Cullen/Frost Bankers (CFR) Revenue & Revenue Breakdown

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Cullen/Frost Bankers Revenue Highlights

Latest Revenue (Y)

$2.39B

Latest Revenue (Q)

$608.16M

Main Segment (Y)

Bank

Cullen/Frost Bankers Revenue by Period

Cullen/Frost Bankers Revenue by Year

Date	Revenue	Change
2024-12-31	$2.39B	23.16%
2023-12-31	$1.94B	780.77%
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 $2.39B in revenue during NA 2024, up 23.16% compared to the previous quarter, and up 174.77% 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 24	Dec 23	Dec 22	Dec 21	Dec 20
Non Banks	$-15.44M	$-13.08M	$-10.76M	$-8.52M	$-9.17M
Bank	$1.88B	$1.81B	$1.53B	$1.21B	$1.30B
Frost Wealth Advisors	$203.73M	$186.53M	$180.52M	$169.58M	$148.04M

Cullen/Frost Bankers's latest annual revenue breakdown by segment (product or service), as of Dec 24: Bank (90.88%), Frost Wealth Advisors (9.87%), and Non Banks (-0.75%).

Quarterly Revenue by Product

Product/Service	Dec 24	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
Bank	$943.32M	$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
Frost Wealth Advisors	$102.10M	$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

Cullen/Frost Bankers's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Bank (90.23%), and Frost Wealth Advisors (9.77%).

Cullen/Frost Bankers Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BOKF	BOK Financial	$2.64B	$864.71M
CFR	Cullen/Frost Bankers	$2.39B	$608.16M
UMBF	UMB Financial	$2.17B	$557.69M
CBSH	Commerce Bancshares	$1.47B	$534.97M
GBCI	Glacier Bancorp	$1.14B	$289.58M
IBTX	Independent Bank Group	$923.03M	$255.04M
HTH	Hilltop	$836.39M	$211.04M
FFBC	First Financial Ban	$796.67M	$149.04M
BANF	BancFirst	$724.14M	$187.65M
CBU	Community Bank System	$643.53M	$240.00M
FFIN	First Financial Bankshares	$628.92M	$192.05M
FBNC	First Bancorp	$519.24M	$145.66M
BFST	Business First Bancshares	$414.76M	$81.86M
EQBK	Equity Bancshares	$296.84M	$74.97M
IBCP	Independent Bank	-	$83.22M

CFR Revenue FAQ

What is Cullen/Frost Bankers’s yearly revenue?

Cullen/Frost Bankers's yearly revenue for 2024 was $2.39B, representing an increase of 23.16% compared to 2023. The company's yearly revenue for 2023 was $1.94B, representing an increase of 780.77% compared to 2022. CFR's yearly revenue for 2022 was $220.38M, representing a decrease of -83.93% compared to 2021.

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 (2022-2024) was 984.78%, and for the last 5 years (2020-2024) was 65.85%.

What are Cullen/Frost Bankers’s revenue streams?

Cullen/Frost Bankers's revenue streams in c 24 are Non Banks, Bank, and Frost Wealth Advisors. Non Banks generated $-15.443M in revenue, accounting -0.75% of the company's total revenue, up 18.07% year-over-year. Bank generated $1.88B in revenue, accounting 90.88% of the company's total revenue, up 3.40% year-over-year. Frost Wealth Advisors generated $203.73M in revenue, accounting 9.87% of the company's total revenue, up 9.22% year-over-year.

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

For the fiscal year ending Dec 24, the largest source of revenue of Cullen/Frost Bankers was Bank. This segment made a revenue of $1.88B, representing 90.88% of the company's total revenue.