Cullen/Frost Bankers
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Cullen/Frost Bankers's past years’ income statements indicate that its last revenue has increased compared to the previous period by 781% to $1,941,035,000. The net income raised on $597,973,000 and profit margin reached 31%. Total operating expenses were $971,314,000.
Profit Margin
| 2014 | 1.00B | 277.97M | 27.6% |
|---|---|---|---|
| 2015 | 1.06B | 279.32M | 26.22% |
| 2016 | 1.12B | 304.26M | 27.02% |
| 2017 | 1.20B | 364.14M | 30.27% |
| 2018 | 1.30B | 454.91M | 34.75% |
| 2019 | 1.36B | 443.59M | 32.43% |
| 2020 | 1.44B | 331.15M | 22.97% |
| 2021 | 1.37B | 443.07M | 32.3% |
| 2022 | 220.38M | 579.15M | 262.8% |
| 2023 | 1.94B | 597.97M | 30.81% |
CFR Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.94B | 220.38M | 1.37B | 1.44B | 1.36B | 1.30B | 1.20B | 1.12B | 1.06B | 1.00B |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 1.94B | 220.38M | 1.37B | 1.44B | 1.36B | 1.30B | 1.20B | 1.12B | 1.06B | 1.00B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 48.60M | 39.99M | 34.53M | 34.39M | 38.00M | 32.51M | 29.33M | 27.67M | 28.85M | 28.99M |
Total operating expenses | 971.31M | 88.60M | -882.05M | -1.09B | -868.43M | -707.19M | -721.89M | -772.55M | -694.06M | -620.34M |
Operating income | 712.37M | 1.01B | 489.53M | 351.32M | 499.46M | 601.98M | 480.99M | 353.48M | 371.29M | 386.73M |
Other income (expenses), net | 0 | -346.02M | 489.53M | -143.34M | 499.46M | -93.30M | -167.78M | -12.07M | -154.54M | -155.41M |
Income before tax | 712.37M | 668.82M | 489.53M | 351.32M | 499.46M | 508.68M | 408.36M | 341.41M | 319.79M | 336.02M |
Income tax expense | 114.4M | 89.67M | 46.45M | 20.17M | 55.87M | 53.76M | 44.21M | 37.15M | 40.47M | 58.04M |
Net income | 597.97M | 579.15M | 443.07M | 331.15M | 443.59M | 454.91M | 364.14M | 304.26M | 279.32M | 277.97M |
Earnings per share | ||||||||||
Basic EPS | 8.91 | 8.84 | 6.79 | 5.11 | 6.88 | 7.14 | 5.56 | 4.73 | 4.31 | 4.32 |
Diluted EPS | 9.08 | 8.79 | 6.74 | 5.09 | 6.81 | 7.03 | 5.51 | 4.7 | 4.28 | 4.29 |
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