Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in
Cullen/Frost Bankers Inc banner

Cullen/Frost Bankers Inc
NYSE:CFR

Watchlist Manager
Cullen/Frost Bankers Inc Logo
Cullen/Frost Bankers Inc
NYSE:CFR
Watchlist
Price: 145.23 USD 0.26% Market Closed
Market Cap: $9.2B
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-62%
5Y
-48%
10Y
-31%
Investing Cash Flow
+
3Y
+81%
5Y
+2%
10Y
-29%
Financing Cash Flow
+
3Y
-
5Y
-
10Y
-

Cash Flow Statement
Cullen/Frost Bankers Inc

Rotate your device to view
Cash Flow Statement
Currency: USD
Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Operating Cash Flow
Net Income
86
90
100
117
120
122
128
131
133
132
136
141
146
152
159
165
175
183
190
194
194
199
206
212
218
217
209
207
200
185
181
179
182
197
207
209
213
216
215
218
227
229
233
238
232
234
236
238
244
251
268
278
289
295
294
279
276
274
279
304
320
335
347
364
386
411
436
455
465
465
459
444
382
363
347
331
392
418
430
443
426
427
489
579
658
701
687
598
556
539
530
583
598
609
637
649
Depreciation & Amortization
33
31
31
27
27
26
25
26
26
25
25
25
25
25
25
24
24
24
24
25
27
28
30
31
32
33
33
34
34
35
36
37
37
37
37
38
38
38
38
38
38
38
38
38
38
38
38
39
39
39
39
40
40
41
41
42
44
46
47
48
48
49
48
48
48
48
50
50
51
51
52
54
57
60
63
64
66
67
68
69
70
71
71
71
72
73
74
76
78
80
82
83
84
86
87
88
Change in Deffered Taxes
(7)
(10)
(9)
(8)
(7)
(7)
(5)
(4)
(5)
(2)
0
5
5
4
6
1
(1)
0
(2)
(1)
(1)
0
1
1
2
2
(5)
11
9
5
10
(10)
(8)
(6)
(4)
5
5
6
5
8
6
4
3
(6)
(6)
(4)
(1)
3
4
1
(4)
(4)
(6)
(7)
(9)
(19)
(20)
(21)
(19)
(12)
(12)
(6)
(10)
(15)
0
13
34
53
42
29
12
8
(18)
(44)
0
(16)
15
41
(2)
8
3
0
(0)
(5)
(6)
(5)
(5)
(15)
(17)
(20)
(23)
(12)
(8)
(8)
3
5
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
2
5
7
9
9
10
10
10
10
10
5
10
11
11
17
13
13
13
14
15
15
15
14
16
15
14
14
13
13
12
12
12
12
12
12
13
13
13
13
13
13
13
13
12
12
13
13
13
13
13
14
14
14
15
15
16
15
14
13
14
14
14
13
13
12
13
14
18
21
22
22
25
24
23
22
20
20
20
23
25
Other Non-Cash Items
(4)
(6)
(2)
2
(0)
(2)
(5)
(7)
(4)
(1)
(1)
2
0
(1)
(1)
(6)
(13)
(20)
(24)
(26)
(21)
(20)
(19)
(20)
(23)
(19)
(20)
(15)
(10)
(9)
(3)
(0)
4
10
10
12
13
12
5
15
14
17
28
24
30
32
34
38
39
44
49
60
64
67
72
68
71
72
73
74
80
85
85
88
87
88
90
95
98
102
105
109
115
117
120
120
122
122
121
113
109
105
100
105
97
88
78
69
61
55
49
41
33
32
32
33
Cash Taxes Paid
50
68
0
50
70
65
83
49
47
57
55
54
54
61
57
61
63
61
74
76
74
86
82
85
86
86
89
89
88
100
84
83
84
58
71
63
62
47
51
54
54
70
58
59
59
64
63
50
50
44
52
63
63
58
53
57
57
61
61
50
50
47
53
56
56
38
20
5
5
33
42
45
45
46
47
44
44
27
28
40
40
70
90
100
100
121
119
118
118
114
118
122
122
124
119
0
Cash Interest Paid
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
0
0
0
0
0
0
0
57
0
0
0
47
0
0
0
0
0
0
18
22
26
29
15
15
15
15
14
13
12
12
12
12
12
13
19
