Buyback yield (TTM)
2.61%
Shareholder yield (TTM)
5.57%
5Y share count change
1.7%
Buyback spend (TTM)
$228M
Cumulative buybacks
$983M
Key takeaways
- Cullen/Frost Bankers (CFR) repurchased about $228M 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: $158M
Overview
The 2025 reading of Cullen/Frost Bankers (CFR) buyback spend is $158M – 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 $166M to $158M.
2020 marks the peak buyback spend at $166M, with the historical low of $0.00 recorded in 1989.
Cullen/Frost Bankers Buyback Spend 2025: $158M
In 2025, Cullen/Frost Bankers reported buyback spend of $158M, surged 159.2% from 2024.
Cullen/Frost Bankers Buyback Spend 2024: $60.9M
Cullen/Frost Bankers buyback spend in 2024 was $60.9M, surged 42.6% from 2023.
Cullen/Frost Bankers Buyback Spend 2023: $42.7M
2023's buyback spend for Cullen/Frost Bankers came in at $42.7M, 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 | $158M | $24.8M | $133M | 1.96% | 64.1M | -0.3% | |
| 2024 | $60.9M | $19.8M | $41.1M | 0.71% | 64.3M | -0.2% | |
| 2023 | $42.7M | $24.6M | $18.1M | 0.61% | 64.4M | -0.2% | |
| 2022 | $4.39M | $18.3M | -$13.9M | 0.05% | 64.5M | +0.7% | |
| 2021 | $3.86M | $12.8M | -$8.89M | 0.05% | 64.1M | +1.7% | |
| 2020 | $166M | $13.9M | $152M | 3.02% | 63M | -0.7% | |
| 2019 | $68.8M | $15.9M | $52.8M | 1.12% | 63.4M | -1.9% | |
| 2018 | $101M | $13.9M | $87.1M | 1.81% | 64.7M | +0.0% | |
| 2017 | $101M | $13M | $88.5M | 1.69% | 64.7M | +2.7% | |
| 2016 | $1.29M | $11.8M | -$10.5M | 0.02% | 63M | -0.8% | |
| 2015 | $101M | $12.7M | $88.5M | 2.71% | 63.5M | +0.8% | |
| 2014 | $1.46M | $12.5M | -$11M | 0.03% | 63M | +3.0% | |
| 2013 | $145M | $12M | $133M | 3.21% | 61.1M | -0.9% | |
| 2012 | $436K | $12.8M | -$12.4M | 0.01% | 61.6M | +0.6% | |
| 2011 | $2.03M | $16M | -$13.9M | 0.06% | 61.3M | +1.1% | |
| 2010 | $986K | $14.9M | -$13.9M | 0.03% | 60.6M | +1.8% | |
| 2009 | $800K | $12.6M | -$11.8M | 0.03% | 59.5M | +0.6% | |
| 2008 | $23.1M | $10.2M | $12.9M | 0.77% | 59.2M | -1.0% | |
| 2007 | $0.00 | $0.00 | $0.00 | — | 59.7M | +5.5% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 56.6M | +5.1% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 53.9M | +1.4% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 53.1M | +1.0% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 52.6M | -0.0% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 52.6M | -1.5% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 53.4M | -0.3% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 53.6M | -2.2% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 54.8M | +0.1% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 54.8M | +0.6% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 54.5M | +0.5% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 54.2M | — | |
| 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$158M
- 2024$60.9M
- 2023$42.7M
- 2022$4.39M
- 2021$3.86M
- 2020$166M
- 2019$68.8M
- 2018$101M
- 2017$101M
- 2016$1.29M
- 2015$101M
- 2014$1.46M
- 2013$145M
- 2012$436K
- 2011$2.03M
- 2010$986K
- 2009$800K
- 2008$23.1M
- 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.
| $34.6B | |
| $24.1B | |
| $19.5B | |
| $13.4B | |
| $12.4B | |
| $11.7B | |
| $5.84B | |
| $0.00 |
- $34.6B
- $24.1B
- $19.5B
- $13.4B
- $12.4B
- $11.7B
- $5.84B
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 $510M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks2.61% TTM
- Dividend Profile2.41% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History6 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.