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Cullen/Frost Bankers CFR
$ 135.33 0.4%

Annual report 2025
added 02-05-2026

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Cullen/Frost Bankers Income Statement 2011-2026 | CFR

Annual Income Statement Cullen/Frost Bankers

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

9.18 B 9.03 B 6.5 B 8.23 B 8.9 B 6.35 B 5.81 B 6.32 B 6.79 B 5.61 B 3 B 3.87 B 4.52 B 3.63 B 3.39 B

Shares

64.1 M 64.1 M 64.2 M 64.2 M 63.6 M 62.7 M 62.7 M 63.7 M 63.7 M 62.4 M 62.8 M 62.1 M 60.4 M 61.3 M 61.1 M

Historical Prices

143 141 101 128 140 101 73.4 94.2 92.2 80 40.1 55.1 59 46.5 41.9

Net Income

649 M 583 M 598 M 579 M 443 M 331 M 444 M 455 M 364 M 304 M 279 M 278 M 238 M 238 M 218 M

Revenue

2.24 B 2.06 B 1.99 B 1.7 B 1.37 B 1.44 B 1.37 B 1.31 B 1.2 B 1.13 B 1.07 B 1.01 B 923 M 894 M 872 M

Cost of Revenue

675 M 621 M 548 M 492 M 395 M 387 M 375 M 350 M - - - - - - -

Interest Expense

1.74 B 1.6 B 1.56 B 1.29 B 23.9 M 45 M 130 M 93.3 M 26.5 M 12.1 M 12.9 M 14.5 M 21.9 M 26.8 M 41.2 M

EBITDA

87.8 M 82.8 M 76.4 M 71.3 M 69.3 M 64.4 M - - - - - - - - -

Operating Expenses

- - - - - - 998 M 894 M 821 M 797 M 758 M 686 M 654 M 612 M 627 M

General and Administrative Expenses

- - - - - - 488 M 459 M 447 M 424 M 410 M 381 M 361 M 341 M 318 M

All numbers in USD currency

Quarterly Income Statement Cullen/Frost Bankers

2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

64.3 M 64.3 M 64 M 64.2 M 64.2 M 64.1 M 64.2 M 64.4 M - 64.2 M 64.1 M 64.1 M - 63.7 M 63.6 M 63.3 M - 62.7 M 62.6 M 62.6 M - 62.6 M 62.8 M 63 M - 63.9 M 63.8 M 63.6 M - 63.7 M 64.1 M 63.7 M - 62.4 M 62 M 61.9 M - 62.6 M 63.1 M 63.1 M - 62.9 M 61.6 M 60.7 M - 60.3 M 60 M 60.6 M - 61.3 M 61.3 M 61.2 M - 61.1 M 61.1 M 61 M

Net Income

157 M 151 M 147 M 145 M 136 M 156 M 162 M 178 M - 170 M 119 M 99.1 M - 108 M 118 M 116 M - 95.1 M 93.1 M 54.8 M - 112 M 112 M 116 M - 118 M 111 M 106 M - 93.1 M 85.6 M 84.9 M - 80.2 M 71.5 M 68.8 M - 75.8 M 73.1 M 72.2 M - 77.4 M 66.7 M 61.2 M - 60.4 M 59.7 M 55.2 M - 58.7 M 58.1 M 61 M - 54.5 M 55.7 M 51.9 M

Revenue

547 M 540 M 518 M 508 M 501 M 491 M 489 M 505 M - 455 M 386 M 350 M - 339 M 348 M 334 M - 327 M 323 M 457 M - 342 M 336 M 343 M - 329 M 322 M 321 M - 301 M 296 M 292 M - 277 M 269 M 286 M - 270 M 262 M 264 M - 259 M 249 M 238 M - 229 M 226 M 231 M - 223 M 219 M - - - - -

Cost of Revenue

162 M 161 M 157 M 151 M 148 M 138 M 133 M 130 M - 127 M 117 M 111 M - 99.5 M 97 M 93.5 M - 93.3 M 90.4 M 98.8 M - 93.8 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

172 M 169 M 204 M 200 M 195 M 176 M 157 M 135 M - 52.8 M 18.4 M 7.19 M - 6.11 M 5.88 M 5.73 M - 7.74 M 9.18 M 21.5 M - 33.3 M 34.7 M 34.9 M - 27.1 M 20.7 M 13.6 M - 8.38 M 4.49 M 3.28 M - 2.98 M 2.95 M 2.88 M - 3.11 M 3.12 M 3.67 M - 3.91 M 3.43 M 3.37 M - 5.5 M 5.84 M 5.95 M - 6.63 M 6.58 M 7.16 M - 9.42 M 11.8 M 11.8 M

EBITDA

- 21.9 M - - 20.2 M - 82 K 18.5 M - 53.3 M 131 K 17.6 M - 51.6 M 185 K 16.9 M - 47.8 M 31.5 M 15.5 M - 39.2 M 25.7 M 12.8 M - 37.5 M 24.6 M 12.1 M - 35.8 M 24.1 M 12.1 M - 35.7 M 23.8 M 11.9 M - 30.9 M 20.2 M 10 M - 29.6 M 19.4 M 9.7 M - 28.8 M 19.1 M 9.46 M - 28.4 M 18.9 M 9.5 M - 1.11 M 1.11 M 1.12 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Cullen/Frost Bankers (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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