CFR
CULLEN/FROST BANKERS, INC.
NYSE · Financial Services · Banks - Regional · US
$159.69
+0.35%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 2.7B | 2.9B | 2.8B | 2.6B | 1.9B |
| Cost of Revenue | 365.8M | 728.8M | 851.0M | 705.2M | 187.4M |
| Gross Profit | 2.3B | 2.2B | 2.0B | 1.9B | 1.7B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 1.1B | 896.4M | 832.5M | 788.2M | 636.3M |
| General & Admin Expense | 1.1B | 839.5M | 781.1M | 739.6M | 596.3M |
| Selling & Marketing Expense | — | 56.9M | 51.4M | 48.6M | 40.0M |
| Other Expenses | 343.8M | 523.0M | 470.2M | 440.4M | 388.0M |
| Total Operating Expenses | 1.5B | 1.4B | 1.3B | 1.2B | 1.0B |
| Cost and Expenses | 1.8B | 2.1B | 2.2B | 1.9B | 1.2B |
| Operating Income (EBIT) | 819.5M | 771.7M | 696.0M | 712.4M | 668.8M |
| Non-Operating | |||||
| Interest Income | 2.4B | 2.4B | 2.4B | 2.2B | 1.5B |
| Interest Expense | 607.7M | 684.6M | 786.0M | 659.1M | 184.4M |
| Net Interest Income | 1.8B | 1.7B | 1.6B | 1.6B | 1.3B |
| Other Non-Op Income/Expense | — | — | — | — | — |
| Non-Operating Income (excl Interest) | (163.9M) | — | — | — | — |
| EBT (Pre-Tax Income) | 819.5M | 771.7M | 696.0M | 712.4M | 668.8M |
| Income Tax Expense | 130.0M | 123.1M | 113.4M | 114.4M | 89.7M |
| Bottom Line | |||||
| Net Income | 689.5M | 648.6M | 582.5M | 598.0M | 579.1M |
| Earnings from Cont. Ops | 689.5M | 648.6M | 582.5M | 598.0M | 579.1M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 680.0M | 641.9M | 569.6M | 585.0M | 567.3M |
| Per Share | |||||
| Basic EPS | $10.78 | $10.02 | $8.88 | $9.11 | $8.84 |
| Diluted EPS | $10.75 | $9.92 | $8.87 | $9.08 | $8.79 |
| Revenue Per Share | $42.91 | $45.58 | $44.40 | $41.22 | $29.31 |
| Shares | |||||
| Basic Shares Outstanding | 62.1M | 64.1M | 64.2M | 64.2M | 64.2M |
| Diluted Shares Outstanding | 62.1M | 64.1M | 64.3M | 64.4M | 64.5M |
| Profitability Metrics | |||||
| EBITDA | 1.0B | 859.5M | 778.8M | 788.8M | 740.2M |
| D&A | 62.7M | 87.8M | 82.8M | 76.4M | 71.3M |
| EBIT | 983.4M | 771.7M | 696.0M | 712.4M | 668.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026