Cullen/Frost Bankers financials
$154.21−1.41%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $723.0M | $714.3M | $745.7M | $745.8M | $719.2M | $709.1M | $723.5M | $721.9M | $707.5M | $696.9M | $692.8M | $667.1M |
| Gross profit | $576.0M | $574.8M | $580.9M | $567.3M | $546.9M | $540.2M | $536.3M | $518.0M | $507.9M | $501.4M | $501.9M | $491.4M |
| Gross margin | 79.7% | 80.5% | 77.9% | 76.1% | 76.0% | 76.2% | 74.1% | 71.8% | 71.8% | 72.0% | 72.4% | 73.7% |
| Operating income | $204.5M | $202.4M | $198.0M | $208.0M | $186.6M | $179.1M | $184.0M | $175.2M | $175.2M | $161.6M | $120.7M | $187.0M |
| Net income | $168.4M | $167.2M | $169.3M | $171.0M | $153.8M | $147.8M | $158.0M | $143.3M | $142.1M | $132.4M | $99.6M | $152.4M |
| Net margin | 23.3% | 23.4% | 22.7% | 22.9% | 21.4% | 20.8% | 21.8% | 19.8% | 20.1% | 19.0% | 14.4% | 22.9% |
| Diluted EPS | $2.70 | $2.65 | $2.66 | $2.67 | $2.39 | $2.30 | $2.46 | $2.24 | $2.21 | $2.06 | $1.55 | $2.38 |
| EBITDA | $204.5M | $202.4M | $198.0M | $208.0M | $186.6M | $179.1M | $184.0M | $175.2M | $175.2M | $161.6M | $120.7M | $187.0M |
| Operating cash flow | $52.9M | $237.3M | $180.7M | $248.6M | $140.8M | -$296.1M | $64.3M | $307.2M | $129.6M | $488.4M | -$83.0M | $238.7M |
| Free cash flow | -$7.1M | $199.2M | $139.1M | $211.7M | $114.5M | -$337.1M | $26.7M | $281.9M | $103.0M | $450.3M | -$123.6M | $205.9M |
| Diluted shares | 62.5M | 63.1M | 63.6M | 64.1M | 64.4M | 64.3M | 64.3M | 64.1M | 64.3M | 64.4M | 64.3M | 64.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $697.7M | $638.8M | $681.3M | $615.5M | $759.3M | $759.1M |
| Short-term investments | $27.28B | $26.74B | $27.63B | $27.70B | $26.50B | $27.50B |
| Total debt | $223.2M | $223.1M | $223.0M | $223.0M | $222.9M | $222.9M |
| Total assets | $53.88B | $52.72B | $53.04B | $52.53B | $51.41B | $52.00B |
| Total liabilities | $49.26B | $48.19B | $48.47B | $48.07B | $47.21B | $47.89B |
| Shareholders' equity | $4.62B | $4.53B | $4.57B | $4.46B | $4.20B | $4.11B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology