Cullen/Frost Bankers Financial Statements
NYSE: CFRFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Cullen/Frost Bankers revenue and earnings
In fiscal 2025, Cullen/Frost Bankers generated $2.24 billion in revenue, up 8.3% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $648.6 million (+11.3% year over year), for a net margin of 29.0% versus a median of 30.1% in the prior 5 years. Diluted earnings per share came in at $9.92, up from $8.87.
Over the last 5 fiscal years, CFR's revenue has grown at a 9.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Cullen/Frost Bankers income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.24B | 2.06B | 1.99B | 1.70B | 1.37B | 1.44B | 1.37B | 1.31B | 1.20B | 1.13B |
| Revenue growth (YoY) | +8.31% | +3.85% | +17.16% | +23.66% | -4.85% | +5.38% | +4.49% | +8.84% | +6.82% | +5.70% |
| Operating Expenses | 1.42B | 1.30B | 1.23B | 1.02B | 881.99M | 848.90M | 834.68M | 778.81M | 759.07M | 732.96M |
| Interest Expense | 684.60M | 786.02M | 659.05M | 184.44M | 23.90M | 45.03M | 129.78M | 93.31M | 26.52M | 12.08M |
| Pretax Income | 771.70M | 695.97M | 712.37M | 668.83M | 489.54M | 351.32M | 499.47M | 508.68M | 408.36M | 341.41M |
| Income Tax | 123.14M | 113.42M | 114.40M | 89.68M | 46.46M | 20.17M | 55.87M | 53.76M | 44.21M | 37.15M |
| Net Income | 648.56M | 582.54M | 597.97M | 579.15M | 443.08M | 331.15M | 443.60M | 454.92M | 364.15M | 304.26M |
| Net Income growth (YoY) | +11.33% | -2.58% | +3.25% | +30.71% | +33.80% | -25.35% | -2.49% | +24.93% | +19.68% | +8.93% |
| EPS (Basic) | 9.92 | 8.88 | 9.11 | 8.84 | 6.79 | 5.11 | 6.89 | 6.97 | 5.56 | 4.73 |
| EPS (Diluted) | 9.92 | 8.87 | 9.10 | 8.81 | 6.76 | 5.10 | 6.84 | 6.90 | 5.51 | 4.70 |
| Shares Outstanding (Basic) | 64.05M | 64.12M | 64.20M | 64.16M | 63.61M | 62.73M | 62.74M | 63.70M | 63.69M | 62.38M |
| Shares Outstanding (Diluted) | 64.10M | 64.26M | 64.40M | 64.52M | 64.10M | 63.00M | 63.44M | 64.69M | 64.66M | 62.97M |
| Net Margin | 29.02% | 28.23% | 30.09% | 34.15% | 32.30% | 22.97% | 32.43% | 34.75% | 30.27% | 27.02% |
This table shows 10 annual periods of Cullen/Frost Bankers's income statement, from FY 2025 back to FY 2016, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow CFR's reporting calendar. What is a income statement?