Latest period
$175M
YoY change
+14.8%
5Y CAGR
+9.0%
Peak year (FY2019)
$207M
Cumulative CapEx
$1.98B
CapEx history chart for Cullen/Frost Bankers (CFR) from 2016 to 2025
Latest: $147M
CapEx growth chart for Cullen/Frost Bankers (CFR) from 2016 to 2025
Latest: +14.8%
CapEx history table for Cullen/Frost Bankers (CFR) from 1989 to 2025
| FY2025 | $147M | +14.8% | +$18.9M | ||
| FY2024 | $128M | -19.5% | -$30.9M | ||
| FY2023 | $159M | +54.8% | +$56.1M | ||
| FY2022 | $103M | +55.7% | +$36.7M | ||
| FY2021 | $65.9M | -31.0% | -$29.6M | ||
| FY2020 | $95.4M | -53.8% | -$111M | ||
| FY2019 | $207M | +160.8% | +$127M | ||
| FY2018 | $79.3M | +132.5% | +$45.2M | ||
| FY2017 | $34.1M | -36.5% | -$19.6M | ||
| FY2016 | $53.6M | -63.5% | -$93.5M | ||
| FY2015 | $147M | +11.5% | +$15.2M | ||
| FY2014 | $132M | +233.3% | +$92.4M | ||
| FY2013 | $39.6M | +59.1% | +$14.7M | ||
| FY2012 | $24.9M | -6.8% | -$1.83M | ||
| FY2011 | $26.7M | +58.8% | +$9.89M | ||
| FY2010 | $16.8M | -78.5% | -$61.4M | ||
| FY2009 | $78.3M | +16.0% | +$10.8M | ||
| FY2008 | $67.5M | +220.3% | +$46.4M | ||
| FY2007 | $21.1M | -22.8% | -$6.22M | ||
| FY2006 | $27.3M | +50.8% | +$9.19M | ||
| FY2005 | $18.1M | +17.5% | +$2.7M | ||
| FY2004 | $15.4M | +23.1% | +$2.89M | ||
| FY2003 | $12.5M | -69.4% | -$28.4M | ||
| FY2002 | $40.9M | +134.3% | +$23.5M | ||
| FY2001 | $17.5M | -30.7% | -$7.73M | ||
| FY2000 | $25.2M | +24.2% | +$4.91M | ||
| FY1999 | $20.3M | +8.0% | +$1.5M | ||
| FY1998 | $18.8M | +3.9% | +$700K | ||
| FY1997 | $18.1M | -15.4% | -$3.3M | ||
| FY1996 | $21.4M | +234.4% | +$15M | ||
| FY1995 | $6.4M | -61.0% | -$10M | ||
| FY1994 | $16.4M | +23.3% | +$3.1M | ||
| FY1993 | $13.3M | +13.7% | +$1.6M | ||
| FY1992 | $11.7M | +12.5% | +$1.3M | ||
| FY1991 | $10.4M | +76.3% | +$4.5M | ||
| FY1990 | $5.9M | -65.1% | -$11M | ||
| FY1989 | $16.9M | — | — |
- FY2025$147M+14.8%
- FY2024$128M-19.5%
- FY2023$159M+54.8%
- FY2022$103M+55.7%
- FY2021$65.9M-31.0%
- FY2020$95.4M-53.8%
- FY2019$207M+160.8%
- FY2018$79.3M+132.5%
- FY2017$34.1M-36.5%
- FY2016$53.6M-63.5%
- FY2015$147M+11.5%
- FY2014$132M+233.3%
- FY2013$39.6M+59.1%
- FY2012$24.9M-6.8%
- FY2011$26.7M+58.8%
- FY2010$16.8M-78.5%
- FY2009$78.3M+16.0%
- FY2008$67.5M+220.3%
- FY2007$21.1M-22.8%
- FY2006$27.3M+50.8%
- FY2005$18.1M+17.5%
- FY2004$15.4M+23.1%
- FY2003$12.5M-69.4%
- FY2002$40.9M+134.3%
- FY2001$17.5M-30.7%
- FY2000$25.2M+24.2%
- FY1999$20.3M+8.0%
- FY1998$18.8M+3.9%
- FY1997$18.1M-15.4%
- FY1996$21.4M+234.4%
- FY1995$6.4M-61.0%
- FY1994$16.4M+23.3%
- FY1993$13.3M+13.7%
- FY1992$11.7M+12.5%
- FY1991$10.4M+76.3%
- FY1990$5.9M-65.1%
- FY1989$16.9M—
CapEx values are taken from Cullen/Frost Bankers's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Cullen/Frost Bankers (CFR)
According to Cullen/Frost Bankers's latest reported financial statements, the company's current CapEx (TTM) is $175M. 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 .
As of the 2025 fiscal year, Cullen/Frost Bankers (CFR) reported CapEx of $147M – grew 14.8% year-over-year.
Through 2020–2025 (5 years), Cullen/Frost Bankers CapEx delivered a +9.0% annualised rate; with mixed annual results across the window.
Cullen/Frost Bankers CapEx declined from $207M in 2019 to $147M in 2025, a 29.1% drawdown.
2019 marks the peak CapEx at $207M, with the historical low of $5.9M recorded in 1990.
Cullen/Frost Bankers Capital Expenditures by Year
Cullen/Frost Bankers Capital Expenditures 2025: $147M
Cullen/Frost Bankers CapEx in 2025 was $147M, grew 14.8% from 2024.
Cullen/Frost Bankers Capital Expenditures 2024: $128M
2024's CapEx for Cullen/Frost Bankers came in at $128M, declined 19.5% below 2023.
Cullen/Frost Bankers Capital Expenditures 2023: $159M
Cullen/Frost Bankers posted CapEx of $159M in 2023, surged 54.8% from 2022.
Cullen/Frost Bankers Capital Expenditures 2022: $103M
In 2022, Cullen/Frost Bankers reported CapEx of $103M, surged 55.7% from 2021.
Cullen/Frost Bankers Capital Expenditures 2021: $65.9M
Cullen/Frost Bankers CapEx in 2021 was $65.9M.
See more financial history for Cullen/Frost Bankers (CFR).
Sector peers by CapEx
Financial Services peers of Cullen/Frost Bankers (CFR), ranked by their latest CapEx
| $20.9B | |
| $2.9B | |
| $2.06B | |
| $1.48B | |
| $489M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $2.9B
- $2.06B
- $1.48B
- $489M
- $0.00
- $0.00
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- Buybacks2.61% TTM
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- Stock Split History6 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.