Cullen/Frost Bankers, Inc. (CFR)

Cullen/Frost Bankers Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Interest Income	1,736	1,605	1,559	1,291	984.87
Net Interest Income Growth	8.20%	2.95%	20.71%	31.11%	0.91%
Non-Interest Income	499.1	459.1	428.54	404.82	386.73
Non-Interest Income Growth	8.71%	7.13%	5.86%	4.68%	-38.79%
Revenues Before Loan Losses	2,235	2,064	1,987	1,696	1,372
Provision for Credit Losses	44.2	64.99	46.17	3	0.06
Revenue	2,191	1,999	1,941	1,693	1,372
Revenue Growth (YoY)	9.62%	2.97%	14.64%	23.45%	0.37%
Compensation Expenses	820.75	743.84	663.02	580.7	477.53
Selling, General & Admin	321.44	314.51	336.27	248.87	232.31
Other Non-Interest Expenses	277.16	244.41	229.37	194.7	172.15
Total Non-Interest Expense	1,419	1,303	1,229	1,024	881.99
Pretax Income	771.7	695.97	712.37	668.83	489.54
Provision for Income Taxes	123.15	113.43	114.4	89.68	46.46
Net Income	641.88	575.87	591.3	572.48	435.92
Net Income Attributable to Preferred Dividends	6.68	6.68	6.68	6.68	7.16
Net Income to Common	641.88	575.87	591.3	572.48	435.92
Net Income Growth	11.46%	-2.61%	3.29%	31.32%	34.70%
Shares Outstanding (Basic)	64	64	64	64	64
Shares Outstanding (Diluted)	64	64	64	65	64
Shares Change (YoY)	-0.25%	-0.22%	-0.18%	0.65%	1.74%
EPS (Basic)	9.92	8.88	9.11	8.84	6.79
EPS (Diluted)	9.92	8.87	9.10	8.81	6.76
EPS Growth	11.84%	-2.53%	3.29%	30.33%	32.55%
Free Cash Flow	127.33	861.76	320.22	620.08	582.44
Free Cash Flow Growth	-85.22%	169.12%	-48.36%	6.46%	35.82%
Free Cash Flow Per Share	1.99	13.41	4.97	9.61	9.09
Dividends Per Share	3.950	3.740	3.580	3.240	2.940
Dividend Growth	5.62%	4.47%	10.49%	10.20%	3.16%
Profit Margin	29.60%	29.15%	30.81%	34.21%	32.31%
FCF Margin	5.81%	43.12%	16.50%	36.62%	42.47%
EBITDA	87.79	82.82	76.44	71.34	69.29
EBITDA Margin	4.01%	4.14%	3.94%	4.21%	5.05%
Effective Tax Rate	15.96%	16.30%	16.06%	13.41%	9.49%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q