Cullen/Frost Bankers (CFR) Revenue & Revenue Breakdown

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Cullen/Frost Bankers Revenue Highlights

Latest Revenue (Y)

$2.22B

Latest Revenue (Q)

$608.16M

Main Segment (Y)

Bank

Cullen/Frost Bankers Revenue by Period

Cullen/Frost Bankers Revenue by Year

Date	Revenue	Change
2023-12-31	$2.22B	906.31%
2022-12-31	$220.38M	-83.93%
2021-12-31	$1.37B	-4.85%
2020-12-31	$1.44B	5.38%
2019-12-31	$1.37B	4.49%
2018-12-31	$1.31B	8.84%
2017-12-31	$1.20B	6.82%
2016-12-31	$1.13B	5.70%
2015-12-31	$1.07B	5.79%
2014-12-31	$1.01B	9.07%
2013-12-31	$923.37M	3.33%
2012-12-31	$893.65M	2.51%
2011-12-31	$871.78M	3.11%
2010-12-31	$845.49M	-39.96%
2009-12-31	$1.41B	71.44%
2008-12-31	$821.35M	4.37%
2007-12-31	$786.97M	10.85%
2006-12-31	$709.91M	14.20%
2005-12-31	$621.64M	11.70%
2004-12-31	$556.55M	5.18%
2003-12-31	$529.12M	2.79%
2002-12-31	$514.74M	1.11%
2001-12-31	$509.11M	3.14%
2000-12-31	$493.63M	8.70%
1999-12-31	$454.10M	11.65%
1998-12-31	$406.70M	32.69%
1997-12-31	$306.50M	12.02%
1996-12-31	$273.60M	14.00%
1995-12-31	$240.00M	12.62%
1994-12-31	$213.10M	4.46%
1993-12-31	$204.00M	-

Cullen/Frost Bankers generated $2.22B in revenue during NA 2023, up 906.31% compared to the previous quarter, and up 169.40% compared to the same period a year ago.

Cullen/Frost Bankers Revenue by Quarter

Date	Revenue	Change
2024-09-30	$608.16M	-13.86%
2024-06-30	$706.02M	40.80%
2024-03-31	$501.43M	-0.09%
2023-12-31	$501.90M	-10.55%
2023-09-30	$561.11M	14.80%
2023-06-30	$488.79M	-3.23%
2023-03-31	$505.08M	0.19%
2022-12-31	$504.14M	971.77%
2022-09-30	$47.04M	-40.86%
2022-06-30	$79.53M	-77.31%
2022-03-31	$350.46M	0.20%
2021-12-31	$349.76M	3.08%
2021-09-30	$339.31M	-2.61%
2021-06-30	$348.40M	4.28%
2021-03-31	$334.12M	0.16%
2020-12-31	$333.58M	2.01%
2020-09-30	$327.02M	1.12%
2020-06-30	$323.41M	-29.30%
2020-03-31	$457.44M	32.07%
2019-12-31	$346.35M	1.20%
2019-09-30	$342.23M	1.83%
2019-06-30	$336.07M	-2.09%
2019-03-31	$343.25M	2.06%
2018-12-31	$336.33M	2.13%
2018-09-30	$329.32M	2.17%
2018-06-30	$322.34M	0.36%
2018-03-31	$321.19M	2.29%
2017-12-31	$313.99M	4.38%
2017-09-30	$300.83M	1.68%
2017-06-30	$295.87M	1.25%
2017-03-31	$292.21M	-0.96%
2016-12-31	$295.04M	6.66%
2016-09-30	$276.62M	3.02%
2016-06-30	$268.52M	-6.07%
2016-03-31	$285.87M	6.15%
2015-12-31	$269.29M	-0.39%
2015-09-30	$270.36M	3.27%
2015-06-30	$261.79M	-0.81%
2015-03-31	$263.92M	0.87%
2014-12-31	$261.63M	1.08%
2014-09-30	$258.84M	4.04%
2014-06-30	$248.78M	4.61%
2014-03-31	$237.82M	0.03%
2013-12-31	$237.75M	3.66%
2013-09-30	$229.34M	1.62%
2013-06-30	$225.69M	-2.13%
2013-03-31	$230.59M	0.13%
2012-12-31	$230.29M	3.41%
2012-09-30	$222.69M	1.69%
2012-06-30	$218.98M	-1.22%
2012-03-31	$221.69M	1.70%
2011-12-31	$217.98M	-2.94%
2011-09-30	$224.58M	4.39%
2011-06-30	$215.13M	0.48%
2011-03-31	$214.09M	1.06%
2010-12-31	$211.84M	-0.47%
2010-09-30	$212.85M	0.48%
2010-06-30	$211.83M	1.36%
2010-03-31	$208.98M	-7.10%
2009-12-31	$224.94M	10.55%
2009-09-30	$203.48M	0.50%
2009-06-30	$202.47M	1.49%
2009-03-31	$199.50M	-3.75%
2008-12-31	$207.28M	-2.25%
2008-09-30	$212.05M	5.02%
2008-06-30	$201.91M	0.90%
2008-03-31	$200.11M	-

Cullen/Frost Bankers generated $608.16M in revenue during Q3 2024, up -13.86% compared to the previous quarter, and up 124.42% compared to the same period a year ago.

