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Cullen/Frost Bankers vs BOK Financial: CFR and BOKF compared
Cullen/Frost Bankers is the larger company: $604M of revenue in its latest quarter (Q3 2026) against $561M for BOK Financial (Q3 2026). Cullen/Frost Bankers is growing faster (+6% against +2% a year earlier). BOK Financial is more profitable, with an operating margin of 35.8% against 35.5%.
Where the money goes: CFR and BOKF
Cullen/Frost Bankers (CFR) · Q3 2026
Cullen/Frost Bankers, Q3 2026: revenue $604M (+6% year over year), operating margin 35.5%, net earnings $180M, operating cash flow $293M. The chart follows the revenue to costs, profit and cash.
BOK Financial (BOKF) · Q3 2026
BOK Financial, Q3 2026: revenue $561M (+2% year over year), operating margin 35.8%, net earnings $160M, operating cash flow $280M. The chart follows the revenue to costs, profit and cash.
| Cullen/Frost Bankers (CFR) | BOK Financial (BOKF) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $604M | $561M |
| Revenue growth, Y/Y | +6% | +2% |
| Operating margin | 35.5% | 35.8% |
| Net earnings | $180M | $160M |
| Net margin | 29.8% | 28.5% |
| Operating cash flow | $293M | $280M |
| Free cash flow | $249M | $225M |
| Market value | $9.6B | $7.9B |
| P/E | 14.4× | 12.0× |
| Analysts’ mean target | $173.57 | $143.33 |
Where the revenue comes from
BOK Financial
- Net interest income: $370M (66%)
- Noninterest income: $191M (34%)
Questions
Which is bigger, Cullen/Frost Bankers or BOK Financial?
Cullen/Frost Bankers is the larger company: $604M of revenue in its latest quarter (Q3 2026) against $561M for BOK Financial (Q3 2026).
Is Cullen/Frost Bankers or BOK Financial growing faster?
Cullen/Frost Bankers is growing faster (+6% against +2% a year earlier).
Which is more profitable, Cullen/Frost Bankers or BOK Financial?
BOK Financial is more profitable, with an operating margin of 35.8% against 35.5%.
More: Cullen/Frost Bankers earnings · how Cullen/Frost Bankers makes money · BOK Financial earnings · how BOK Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.