CFR NYSE Regional Banks Financials FY2016–FY2025
Frost Bank had $2.2B of revenue in fiscal 2025, up 8.3% on the year before. Over five years, revenue changed +9.2% a year on average.
Hi! I read Frost Bank’s latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+8.3%
Yes. Sales grew 8.3% last year.
Does it make a profit?
29.0%
Yes. It keeps 29.0% of every sale as profit.
How lean are its costs?
63.5%
Average. Running costs take 63.5% of revenue.
How much does it earn on its capital?
15.3%
Good. It earns 15.3% a year on shareholders’ money.
How is the share priced?
14.8x
One share costs 14.8 times its yearly profit per share. Typical for its sector: 13.7x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Frost Bank did it, and the next one. Share prices often move a lot on those days.
Next results
October 29, 2026
Thursday · in 3 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Jul 30, 2026 | Q2 '26 | During market hours | 8-K ↗ |
| Apr 30, 2026 | Q1 '26 | Before the market opens | 8-K ↗ |
| Jan 29, 2026 | Q4 '25 | During market hours | 8-K ↗ |
| Oct 30, 2025 | Q3 '25 | During market hours | 8-K ↗ |
| Jul 31, 2025 | Q2 '25 | During market hours | 8-K ↗ |
| May 1, 2025 | Q1 '25 | During market hours | 8-K ↗ |
| Jan 30, 2025 | Q4 '24 | Before the market opens | 8-K ↗ |
| Oct 31, 2024 | Q3 '24 | During market hours | 8-K ↗ |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA · Frost Bank had $2.2B of revenue in fiscal 2025, up 8.3% on the year before. Over five years, revenue changed +9.2% a year on average.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Net interest income share and efficiency ratio
Net interest income share and efficiency ratio
KIRA · Frost Bank made $649M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 8.7% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA · Frost Bank returned $413M to shareholders in fiscal 2025. The diluted share count fell 0.3%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA · In the last 12 months, insiders sold $0.4M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.4M
4 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 12, 2026 | Carol Jean SeverynGEVP and Chief Risk Officer | Sold | 837 | $148.29 | $0.1M | Form 4 |
| Jan 30, 2026 | Bobby BermanGEVP Research & Strategy | Sold | 1,000 | $137.07 | $0.1M | Form 4 |
| Dec 12, 2025 | Ericka Lynn PullinGevp, Culture & People Dev. | Sold | 0 | $129.73 | $0.0M | Form 4 |
| Dec 9, 2025 | Coolidge E Rhodes JRGroup EVP General Counsel/Sec | Sold | 700 | $127.00 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
Loans, deposits and capital at each fiscal year end.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Loans and deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $16.1B | $16.9B | $18.6B | $20.5B | $21.6B |
| Deposits | $42.7B | $44.0B | $41.9B | $42.7B | $42.9B |
| Loans / deposits | 37.7% | 38.5% | 44.3% | 48.0% | 50.4% |
| Total assets | $50.9B | $52.9B | $50.8B | $52.5B | $53.0B |
| Shareholders' equity | $4.4B | $3.1B | $3.7B | $3.9B | $4.6B |
| Goodwill | $655M | $655M | — | $0.0M | $0.0M |
| Intangible assets | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Provision / loans | 0.0% | 0.0% | 0.3% | 0.3% | 0.2% |
KIRA · It earned 15.3% on shareholders’ money. Running costs took 63.5% of revenue (the efficiency ratio; lower is better).
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
In plain words: Return on equity is the profit made on shareholders’ money each year. The efficiency ratio is how much of each dollar of revenue goes on running costs, so lower is better.
Return on equity, return on tangible equity and efficiency ratio
What does the share cost, and how does it compare?
KIRA · At $157.05 a share, the company is worth $10.1B: 14.8 times its earnings of the last four quarters.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
—
Reference multiples: today 14.8x · peers 12.1x · sector 13.7x.
KIRA · Frost Bank grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 2 of 2.
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Frost Bank CFR | $10.1B | 8.3% | — | — | — | 14.8x | — | |
| Columbia Banking System COLB | $7.4B | 19.3% | — | — | — | 12.1x | — | Compare → |
| Flagstar Bank FLG | $4.3B | −19.2% | — | — | — | — | — | Compare → |
| Pinnacle Financial Partners PNFP | $7.8B | 18.3% | — | — | — | — | — | Compare → |
| Valley Bank VLY | $7.9B | 9.3% | — | — | — | 11.9x | — | Compare → |
Every number, year by year.
