Filing Flows › Cullen/Frost Bankers (CFR) › Q3 2026 › vs Q3 2025
Cullen/Frost Bankers (CFR) Q3 2026 vs Q3 2025 (year over year)
Cullen/Frost Bankers's revenue rose $36.6M (+6%) from $567M in Q3 2025 to $604M in Q3 2026. Operating margin 35.5% against 36.7% (-1.1 pts).
Cullen/Frost Bankers, Q3 2026: revenue $604M (+6% year over year), operating margin 35.5%, net earnings $180M, operating cash flow $293M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 35.5% | 36.7% | -1.1 pts |
| Net margin | 29.8% | 30.7% | -0.9 pts |
| Free cash flow margin | 41.2% | 37.3% | +3.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $604M | $567M | $36.6M | +6% |
| Operating profit | $215M | $208M | $6.5M | +3% |
| Costs & expenses | $389M | $359M | $30.0M | +8% |
| Pre-tax earnings | $215M | $208M | $6.5M | +3% |
| Net earnings | $180M | $174M | $5.8M | +3% |
| Income tax | $34.3M | $33.6M | $702K | +2% |
| Depreciation & amortization | $22.8M | $22.2M | $592K | +3% |
| Share-based compensation | $5.6M | $4.3M | $1.4M | +32% |
| Working capital & other | $84.0M | $47.7M | $36.3M | +76% |
| Operating cash flow | $293M | $249M | $44.1M | +18% |
| Free cash flow (OCF − capex) | $249M | $212M | $37.0M | +17% |
| Capital expenditures | $44.0M | $36.9M | $7.1M | +19% |
Questions
How much did Cullen/Frost Bankers's revenue grow year over year in Q3 2026?
Cullen/Frost Bankers's revenue rose $36.6M (+6%) from $567M in Q3 2025 to $604M in Q3 2026. Operating margin 35.5% against 36.7% (-1.1 pts).