Cullen/Frost Bankers, Inc. (CFR)

Acelyrin Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,382	1,379	1,194	770.98	674.63	680.24
Interest Income on Investments	1,014	1,012	1,024	704.74	334.14	340.8
Total Interest Income	2,396	2,391	2,218	1,476	1,009	1,021
Interest Paid on Deposits	581.67	629.11	508.26	140.48	14.52	32.02
Interest Paid on Borrowings	150.58	156.92	150.8	43.96	9.38	13.02
Total Interest Expense	732.25	786.03	659.05	184.44	23.9	45.03
Net Interest Income	1,664	1,605	1,559	1,291	984.87	976
Net Interest Income Growth (YoY)	6.62%	2.95%	20.71%	31.11%	0.91%	-2.79%
Trust Income	171.38	165.27	153.32	154.68	148.99	129.27
Gain (Loss) on Sale of Investments	-0.11	-0.1	0.07	-	0.07	108.99
Other Non-Interest Income	193.45	187.69	181.66	158.25	154.37	146.32
Total Non-Interest Income	477.82	459.1	428.54	404.82	386.73	465.45
Non-Interest Income Growth (YoY)	8.03%	7.13%	5.86%	4.68%	-16.91%	27.91%
Revenues Before Loan Losses	2,141	2,064	1,987	1,696	1,372	1,441
Provision for Loan Losses	61.75	64.99	46.17	3	0.06	241.23
Revenue	2,080	1,999	1,941	1,693	1,372	1,200
Revenue Growth (YoY)	6.87%	2.97%	14.64%	23.45%	14.27%	-10.04%
Salaries and Employee Benefits	727.01	693.68	606.13	534.38	440.97	431.19
Occupancy Expenses	132.17	128.4	124.06	112.17	107.02	93.14
Federal Deposit Insurance	27.94	37.27	76.59	15.6	12.23	10.5
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.92
Selling, General & Administrative	260.8	250.4	241.12	207.41	184.15	181.24
Other Non-Interest Expense	206.87	193.01	180.76	154.71	137.62	131.92
Total Non-Interest Expense	1,355	1,303	1,229	1,024	881.99	848.9
EBT Excluding Unusual Items	724.97	695.97	712.37	668.83	489.54	351.32
Pretax Income	724.97	695.97	712.37	668.83	489.54	351.32
Income Tax Expense	115.69	113.43	114.4	89.68	46.46	20.17
Net Income	609.28	582.54	597.97	579.15	443.08	331.15
Preferred Dividends & Other Adjustments	12.53	12.91	12.96	11.89	11.04	10.67
Net Income to Common	596.75	569.63	585.02	567.27	432.04	320.49
Net Income Growth	12.96%	-2.58%	3.25%	30.71%	33.80%	-25.35%
Basic Shares Outstanding	64	64	64	64	64	63
Diluted Shares Outstanding	64	64	64	65	64	63
Shares Change (YoY)	-0.09%	-0.22%	-0.18%	0.65%	1.74%	-0.69%
EPS (Basic)	9.30	8.88	9.11	8.84	6.79	5.11
EPS (Diluted)	9.29	8.87	9.10	8.81	6.76	5.11
EPS Growth	13.33%	-2.53%	3.29%	30.33%	32.31%	-25.57%
Dividend Per Share	3.850	3.740	3.580	3.240	2.940	2.850
Dividend Growth	4.62%	4.47%	10.49%	10.20%	3.16%	1.79%
Effective Tax Rate	15.96%	16.30%	16.06%	13.41%	9.49%	5.74%

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q