CFR: Cullen/frost Bankers Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Cullen/frost Bankers Inc (CFR).
$8.61B Market Cap.
CFR Market Cap. (MRY)
CFR Shares Outstanding (MRY)
CFR Assets (MRY)
Total Assets
$52.52B
Total Liabilities
$48.62B
Total Investments
$39.10B
CFR Income (MRY)
Revenue
$2.00B
Net Income
$582.54M
Operating Expense
$1.30B
CFR Cash Flow (MRY)
CF Operations
$989.53M
CF Investing
-$180.88M
CF Financing
$738.33M
CFR Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $52,520,259,000 (3.29%) | $50,845,038,000 (-3.87%) | $52,892,376,000 (3.96%) | $50,878,490,000 (20.02%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $0 (0%) | $0 (0%) | $0 (0%) | $655,818,000 (-0.11%) |
Shareholders Equity | $3,898,588,000 (4.90%) | $3,716,447,000 (18.46%) | $3,137,228,000 (-29.33%) | $4,439,555,000 (3.41%) |
Property Plant & Equipment Net | $1,245,377,000 (4.65%) | $1,190,033,000 (7.92%) | $1,102,695,000 (4.99%) | $1,050,331,000 (0.45%) |
Cash & Equivalents | $10,234,258,000 (17.81%) | $8,687,276,000 (-27.78%) | $12,028,132,000 (-27.47%) | $16,583,000,000 (61.17%) |
Accumulated Other Comprehensive Income | -$1,252,004,000 (-11.86%) | -$1,119,219,000 (16.99%) | -$1,348,294,000 (-488.20%) | $347,318,000 (-32.29%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $39,095,972,000 (0.74%) | $38,807,771,000 (2.56%) | $37,838,081,000 (18.33%) | $31,976,839,000 (7.25%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Accumulated Retained Earnings (Deficit) | $3,951,482,000 (8.03%) | $3,657,688,000 (10.52%) | $3,309,671,000 (11.93%) | $2,956,966,000 (7.50%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $4,587,748,000 (5.13%) | $4,364,006,000 (-11.56%) | $4,934,695,000 (65.10%) | $2,988,913,000 (27.06%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $48,621,671,000 (3.17%) | $47,128,591,000 (-5.28%) | $49,755,148,000 (7.14%) | $46,438,935,000 (21.89%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
CFR Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $1,998,725,000 (2.97%) | $1,941,035,000 (14.64%) | $1,693,101,000 (23.45%) | $1,371,532,000 (14.27%) |
Cost of Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Selling General & Administrative Expense | $1,021,078,000 (10.66%) | $922,706,000 (13.36%) | $813,970,000 (16.68%) | $697,608,000 (3.94%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $1,302,758,000 (6.03%) | $1,228,662,000 (19.95%) | $1,024,274,000 (16.13%) | $881,994,000 (3.90%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $113,425,000 (-0.85%) | $114,400,000 (27.57%) | $89,677,000 (93.02%) | $46,459,000 (130.34%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $582,542,000 (-2.58%) | $597,973,000 (3.25%) | $579,150,000 (30.71%) | $443,079,000 (33.80%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $582,542,000 (-2.58%) | $597,973,000 (3.25%) | $579,150,000 (30.71%) | $443,079,000 (33.80%) |
Preferred Dividends Income Statement Impact | $6,675,000 (0.00%) | $6,675,000 (0.00%) | $6,675,000 (-6.73%) | $7,157,000 (-4.95%) |
Net Income Common Stock | $575,867,000 (-2.61%) | $591,298,000 (3.29%) | $572,475,000 (31.33%) | $435,922,000 (34.70%) |
Weighted Average Shares | $64,131,862 (0.13%) | $64,047,190 (-0.39%) | $64,298,720 (0.92%) | $63,715,008 (1.37%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $695,967,000 (-2.30%) | $712,373,000 (6.51%) | $668,827,000 (36.62%) | $489,538,000 (39.34%) |
Gross Profit | $1,998,725,000 (2.97%) | $1,941,035,000 (14.64%) | $1,693,101,000 (23.45%) | $1,371,532,000 (14.27%) |
Operating Income | $695,967,000 (-2.30%) | $712,373,000 (6.51%) | $668,827,000 (36.62%) | $489,538,000 (39.34%) |
CFR Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$180,879,000 (80.81%) | -$942,751,000 (88.61%) | -$8,277,330,000 (-227.81%) | -$2,525,015,000 (-54.81%) |
Net Cash Flow from Financing | $738,329,000 (125.66%) | -$2,876,950,000 (-195.90%) | $2,999,880,000 (-63.29%) | $8,170,869,000 (7.41%) |
Net Cash Flow from Operations | $989,532,000 (106.65%) | $478,845,000 (-33.73%) | $722,582,000 (11.46%) | $648,293,000 (23.66%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $1,546,982,000 (146.30%) | -$3,340,856,000 (26.65%) | -$4,554,868,000 (-172.37%) | $6,294,147,000 (-3.18%) |
Net Cash Flow - Business Acquisitions and Disposals | -$703,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$56,855,000 (92.78%) | -$787,923,000 (90.37%) | -$8,179,524,000 (-231.25%) | -$2,469,325,000 (-60.08%) |
