EBITDA for Cullen/Frost Bankers (CFR)
According to Cullen/Frost Bankers's latest reported financial statements, the company's current EBITDA (TTM) is $859.49M USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$859.49M
YoY change
+10.4%
5Y CAGR
+15.6%
Peak year (2025)
$859.49M
Cumulative EBITDA
$11.53B
EBITDA history chart for Cullen/Frost Bankers (CFR) from 1985 to 2025
EBITDA history table for Cullen/Frost Bankers (CFR) from 1985 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $859.49M | +10.4% | ||
| 2024 | $778.78M | -1.3% | ||
| 2023 | $788.82M | +6.6% | ||
| 2022 | $740.17M | +32.5% | ||
| 2021 | $558.83M | +34.4% | ||
| 2020 | $415.69M | -24.9% | ||
| 2019 | $553.56M | -0.9% | ||
| 2018 | $558.85M | +22.5% | ||
| 2017 | $456.18M | +17.1% | ||
| 2016 | $389.59M | +7.6% | ||
| 2015 | $361.94M | -3.7% | ||
| 2014 | $375.89M | +14.1% | ||
| 2013 | $329.35M | -4.9% | ||
| 2012 | $346.25M | +6.9% | ||
| 2011 | $323.86M | +6.6% | ||
| 2010 | $303.93M | +12.9% | ||
| 2009 | $269.21M | -18.5% | ||
| 2008 | $330.45M | -3.2% | ||
| 2007 | $341.22M | +9.9% | ||
| 2006 | $310.58M | +14.7% | ||
| 2005 | $270.73M | +15.3% | ||
| 2004 | $234.88M | +6.6% | ||
| 2003 | $220.29M | +4.1% | ||
| 2002 | $211.55M | +33.7% | ||
| 2001 | $158.19M | -23.0% | ||
| 2000 | $205.52M | +10.5% | ||
| 1999 | $186.00M | +26.7% | ||
| 1998 | $146.80M | +13.2% | ||
| 1997 | $129.70M | +19.6% | ||
| 1996 | $108.40M | +17.4% | ||
| 1995 | $92.30M | +46.0% | ||
| 1994 | $63.20M | +28.5% | ||
| 1993 | $49.20M | +42.2% | ||
| 1992 | $34.60M | +316.9% | ||
| 1991 | $8.30M | +4050.0% | ||
| 1990 | $200,000 | -98.0% | ||
| 1989 | $9.90M | +312.5% | ||
| 1988 | $2.40M | +20.0% | ||
| 1987 | $2.00M | -130.3% | ||
| 1986 | -$6.60M | -164.1% | ||
| 1985 | $10.30M | — |
EBITDA values are taken from Cullen/Frost Bankers's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Cullen/Frost Bankers (CFR) EBITDA is $859.49M – grew 10.4% year-over-year.
Through 2020–2025 (5 years), Cullen/Frost Bankers EBITDA delivered a +15.6% annualised rate; with the latest reading among the more recent periods of the dataset.
The highest annual EBITDA of $859.49M was reported in 2025. The lowest in the available history was -$6.60M in 1986.
Cullen/Frost Bankers (CFR) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $27.98B.
Cullen/Frost Bankers EBITDA by Year
Cullen/Frost Bankers EBITDA 2025: $859.49M
Cullen/Frost Bankers EBITDA in 2025 was $859.49M, grew 10.4% from 2024. This figure represents the highest annual value in the available history.
Cullen/Frost Bankers EBITDA 2024: $778.78M
Cullen/Frost Bankers EBITDA in 2024 was $778.78M, edged down 1.3% below 2023.
Cullen/Frost Bankers EBITDA 2023: $788.82M
Cullen/Frost Bankers EBITDA in 2023 was $788.82M, grew 6.6% from 2022.
Cullen/Frost Bankers EBITDA 2022: $740.17M
Cullen/Frost Bankers EBITDA in 2022 was $740.17M, surged 32.5% from 2021.
Cullen/Frost Bankers EBITDA 2021: $558.83M
Cullen/Frost Bankers EBITDA in 2021 was $558.83M.
See more financial history for Cullen/Frost Bankers (CFR).
Sector peers — EBITDA
Companies in the same sector as Cullen/Frost Bankers, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $81.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $73.02B | Financial Services |
| Bank of America Corporation (BAC) | $40.01B | Financial Services |
| Wells Fargo & Company (WFC) | $29.35B | Financial Services |
| Morgan Stanley (MS) | $26.61B | Financial Services |
| Visa Inc. (V) | $26.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $24.03B | Financial Services |
| Mastercard Incorporated (MA) | $20.19B | Financial Services |
Frequently asked questions
What is Cullen/Frost Bankers's EBITDA?
- Latest reported EBITDA for Cullen/Frost Bankers (CFR) is $859.49M (period ending December 31, 2025).
How has Cullen/Frost Bankers EBITDA changed year-over-year?
- Cullen/Frost Bankers (CFR) EBITDA changed +10.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Cullen/Frost Bankers EBITDA?
- Cullen/Frost Bankers (CFR) EBITDA compound annual growth rate is +15.6% over the most recent 5 years available.
When did Cullen/Frost Bankers EBITDA hit its highest annual value?
- Cullen/Frost Bankers EBITDA reached its highest annual value of $859.49M in 2025.
What was Cullen/Frost Bankers EBITDA in 2024?
- Cullen/Frost Bankers (CFR) EBITDA in 2024 was $778.78M.
What was Cullen/Frost Bankers EBITDA in 2025?
- Cullen/Frost Bankers (CFR) EBITDA in 2025 was $859.49M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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