Capital Expenditures for Cullen/Frost Bankers (CFR)
According to Cullen/Frost Bankers's latest reported financial statements, the company's current capital expenditures (TTM) is $176.95M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$176.95M
YoY change
+14.8%
5Y CAGR
+9.0%
Peak year (2019)
$206.72M
Cumulative capital expenditures
$1.94B
CapEx history chart for Cullen/Frost Bankers (CFR) from 1989 to 2025
CapEx history table for Cullen/Frost Bankers (CFR) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $146.65M | +14.8% | ||
| 2024 | $127.78M | -19.5% | ||
| 2023 | $158.63M | +54.8% | ||
| 2022 | $102.50M | +55.7% | ||
| 2021 | $65.85M | -31.0% | ||
| 2020 | $95.42M | -53.8% | ||
| 2019 | $206.72M | +160.8% | ||
| 2018 | $79.27M | +132.5% | ||
| 2017 | $34.09M | -36.5% | ||
| 2016 | $53.65M | -63.5% | ||
| 2015 | $147.13M | +11.5% | ||
| 2014 | $131.97M | +233.3% | ||
| 2013 | $39.60M | +59.1% | ||
| 2012 | $24.89M | -6.8% | ||
| 2011 | $26.72M | +58.8% | ||
| 2010 | $16.83M | -78.5% | ||
| 2009 | $78.26M | +16.0% | ||
| 2008 | $67.47M | +220.3% | ||
| 2007 | $21.07M | -22.8% | ||
| 2006 | $27.29M | +50.8% | ||
| 2005 | $18.10M | +17.5% | ||
| 2004 | $15.40M | +23.1% | ||
| 2003 | $12.51M | -69.4% | ||
| 2002 | $40.95M | +134.3% | ||
| 2001 | $17.48M | -30.7% | ||
| 2000 | $25.21M | +24.2% | ||
| 1999 | $20.30M | +8.0% | ||
| 1998 | $18.80M | +3.9% | ||
| 1997 | $18.10M | -15.4% | ||
| 1996 | $21.40M | +234.4% | ||
| 1995 | $6.40M | -61.0% | ||
| 1994 | $16.40M | +23.3% | ||
| 1993 | $13.30M | +13.7% | ||
| 1992 | $11.70M | +12.5% | ||
| 1991 | $10.40M | +76.3% | ||
| 1990 | $5.90M | -65.1% | ||
| 1989 | $16.90M | — |
CapEx values are taken from Cullen/Frost Bankers's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Cullen/Frost Bankers (CFR) reported capital expenditures of $146.65M – grew 14.8% year-over-year.
Through 2020–2025 (5 years), Cullen/Frost Bankers capital expenditures delivered a +9.0% annualised rate; with the latest reading among the more recent periods of the dataset.
Cullen/Frost Bankers capital expenditures declined from $206.72M in 2019 to $146.65M in 2025, a 29.1% drawdown.
2019 marks the peak capital expenditures at $206.72M, with the historical low of $5.90M recorded in 1990.
Within Financial Services, Cullen/Frost Bankers (CFR) ranks 6th among 8 peers we track. The peer median for capital expenditures is $985.50M.
Cullen/Frost Bankers Capital Expenditures by Year
Cullen/Frost Bankers Capital Expenditures 2025: $146.65M
Cullen/Frost Bankers capital expenditures in 2025 was $146.65M, grew 14.8% from 2024.
Cullen/Frost Bankers Capital Expenditures 2024: $127.78M
Cullen/Frost Bankers capital expenditures in 2024 was $127.78M, declined 19.5% below 2023.
Cullen/Frost Bankers Capital Expenditures 2023: $158.63M
Cullen/Frost Bankers capital expenditures in 2023 was $158.63M, surged 54.8% from 2022.
Cullen/Frost Bankers Capital Expenditures 2022: $102.50M
Cullen/Frost Bankers capital expenditures in 2022 was $102.50M, surged 55.7% from 2021.
Cullen/Frost Bankers Capital Expenditures 2021: $65.85M
Cullen/Frost Bankers capital expenditures in 2021 was $65.85M.
See more financial history for Cullen/Frost Bankers (CFR).
Sector peers — CapEx
Companies in the same sector as Cullen/Frost Bankers, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Cullen/Frost Bankers's capital expenditures?
- Latest reported capital expenditures for Cullen/Frost Bankers (CFR) is $176.95M (period ending December 31, 2025).
How has Cullen/Frost Bankers capital expenditures changed year-over-year?
- Cullen/Frost Bankers (CFR) capital expenditures changed +14.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Cullen/Frost Bankers capital expenditures?
- Cullen/Frost Bankers (CFR) capital expenditures compound annual growth rate is +9.0% over the most recent 5 years available.
When did Cullen/Frost Bankers capital expenditures hit its highest annual value?
- Cullen/Frost Bankers capital expenditures reached its highest annual value of $206.72M in 2019.
What was Cullen/Frost Bankers capital expenditures in 2024?
- Cullen/Frost Bankers (CFR) capital expenditures in 2024 was $127.78M.
What was Cullen/Frost Bankers capital expenditures in 2025?
- Cullen/Frost Bankers (CFR) capital expenditures in 2025 was $146.65M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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