profit from every $100 of sales.
$0$100
Cullen/Frost Bankers
$158.17+0.23% today
+28.5% in 1 year
1-year low $119.851-year high $170.08
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $15.16 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Cullen/Frost Bankers sold, what it kept, and what it did with the cash.
Sales went from $1.70 billion in 2022 to $2.24 billion in 2025, with $649 million of profit last year.
SalesProfit
Cullen/Frost Bankers handed back more cash to shareholders than it generated last year.
Buybacks $158M$262M
Free cash flow 2025$127M
Bought back its own shares$158M
Paid as dividends$262M
Cash vs. debt$8.9B vs. $223M
Cullen/Frost Bankers vs. similar companies
Cullen/Frost Bankers grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Cullen/Frost Bankers | 15.2× · Fair price | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Cullen/Frost Bankers's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,441 | 1,372 | 1,696 | 1,987 | 2,064 | 2,235 | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| 461 | 583 | 925 | 1,448 | – | – | |
| 331 | 443 | 579 | 598 | 583 | 649 | |
| 5.10 | 6.76 | 8.81 | 9.10 | 8.87 | 9.92 | |
| – | – | – | – | – | – | |
| – | – | – | – | – | – | |
| 23.0% | 32.3% | 34.1% | 30.1% | 28.2% | 29.0% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 42,391 | 50,878 | 52,892 | 50,845 | 52,520 | 53,041 |
| Cash | 10,289 | 16,583 | 11,820 | 8,603 | 10,219 | 8,864 |
| Total debt | – | – | 222 | 223 | 223 | 223 |
| Total liabilities | 38,098 | 46,439 | 49,755 | 47,129 | 48,622 | 48,468 |
| 4,293 | 4,440 | 3,137 | 3,716 | 3,899 | 4,573 | |
| 63 | 64 | 65 | 64 | 64 | 64 | |
| 7.3% | 9.1% | 20.1% | 27.5% | – | – | |
| 7.7% | 10.0% | 18.5% | 16.1% | 14.9% | 14.2% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 524 | 648 | 723 | 479 | 990 | 274 | |
| 95 | 66 | 103 | 159 | 128 | 147 | |
| 429 | 582 | 620 | 320 | 862 | 127 | |
| Dividends paid | 181 | 189 | 216 | 239 | 249 | 262 |
| 16 | 4 | 4 | 43 | 61 | 158 | |
| 14 | 13 | 18 | 25 | 20 | 25 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 15.2×
- 15.1×
- 1.07
- 2.1×
- 4.4×
- 6.6%
- 3.0%
Profitability
- 29.0%
- 1.3%
- 6.9%
- 15.1%
- 1.3%
Growth
- +9.2%
- +14.2%
- +6.7%
- −0.2%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 32%of 854
Top 34%of 733
Bottom 44%of 876
Top 47%of 878
Bottom 29%of 929
What analysts expect
- Average price target
- $154.88
- Range
- $144.00 – $164.00
- 3 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 30, 2026 | 2.65 | 2.51 | +5.6% |
| Jan 29, 2026 | 2.57 | 2.47 | +4.0% |
| Oct 30, 2025 | 2.67 | 2.38 | +12.2% |
| Jul 31, 2025 | 2.39 | 2.28 | +4.8% |
| May 1, 2025 | 2.30 | 2.16 | +6.5% |
| Jan 30, 2025 | 2.36 | 2.17 | +8.8% |
| Oct 31, 2024 | 2.24 | 2.17 | +3.2% |
| Jul 25, 2024 | 2.21 | 2.07 | +6.8% |
3.0%of the share price, paid each year
On $1,000 invested$30a year at today's yield, before tax
+6.7%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$2.10 in 2015 → $3.95 in 2025
How safe it looks
40.4% of its profit
Room to growStretchedMore than it earns: 205.8%
News
Cullen/Frost Bankers to move listing to Texas Stock ExchangeSeeking Alpha · Oct 30, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
42No pass
Benjamin Graham
60Pass
Philip Fisher
66Pass
Peter Lynch
67Pass
Joel Greenblatt
15No pass
Charlie Munger
50No pass
Terry Smith
37No pass
Questions about Cullen/Frost Bankers
Is Cullen/Frost Bankers a good stock to buy?
A strong, very profitable business at a fair price. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Cullen/Frost Bankers AI analysis
What does Cullen/Frost Bankers do?
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. It is in Banks - Regional, based in San Antonio, TX, United States, with 6,008 employees.
Does Cullen/Frost Bankers pay a dividend?
Yes. At today's price the dividend is 3.0% a year, about 40% of its yearly profit. In 2025 it paid out $262 million in dividends.
Is Cullen/Frost Bankers stock halal?
No. Cullen/Frost Bankers does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Cullen/Frost Bankers stock done over the past year?
Up 28.5% over the past twelve months, to $158.17. It traded between $119.85 and $170.08 and is 7.0% below its high.
Who are Cullen/Frost Bankers's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Cullen/Frost Bankers's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.