CullenFrost Financial Statements From 2010 to 2024

CFR Stock  USD 106.45  1.16  1.10%   
CullenFrost Bankers financial statements provide useful quarterly and yearly information to potential CullenFrost Bankers investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on CullenFrost Bankers financial statements helps investors assess CullenFrost Bankers' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting CullenFrost Bankers' valuation are summarized below:
Gross Profit
1.7 B
Profit Margin
0.2877
Market Capitalization
6.8 B
Revenue
1.9 B
Earnings Share
8.45
There are over one hundred nineteen available fundamental signals for CullenFrost Bankers, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to validate CullenFrost Bankers' prevailing fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction. As of 05/03/2024, Market Cap is likely to grow to about 7.3 B, though Enterprise Value is likely to grow to (1.3 B).

CullenFrost Bankers Total Revenue

2.33 Billion

Check CullenFrost Bankers financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CullenFrost main balance sheet or income statement drivers, such as Interest Expense of 692 M, Other Operating Expenses of 1.8 B or Operating Income of 748 M, as well as many exotic indicators such as Price To Sales Ratio of 3.6, Dividend Yield of 0.0209 or PTB Ratio of 1.56. CullenFrost financial statements analysis is a perfect complement when working with CullenFrost Bankers Valuation or Volatility modules.
  
This module can also supplement CullenFrost Bankers' financial leverage analysis and stock options assessment as well as various CullenFrost Bankers Technical models . Check out the analysis of CullenFrost Bankers Correlation against competitors.
To learn how to invest in CullenFrost Stock, please use our How to Invest in CullenFrost Bankers guide.

CullenFrost Bankers Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding58.6 M64.2 M60.8 M
Slightly volatile
Total Assets53.4 B50.8 B33.5 B
Slightly volatile
Short and Long Term Debt Total251.5 M222.6 M217.6 M
Slightly volatile
Total Current Liabilities31.7 B30.2 B4.4 B
Slightly volatile
Total Stockholder Equity3.9 B3.7 B3.1 B
Slightly volatile
Property Plant And Equipment Net1.2 B1.2 B684.8 M
Slightly volatile
Retained Earnings3.8 B3.7 B2.3 B
Slightly volatile
Accounts PayableB996.2 M462.7 M
Slightly volatile
CashB8.6 B6.1 B
Slightly volatile
Non Current Assets Total1.1 B1.2 B9.8 B
Pretty Stable
Other Assets16.4 B32.5 B23.9 B
Pretty Stable
Cash And Short Term Investments18.1 B17.2 B14.2 B
Slightly volatile
Net Receivables1.3 B1.2 B550.8 M
Slightly volatile
Liabilities And Stockholders Equity53.4 B50.8 B33.5 B
Slightly volatile
Non Current Liabilities Total261.5 M222.6 M260.8 M
Slightly volatile
Other Stockholder Equity517.6 MB779.9 M
Slightly volatile
Total Liabilities49.5 B47.1 B30.4 B
Slightly volatile
Property Plant And Equipment Gross1.7 B1.6 B785.7 M
Slightly volatile
Total Current Assets10.2 B17.2 B16 B
Slightly volatile
Short Term Debt4.4 B4.2 B1.9 B
Slightly volatile
Common Stock Total Equity657.9 K739.5 K633.8 K
Slightly volatile
Common Stock659.9 K644 K627.5 K
Slightly volatile
Other Liabilities244 M373.7 M243 M
Pretty Stable
Long Term Debt218 M222.6 M220.4 M
Slightly volatile
Short Term Investments17.4 B16.6 B10.5 B
Slightly volatile
Intangible Assets330 K347.4 K13.4 M
Slightly volatile
Property Plant Equipment1.3 B1.3 B700.6 M
Slightly volatile
Other Current Assets7.3 BB6.3 B
Slightly volatile
Good Will554.9 M753.2 M593.3 M
Slightly volatile
Net Tangible Assets2.7 B2.7 B2.4 B
Slightly volatile
Long Term Debt Total194.4 M200.2 M235.6 M
Slightly volatile
Capital Surpluse982.3 M1.2 B905.7 M
Slightly volatile
Long Term Investments18.9 B20.2 B17 B
Slightly volatile
Non Current Liabilities Other6.7 B6.4 B2.5 B
Slightly volatile
Short and Long Term Debt1.4 B1.6 B1.3 B
Slightly volatile
Earning Assets21 B36.5 B19.8 B
Slightly volatile
Net Invested Capital4.2 B3.8 B3.6 B
Slightly volatile
Capital Stock160.3 M146.1 M146.4 M
Slightly volatile

