Cullen/Frost Bankers (CFR) Revenue & Revenue Breakdown
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 | $524.84M |
| GBCI | Glacier Bancorp | $1.14B | $289.58M |
| FFBC | First Financial Ban | $1.12B | $314.22M |
| IBTX | Independent Bank Group | $923.03M | $255.04M |
| HTH | Hilltop | $838.38M | $211.04M |
| CBU | Community Bank System | $756.03M | $230.56M |
| BANF | BancFirst | $593.93M | $152.18M |
| FBNC | First Bancorp | $546.25M | $143.42M |
| BFST | Business First Bancshares | $386.89M | $81.86M |
| IBCP | Independent Bank | $294.56M | $81.63M |
| EQBK | Equity Bancshares | $168.08M | $84.01M |
| 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.