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Income Statement - CULLEN/FROST BANKERS, INC. (CFR)

$(Billion, Million)
Dec-25 Dec-24 Dec-23 Dec-22 Dec-21 Dec-20 Dec-19 Dec-18 Dec-17 Dec-16 Dec-15 Dec-14 Dec-13 Dec-12 Dec-11 Dec-10 Dec-09 Dec-08 Dec-07 Dec-06
Total revenue 2,919.84 2,849.74 1,987.21 1,880.54 1,395.50 1,486.49 1,497.69 1,402.48 1,229.42 1,138.12 1,078.23 1,021.62 945.32 920.40 913.02 899.37 916.74 962.97 1,037.08 924.71
Cost of revenue 728.80 851.01 -230.51 187.44 23.97 286.26 163.54 114.99 61.99 63.75 64.71 30.85 42.53 36.83 68.69 97.49 151.75 179.45 264.77 228.95
Gross profit 2,191.04 1,998.73 2,217.72 1,693.10 1,371.53 1,200.23 1,334.15 1,287.49 1,167.43 1,074.37 1,013.52 990.76 902.79 883.57 844.33 801.88 764.99 783.52 772.31 695.76
Total operating expenses + 1,419.34 1,302.76 -1,505.34 1,024.27 881.99 848.90 834.68 778.81 759.07 732.96 693.72 654.74 611.91 575.09 558.10 535.54 532.24 486.65 462.45 410.35
Operating income 771.70 695.97 712.37 668.83 489.54 351.32 499.47 508.68 408.36 341.41 319.80 336.02 290.88 308.48 286.24 266.34 232.76 296.88 309.86 285.41
Non-operating income (net) 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
Income before tax 771.70 695.97 712.37 668.83 489.54 351.32 499.47 508.68 408.36 341.41 319.80 336.02 290.88 308.48 286.24 266.34 232.76 296.88 309.86 285.41
Income tax expense 123.15 113.43 114.40 89.68 46.46 20.17 55.87 53.76 44.21 37.15 40.47 58.05 53.02 70.52 68.70 57.58 53.72 89.62 97.79 91.82
Net income 648.56 582.54 597.97 579.15 443.08 331.15 443.60 454.92 364.15 304.26 279.33 277.98 237.87 237.95 217.54 208.76 179.03 207.26 212.07 193.59
Show Quarterly Income Statement

Income Statement - CULLEN/FROST BANKERS, INC. (CFR)

