CFR
Income statement / Annual
Last year (2024), Cullen/Frost Bankers, Inc.'s total revenue was $2.85 B,
an increase of 7.69% from the previous year.
In 2024, Cullen/Frost Bankers, Inc.'s net income was $582.54 M.
See Cullen/Frost Bankers, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
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 |
| Operating Revenue |
$2.85 B |
$2.65 B |
$1.88 B |
$1.40 B |
$1.49 B |
$1.50 B |
$1.40 B |
$1.23 B |
$1.14 B |
$1.08 B |
| Cost of Revenue |
$851.01 M
|
$705.22 M
|
$187.44 M
|
$23.97 M
|
$286.26 M
|
$163.54 M
|
$114.99 M
|
$61.99 M
|
$63.75 M
|
$64.71 M
|
| Gross Profit |
$2.00 B
|
$1.94 B
|
$1.69 B
|
$1.37 B
|
$1.20 B
|
$1.33 B
|
$1.29 B
|
$1.17 B
|
$1.07 B
|
$1.01 B
|
| Gross Profit Ratio |
0.7
|
0.73
|
0.9
|
0.98
|
0.81
|
0.89
|
0.92
|
0.95
|
0.94
|
0.94
|
| 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 |
$781.11 M
|
$739.61 M
|
$596.31 M
|
$489.76 M
|
$473.51 M
|
$487.84 M
|
$459.06 M
|
$446.84 M
|
$423.10 M
|
$410.12 M
|
| Selling & Marketing Expenses |
$51.40 M
|
$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
|
| Selling, General & Administrative Expenses |
$832.51 M
|
$788.22 M
|
$636.30 M
|
$524.30 M
|
$507.90 M
|
$525.85 M
|
$491.58 M
|
$476.17 M
|
$450.78 M
|
$438.97 M
|
| Other Expenses |
$470.25 M
|
$440.44 M
|
$387.97 M
|
$357.70 M
|
$341.01 M
|
$308.83 M
|
$287.24 M
|
$282.90 M
|
$282.18 M
|
$254.75 M
|
| Operating Expenses |
$1.30 B
|
$1.23 B
|
$1.02 B
|
$881.99 M
|
$848.90 M
|
$834.68 M
|
$778.81 M
|
$759.07 M
|
$732.96 M
|
$693.72 M
|
| Cost And Expenses |
$2.15 B
|
$1.93 B
|
$1.21 B
|
$905.96 M
|
$1.14 B
|
$998.22 M
|
$893.80 M
|
$821.05 M
|
$796.71 M
|
$758.43 M
|
| Interest Income |
$2.39 B
|
$2.22 B
|
$1.48 B
|
$1.01 B
|
$1.02 B
|
$1.13 B
|
$1.05 B
|
$892.95 M
|
$788.41 M
|
$749.50 M
|
| Interest Expense |
$786.03 M
|
$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
|
| Depreciation & Amortization |
$82.82 M
|
$76.44 M
|
$71.34 M
|
$69.29 M
|
$64.37 M
|
$54.09 M
|
$50.17 M
|
$47.81 M
|
$48.18 M
|
$42.14 M
|
| EBITDA |
$778.78 M |
$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 |
| EBITDA Ratio |
0.27
|
0.3
|
0.39
|
0.4
|
0.28
|
0.37
|
0.4
|
0.37
|
0.34
|
0.34
|
| Operating Income Ratio |
0.24
|
0.27
|
0.36
|
0.35
|
0.24
|
0.33
|
0.36
|
0.33
|
0.3
|
0.3
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$695.97 M
|
$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
|
| Income Before Tax Ratio |
0.24
|
0.27
|
0.36
|
0.35
|
0.24
|
0.33
|
0.36
|
0.33
|
0.3
|
0.3
|
| Income Tax Expense |
$113.43 M
|
$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
|
| Net Income |
$582.54 M
|
$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
|
| Net Income Ratio |
0.2
|
0.23
|
0.31
|
0.32
|
0.22
|
0.3
|
0.32
|
0.3
|
0.27
|
0.26
|
| EPS |
8.88 |
9.11 |
8.84 |
6.79 |
5.11 |
6.88 |
6.97 |
5.56 |
4.73 |
4.31 |
| EPS Diluted |
8.87 |
9.08 |
8.79 |
6.74 |
5.09 |
6.81 |
6.9 |
5.51 |
4.7 |
4.28 |
| Weighted Average Shares Out |
$64.19 M
|
$64.20 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
|
| Weighted Average Shares Out Diluted |
$64.28 M
|
$64.41 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
|
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