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Zions Bancorporation, National Association vs Cullen/Frost Bankers: ZION and CFR compared
Zions Bancorporation, National Association is the larger company: $881M of revenue in its latest quarter (Q3 2026) against $604M for Cullen/Frost Bankers (Q3 2026). Cullen/Frost Bankers is growing faster (+6% against +2% a year earlier). Zions Bancorporation, National Association is more profitable, with an operating margin of 38.1% against 35.5%.
Where the money goes: ZION and CFR
Zions Bancorporation, National Association (ZION) · Q3 2026
Zions Bancorporation, National Association, Q3 2026: revenue $881M (+2% year over year), operating margin 38.1%, net earnings $263M, operating cash flow $894M. The chart follows the revenue to costs, profit and cash.
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.
| Zions Bancorporation, National Association (ZION) | Cullen/Frost Bankers (CFR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $881M | $604M |
| Revenue growth, Y/Y | +2% | +6% |
| Operating margin | 38.1% | 35.5% |
| Net earnings | $263M | $180M |
| Net margin | 29.9% | 29.8% |
| Operating cash flow | $894M | $293M |
| Free cash flow | $860M | $249M |
| Market value | $9.7B | $9.6B |
| P/E | 8.3× | 14.4× |
| Analysts’ mean target | $72.64 | $173.57 |
Questions
Which is bigger, Zions Bancorporation, National Association or Cullen/Frost Bankers?
Zions Bancorporation, National Association is the larger company: $881M of revenue in its latest quarter (Q3 2026) against $604M for Cullen/Frost Bankers (Q3 2026).
Is Zions Bancorporation, National Association or Cullen/Frost Bankers growing faster?
Cullen/Frost Bankers is growing faster (+6% against +2% a year earlier).
Which is more profitable, Zions Bancorporation, National Association or Cullen/Frost Bankers?
Zions Bancorporation, National Association is more profitable, with an operating margin of 38.1% against 35.5%.
More: Zions Bancorporation, National Association earnings · how Zions Bancorporation, National Association makes money · Cullen/Frost Bankers earnings · how Cullen/Frost Bankers makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.