$(Billion, Million)
Mar-26 Dec-25 Sep-25 Jun-25 Mar-25 Dec-24 Sep-24 Jun-24 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Dec-17 Sep-17 Jun-17 Mar-17 Dec-16 Sep-16 Jun-16 Mar-16 Dec-15 Sep-15 Jun-15 Mar-15 Dec-14 Sep-14 Jun-14 Mar-14 Dec-13 Sep-13 Jun-13 Mar-13 Dec-12 Sep-12 Jun-12 Mar-12 Dec-11 Sep-11 Jun-11 Mar-11 Dec-10 Sep-10 Jun-10 Mar-10 Dec-09 Sep-09 Jun-09 Mar-09 Dec-08 Sep-08 Jun-08 Mar-08 Dec-07 Sep-07 Jun-07 Mar-07 Dec-06 Sep-06 Jun-06 Mar-06
Total revenue 574.84 745.92 745.56 719.23 709.13 723.52 721.87 707.48 696.88 692.83 667.07 645.86 640.46 610.21 508.15 404.53 357.65 355.95 345.42 354.28 339.85 340.23 334.77 332.60 478.90 373.31 375.50 370.78 378.11 368.32 356.37 343.02 334.77 324.37 309.20 300.35 295.49 298.30 279.60 271.47 288.75 272.26 273.47 264.91 267.59 265.47 262.41 252.54 241.20 242.41 234.84 231.53 236.54 236.68 229.32 225.56 228.84 226.17 234.00 226.93 225.93 224.45 226.12 225.25 223.55 242.61 224.98 225.23 223.92 236.62 243.99 236.44 245.93 254.75 265.63 257.04 259.65 241.80 236.97 229.00 217.87
Cost of revenue 6.75 176.27 185.08 185.48 181.97 203.34 223.21 215.36 209.10 206.91 186.83 166.96 144.48 109.07 52.78 18.39 7.19 6.18 6.11 5.88 5.79 20.41 28.05 41.16 196.66 35.31 41.27 41.11 45.86 35.76 29.70 28.93 20.52 18.48 19.36 12.91 11.24 12.20 8.03 12.14 31.38 36.96 9.92 6.00 11.83 8.23 4.30 8.35 9.97 10.56 10.61 9.41 11.95 10.51 9.13 8.93 8.26 8.19 18.43 20.79 21.28 23.90 23.37 22.07 28.15 39.92 38.44 39.36 34.03 37.89 50.88 40.86 49.83 61.19 70.03 66.15 67.40 64.15 59.59 56.88 48.33
Gross profit 568.09 569.65 560.49 533.75 527.16 520.18 498.65 492.12 487.78 485.92 480.24 478.89 495.98 501.14 455.37 386.14 350.46 349.76 339.31 348.40 334.05 319.83 306.72 291.44 282.24 338.00 334.23 329.67 332.25 332.56 326.67 314.09 314.25 305.89 289.85 287.44 284.26 286.10 271.58 259.33 257.37 235.29 263.55 258.92 255.76 257.23 258.11 244.19 231.23 231.85 224.24 222.12 224.59 226.17 220.19 216.63 220.59 217.98 215.57 206.14 204.64 200.55 202.75 203.18 195.41 202.69 186.54 185.87 189.90 198.73 193.11 195.58 196.10 193.57 195.60 190.89 192.26 177.66 177.38 172.13 169.54
Total operating expenses + 365.69 371.67 352.48 347.13 348.07 336.17 323.41 316.96 326.22 365.22 293.26 285.04 285.14 281.30 257.90 246.35 238.73 238.60 218.00 215.25 210.14 222.91 202.15 199.68 224.16 220.81 208.86 203.21 201.80 199.70 193.67 188.91 196.61 196.28 186.82 188.05 187.92 193.85 180.51 179.45 179.16 173.40 175.57 173.24 171.51 169.00 163.85 163.95 157.94 154.52 151.82 149.76 155.81 146.07 144.45 142.54 142.04 143.83 137.41 136.80 140.06 133.74 132.55 134.65 134.59 134.22 132.23 136.29 129.50 123.54 122.97 120.09 120.04 114.15 113.57 112.64 122.09 107.02 103.61 100.19 100.47
Operating income 202.41 197.98 208.01 186.62 179.10 184.01 175.24 175.15 161.56 120.70 186.98 193.85 210.84 219.84 197.47 139.79 111.73 111.17 121.31 133.15 123.91 96.92 104.57 91.76 58.08 117.19 125.37 126.46 130.45 132.86 133.00 125.18 117.64 109.61 103.02 99.39 96.34 92.25 91.07 79.89 78.21 61.90 87.98 85.68 84.25 88.23 94.26 80.25 73.28 77.33 72.41 72.36 68.78 80.10 75.74 74.09 78.55 74.15 78.16 69.34 64.58 66.81 70.19 68.52 60.81 68.47 54.31 49.58 60.40 75.19 70.14 75.49 76.06 79.42 82.03 78.25 70.17 70.63 73.77 71.93 69.07
Non-operating income (net) 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 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 0.00 0.00 0.00
Income before tax 202.41 197.98 208.01 186.62 179.10 184.01 175.24 175.15 161.56 120.70 186.98 193.85 210.84 219.84 197.47 139.79 111.73 111.17 121.31 133.15 123.91 96.92 104.57 91.76 58.08 117.19 125.37 126.46 130.45 132.86 133.00 125.18 117.64 109.61 103.02 99.39 96.34 92.25 91.07 79.89 78.21 61.90 87.98 85.68 84.25 88.23 94.26 80.25 73.28 77.33 72.41 72.36 68.78 80.10 75.74 74.09 78.55 74.15 78.16 69.34 64.58 66.81 70.19 68.52 60.81 68.47 54.31 49.58 60.40 75.19 70.14 75.49 76.06 79.42 82.03 78.25 70.17 70.63 73.77 71.93 69.07
Income tax expense 31.42 31.73 33.63 29.62 28.17 29.16 28.74 29.65 25.87 18.15 31.33 31.73 33.19 28.67 27.71 20.67 12.63 10.15 13.33 15.08 7.90 8.65 9.52 -1.31 3.32 13.51 13.53 14.87 13.96 13.61 15.16 13.84 11.16 9.08 9.89 13.84 11.40 8.53 10.85 8.38 9.39 3.66 12.13 12.60 12.08 15.53 16.88 13.54 12.10 14.76 11.97 12.69 13.59 19.91 17.07 16.03 17.51 18.74 23.65 13.66 12.65 13.76 15.20 15.62 12.99 16.98 9.61 11.72 15.41 22.22 21.17 22.94 23.28 24.72 25.57 24.62 22.89 22.27 23.77 23.38 22.39
Net income 170.99 166.25 174.38 157.00 150.92 154.85 146.50 145.50 135.69 102.55 155.65 162.12 177.65 191.17 169.76 119.11 99.10 101.02 107.98 118.07 116.02 88.27 95.06 93.07 54.75 103.68 111.84 111.59 116.50 119.25 117.84 111.34 106.48 100.52 93.13 85.55 84.94 83.72 80.22 71.48 68.78 58.24 75.85 73.08 72.16 72.70 77.62 66.47 61.19 62.57 60.44 59.66 55.19 60.19 58.67 58.06 61.03 55.41 54.51 55.69 51.93 53.05 55.00 52.90 47.82 51.49 44.70 37.86 44.98 52.96 48.97 52.55 52.78 54.70 56.46 53.63 47.28 48.36 50.00 48.55 46.68
about 21 hours ago