24
35
50
69
89
110
124
130
125
114
90
66
49
36
34
31
29
27
36
77
169
290
417
532
616
679
735
775
788
771
746
723
698
Change in Working Capital
56
163
156
144
66
(43)
(34)
57
(6)
(27)
(45)
(45)
(40)
(16)
19
(52)
(300)
(285)
(321)
(245)
(98)
(5)
71
(23)
92
(15)
24
(3)
55
49
3
69
73
71
93
161
143
160
138
(4)
21
(12)
(18)
7
(141)
(201)
(176)
(144)
(34)
(27)
(104)
(84)
(115)
(90)
76
24
99
88
(9)
23
0
(15)
(13)
53
99
44
33
(91)
(157)
(48)
59
19
200
53
(5)
25
(99)
19
(16)
15
153
(8)
(24)
(28)
(263)
(107)
(90)
(250)
121
119
205
295
(502)
(503)
(601)
(501)
Cash from Operating Activities
164
N/A
268
+64%
276
+3%
283
+2%
206
-27%
97
-53%
108
+12%
202
+87%
144
-29%
128
-11%
115
-10%
129
+12%
136
+6%
165
+21%
207
+26%
132
-36%
(115)
N/A
(97)
+16%
(133)
-37%
(53)
+60%
101
N/A
202
+100%
289
+43%
201
-30%
321
+59%
217
-32%
242
+12%
234
-3%
288
+23%
266
-8%
227
-15%
274
+21%
287
+5%
309
+7%
343
+11%
425
+24%
411
-3%
432
+5%
401
-7%
274
-32%
305
+11%
276
-9%
284
+3%
300
+6%
153
-49%
99
-35%
131
+32%
174
+32%
291
+68%
307
+5%
248
-19%
290
+17%
272
-6%
306
+12%
474
+55%
395
-17%
470
+19%
458
-3%
371
-19%
438
+18%
437
0%
447
+2%
458
+3%
538
+17%
619
+15%
604
-3%
643
+7%
562
-13%
498
-11%
600
+21%
687
+15%
634
-8%
737
+16%
549
-25%
524
-5%
524
+0%
495
-6%
666
+34%
602
-10%
648
+8%
761
+17%
595
-22%
636
+7%
723
+14%
558
-23%
751
+35%
745
-1%
479
-36%
799
+67%
774
-3%
842
+9%
990
+17%
205
-79%
216
+5%
158
-27%
274
+74%
Investing Cash Flow
Capital Expenditures
(15)
(45)
(46)
(43)
(44)
(12)
(10)
(13)
(15)
(14)
(14)
(15)
(19)
(20)
(22)
(18)
(17)
(24)
(24)
(28)
(27)
(25)
(25)
(26)
(27)
(42)
(51)
(68)
(85)
(78)
(86)
(78)
(59)
(45)
(25)
(17)
(16)
(23)
(31)
(27)
(31)
(30)
(23)
(25)
(23)
(27)
(30)
(40)
(46)
(66)
(95)
(132)
(171)
(184)
(170)
(147)
(103)
(74)
(61)
(54)
(53)
(45)
(45)
(34)
(45)
(65)
(67)
(79)
(107)
(132)
(191)
(207)
(194)
(160)
(120)
(95)
(77)
(72)
(51)
(66)
(66)
(66)
(84)
(103)
(136)
(160)
(165)
(159)
(151)
(138)
(131)
(128)
(131)
(131)
(142)
(147)
Other Items
(480)
(417)
(345)
(244)
(457)
(501)
(658)
(607)
(373)
(675)
(478)
(618)
(988)
(626)
(581)
(404)
(184)
(145)
22
(342)
(113)
(216)
(480)
(435)
(677)
(975)
(1 073)
(1 162)
(1 437)
(1 278)
(1 099)
(841)
(134)
(60)
(517)
(383)
(1 206)
(825)
(252)
(2 429)
(2 869)
(3 369)
(4 015)
(2 131)
(956)
(1 078)
(197)
(346)
(251)
124
(902)
(2 150)
(2 806)
(3 044)
(2 531)
(1 092)
(218)
(652)
(908)
(1 320)
(1 862)
(1 547)
(630)
(637)
(902)
(1 152)
(2 160)
(1 834)
(2 339)
(1 850)
(1 527)
(1 180)
(16)
(2 349)
(2 626)
(1 536)
(2 348)
1 282
1 802
(2 459)
(5 317)
(8 194)
(9 805)
(8 175)
(5 531)
(3 864)
(2 394)
(784)
478
(151)
133
(52)
(2 489)
(1 861)
(2 304)
(1 454)
Cash from Investing Activities
(495)
N/A
(462)
+7%
(391)
+15%
(287)
+27%
(500)
-74%
(512)
-2%
(668)
-30%
(620)
+7%
(388)
+37%
(690)
-78%
(492)
+29%
(633)
-29%
(1 007)
