Cullen/Frost Bankers Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Market Capitalization	6,944	8,316	6,286	8,044	7,063	4,482	Upgrade
Market Cap Growth	-17.35%	32.29%	-21.85%	13.89%	57.58%	-17.78%	Upgrade
Last Close Price	108.00	125.13	92.90	113.37	99.13	60.85	Upgrade
PE Ratio	13.05	15.12	11.88	15.16	18.59	17.11	Upgrade
PS Ratio	3.80	4.31	3.58	5.08	5.86	4.57	Upgrade
PB Ratio	1.83	2.21	1.87	2.74	1.81	1.28	Upgrade
P/FCF Ratio	494.81	9.99	21.70	13.86	13.79	12.79	Upgrade
P/OCF Ratio	51.72	8.70	14.51	11.90	12.39	10.46	Upgrade
Debt / Equity Ratio	1.17	1.29	1.30	1.74	0.78	0.64	Upgrade
Debt / FCF Ratio	316.81	5.83	15.12	8.80	5.91	6.43	Upgrade
Return on Equity (ROE)	14.82%	15.30%	17.45%	15.29%	10.15%	8.07%	Upgrade
Return on Assets (ROA)	1.23%	1.13%	1.15%	1.12%	0.95%	0.87%	Upgrade
Earnings Yield	7.66%	6.77%	8.61%	6.74%	5.52%	6.04%	Upgrade
FCF Yield	0.20%	10.01%	4.61%	7.21%	7.25%	7.82%	Upgrade
Dividend Yield	3.25%	2.89%	3.49%	2.67%	2.61%	3.83%	Upgrade
Payout Ratio	40.72%	42.76%	39.97%	37.38%	44.22%	55.14%	Upgrade
Buyback Yield / Dilution	0.02%	0.22%	0.18%	-0.65%	-1.74%	0.69%	Upgrade
Total Shareholder Return	3.27%	3.11%	3.67%	2.02%	0.86%	4.52%	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.