Cullen/Frost Bankers Revenue Breakdown

Cullen/Frost Bankers Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Frost Wealth Advisors	$186.53M	$180.52M	$169.58M	$148.04M	$149.91M
Bank	$1.81B	$1.53B	$1.21B	$1.30B	-
Non Banks	$-13.08M	$-10.76M	$-8.52M	$-9.17M	$-10.81M
Banking	-	-	-	-	$1.23B

Cullen/Frost Bankers's latest annual revenue breakdown by segment (product or service), as of Dec 23: Bank (91.27%), Frost Wealth Advisors (9.39%), and Non Banks (-0.66%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Non Banks	$-3.85M	$-3.94M	-	$-2.97M	$-3.57M	$-3.25M	$-2.76M	$-2.46M	$-2.29M	$-2.27M	$-2.25M	$-2.03M	$-1.96M
Frost Wealth Advisors	$50.23M	$51.40M	$94.60M	$48.24M	$43.69M	$46.96M	$45.62M	$44.01M	$43.93M	$43.54M	$42.91M	$43.04M	$40.09M
Bank	$471.65M	$460.45M	$905.27M	$443.53M	$464.96M	$460.43M	$412.51M	$344.58M	$308.82M	$308.49M	$298.66M	$307.39M	$295.99M

Cullen/Frost Bankers's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Bank (91.05%), Frost Wealth Advisors (9.70%), and Non Banks (-0.74%).

Cullen/Frost Bankers Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
UMBF	UMB Financial	$2.38B	$557.69M
BOKF	BOK Financial	$2.34B	$864.71M
CFR	Cullen/Frost Bankers	$2.22B	$608.16M
CBSH	Commerce Bancshares	$1.97B	$534.97M
GBCI	Glacier Bancorp	$1.14B	$289.58M
FFBC	First Financial Ban	$1.12B	$149.04M
IBTX	Independent Bank Group	$923.03M	$255.04M
HTH	Hilltop	$838.38M	$211.04M
CBU	Community Bank System	$756.03M	$240.00M
BANF	BancFirst	$593.93M	$160.92M
FBNC	First Bancorp	$546.25M	$145.66M
BFST	Business First Bancshares	$386.89M	$81.86M
IBCP	Independent Bank	$294.56M	$83.22M
EQBK	Equity Bancshares	$168.08M	$74.97M
FFIN	First Financial Bankshares	-	$192.05M

CFR Revenue FAQ

What is Cullen/Frost Bankers’s yearly revenue?

Cullen/Frost Bankers's yearly revenue for 2023 was $2.22B, representing an increase of 906.31% compared to 2022. The company's yearly revenue for 2022 was $220.38M, representing a decrease of -83.93% compared to 2021. CFR's yearly revenue for 2021 was $1.37B, representing a decrease of -4.85% compared to 2020.

What is Cullen/Frost Bankers’s quarterly revenue?

Cullen/Frost Bankers's quarterly revenue for Q3 2024 was $608.16M, a -13.86% decrease from the previous quarter (Q2 2024), and a 8.38% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $706.02M, a 40.80% increase from the previous quarter (Q1 2024), and a 44.44% increase year-over-year (Q2 2023). CFR's quarterly revenue for Q1 2024 was $501.43M, a -0.09% decrease from the previous quarter (Q4 2023), and a -0.72% decrease year-over-year (Q1 2023).

What is Cullen/Frost Bankers’s revenue growth rate?

Cullen/Frost Bankers's revenue growth rate for the last 3 years (2021-2023) was 61.69%, and for the last 5 years (2019-2023) was 62.12%.

What are Cullen/Frost Bankers’s revenue streams?

Cullen/Frost Bankers's revenue streams in c 23 are Frost Wealth Advisors, Bank, and Non Banks. Frost Wealth Advisors generated $186.53M in revenue, accounting 9.39% of the company's total revenue, up 3.33% year-over-year. Bank generated $1.81B in revenue, accounting 91.27% of the company's total revenue, up 18.83% year-over-year. Non Banks generated $-13.08M in revenue, accounting -0.66% of the company's total revenue, up 21.55% year-over-year.

What is Cullen/Frost Bankers’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Cullen/Frost Bankers was Bank. This segment made a revenue of $1.81B, representing 91.27% of the company's total revenue.