |
21.2B | 19.8B | 21.2B | 16.2B | 20.6B | 22.1B | 23.4B | 17.3B | 14.1B | 15.5B | 13.6B | 17.3B | 11.4B | 17.7B | 6.3B | 10.9B | 11.1B | 7.6B | 13.5B | 14B | |
-1.1B | -2B | -1.7B | -817M | 1.2B | -2.8B | -660.9M | -970.1M | -1.2B | -448.5M | -493.3M | -788.8M | -291.3M | -1.2B | 90.1M | 197.4M | 411.7M | -1.1B | -387M | -178.8M | |
-1.6B | -180.9M | -942.8M | -8.3B | -2.5B | -1.6B | -1.4B | -1.9B | -670.6M | -1.4B | -1.2B | -2.3B | -385.9M | -2.2B | -2.5B | -399.8M | -919.4M | -1.2B | -461.3M | -368.9M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-145.9M | -60.9M | -42.7M | -4.4M | -3.9M | -7.8M | -68.8M | -101M | -101.5M | -1.3M | -101.2M | -1.5M | -144.6M | -436K | -2M | 2.6M | 1.7M | -23.1M | -86.8M | 38M | |
179.7M | 223.5M | -570.9M | 1.9B | 636.3M | 421.7M | 327.8M | 219.7M | 169.3M | 83.5M | 90.4M | 84.7M | 107.2M | -161.2M | 96.5M | -25.3M | -591.2M | 132.5M | -59.4M | 86.4M | |
-262M | -249.1M | -239M | -216.5M | -195.9M | -182.6M | -185.1M | -173.5M | -152.2M | -143M | -140.2M | -135.2M | -126.3M | -116.9M | -112.2M | -108M | -102.1M | -98.2M | -90.8M | -73.4M | |
-157.8M | -60.9M | -42.7M | -4.4M | -3.9M | -165.8M | -68.8M | -101M | -101.5M | -1.3M | -101.2M | -1.5M | -144.6M | -436K | -2M | -986K | -800K | -23.1M | (0.0) | (0.0) | |
195.1M | 824.8M | -2B | 1.3B | 7.7B | 7.4B | 511.1M | 308.5M | 1.1B | 1.5B | 222.5M | 1.9B | 1.3B | 2.8B | 2.3B | 1.2B | 1.8B | 1B | 249M | -97.8M | |
-33.1M | 738.3M | -2.9B | 3B | 8.2B | 7.6B | 585.1M | 253.7M | 1B | 1.5B | 71.5M | 1.8B | 1.2B | 2.5B | 2.3B | 1.1B | 1.1B | 1B | 11.9M | -46.8M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
-1.4B | 1.5B | -3.3B | -4.6B | 6.3B | 6.5B | -167.6M | -1.1B | 911.6M | 549.9M | -772.6M | -192M | 1B | 617.4M | 86.6M | 1.1B | 484.1M | 40.8M | -248.1M | -468.8M | |
10.2B | 8.7B | 12B | 16.6B | 10.3B | 3.8B | 4B | 5.1B | 4.1B | 3.6B | 4.4B | 4.6B | 3.5B | 2.9B | 2.8B | 1.7B | 1.2B | 1.2B | 1.4B | 1.9B | |
8.9B | 10.2B | 8.7B | 12B | 16.6B | 10.3B | 3.8B | 4B | 5.1B | 4.1B | 3.6B | 4.4B | 4.6B | 3.5B | 2.9B | 2.8B | 1.7B | 1.2B | 1.2B | 1.4B | |
127.3M | 861.8M | 320.2M | 620.1M | 582.4M | 428.8M | 427.4M | 483.1M | 504M | 384.2M | 247.7M | 157.9M | 134M | 275.1M | 247.7M | 407.7M | 195.7M | 166.9M | 180.2M | -80.4M |
SEC Filings
CFR - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 29, 2026 | 2026 | |
DEF 14A DEF 14A 2025 N/A | March 20, 2026 | December 31, 2025 | 2025 | |
8-K/A 8-K/A 2026 (Amended) N/A | March 03, 2026 | February 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 11, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 05, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 30, 2026 | January 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 29, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 30, 2025 | September 30, 2025 | 2025 |
Related Guides
Continue your CFR research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.