Cullen/Frost Bankers (CFR) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
2.1B
Net Income
582.5M
28.23%
Balance Sheet Metrics
Total Assets
52.5B
Total Liabilities
48.6B
Shareholders Equity
3.9B
Debt to Equity
12.47
Cash Flow Metrics
Operating Cash Flow
899.5M
Free Cash Flow
861.8M
Revenue & Profitability Trend
Cullen/Frost Bankers Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 2.1B | 2.0B | 1.7B | 1.4B | 1.4B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | 832.5M | 788.2M | 636.3M | 524.3M | 507.9M |
| Operating Income | - | - | - | - | - |
| Pre-tax Income | 696.0M | 712.4M | 668.8M | 489.5M | 351.3M |
| Income Tax | 113.4M | 114.4M | 89.7M | 46.5M | 20.2M |
| Net Income | 582.5M | 598.0M | 579.2M | 443.1M | 331.2M |
| EPS (Diluted) | - | $9.10 | $8.81 | $6.76 | $5.10 |
Income Statement Trend
Cullen/Frost Bankers Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | - | - | - | - | - |
| Non-Current Assets | - | - | - | - | - |
| Total Assets | 52.5B | - | - | - | - |
| Liabilities | |||||
| Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 48.6B | - | - | - | - |
| Equity | |||||
| Total Shareholders Equity | 3.9B | 3.7B | 3.1B | 4.4B | 4.3B |
Balance Sheet Composition
Cullen/Frost Bankers Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 582.5M | 598.0M | 579.2M | 443.1M | 331.2M |
| Operating Cash Flow | 899.5M | 384.9M | 630.4M | 545.6M | 282.5M |
| Investing Activities | |||||
| Capital Expenditures | -127.8M | -157.3M | -102.4M | -58.8M | -89.4M |
| Investing Cash Flow | 1.8B | 743.3M | -7.5B | -3.7B | 1.2B |
| Financing Activities | |||||
| Dividends Paid | -249.1M | -239.0M | -216.5M | -195.9M | -182.6M |
| Financing Cash Flow | -86.5M | -852.6M | 1.7B | 436.5M | 218.7M |
| Free Cash Flow | 861.8M | 320.2M | 620.1M | 582.4M | 428.8M |
Cash Flow Trend
Cullen/Frost Bankers Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
13.89
Forward P/E
14.69
Price to Book
2.05
Price to Sales
3.99
PEG Ratio
14.69
Profitability Ratios
Profit Margin
29.33%
Operating Margin
35.34%
Return on Equity
15.42%
Return on Assets
1.18%
Financial Health
Debt to Equity
1.26
Beta
0.67
Per Share Data
EPS (TTM)
$9.11
Book Value per Share
$61.74
Revenue per Share
$31.78
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| cfr | 8.1B | 13.89 | 2.05 | 15.42% | 29.33% | 1.26 |
| PNC Financial | 70.3B | 12.56 | 1.39 | 11.33% | 28.75% | 1.12 |
| U.S. Bancorp | 69.7B | 11.08 | 1.31 | 11.53% | 26.38% | 1.34 |
| SouthState | 9.0B | 13.91 | 1.04 | 7.18% | 27.82% | 0.30 |
| Webster Financial | 9.0B | 12.09 | 1.01 | 8.68% | 32.85% | 0.45 |
| Commerce Bancshares | 8.1B | 15.07 | 2.34 | 17.01% | 33.17% | 0.70 |
Financial data is updated regularly. All figures are in the company's reporting currency.