Cullen/frost Bankers, Inc. income statement

In fiscal 2025, Cullen/frost Bankers, Inc. reported revenue of $2.24bn, up 8.3% on the year before and net income of $649m, or $9.92 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cullen/frost Bankers, Inc.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	830	845	872	894	923	1,007	1,065	1,126	1,203	1,309	1,368	1,441	1,372	1,696	1,987	2,064	2,235	2,336
Interest expense	86	54	41	27	22	15	13	12	27	93	130	45	24	184	659	—	—	—
Net interest income	537	563	582	605	621	687	737	776	866	958	1,004	976	985	1,291	1,559	1,605	1,736	1,803
Non-interest income	294	282	290	289	303	320	329	350	336	351	364	465	387	405	429	459	499	533
Non-interest expense	532	536	558	575	612	655	694	733	759	779	835	849	882	1,024	1,229	1,303	1,419	1,476
Provision for credit losses	65	44	27	10	21	16	52	52	35	22	34	241	0	3	46	65	44	40
Income before tax	233	266	286	308	291	336	320	341	408	509	499	351	490	669	712	696	772	819
Income tax	54	58	69	71	53	58	40	37	44	54	56	20	46	90	114	113	123	130
Net income	179	209	218	238	238	278	279	304	364	455	444	331	443	579	598	583	649	690
Diluted EPS	$3.00	$3.44	$3.54	$3.86	$3.80	$4.29	$4.28	$4.70	$5.51	$6.90	$6.84	$5.10	$6.76	$8.81	$9.10	$8.87	$9.92	$10.98
Diluted shares (average)	60m	61m	61m	62m	61m	63m	63m	63m	65m	65m	63m	63m	64m	65m	64m	64m	64m	63m

US$ millions unless shown otherwise. Fiscal quarters.

Cullen/frost Bankers, Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	536	540	547	567	581	575	576	604
Interest expense	—	169	172	178	—	139	147	164
Net interest income	414	416	430	442	449	439	448	468
Non-interest income	123	124	117	126	132	136	128	136
Non-interest expense	336	348	347	352	372	366	362	377
Provision for credit losses	16	13	13	7	11	7	10	12
Income before tax	184	179	187	208	198	202	205	215
Income tax	29	28	30	34	32	31	32	34
Net income	155	151	157	174	166	171	172	180
Diluted EPS	$2.36	$2.30	$2.39	$2.67	$2.56	$2.65	$2.70	$2.84

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Cullen/frost Bankers, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cullen/frost Bankers, Inc.