-59%
(645)
+36%
(603)
+7%
(422)
+30%
(201)
+52%
(169)
+16%
(1)
+99%
(369)
-33 436%
(140)
+62%
(241)
-72%
(505)
-110%
(461)
+9%
(704)
-53%
(1 017)
-44%
(1 124)
-11%
(1 229)
-9%
(1 522)
-24%
(1 356)
+11%
(1 186)
+13%
(919)
+22%
(193)
+79%
(106)
+45%
(543)
-413%
(400)
+26%
(1 222)
-206%
(848)
+31%
(283)
+67%
(2 455)
-768%
(2 901)
-18%
(3 399)
-17%
(4 038)
-19%
(2 156)
+47%
(979)
+55%
(1 105)
-13%
(227)
+79%
(386)
-70%
(297)
+23%
58
N/A
(997)
N/A
(2 282)
-129%
(2 977)
-30%
(3 229)
-8%
(2 702)
+16%
(1 239)
+54%
(321)
+74%
(726)
-126%
(969)
-33%
(1 374)
-42%
(1 914)
-39%
(1 592)
+17%
(675)
+58%
(671)
+1%
(947)
-41%
(1 217)
-29%
(2 227)
-83%
(1 913)
+14%
(2 446)
-28%
(1 982)
+19%
(1 718)
+13%
(1 387)
+19%
(210)
+85%
(2 509)
-1 093%
(2 746)
-9%
(1 631)
+41%
(2 424)
-49%
1 210
N/A
1 751
+45%
(2 525)
N/A
(5 383)
-113%
(8 260)
-53%
(9 889)
-20%
(8 277)
+16%
(5 667)
+32%
(4 024)
+29%
(2 559)
+36%
(943)
+63%
327
N/A
(290)
N/A
2
N/A
(181)
N/A
(2 620)
-1 348%
(1 992)
+24%
(2 446)
-23%
(1 601)
+35%
Financing Cash Flow
Net Issuance of Common Stock
(23)
(35)
(31)
(19)
(9)
6
12
4
(25)
(23)
(17)
(29)
(12)
(4)
(7)
21
46
45
44
38
27
(41)
(87)
(87)
(97)
(29)
17
14
21
18
19
18
34
34
31
41
31
22
16
5
5
7
10
10
54
66
66
69
36
25
29
28
11
6
(61)
(86)
(87)
(81)
25
78
102
118
(25)
(34)
(39)
(52)
47
(69)
(84)
(138)
(150)
(48)
(215)
(164)
(150)
(8)
183
187
185
51
27
21
25
12
8
(20)
(36)
(33)
(33)
(34)
(33)
(38)
(38)
(8)
(66)
(146)
Net Issuance of Debt
53
160
27
(13)
621
598
336
(15)
(379)
(456)
(145)
122
97
169
115
(6)
163
154
86
(19)
148
33
126
(30)
(18)
116
386
(8)
(63)
(74)
(604)
0
(383)
(454)
(271)
(19)
53
123
78
(150)
(67)
(68)
(57)
0
(127)
(106)
(14)
0
5
13
(56)
0
39
(21)
51
0
90
141
172
0
200
190
192
(2)
137
53
86
0
195
342
117
0
(56)
270
408
0
753
654
619
(13)
(59)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cash Paid for Dividends
(44)
(44)
(45)
(45)
(45)
(46)
(47)
(49)
(50)
(51)
(52)
(54)
(55)
(57)
(59)
(62)
(64)
(68)
(71)
(73)
(77)
(82)
(86)
(91)
(94)
(95)
(97)
(98)
(100)
(101)
(101)
(102)
(103)
(105)
(106)
(108)
(110)
(111)
(111)
(112)
(113)
(114)
(116)
(117)
(118)
(121)
(124)
(126)
(130)
(131)
(133)
(135)
(137)
(138)
(139)
(140)
(141)
(141)
(142)
(143)
(145)
(148)
(150)
(152)
(154)
(161)
(167)
(174)
(180)
(181)
(183)
(185)
(188)
(185)
(184)
(183)
(184)
(187)
(192)
(196)
(198)
(200)
(208)
(217)
(225)
(233)
(236)
(239)
(242)
(246)
(247)
(249)
(251)
(256)
(259)
(262)
Other
184
132
553
1 014
958
1 061
440
51
19
32
82
121
230
77
460
956
595
379
302
8
25
134
(141)
219
458
460
532
1 127
1 309
1 872
2 305
1 214
1 702
1 456
1 609
1 160
976
1 153
1 534
2 524
2 200
2 173
2 182
2 580
2 106
1 773
1 736
1 301
2 054
1 847
1 890
1 908
1 459
1 324
832
298
7
446
783
1 552
1 985
1 326
1 296
1 232
536
383
(54)
497
(383)
(12)
735
818
1 846
6 694
6 416
7 798
8 784
6 055
6 113