CullenFrost Bankers Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Operating Income748 M712.4 M473.2 M
Slightly volatile
EBIT748 M712.4 M476.5 M
Slightly volatile
EBITDA363.1 M712.4 M455.7 M
Slightly volatile
Net Income627.9 M598 M360.5 M
Slightly volatile
Depreciation And Amortization80.3 M76.4 M15.8 M
Slightly volatile
Selling General Administrative827.6 M788.2 M450.1 M
Slightly volatile
Total Revenue2.3 B2.2 B1.2 B
Slightly volatile
Gross Profit2.3 B2.2 B1.2 B
Slightly volatile
Income Before Tax748 M712.4 M418.2 M
Slightly volatile
Net Income Applicable To Common Shares691.3 M658.3 M370.2 M
Slightly volatile
Selling And Marketing Expenses34.1 M48.6 M30.7 M
Slightly volatile
Net Income From Continuing Ops460.7 M598 M409.6 M
Slightly volatile
Preferred Stock And Other Adjustments5.7 MM6.9 M
Slightly volatile
Tax Provision62.7 M124.9 M51.8 M
Slightly volatile
Net Interest Income1.1 B1.6 B931 M
Slightly volatile
Interest Income1.2 B2.2 BB
Slightly volatile
Reconciled Depreciation80.3 M76.4 M47.3 M
Very volatile

CullenFrost Bankers Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow12.6 B12 B6.1 B
Slightly volatile
Depreciation80.3 M76.4 M51 M
Slightly volatile
Other Non Cash Items47.4 M91 M85.1 M
Slightly volatile
Capital Expenditures166.6 M158.6 M90 M
Slightly volatile
Net Income627.9 M598 M360 M
Slightly volatile
End Period Cash Flow9.1 B8.7 B6.2 B
Slightly volatile
Other Cashflows From Investing Activities5.1 M5.4 M69.3 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.63.50526.3456
Slightly volatile
Dividend Yield0.02090.03430.028
Very volatile
PTB Ratio1.561.87421.6097
Slightly volatile
Days Sales Outstanding1.7 K1.6 K454
Slightly volatile
Book Value Per Share60.7857.884849.0705
Slightly volatile
Invested Capital1.241.18360.5077
Slightly volatile
Stock Based Compensation To Revenue0.01390.01240.0168
Pretty Stable
PB Ratio1.561.87421.6097
Slightly volatile
ROIC0.070.07370.1426
Slightly volatile
Net Income Per Share9.789.31365.7209
Slightly volatile
Payables Turnover2.252.532.7538
Slightly volatile
Sales General And Administrative To Revenue0.330.37220.5123
Slightly volatile
Cash Per Share412392263
Slightly volatile
Interest Coverage1.031.080912.5662
Slightly volatile
Payout Ratio0.330.39970.4255
Very volatile
Days Payables Outstanding104117127
Slightly volatile
ROE0.0960.16090.1051
Slightly volatile
PE Ratio11.0711.648515.0614
Slightly volatile
Return On Tangible Assets0.00860.01180.0101
Slightly volatile
Earnings Yield0.09010.08580.068
Slightly volatile
Intangibles To Total Assets0.02480.01420.0198
Slightly volatile
Current Ratio0.540.570147.491
Slightly volatile
Tangible Book Value Per Share828788141
Slightly volatile
Receivables Turnover0.170.182.2054
Slightly volatile
Graham Number11611078.6062
Slightly volatile
Shareholders Equity Per Share60.7857.884849.0705
Slightly volatile
Debt To Equity1.241.18360.5077
Slightly volatile
Revenue Per Share32.530.951318.1433
Slightly volatile
Interest Debt Per Share82.7278.776330.4118
Slightly volatile
Debt To Assets0.09080.08650.0424
Slightly volatile
Price Earnings Ratio11.0711.648515.0614
Slightly volatile
Operating Cycle87.2998.2107
Slightly volatile
Price Book Value Ratio1.561.87421.6097
Slightly volatile
Days Of Payables Outstanding104117127
Slightly volatile
Dividend Payout Ratio0.330.39970.4255
Very volatile
Pretax Profit Margin0.30.35850.4887
Slightly volatile
Ebt Per Ebit0.510.590.7071
Very volatile
Operating Profit Margin0.510.35850.7193
Pretty Stable
Effective Tax Rate0.260.16060.1441
Very volatile
Company Equity Multiplier13.2313.681111.3062
Pretty Stable
Long Term Debt To Capitalization0.05370.05650.069
Slightly volatile
Total Debt To Capitalization0.570.5420.2832
Slightly volatile
Return On Capital Employed0.03270.03440.0199
Very volatile
Debt Equity Ratio1.241.18360.5077
Slightly volatile
Ebit Per Revenue0.510.35850.7193
Pretty Stable
Quick Ratio0.790.834942.2216
Pretty Stable
Net Income Per E B T0.620.83940.8479
Very volatile
Cash Ratio0.270.285214.2333
Slightly volatile
Days Of Sales Outstanding1.7 K1.6 K454
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.110.66871.2478
Slightly volatile
Price To Book Ratio1.561.87421.6097
Slightly volatile
Fixed Asset Turnover2.821.66992.0283
Slightly volatile
Debt Ratio0.09080.08650.0424
Slightly volatile
Price Sales Ratio3.63.50526.3456
Slightly volatile
Return On Assets0.00850.01180.0099
Slightly volatile
Asset Turnover0.05380.03910.037
Pretty Stable
Net Profit Margin0.230.30090.419
Slightly volatile
Gross Profit Margin0.681.01.0441
Very volatile
Price Fair Value1.561.87421.6097
Slightly volatile
Return On Equity0.0960.16090.1051
Slightly volatile

