Cullen/Frost Bankers Cost of Revenue 2011-2026 | CFR

Cost of Revenue is a financial metric that reflects all direct costs associated with the production of goods or the provision of services that directly led to revenue during the reporting period. It is the total amount of expenses incurred by the company to deliver its products or services, including both production costs and related expenses necessary for delivery or customer support.

What is included in the cost of revenue

Cost Category	Examples
Production Costs	Materials, wages of production staff, depreciation of equipment
Service and Support	Customer service, user support, technical assistance
Delivery and Logistics	Packaging, delivery of goods to customers
Hosting and Infrastructure	Servers, cloud platforms (especially for IT and SaaS companies)
Content and Licenses	License purchases, production royalties (e.g., in streaming services)

Importance of the Metric

Helps to understand how costly the revenue-generating process is.
A high cost of revenue may indicate:
Poor cost control
Low operational efficiency
A low cost of revenue combined with high revenue indicates high profitability and business competitiveness.

Annual Cost of Revenue Cullen/Frost Bankers

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
675 M	621 M	548 M	492 M	395 M	387 M	375 M	350 M	-	-	-	-	-	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
675 M	350 M	481 M

Quarterly Cost of Revenue 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
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
162 M	90.4 M	122 M

Cost of Revenue of other stocks in the Banks regional industry

Issuer	Cost of Revenue	Price	% 24h	Market Cap	Country
Atlantic Capital Bancshares ACBI	34.2 M	-	-1.48 %	$ 566 M	USA
Metropolitan Bank Holding Corp. MCB	84 M	$ 82.33	0.16 %	$ 872 M	USA
Northrim BanCorp NRIM	78.3 M	$ 22.78	-0.18 %	$ 503 M	USA
Allegiance Bancshares ABTX	90.2 M	-	-0.86 %	$ 1.51 B	USA
Citizens Holding Company CIZN	18.6 M	-	-5.65 %	$ 49.5 M	USA
BankFinancial Corporation BFIN	22.2 M	-	-	$ 151 M	USA
ESSA Bancorp ESSA	26.9 M	-	-	$ 196 M	USA
Bank of South Carolina Corporation BKSC	7.55 M	-	-0.41 %	$ 66.6 M	USA
First Business Financial Services FBIZ	67.9 M	$ 52.98	-1.35 %	$ 432 M	USA
First Financial Bankshares FFIN	175 M	$ 29.34	-0.71 %	$ 4.2 B	USA
Brookline Bancorp BRKL	144 M	-	-	$ 974 M	USA
First Financial Northwest FFNW	20.4 M	-	-1.23 %	$ 206 M	USA
Bogota Financial Corp. BSBK	8.75 M	$ 8.38	0.81 %	$ 107 M	USA
Byline Bancorp BY	150 M	$ 31.22	0.32 %	$ 1.4 B	USA
CBTX CBTX	169 M	-	1.49 %	$ 1.51 B	USA
The PNC Financial Services Group PNC	7.78 B	$ 205.85	-0.24 %	$ 81.5 B	USA
Community Bank System CBU	314 M	$ 57.5	0.35 %	$ 3.03 B	USA
Glen Burnie Bancorp GLBZ	6.58 M	-	-	$ 12.5 M	USA
Coastal Financial Corporation CCB	66.5 M	$ 75.79	-1.37 %	$ 1.14 B	USA
CrossFirst Bankshares CFB	89.2 M	-	-	$ 784 M	USA
First Capital FCAP	15.5 M	$ 48.34	0.46 %	$ 162 M	USA
FFBW FFBW	5.21 M	-	-	$ 68.2 M	USA
Park National Corporation PRK	153 M	$ 157.85	0.05 %	$ 2.54 B	USA
Home Federal Bancorp of Louisiana HFBL	8.94 M	$ 16.51	-	$ 50.4 M	USA
C&F Financial Corporation CFFI	56.8 M	$ 73.36	0.46 %	$ 238 M	USA
HomeStreet HMST	107 M	-	1.84 %	$ 262 M	USA
Capitol Federal Financial CFFN	60.4 M	$ 7.14	0.42 %	$ 928 M	USA
Provident Financial Holdings PROV	19 M	$ 16.17	0.43 %	$ 109 M	USA
Independent Bank Corp. INDB	287 M	$ 75.41	0.53 %	$ 3.48 B	USA
Customers Bancorp CUBI	189 M	$ 68.66	0.81 %	$ 2.22 B	USA
RBB Bancorp RBB	43.1 M	$ 21.16	-	$ 369 M	USA
HMN Financial HMNF	18.1 M	-	-2.13 %	$ 122 M	USA
Columbia Financial CLBK	119 M	$ 17.5	0.23 %	$ 1.78 B	USA
Regions Financial Corporation RF	2.62 B	$ 25.75	0.55 %	$ 23 B	USA
ACNB Corporation ACNB	40.9 M	$ 47.1	0.02 %	$ 401 M	USA
ConnectOne Bancorp CNOB	111 M	$ 26.33	-0.08 %	$ 1.19 B	USA
Renasant Corporation RNST	369 M	$ 35.94	0.27 %	$ 3.12 B	USA
Limestone Bancorp LMST	19 M	-	-	$ 179 M	USA