Shares Outstanding for Cullen/Frost Bankers (CFR)
According to Cullen/Frost Bankers's latest reported financial statements, the company's latest reported diluted shares outstanding is 63.60M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
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Latest period
63.60M
YoY change
-0.3%
5Y CAGR
+0.3%
Peak year (2018)
64.69M
Latest annual
64.10M
Shares Outstanding history chart for Cullen/Frost Bankers (CFR) from 1985 to 2025
Shares Outstanding history table for Cullen/Frost Bankers (CFR) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 64.10M | -0.3% | ||
| 2024 | 64.28M | -0.2% | ||
| 2023 | 64.41M | -0.2% | ||
| 2022 | 64.52M | +0.7% | ||
| 2021 | 64.10M | +1.7% | ||
| 2020 | 63.00M | -0.7% | ||
| 2019 | 63.44M | -1.9% | ||
| 2018 | 64.69M | +0.0% | ||
| 2017 | 64.66M | +2.7% | ||
| 2016 | 62.97M | -0.8% | ||
| 2015 | 63.47M | +0.8% | ||
| 2014 | 62.97M | +3.0% | ||
| 2013 | 61.12M | -0.9% | ||
| 2012 | 61.64M | +0.6% | ||
| 2011 | 61.28M | +1.1% | ||
| 2010 | 60.59M | +1.8% | ||
| 2009 | 59.51M | +0.6% | ||
| 2008 | 59.17M | -1.0% | ||
| 2007 | 59.74M | +5.5% | ||
| 2006 | 56.61M | +5.1% | ||
| 2005 | 53.88M | +1.4% | ||
| 2004 | 53.13M | +1.0% | ||
| 2003 | 52.62M | -0.0% | ||
| 2002 | 52.63M | -1.5% | ||
| 2001 | 53.43M | -0.3% | ||
| 2000 | 53.60M | -2.2% | ||
| 1999 | 54.83M | +0.1% | ||
| 1998 | 54.78M | +0.6% | ||
| 1997 | 54.48M | +0.5% | ||
| 1996 | 54.22M | +18.9% | ||
| 1995 | 45.62M | +1.5% | ||
| 1994 | 44.92M | +1.6% | ||
| 1993 | 44.20M | +4.6% | ||
| 1992 | 42.28M | +11.3% | ||
| 1991 | 38.00M | +2.0% | ||
| 1990 | 37.27M | -3.4% | ||
| 1989 | 38.57M | +12.5% | ||
| 1988 | 34.29M | +2.9% | ||
| 1987 | 33.33M | +6.1% | ||
| 1986 | 31.43M | +0.7% | ||
| 1985 | 31.21M | — |
Shares Outstanding values are taken from Cullen/Frost Bankers's reported income 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
The 2025 reading of Cullen/Frost Bankers (CFR) diluted shares outstanding is 64.10M – edged down 0.3% year-over-year.
Through 2020–2025 (5 years), Cullen/Frost Bankers diluted shares outstanding delivered a +0.3% annualised rate; with the latest reading among the more recent periods of the dataset.
The dataset's maximum diluted shares outstanding sits at 64.69M (2018); the minimum reading of 31.21M dates to 1985.
Cullen/Frost Bankers (CFR) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of 2.06B.
Cullen/Frost Bankers Shares Outstanding by Year
Cullen/Frost Bankers Shares Outstanding 2025: 64.10M
Cullen/Frost Bankers diluted shares outstanding in 2025 was 64.10M, edged down 0.3% below 2024.
Cullen/Frost Bankers Shares Outstanding 2024: 64.28M
Cullen/Frost Bankers diluted shares outstanding in 2024 was 64.28M, edged down 0.2% below 2023.
Cullen/Frost Bankers Shares Outstanding 2023: 64.41M
Cullen/Frost Bankers diluted shares outstanding in 2023 was 64.41M, edged down 0.2% below 2022.
Cullen/Frost Bankers Shares Outstanding 2022: 64.52M
Cullen/Frost Bankers diluted shares outstanding in 2022 was 64.52M, edged up 0.7% from 2021.
Cullen/Frost Bankers Shares Outstanding 2021: 64.10M
Cullen/Frost Bankers diluted shares outstanding in 2021 was 64.10M.
See more financial history for Cullen/Frost Bankers (CFR).
Sector peers — Shares Outstanding
Companies in the same sector as Cullen/Frost Bankers, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America Corporation (BAC) | 7.55B | Financial Services |
| Wells Fargo & Company (WFC) | 3.22B | Financial Services |
| JPMorgan Chase & Co. (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | 2.16B | Financial Services |
| Visa Inc. (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard Incorporated (MA) | 898.00M | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | 317.60M | Financial Services |
Frequently asked questions
What is Cullen/Frost Bankers's diluted shares outstanding?
- Latest reported diluted shares outstanding for Cullen/Frost Bankers (CFR) is 63.60M (period ending December 31, 2025).
How has Cullen/Frost Bankers diluted shares outstanding changed year-over-year?
- Cullen/Frost Bankers (CFR) diluted shares outstanding changed -0.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Cullen/Frost Bankers diluted shares outstanding?
- Cullen/Frost Bankers (CFR) diluted shares outstanding compound annual growth rate is +0.3% over the most recent 5 years available.
When did Cullen/Frost Bankers diluted shares outstanding hit its highest annual value?
- Cullen/Frost Bankers diluted shares outstanding reached its highest annual value of 64.69M in 2018.
What was Cullen/Frost Bankers diluted shares outstanding in 2024?
- Cullen/Frost Bankers (CFR) diluted shares outstanding in 2024 was 64.28M.
What was Cullen/Frost Bankers diluted shares outstanding in 2025?
- Cullen/Frost Bankers (CFR) diluted shares outstanding in 2025 was 64.10M.
Metrics overview
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