See more : Cue Health Inc. (HLTH) Income Statement Analysis – Financial Results
Complete financial analysis of Cullen/Frost Bankers, Inc. (CFR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cullen/Frost Bankers, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Cullen/Frost Bankers, Inc. (CFR)
About Cullen/Frost Bankers, Inc.
Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors. The company offers commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; commercial leasing; and treasury management services. It also provides consumer banking services, such as checking accounts, savings programs, automated-teller machines (ATMs), overdraft facilities, installment and real estate loans, home equity loans and lines of credit, drive-in and night deposit services, safe deposit facilities, and brokerage services. In addition, the company offers international banking services comprising deposits, loans, letters of credit, foreign collections, funds, and foreign exchange services. Further, it acts as a correspondent for approximately 171 financial institutions; offers trust, investment, agency, and custodial services for individual and corporate clients; provides capital market services that include sales and trading, new issue underwriting, money market trading, advisory, and securities safekeeping and clearance; and supports international business activities. Additionally, the company offers insurance and securities brokerage services; and holds securities for investment purposes, as well as investment management services to Frost-managed mutual funds, institutions, and individuals. It operates approximately 157 financial centers and 1,650 ATMs. The company serves energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation industries. Cullen/Frost Bankers, Inc. was founded in 1868 and is headquartered in San Antonio, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.94B | 220.38M | 1.37B | 1.44B | 1.37B | 1.31B | 1.20B | 1.13B | 1.07B | 1.01B | 923.37M | 893.65M | 871.78M | 845.49M | 1.41B | 821.35M | 786.97M | 709.91M | 621.65M | 556.55M | 529.12M | 514.74M | 509.11M | 493.63M | 454.10M | 406.70M | 306.50M | 273.60M | 240.00M | 213.10M | 204.00M | 178.50M | 166.00M | 160.60M | 157.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 577.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.94B | 220.38M | 1.37B | 1.44B | 1.37B | 1.31B | 1.20B | 1.13B | 1.07B | 1.01B | 923.37M | 893.65M | 871.78M | 845.49M | 830.39M | 821.35M | 786.97M | 709.91M | 621.65M | 556.55M | 529.12M | 514.74M | 509.11M | 493.63M | 454.10M | 406.70M | 306.50M | 273.60M | 240.00M | 213.10M | 204.00M | 178.50M | 166.00M | 160.60M | 157.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 58.97% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 739.61M | 596.31M | 489.76M | 473.51M | 471.39M | 444.03M | 431.77M | 424.28M | 394.77M | 365.73M | 347.78M | 327.47M | 317.68M | 312.39M | 311.68M | 273.16M | 257.08M | 237.02M | 207.64M | 198.22M | 184.94M | 173.84M | 180.26M | 167.81M | 152.60M | 132.70M | 98.60M | 87.10M | 69.10M | 62.90M | 65.70M | 55.90M | 53.20M | 52.20M | 51.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 48.61M | 39.99M | 34.54M | 34.39M | 38.00M | 32.51M | 29.34M | 27.68M | 28.86M | 29.00M | 26.23M | 23.77M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 788.22M | 596.31M | 489.76M | 473.51M | 471.39M | 444.03M | 431.77M | 451.96M | 394.77M | 365.73M | 347.78M | 327.47M | 317.68M | 312.39M | 311.68M | 273.16M | 257.08M | 237.02M | 207.64M | 207.83M | 184.94M | 173.84M | 180.26M | 167.81M | 152.60M | 132.70M | 98.60M | 87.10M | 69.10M | 62.90M | 65.70M | 55.90M | 53.20M | 52.20M | 51.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | -210.31M | -1.37B | -1.56B | -1.34B | -1.20B | -1.15B | -1.22B | -1.09B | -986.08M | -923.00M | -852.02M | -828.74M | -805.20M | -793.03M | -656.00M | -484.07M | -446.72M | -466.33M | -623.06M | -583.56M | -566.35M | -425.13M | -305.62M | -307.50M | -261.70M | -178.90M | -163.50M | -134.00M | -149.20M | -161.50M | -128.80M | -95.70M | -57.90M | -14.10M | 2.40M | 2.00M | -6.60M | 10.30M |
| Operating Expenses | 971.31M | 88.61M | -882.06M | -1.09B | -868.44M | -707.19M | -721.90M | -772.56M | -694.06M | -620.34M | -575.22M | -524.54M | -511.06M | -492.81M | -481.35M | -382.84M | -227.00M | -209.71M | -258.70M | -415.22M | -398.62M | -392.51M | -244.87M | -137.82M | -154.90M | -129.00M | -80.30M | -76.40M | -64.90M | -86.30M | -95.80M | -72.90M | -42.50M | -5.70M | 37.80M | 2.40M | 2.00M | -6.60M | 10.30M |
| Cost & Expenses | 971.31M | 88.61M | -882.06M | -1.09B | -868.44M | -707.19M | -721.90M | -772.56M | -694.06M | -620.34M | -575.22M | -524.54M | -511.06M | -492.81M | 577.72M | -382.84M | -227.00M | -209.71M | -258.70M | -415.22M | -398.62M | -392.51M | -244.87M | -137.82M | -154.90M | -129.00M | -80.30M | -76.40M | -64.90M | -86.30M | -95.80M | -72.90M | -42.50M | -5.70M | 37.80M | 2.40M | 2.00M | -6.60M | 10.30M |
| Interest Income | 2.22B | 1.29B | 984.87M | 976.00M | 1.00B | 957.89M | 866.42M | 788.41M | 736.63M | 686.93M | 620.56M | 604.86M | 581.78M | 563.46M | 1.11B | 675.65M | 768.85M | 683.96M | 509.83M | 393.54M | 368.95M | 389.90M | 460.98M | 512.33M | 447.60M | 428.10M | 324.70M | 290.50M | 256.10M | 205.50M | 189.60M | 190.00M | 231.20M | 272.90M | 299.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 659.05M | 184.44M | 23.90M | 45.03M | 129.78M | 93.31M | 26.53M | 12.08M | 12.86M | 14.54M | 21.95M | 26.75M | 41.24M | 53.88M | 86.36M | 141.63M | 250.11M | 214.80M | 118.56M | 62.11M | 55.19M | 75.87M | 144.76M | 189.57M | 150.60M | 160.10M | 127.50M | 111.40M | 103.80M | 69.20M | 61.80M | 73.30M | 122.70M | 162.90M | 192.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 0.00 | 91.17M | 88.61M | 83.59M | 69.77M | 38.62M | 38.00M | 38.43M | 3.33M | 3.52M | 3.14M | 3.90M | 4.39M | 5.13M | 6.54M | 33.57M | 31.36M | 25.17M | 26.34M | 25.86M | 27.75M | 31.49M | 38.33M | 35.51M | 37.40M | 29.10M | 13.90M | 25.30M | 21.00M | 5.60M | 11.20M | 8.80M | 7.50M | 8.20M | 7.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 740.17M | 558.83M | 415.69M | 553.56M | 558.85M | 456.18M | 389.59M | 361.94M | 375.90M | 329.35M | 346.25M | 323.86M | 303.93M | 298.50M | 354.25M | 369.14M | 339.12M | 293.73M | 252.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.40M | 2.00M | -6.60M | 10.30M |
| EBITDA Ratio | 0.00% | 460.72% | 35.74% | 24.44% | 36.60% | 49.81% | 40.13% | 35.67% | 35.16% | 38.75% | 38.04% | 41.74% | 41.88% | 42.32% | 25.25% | 57.48% | 75.14% | 74.01% | 62.62% | 53.36% | 52.06% | 54.82% | 59.43% | 79.27% | 74.12% | 75.44% | 78.34% | 81.32% | 81.71% | 62.13% | 58.53% | 64.09% | 78.92% | 101.56% | 128.44% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 712.37M | 1.01B | 489.54M | 351.32M | 499.47M | 601.99M | 481.00M | 353.49M | 371.30M | 386.74M | 348.16M | 369.11M | 360.72M | 352.68M | 349.03M | 438.51M | 559.97M | 500.20M | 362.95M | 141.33M | 130.50M | 122.23M | 264.24M | 355.81M | 299.20M | 277.70M | 226.20M | 197.20M | 175.10M | 126.80M | 108.20M | 105.60M | 123.50M | 154.90M | 195.30M | 2.40M | 2.00M | -6.60M | 10.30M |
| Operating Income Ratio | 36.70% | 460.50% | 35.69% | 24.37% | 36.51% | 45.98% | 39.99% | 31.39% | 34.85% | 38.40% | 37.70% | 41.30% | 41.38% | 41.71% | 24.79% | 53.39% | 71.16% | 70.46% | 58.39% | 25.39% | 24.66% | 23.75% | 51.90% | 72.08% | 65.89% | 68.28% | 73.80% | 72.08% | 72.96% | 59.50% | 53.04% | 59.16% | 74.40% | 96.45% | 124.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 0.00 | -170.31M | -149.85M | -143.34M | -153.96M | -158.77M | -167.78M | -171.17M | -154.55M | -155.41M | -140.67M | -14.98M | 0.00 | -37.59M | 0.00 | 4.70M | -5.30M | -743.00K | 4.35M | 1.10M | 62.04M | 57.82M | -147.77M | -189.57M | -150.60M | -160.10M | -127.50M | -111.40M | -103.80M | -69.20M | -70.20M | -79.80M | -122.70M | -162.90M | -192.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 712.37M | 668.83M | 489.54M | 351.32M | 499.47M | 508.68M | 408.36M | 341.41M | 319.80M | 336.02M | 290.88M | 308.48M | 286.24M | 266.34M | 232.76M | 296.88M | 309.86M | 285.41M | 244.39M | 209.02M | 192.54M | 180.05M | 116.47M | 166.25M | 148.60M | 117.60M | 98.70M | 85.80M | 71.30M | 57.60M | 38.00M | 25.80M | 800.00K | -8.00M | 2.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 36.70% | 303.49% | 35.69% | 24.37% | 36.51% | 38.85% | 33.95% | 30.32% | 30.02% | 33.37% | 31.50% | 34.52% | 32.83% | 31.50% | 16.53% | 36.15% | 39.37% | 40.20% | 39.31% | 37.56% | 36.39% | 34.98% | 22.88% | 33.68% | 32.72% | 28.92% | 32.20% | 31.36% | 29.71% | 27.03% | 18.63% | 14.45% | 0.48% | -4.98% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 114.40M | 89.68M | 46.46M | 20.17M | 55.87M | 53.76M | 44.21M | 37.15M | 40.47M | 58.05M | 53.02M | 70.52M | 68.70M | 57.58M | 53.72M | 89.62M | 97.79M | 91.82M | 78.97M | 67.69M | 62.04M | 57.82M | 38.57M | 57.43M | 51.00M | 42.00M | 35.20M | 30.80M | 25.00M | 20.20M | -700.00K | 8.20M | 600.00K | 200.00K | 200.00K | -2.40M | -2.00M | 6.60M | -10.30M |
| Net Income | 597.97M | 579.15M | 443.08M | 331.15M | 443.60M | 454.92M | 364.15M | 304.26M | 279.33M | 277.98M | 237.87M | 237.95M | 217.54M | 208.76M | 179.03M | 207.26M | 212.07M | 193.59M | 165.42M | 141.33M | 130.50M | 116.99M | 80.92M | 108.82M | 97.60M | 75.60M | 63.50M | 55.00M | 46.30M | 37.40M | 47.10M | 24.10M | 200.00K | -8.20M | 2.70M | 2.40M | 2.00M | -6.60M | 10.30M |
| Net Income Ratio | 30.81% | 262.80% | 32.30% | 22.97% | 32.43% | 34.75% | 30.27% | 27.02% | 26.22% | 27.60% | 25.76% | 26.63% | 24.95% | 24.69% | 12.71% | 25.23% | 26.95% | 27.27% | 26.61% | 25.39% | 24.66% | 22.73% | 15.89% | 22.04% | 21.49% | 18.59% | 20.72% | 20.10% | 19.29% | 17.55% | 23.09% | 13.50% | 0.12% | -5.11% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 8.91 | 8.84 | 6.79 | 5.11 | 6.88 | 7.14 | 5.56 | 4.73 | 4.31 | 4.32 | 3.82 | 3.87 | 3.55 | 3.44 | 3.00 | 3.51 | 3.60 | 3.49 | 3.15 | 2.74 | 2.54 | 2.29 | 1.57 | 2.09 | 1.83 | 1.42 | 1.38 | 1.19 | 1.02 | 0.83 | 1.95 | 0.57 | 0.01 | -0.22 | 0.07 | 0.07 | 0.06 | -0.21 | 0.33 |
| EPS Diluted | 9.08 | 8.79 | 6.74 | 5.09 | 6.81 | 7.03 | 5.51 | 4.70 | 4.28 | 4.29 | 3.80 | 3.86 | 3.54 | 3.44 | 3.00 | 3.50 | 3.55 | 3.42 | 3.07 | 2.66 | 2.48 | 2.29 | 1.57 | 2.03 | 1.78 | 1.38 | 1.34 | 1.16 | 1.01 | 0.83 | 1.93 | 0.57 | 0.01 | -0.22 | 0.07 | 0.07 | 0.06 | -0.21 | 0.33 |
| Weighted Avg Shares Out | 65.63M | 64.16M | 63.61M | 62.73M | 62.74M | 63.71M | 63.69M | 62.38M | 62.76M | 62.07M | 60.35M | 61.30M | 61.10M | 60.41M | 59.46M | 58.85M | 58.91M | 55.47M | 52.52M | 51.58M | 51.38M | 51.09M | 51.54M | 52.07M | 53.33M | 53.24M | 52.90M | 52.86M | 45.39M | 44.92M | 44.20M | 42.28M | 38.00M | 37.27M | 38.57M | 34.29M | 33.33M | 31.43M | 31.21M |
| Weighted Avg Shares Out (Dil) | 64.40M | 64.52M | 64.10M | 63.00M | 63.44M | 64.69M | 64.66M | 62.97M | 63.47M | 62.97M | 61.12M | 61.64M | 61.28M | 60.59M | 59.51M | 59.17M | 59.74M | 56.61M | 53.88M | 53.13M | 52.62M | 52.63M | 53.43M | 53.60M | 54.83M | 54.78M | 54.48M | 54.22M | 45.62M | 44.92M | 44.20M | 42.28M | 38.00M | 37.27M | 38.57M | 34.29M | 33.33M | 31.43M | 31.21M |
Richemont upgraded to Buy from Hold at HSBC
HSBC upgraded Richemont to Buy from Hold with a CHF 155 price target.
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