Buyback yield (TTM)
2.61%
Shareholder yield (TTM)
5.57%
5Y share count change
1.7%
Buyback spend (TTM)
$227.53M
Cumulative buybacks
$982.69M
Key takeaways
- Cullen/Frost Bankers (CFR) repurchased about $227.53M of stock over the trailing twelve months.
- Diluted share count is up 1.7% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- TTM buyback ÷ stock-based-comp ratio of 8.80× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -1.0% per year over the latest 5-year window.
- TTM repurchases used about 45% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Cullen/Frost Bankers (CFR)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Cullen/Frost Bankers (CFR)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Cullen/Frost Bankers (CFR)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Cullen/Frost Bankers (CFR)
Latest: $157.83M
Overview
The 2025 reading of Cullen/Frost Bankers (CFR) buyback spend is $157.83M – surged 159.2% year-over-year.
Cullen/Frost Bankers buyback spend compound annual growth for the 2020–2025 (5 years) window is -1.0%, sustaining 4 straight years of year-over-year growth.
Between 2020 and 2025, Cullen/Frost Bankers buyback spend edged down 4.8%, falling from $165.78M to $157.83M.
2020 marks the peak buyback spend at $165.78M, with the historical low of $0.00 recorded in 1989.
Cullen/Frost Bankers Buyback Spend 2025: $157.83M
In 2025, Cullen/Frost Bankers reported buyback spend of $157.83M, surged 159.2% from 2024.
Cullen/Frost Bankers Buyback Spend 2024: $60.90M
Cullen/Frost Bankers buyback spend in 2024 was $60.90M, surged 42.6% from 2023.
Cullen/Frost Bankers Buyback Spend 2023: $42.72M
2023's buyback spend for Cullen/Frost Bankers came in at $42.72M, surged 872.9% from 2022.
Cullen/Frost Bankers Buyback Spend 2022: $4.39M
Cullen/Frost Bankers posted buyback spend of $4.39M in 2022, grew 13.6% from 2021.
Cullen/Frost Bankers Buyback Spend 2021: $3.86M
Cullen/Frost Bankers buyback spend in 2021 was $3.86M.
See more financial history for Cullen/Frost Bankers (CFR).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $157.83M | $24.75M | $133.08M | 1.96% | 0.06B | -0.3% | |
| 2024 | $60.90M | $19.76M | $41.14M | 0.71% | 0.06B | -0.2% | |
| 2023 | $42.72M | $24.59M | $18.13M | 0.61% | 0.06B | -0.2% | |
| 2022 | $4.39M | $18.32M | −$13.93M | 0.05% | 0.06B | +0.7% | |
| 2021 | $3.86M | $12.75M | −$8.89M | 0.05% | 0.06B | +1.7% | |
| 2020 | $165.78M | $13.92M | $151.87M | 3.02% | 0.06B | -0.7% | |
| 2019 | $68.79M | $15.95M | $52.85M | 1.12% | 0.06B | -1.9% | |
| 2018 | $101.01M | $13.94M | $87.07M | 1.81% | 0.06B | +0.0% | |
| 2017 | $101.47M | $13.01M | $88.46M | 1.69% | 0.06B | +2.7% | |
| 2016 | $1.29M | $11.80M | −$10.51M | 0.02% | 0.06B | -0.8% | |
| 2015 | $101.24M | $12.74M | $88.50M | 2.71% | 0.06B | +0.8% | |
| 2014 | $1.46M | $12.50M | −$11.05M | 0.03% | 0.06B | +3.0% | |
| 2013 | $144.63M | $11.96M | $132.67M | 3.21% | 0.06B | -0.9% | |
| 2012 | $436.00K | $12.84M | −$12.40M | 0.01% | 0.06B | +0.6% | |
| 2011 | $2.03M | $15.96M | −$13.93M | 0.06% | 0.06B | +1.1% | |
| 2010 | $986.00K | $14.93M | −$13.94M | 0.03% | 0.06B | +1.8% | |
| 2009 | $800.00K | $12.64M | −$11.85M | 0.03% | 0.06B | +0.6% | |
| 2008 | $23.05M | $10.17M | $12.89M | 0.77% | 0.06B | -1.0% | |
| 2007 | $0.00 | $0.00 | $0.00 | — | 0.06B | +5.5% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.06B | +5.1% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 0.05B | +1.4% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.05B | +1.0% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.05B | -0.0% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.05B | -1.5% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.05B | -0.3% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.05B | -2.2% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.05B | +0.1% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.05B | +0.6% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.05B | +0.5% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.05B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$157.83M
- 2024$60.90M
- 2023$42.72M
- 2022$4.39M
- 2021$3.86M
- 2020$165.78M
- 2019$68.79M
- 2018$101.01M
- 2017$101.47M
- 2016$1.29M
- 2015$101.24M
- 2014$1.46M
- 2013$144.63M
- 2012$436.00K
- 2011$2.03M
- 2010$986.00K
- 2009$800.00K
- 2008$23.05M
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$0.00
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$0.00
- 1989$0.00
Buybacks vs stock-based compensation for Cullen/Frost Bankers (CFR)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 8.80×.
Buybacks vs dividends (share of cash returned) for Cullen/Frost Bankers (CFR)
How Cullen/Frost Bankers splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Cullen/Frost Bankers, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $509.54M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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