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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)
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 (CFR) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Cullen/Frost (CFR) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates...
CULLEN/FROST REPORTS FOURTH QUARTER AND 2023 ANNUAL RESULTS
Board declares first quarter dividend on common and preferred stock, and authorizes $150 million stock repurchase program SAN ANTONIO , Jan. 25, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) today reported fourth quarter and full-year results for 2023. Net income available...
Curious about Cullen/Frost (CFR) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Cullen/Frost (CFR) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Earnings Preview: Cullen/Frost Bankers (CFR) Q4 Earnings Expected to Decline
Cullen/Frost (CFR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will Cullen/Frost (CFR) Beat Estimates Again in Its Next Earnings Report?
Cullen/Frost (CFR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Cullen/Frost Bankers, Inc. Hosts Fourth Quarter 2023 Earnings Conference Call
SAN ANTONIO , Jan. 9, 2024 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE:CFR) will host a conference call on Thursday, January 25, 2024 to discuss fourth quarter 2023 earnings. Earnings Release : The earnings release for Cullen/Frost Bankers, Inc. will be...
5 Reasons to Add Cullen/Frost (CFR) to Your Portfolio Now
Driven by strong fundamentals and good growth prospects, the Cullen/Frost (CFR) stock looks like an attractive pick right now.
3 Beaten-Down Bank Stocks to Buy for a Turnaround in 2024
Investor optimism over expected rate cuts in 2024 is expected to aid bank stocks like Cullen/Frost (CFR), Glacier Bancorp (GBCI) and Arrow Financial (AROW).
Cullen/Frost (CFR) Soars 4.0%: Is Further Upside Left in the Stock?
Cullen/Frost (CFR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Cullen/Frost Looks Undervalued As Funding Cost Pressure Subsides
While Texas bank Cullen/Frost has struggled this year alongside peers, funding cost pressure is subsiding and net interest income has stabilized. Frost has a strong track record with respect to credit quality. While expense growth is high as the bank...
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