CFR tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Cullen/Frost Bankers, Inc. Common Stock Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	71.3934
Dec 31, 2024	60.7389
Dec 31, 2023	57.885
Dec 31, 2022	38.6846
Dec 31, 2021	59.4806
Dec 31, 2020	57.9735
Dec 31, 2019	51.8669
Dec 31, 2018	42.5448
Dec 31, 2017	41.4142
Dec 31, 2016	37.5273
Dec 31, 2015	35.4835
Dec 31, 2014	35.1948
Dec 31, 2013	32.6623
Dec 31, 2012	30.5691
Dec 31, 2011	28.557
Dec 31, 2010	25.1554
Dec 31, 2009	22.6601
Dec 31, 2008	20.6083
Dec 31, 2007	15.5955
Dec 31, 2006	14.6798
Dec 31, 2005	15.2023
Dec 31, 2004	13.6857
Dec 31, 2003	12.7512
Dec 31, 2002	11.4439
Dec 31, 2001	9.1342
Dec 31, 2000	11.0058
Dec 31, 1999	9.5496
Dec 31, 1998	9.6339
Dec 31, 1997	8.7506
Dec 31, 1996	7.1684
Dec 31, 1995	7.5234
Dec 31, 1994	6.5754
Dec 31, 1993	6.1871
Dec 31, 1992	4.8745
Dec 31, 1991	4.6368
Dec 31, 1990	4.6522
Dec 31, 1989	4.6486
Dec 31, 1988	0
Dec 31, 1987	0
Dec 31, 1986	0
Dec 31, 1985	0