← CULLEN/FROST BANKERS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.1b |
$1.2b
+6.82%
|
$1.3b
+8.84%
|
$1.4b
+4.49%
|
$1.4b
+5.38%
|
$1.4b
-4.85%
|
$1.7b
+23.66%
|
$2.0b
+17.16%
|
$2.1b
+3.85%
|
$2.2b
+8.31%
|
$2.3b
+2.85%
|
|
| Interest Income (Expense), Net | $776.3m |
$866.4m
+11.60%
|
$957.9m
+10.56%
|
$1.0b
+4.81%
|
$976.0m
-2.79%
|
$984.9m
+0.91%
|
$1.3b
+31.11%
|
$1.6b
+20.71%
|
$1.6b
+2.95%
|
$1.7b
+8.20%
|
$2.4b
+38.61%
|
|
| Marketing and Advertising Expense | $27.7m | $29.3m | $32.5m | $38.0m | $34.4m | $34.5m | $40.0m | $48.6m | $51.4m | $56.9m | — | |
| Labor and Related Expense | — | — | — | — | $387.3m | $395.5m | $492.1m | $547.7m | $621.4m | $674.6m | — | |
| Amortization of Intangible Assets | $2.4m | $1.7m | $1.4m | $1.2m | $918k | $697k | $480k | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | — | $45.6m | $47.7m | $50.5m | $49.7m | $51.9m | — | |
| Noninterest expense: | ||||||||||||
| Interest Expense | $12.1m | $26.5m | $93.3m | $129.8m | $45.0m | $23.9m | $184.4m | $659.1m | — | — | $629.8m | |
| Interest Expense, Securities Sold under Agreements to Repurchase | — | — | — | — | — | $2.2m | $34.4m | $136.0m | $141.8m | $137.9m | $629.8m | |
| Total interest expense | — | — | — | — | — | — | — | — | $786.0m | $684.6m | — | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($156k) | $293k | $109.0m | $69k | $0 | $66k | ($96k) | ($850k) | — | |
| Debt Securities, Trading, Gain (Loss) | — | — | — | — | — | $939k | $2.9m | $3.8m | $4.8m | $5.6m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $341.4m | $408.4m | $508.7m | $499.5m | $351.3m | $489.5m | $668.8m | $712.4m | $696.0m | $771.7m | $812.9m | |
| Current Income Tax Expense (Benefit) | $48.7m | $58.7m | $840k | $48.3m | $36.0m | $38.7m | $94.6m | $129.2m | $125.0m | $117.8m | $129.3m | |
| Income Tax Expense (Benefit) | $37.1m | $44.2m | $53.8m | $55.9m | $20.2m | $46.5m | $89.7m | $114.4m | $113.4m | $123.1m | $129.3m | |
| Net Income (Loss) Attributable to Parent | $304.3m |
$364.1m
+19.68%
|
$454.9m
+24.93%
|
$443.6m
-2.49%
|
$331.2m
-25.35%
|
$443.1m
+33.80%
|
$579.1m
+30.71%
|
$598.0m
+3.25%
|
$582.5m
-2.58%
|
$648.6m
+11.33%
|
$669.4m
+3.22%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $296.2m |
$356.1m
+20.22%
|
$446.9m
+25.49%
|
$435.5m
-2.53%
|
$323.6m
-25.70%
|
$435.9m
+34.70%
|
$572.5m
+31.33%
|
$591.3m
+3.29%
|
$575.9m
-2.61%
|
$641.9m
+11.46%
|
$669.4m
+4.29%
|
|
| Preferred Stock Dividends and Other Adjustments | $8.1m | $8.1m | $8.1m | $8.1m | $2.0m | $7.2m | $6.7m | $6.7m | $6.7m | $6.7m | $6.7m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $1.1m | $2.0m | $3.2m | $3.7m | $3.1m | $3.9m | $5.2m | $6.3m | $6.2m | $6.4m | — | |
| Earnings Per Share, Basic | $4.73 | $5.56 | $6.97 | $6.89 | $5.11 | $6.79 | $8.84 | $9.11 | $8.88 | $9.92 | $10.58 | |
| Earnings Per Share, Diluted | $4.70 | $5.51 | $6.90 | $6.84 | $5.10 | $6.76 | $8.81 | $9.10 | $8.87 | $9.92 | $10.58 | |
| Preferred Stock, Dividends Per Share, Declared | $1.34 | $1.34 | $1.34 | $1.34 | $0.34 | $47.71 | $44.50 | $44.50 | $44.50 | $44.50 | $6,675,000.00 | |
| Weighted Average Number of Shares Outstanding, Basic | 62.4m | 63.7m | 63.7m | 62.7m | 62.7m | 63.6m | 64.2m | 64.2m | 64.1m | 64.1m | 63.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 63.0m | 64.7m | 64.7m | 63.4m | 63.0m | 64.1m | 64.5m | 64.4m | 64.3m | 64.1m | 63.3m | |
| Additional Financial Items | ||||||||||||
| Equipment Expense | $71.2m | $74.3m | $83.1m | $92.0m | $105.2m | $112.7m | $120.8m | $135.3m | $148.5m | $165.7m | — | |
| Depreciation, Depletion and Amortization, Nonproduction | $48.2m | $47.8m | $50.2m | $54.1m | $64.4m | $69.3m | $71.3m | $76.4m | $82.8m | $87.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.