NYSE · NATIONAL COMMERCIAL BANKS · LARGE CAP
Cullen/Frost Bankers, Inc. CFR
18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY17 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$121.6M
▲ 14.4% vs FY2024
Dividend streak
17 yrs
Raised every year since 2009
EPS · FY25
$9.92
Dividend / sh · FY25
$3.95
Payout · FY25
39%
ROE · FY25
15.3%
Net margin · FY25
533.5%
Dividend coverage
2.5×
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Result
USD 121.6M
Revenue, FY2025 · full 18-year series below
Revenue
Net income
533 cents of every revenue dollar became profit this year.
Per share
USD 9.92
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 2.5 times — the rest stayed in the company.
Profitability
15.3%
Return on equity, FY2025
ROE
Operating margin634.8%
Net margin533.5%
Return on assets1.2%
Each USD of equity produced 15 cents of profit this year.
Returned to shareholders
USD 401.2M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 255.4M
Net buybacksUSD 145.9M
Share of profit61.9%
Consecutive raises17 years
USD 255.4M in dividends and USD 145.9M in buybacks — 62% of the year's profit went back to shareholders.
Growth
+8.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+9.8%
+8.5%
−19.5%
Net income
+3.8%
+14.4%
+8.8%
+7.8%
EPS, diluted
+4.0%
+14.2%
+8.8%
+7.3%
Dividend / share
+6.8%
+6.7%
+6.5%
+5.5%
Returned to shareholders
+24.1%
+16.9%
+6.3%
+9.1%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
USD 53.0B
total assets, end of FY2025
Total assetsUSD 53.0B
EquityUSD 4.6B
CashUSD 8.9B
DepositsUSD 42.9B
Equity funds 9% of total assets.
History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
1.2
1.1
1.1
1.0
0.9
0.9
0.9
·
·
·
Operating income $B
0.8
0.7
0.7
0.7
0.5
0.4
0.5
0.5
0.4
0.3
0.3
0.3
0.3
0.3
0.3
0.3
·
·
EBITDA $B
0.8
0.8
0.8
0.7
0.5
0.4
0.5
0.5
0.4
·
·
·
·
·
·
·
·
·
Income tax $B
0.1
0.1
0.1
0.1
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
Net income $B
0.6
0.6
0.6
0.6
0.4
0.3
0.4
0.5
0.4
0.3
0.3
0.3
0.2
0.2
0.2
0.2
0.2
0.2
EPS, diluted $
9.92
8.87
9.10
8.81
6.76
5.10
6.84
6.90
5.51
4.70
4.28
4.29
3.80
3.86
3.54
3.44
3.00
3.50
Dividend / sh $
3.95
3.74
3.58
3.24
2.94
2.85
2.80
2.58
2.25
2.15
2.10
2.03
1.98
1.90
1.83
1.78
1.71
1.66
Payout %
39
42
39
36
43
55
40
36
40
44
47
46
50
49
52
52
57
47
ROE %
15.3
15.3
17.4
15.3
10.1
8.1
12.2
13.6
11.6
10.3
9.7
10.4
9.6
10.1
10.0
10.6
9.8
11.8
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
34 of 34
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed