Cullen/Frost Bankers, Inc. (CFR) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.frostbank.com

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

Cullen/Frost Bankers, Inc. Hosts First Quarter 2024 Earnings Conference Call

April 4, 2024prnewswire.com

SAN ANTONIO , April 4, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) will host a conference call on Thursday, April 25, 2024 to discuss first quarter 2024 earnings. Earnings Release : The earnings release for Cullen/Frost Bankers, Inc. will be...

FOR 15TH CONSECUTIVE YEAR, FROST BANK RANKS HIGHEST IN J.D. POWER'S TEXAS RETAIL BANKING CUSTOMER SATISFACTION

March 28, 2024prnewswire.com

SAN ANTONIO, March 28, 2024 /PRNewswire/ -- For the 15th consecutive year, Frost Bank received the highest ranking for banking customer satisfaction in Texas, according to the J.D. Power 2024 U.S. Retail Banking Satisfaction StudySM.

DevvStream Announces Multi-Year Agreement with a Major Logistics and Marketing Firm for the Sale of CFR Credits

March 27, 2024newsfilecorp.com

Customer will acquire 25,000 CFR credits in 2024 under the purchase agreement, with an option for an additional 100,000 credits in 2025 Vancouver, British Columbia--(Newsfile Corp. - March 27, 2024) - DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0)...

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Cullen/Frost (CFR) Rides On Organic Growth Amid Cost Woes

March 1, 2024zacks.com

Cullen/Frost's (CFR) strong loan book, solid NII and steady capital distribution activities are positives. However, the company is affected by mounting costs and an undiversified loan portfolio.

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SAN ANTONIO , Feb. 21, 2024 /PRNewswire/ -- Frost Bank, one of the largest banks based in Texas, received 34 Greenwich Excellence and Best Brand Awards – the highest amount received nationwide for the eighth consecutive year – for providing...

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