CFR
Income statement / Annual
Last year (2023), Cullen/Frost Bankers, Inc.'s total revenue was $1.94 B,
an increase of 780.77% from the previous year.
In 2023, Cullen/Frost Bankers, Inc.'s net income was $597.97 M.
See Cullen/Frost Bankers, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.94 B
|
$220.38 M
|
$1.37 B
|
$1.44 B
|
$1.37 B
|
$1.31 B
|
$1.20 B
|
$1.13 B
|
$1.07 B
|
$1.01 B
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$1.94 B |
$220.38 M |
$1.37 B |
$1.44 B |
$1.37 B |
$1.31 B |
$1.20 B |
$1.13 B |
$1.07 B |
$1.01 B |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$739.61 M
|
$596.31 M
|
$489.76 M
|
$473.51 M
|
$471.39 M
|
$444.03 M
|
$431.77 M
|
$424.28 M
|
$394.77 M
|
$365.73 M
|
| Selling & Marketing
Expenses |
$48.61 M
|
$39.99 M
|
$34.54 M
|
$34.39 M
|
$38.00 M
|
$32.51 M
|
$29.34 M
|
$27.68 M
|
$28.86 M
|
$29.00 M
|
| Selling, General &
Administrative Expenses |
$971.31 M
|
$596.31 M
|
$489.76 M
|
$473.51 M
|
$471.39 M
|
$444.03 M
|
$431.77 M
|
$451.96 M
|
$394.77 M
|
$365.73 M
|
| Other Expenses |
$0.00 |
-$210.31 M |
-$1.37 B |
-$1.56 B |
-$1.34 B |
-$1.20 B |
-$1.15 B |
-$1.22 B |
-$1.09 B |
-$986.08 M |
| Operating Expenses |
$1.99 B |
$88.61 M |
-$882.06 M |
-$1.09 B |
-$868.44 M |
-$707.19 M |
-$721.90 M |
-$772.56 M |
-$694.06 M |
-$620.34 M |
| Cost And Expenses |
$1.92 B |
$88.61 M |
-$882.06 M |
-$1.09 B |
-$868.44 M |
-$707.19 M |
-$721.90 M |
-$772.56 M |
-$694.06 M |
-$620.34 M |
| Interest Income |
$2.22 B |
$1.29 B |
$984.87 M |
$976.00 M |
$1.00 B |
$957.89 M |
$866.42 M |
$788.41 M |
$736.63 M |
$686.93 M |
| Interest Expense |
$659.05 M |
$184.44 M |
$23.90 M |
$45.03 M |
$129.78 M |
$93.31 M |
$26.53 M |
$12.08 M |
$12.86 M |
$14.54 M |
| Depreciation &
Amortization |
$76.44 M
|
$91.17 M
|
$88.61 M
|
$83.59 M
|
$69.77 M
|
$38.62 M
|
$38.00 M
|
$38.43 M
|
$3.33 M
|
$3.52 M
|
| EBITDA |
$788.82 M
|
$740.17 M
|
$558.83 M
|
$415.69 M
|
$553.56 M
|
$558.85 M
|
$456.18 M
|
$389.59 M
|
$361.94 M
|
$375.90 M
|
| EBITDA Ratio |
0.41 |
4.61 |
0.36 |
0.24 |
0.37 |
0.5 |
0.4 |
0.36 |
0.35 |
0.39 |
| Operating Income Ratio
|
0.37
|
4.61
|
0.36
|
0.24
|
0.37
|
0.46
|
0.4
|
0.31
|
0.35
|
0.38
|
| Total Other
Income/Expenses Net |
$0.00
|
-$170.31 M
|
-$149.85 M
|
-$143.34 M
|
-$153.96 M
|
-$158.77 M
|
-$167.78 M
|
-$171.17 M
|
-$154.55 M
|
-$155.41 M
|
| Income Before Tax |
$712.37 M |
$668.83 M |
$489.54 M |
$351.32 M |
$499.47 M |
$508.68 M |
$408.36 M |
$341.41 M |
$319.80 M |
$336.02 M |
| Income Before Tax Ratio
|
0.37
|
3.03
|
0.36
|
0.24
|
0.37
|
0.39
|
0.34
|
0.3
|
0.3
|
0.33
|
| Income Tax Expense |
$114.40 M |
$89.68 M |
$46.46 M |
$20.17 M |
$55.87 M |
$53.76 M |
$44.21 M |
$37.15 M |
$40.47 M |
$58.05 M |
| Net Income |
$597.97 M |
$579.15 M |
$443.08 M |
$331.15 M |
$443.60 M |
$454.92 M |
$364.15 M |
$304.26 M |
$279.33 M |
$277.98 M |
| Net Income Ratio |
0.31 |
2.63 |
0.32 |
0.23 |
0.32 |
0.35 |
0.3 |
0.27 |
0.26 |
0.28 |
| EPS |
8.91 |
8.84 |
6.79 |
5.11 |
6.88 |
7.14 |
5.56 |
4.73 |
4.31 |
4.32 |
| EPS Diluted |
9.08 |
8.79 |
6.74 |
5.09 |
6.81 |
7.03 |
5.51 |
4.7 |
4.28 |
4.29 |
| Weighted Average Shares
Out |
$65.63 M
|
$64.16 M
|
$63.61 M
|
$62.73 M
|
$62.74 M
|
$63.71 M
|
$63.69 M
|
$62.38 M
|
$62.76 M
|
$62.07 M
|
| Weighted Average Shares
Out Diluted |
$64.40 M
|
$64.52 M
|
$64.10 M
|
$63.00 M
|
$63.44 M
|
$64.69 M
|
$64.66 M
|
$62.97 M
|
$63.47 M
|
$62.97 M
|
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