Cullen/Frost Bankers Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 29, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	7,417	6,896	8,316	6,286	8,044	7,063
Market Cap Growth	-15.34%	-17.08%	32.29%	-21.85%	13.89%	57.58%
Last Close Price	114.00	109.00	125.13	92.90	113.37	99.13
PE Ratio	13.57	12.61	15.12	11.88	15.16	18.59
PS Ratio	3.97	3.70	4.31	3.58	5.08	5.86
PB Ratio	1.95	1.82	2.21	1.87	2.74	1.81
P/FCF Ratio	-	-	9.99	21.70	13.86	13.79
P/OCF Ratio	-	-	8.70	14.51	11.90	12.39
Debt / Equity Ratio	1.17	1.17	1.29	1.30	1.74	0.78
Debt / FCF Ratio	-	-	5.83	15.12	8.80	5.91
Return on Equity (ROE)	15.52%	15.52%	15.30%	17.45%	15.29%	10.15%
Return on Assets (ROA)	-	-	1.13%	1.15%	1.12%	0.95%
Earnings Yield	7.37%	8.01%	6.77%	8.61%	6.74%	5.52%
FCF Yield	-	-	10.01%	4.61%	7.21%	7.25%
Dividend Yield	3.08%	3.09%	2.89%	3.49%	2.67%	2.61%
Payout Ratio	-	-	42.76%	39.97%	37.38%	44.22%
Buyback Yield / Dilution	0.26%	0.26%	0.22%	0.18%	-0.65%	-1.74%
Total Shareholder Return	3.34%	3.34%	3.11%	3.67%	2.02%	0.86%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.