Capital Expenditure | -$127,751,000 (18.81%) | -$157,348,000 (-53.60%) | -$102,438,000 (-74.20%) | -$58,806,000 (34.25%) |
Issuance (Repayment) of Debt Securities | $223,528,000 (139.15%) | -$570,903,000 (-129.34%) | $1,945,567,000 (205.75%) | $636,324,000 (50.91%) |
Issuance (Purchase) of Equity Shares | -$38,258,000 (-14.47%) | -$33,421,000 (-372.42%) | $12,268,000 (-75.73%) | $50,553,000 (1666.08%) |
Payment of Dividends & Other Cash Distributions | -$242,446,000 (-4.36%) | -$232,323,000 (-10.75%) | -$209,780,000 (-11.12%) | -$188,786,000 (-4.54%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $19,763,000 (-19.63%) | $24,590,000 (34.21%) | $18,322,000 (43.67%) | $12,753,000 (-8.37%) |
Depreciation Amortization & Accretion | $82,817,000 (8.34%) | $76,442,000 (7.15%) | $71,344,000 (2.97%) | $69,289,000 (7.64%) |
CFR Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) | 100.00% (0.00%) |
Profit Margin | 28.80% (-5.57%) | 30.50% (-9.76%) | 33.80% (6.29%) | 31.80% (17.78%) |
EBITDA Margin | 39.00% (-3.94%) | 40.60% (-7.09%) | 43.70% (7.37%) | 40.70% (17.63%) |
Return on Average Equity (ROAE) | 15.00% (-13.79%) | 17.40% (-0.57%) | 17.50% (75.00%) | 10.00% (25.00%) |
Return on Average Assets (ROAA) | 1.10% (-8.33%) | 1.20% (9.09%) | 1.10% (22.22%) | 0.90% (12.50%) |
Return on Sales (ROS) | 34.80% (-5.18%) | 36.70% (-7.09%) | 39.50% (10.64%) | 35.70% (21.84%) |
Return on Invested Capital (ROIC) | 1.50% (-6.25%) | 1.60% (0.00%) | 1.60% (14.29%) | 1.40% (27.27%) |
Dividend Yield | 2.80% (-15.15%) | 3.30% (37.50%) | 2.40% (4.35%) | 2.30% (-30.30%) |
Price to Earnings Ratio (P/E) | 15.12 (26.95%) | 11.91 (-21.26%) | 15.12 (-18.54%) | 18.57 (8.77%) |
Price to Sales Ratio (P/S) | 4.31 (20.34%) | 3.58 (-29.50%) | 5.08 (-13.30%) | 5.86 (28.22%) |
Price to Book Ratio (P/B) | 2.21 (18.07%) | 1.87 (-31.75%) | 2.74 (51.46%) | 1.81 (41.66%) |
Debt to Equity Ratio (D/E) | 12.47 (-1.65%) | 12.68 (-20.04%) | 15.86 (51.63%) | 10.46 (17.87%) |
Earnings Per Share (EPS) | 8.88 (-2.52%) | 9.11 (3.05%) | 8.84 (30.19%) | 6.79 (32.88%) |
Sales Per Share (SPS) | 31.17 (2.84%) | 30.31 (15.09%) | 26.33 (22.33%) | 21.53 (12.73%) |
Free Cash Flow Per Share (FCFPS) | 13.44 (167.69%) | 5.02 (-47.95%) | 9.64 (4.25%) | 9.25 (33.74%) |
Book Value Per Share (BVPS) | 60.79 (4.76%) | 58.03 (18.93%) | 48.79 (-29.98%) | 69.68 (2.02%) |
Tangible Assets Book Value Per Share (TABVPS) | 818.94 (3.16%) | 793.87 (-3.49%) | 822.6 (4.36%) | 788.24 (18.71%) |
Enterprise Value Over EBIT (EV/EBIT) | 5 (0.00%) | 5 (225.00%) | -4 (66.67%) | -12 (0%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 4.71 (12.62%) | 4.18 (214.53%) | -3.65 (64.54%) | -10.3 (-2931.04%) |
Asset Turnover | 0.04 (2.56%) | 0.04 (21.87%) | 0.03 (10.34%) | 0.03 (-6.45%) |
Current Ratio | - | - | - | - |
Dividends | $3.74 (4.47%) | $3.58 (10.49%) | $3.24 (10.20%) | $2.94 (3.16%) |
Free Cash Flow (FCF) | $861,781,000 (168.05%) | $321,497,000 (-48.16%) | $620,144,000 (5.20%) | $589,487,000 (35.57%) |
Enterprise Value (EV) | $3,670,519,474 (11.19%) | $3,301,155,643 (222.05%) | -$2,704,670,136 (53.03%) | -$5,758,651,941 (-3910.75%) |
Earnings Before Tax (EBT) | $695,967,000 (-2.30%) | $712,373,000 (6.51%) | $668,827,000 (36.62%) | $489,538,000 (39.34%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $778,784,000 (-1.27%) | $788,815,000 (6.57%) | $740,171,000 (32.45%) | $558,827,000 (34.43%) |
Invested Capital | $46,873,749,000 (0.76%) | $46,521,768,000 (1.58%) | $45,798,939,000 (25.04%) | $36,628,585,000 (8.37%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $52,520,259,000 (3.29%) | $50,845,038,000 (-3.87%) | $52,892,376,000 (5.32%) | $50,222,672,000 (20.34%) |
Market Capitalization | $8,609,702,474 (23.91%) | $6,948,479,643 (-19.17%) | $8,596,738,864 (7.02%) | $8,032,551,059 (46.50%) |
Average Equity | $3,834,444,750 (13.02%) | $3,392,685,250 (3.81%) | $3,268,241,750 (-25.10%) | $4,363,413,000 (7.65%) |
Average Assets | $50,469,117,250 (1.22%) | $49,858,729,500 (-4.54%) | $52,229,721,000 (10.26%) | $47,370,818,750 (21.45%) |
Invested Capital Average | $45,977,536,000 (1.01%) | $45,517,017,250 (10.70%) | $41,117,990,250 (19.94%) | $34,281,255,250 (3.45%) |
Shares | 64,131,862 (0.13%) | 64,047,190 (-0.39%) | 64,298,720 (0.92%) | 63,715,008 (1.37%) |