Amounts in USD. Hover a ratio’s name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.1B | $1.2B | $1.3B | $1.4B | $1.4B | $1.4B | $1.7B | $2.0B | $2.1B | $2.2B |
| Net interest income | $776M | $866M | $958M | $1.0B | $976M | $985M | $1.3B | $1.6B | $1.6B | $1.7B |
| Noninterest income | $350M | $337M | $351M | $364M | $466M | $387M | $405M | $429M | $459M | $499M |
| Noninterest expense | $733M | $759M | $779M | $835M | $849M | $882M | $1.0B | $1.2B | $1.3B | $1.4B |
| Provision for credit losses | — | — | $21.7M | $33.8M | $241M | $0.1M | $3.0M | $46.2M | $65.0M | $44.2M |
| Pretax income | $341M | $408M | $509M | $500M | $351M | $490M | $669M | $712M | $696M | $772M |
| Income tax | $37.1M | $44.2M | $53.8M | $55.9M | $20.2M | $46.5M | $89.7M | $114M | $113M | $123M |
| Net income | $304M | $364M | $455M | $444M | $331M | $443M | $579M | $598M | $583M | $649M |
| Net income to common | $296M | $356M | $447M | $436M | $324M | $436M | $573M | $591M | $576M | $642M |
| Diluted EPS | $4.70 | $5.51 | $6.90 | $6.84 | $5.10 | $6.76 | $8.81 | $9.10 | $8.87 | $9.92 |
| Diluted shares | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B |
| Cash flow | ||||||||||
| Stock-based compensation | $11.8M | $13.0M | $13.9M | $15.9M | $13.9M | $12.8M | $18.3M | $24.6M | $19.8M | $24.8M |
| Share buybacks | $1.3M | $102M | $101M | $68.8M | $15.8M | $3.9M | $4.4M | $42.7M | $60.9M | $158M |
| Dividends paid | $135M | $144M | $165M | $177M | $181M | $189M | $210M | $232M | $242M | $255M |
| Dividends and buybacks | $136M | $246M | $266M | $246M | $196M | $193M | $214M | $275M | $303M | $413M |
| Balance sheet | ||||||||||
| Loans, net | $11.8B | $13.0B | $14.0B | $14.6B | $17.2B | $16.1B | $16.9B | $18.6B | $20.5B | $21.6B |
| Deposits | $25.8B | $26.9B | $27.1B | $27.6B | $35.0B | $42.7B | $44.0B | $41.9B | $42.7B | $42.9B |
| Goodwill | $655M | $655M | $655M | $655M | $655M | $655M | $655M | — | $0.0M | $0.0M |
| Intangible assets | $6.8M | $5.1M | $3.6M | $2.5M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Total assets | $30.2B | $31.7B | $32.3B | $34.0B | $42.4B | $50.9B | $52.9B | $50.8B | $52.5B | $53.0B |
| Preferred stock | $145M | $145M | $145M | $145M | $146M | $146M | $146M | $146M | $146M | $146M |
| Shareholders' equity | $3.0B | $3.3B | $3.4B | $3.9B | $4.3B | $4.4B | $3.1B | $3.7B | $3.9B | $4.6B |
| Margins | ||||||||||
| Net margin | 27.0% | 30.3% | 34.8% | 32.4% | 23.0% | 32.3% | 34.2% | 30.1% | 28.2% | 29.0% |
| Net interest share of revenue | 68.9% | 72.0% | 73.2% | 73.4% | 67.7% | 71.8% | 76.1% | 78.4% | 77.8% | 77.7% |
| Efficiency ratio | 65.1% | 63.1% | 59.5% | 61.0% | 58.9% | 64.3% | 60.4% | 61.8% | 63.1% | 63.5% |
| Returns | ||||||||||
| Return on equity | 10.3% | 11.6% | 13.7% | 12.2% | 8.1% | 10.2% | 15.3% | 17.5% | 15.3% | 15.3% |
| Return on assets | 1.0% | 1.2% | 1.4% | 1.3% | 0.9% | 1.0% | 1.1% | 1.2% | 1.1% | 1.2% |
| Return on tangible equity | 13.9% | 15.2% | 17.7% | 15.4% | 9.8% | 12.2% | 19.2% | — | — | 15.7% |
| Growth | ||||||||||
| Revenue growth | 5.7% | 6.8% | 8.8% | 4.5% | 5.4% | −4.9% | 23.7% | 17.2% | 3.9% | 8.3% |
| Net income growth | 8.9% | 19.7% | 24.9% | −2.5% | −25.4% | 33.8% | 30.7% | 3.3% | −2.6% | 11.3% |
| EPS growth | 9.8% | 17.2% | 25.2% | −0.9% | −25.4% | 32.6% | 30.3% | 3.3% | −2.5% | 11.8% |
| Share count change | −0.8% | 2.7% | 0.0% | −1.9% | −0.7% | 1.7% | 0.7% | −0.2% | −0.2% | −0.3% |
| Financial health | ||||||||||
| Loans / deposits | 45.8% | 48.3% | 51.5% | 52.9% | 49.2% | 37.7% | 38.5% | 44.3% | 48.0% | 50.4% |
| Provision / loans | — | — | 0.2% | 0.2% | 1.5% | 0.0% | 0.0% | 0.3% | 0.3% | 0.2% |
| Capital allocation | ||||||||||
| Stock comp / revenue | 1.1% | 1.1% | 1.1% | 1.2% | 1.0% | 0.9% | 1.1% | 1.2% | 1.0% | 1.1% |
Source: SEC EDGAR XBRL filings (CIK 0000039263). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.