8 330
7 506
5 809
6 290
3 204
(719)
(3 025)
(3 929)
(2 605)
(1 688)
(167)
1 017
1 026
2 093
2 011
1 356
375
Cash from Financing Activities
170
N/A
214
+26%
505
+136%
938
+86%
1 526
+63%
1 618
+6%
740
-54%
(8)
N/A
(434)
-5 070%
(498)
-15%
(133)
+73%
160
N/A
260
+62%
185
-29%
510
+176%
909
+78%
739
-19%
510
-31%
362
-29%
(47)
N/A
122
N/A
44
-64%
(188)
N/A
12
N/A
249
+1 992%
452
+81%
837
+85%
1 036
+24%
1 169
+13%
1 716
+47%
1 619
-6%
1 130
-30%
1 250
+11%
931
-25%
1 263
+36%
1 075
-15%
950
-12%
1 188
+25%
1 516
+28%
2 268
+50%
2 026
-11%
1 998
-1%
2 019
+1%
2 473
+22%
1 916
-23%
1 612
-16%
1 664
+3%
1 244
-25%
1 966
+58%
1 754
-11%
1 729
-1%
1 800
+4%
1 372
-24%
1 171
-15%
682
-42%
72
-90%
(131)
N/A
364
N/A
838
+130%
1 486
+77%
2 143
+44%
1 487
-31%
1 313
-12%
1 044
-20%
479
-54%
223
-54%
(88)
N/A
254
N/A
(452)
N/A
12
N/A
519
+4 296%
585
+13%
1 388
+137%
6 614
+377%
6 490
-2%
7 608
+17%
9 536
+25%
6 709
-30%
6 725
+0%
8 171
+21%
7 276
-11%
6 139
-16%
6 632
+8%
3 000
-55%
(47)
N/A
(3 278)
-6 944%
(4 200)
-28%
(2 877)
+32%
(1 963)
+32%
(447)
+77%
736
N/A
738
+0%
1 804
+144%
1 747
-3%
1 030
-41%
(33)
N/A
Change in Cash
Effect of Foreign Exchange Rates
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
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
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
0
0
0
0
0
0
0
0
0
0
0
0
Net Change in Cash
(161)
N/A
20
N/A
390
+1 888%
933
+139%
1 231
+32%
1 203
-2%
180
-85%
(426)
N/A
(679)
-59%
(1 059)
-56%
(510)
+52%
(344)
+32%
(611)
-77%
(296)
+52%
113
N/A
620
+448%
423
-32%
244
-42%
227
-7%
(469)
N/A
83
N/A
5
-93%
(404)
N/A
(248)
+39%
(135)
+46%
(348)
-159%
(45)
+87%
41
N/A
(66)
N/A
626
N/A
661
+6%
484
-27%
1 344
+178%
1 134
-16%
1 063
-6%
1 100
+3%
139
-87%
772
+456%
1 635
+112%
87
-95%
(570)
N/A
(1 125)
-97%
(1 735)
-54%
617
N/A
1 090
+77%
606
-44%
1 568
+159%
1 031
-34%
1 960
+90%
2 119
+8%
980
-54%
(192)
N/A
(1 333)
-594%
(1 752)
-31%
(1 546)
+12%
(773)
+50%
19
N/A
97
+417%
241
+149%
550
+129%
666
+21%
341
-49%
1 096
+221%
912
-17%
152
-83%
(391)
N/A
(1 672)
-328%
(1 097)
+34%
(2 400)
-119%
(1 370)
+43%
(512)
+63%
(168)
+67%
1 914
N/A
4 654
+143%
4 268
-8%
6 501
+52%
7 607
+17%
8 585
+13%
9 078
+6%
6 294
-31%
2 655
-58%
(1 526)
N/A
(2 621)
-72%
(4 555)
-74%
(5 155)
-13%
(6 551)
-27%
(6 015)
+8%
(3 341)
+44%
(837)
+75%
37
N/A
1 580
+4 120%
1 547
-2%
(611)
N/A
(29)
+95%
(1 258)
-4 284%
(1 360)
-8%

See Also

Summary
CFR intrinsic value, competitors valuation, and company profile.
DCF Valuation
CFR stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CFR stock valuation using valuation multiples.
Wall Street Estimates
CFR price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CFR stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 319,500+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.