CullenFrost Bankers Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap7.3 BB5.9 B
Slightly volatile

CullenFrost Fundamental Market Drivers

Forward Price Earnings13.21
Cash And Short Term Investments17.2 B

CullenFrost Upcoming Events

25th of April 2024
Upcoming Quarterly Report
View
25th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
23rd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About CullenFrost Bankers Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include CullenFrost Bankers income statement, its balance sheet, and the statement of cash flows. CullenFrost Bankers investors use historical funamental indicators, such as CullenFrost Bankers's revenue or net income, to determine how well the company is positioned to perform in the future. Although CullenFrost Bankers investors may use each financial statement separately, they are all related. The changes in CullenFrost Bankers's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CullenFrost Bankers's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CullenFrost Bankers Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CullenFrost Bankers. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue-3.5 B-3.3 B
Total Revenue2.2 B2.3 B
Cost Of Revenue-207.5 M-197.1 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.37  0.33 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.08)(0.08)
Revenue Per Share 30.95  32.50 
Ebit Per Revenue 0.36  0.51 

Pair Trading with CullenFrost Bankers

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CullenFrost Bankers position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CullenFrost Bankers will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to CullenFrost Bankers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CullenFrost Bankers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CullenFrost Bankers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CullenFrost Bankers to buy it.
The correlation of CullenFrost Bankers is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CullenFrost Bankers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CullenFrost Bankers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CullenFrost Bankers can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether CullenFrost Bankers is a strong investment it is important to analyze CullenFrost Bankers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CullenFrost Bankers' future performance. For an informed investment choice regarding CullenFrost Stock, refer to the following important reports:
Check out the analysis of CullenFrost Bankers Correlation against competitors.
To learn how to invest in CullenFrost Stock, please use our How to Invest in CullenFrost Bankers guide.
Note that the CullenFrost Bankers information on this page should be used as a complementary analysis to other CullenFrost Bankers' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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Is CullenFrost Bankers' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CullenFrost Bankers. If investors know CullenFrost will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CullenFrost Bankers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.24)
Dividend Share
3.63
Earnings Share
8.45
Revenue Per Share
30.123
Quarterly Revenue Growth
(0.02)
The market value of CullenFrost Bankers is measured differently than its book value, which is the value of CullenFrost that is recorded on the company's balance sheet. Investors also form their own opinion of CullenFrost Bankers' value that differs from its market value or its book value, called intrinsic value, which is CullenFrost Bankers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CullenFrost Bankers' market value can be influenced by many factors that don't directly affect CullenFrost Bankers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CullenFrost Bankers' value and its price as these two are different measures arrived at by different means. Investors typically determine if CullenFrost Bankers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CullenFrost Bankers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.