Operating Income for Cullen/Frost Bankers (CFR)
According to Cullen/Frost Bankers's latest reported financial statements, the company's current operating income (TTM) is $771.70M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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TTM (last 4 quarters)
$771.70M
YoY change
+10.9%
5Y CAGR
+17.0%
Peak year (2025)
$771.70M
Cumulative operating income
$10.17B
Operating Income history chart for Cullen/Frost Bankers (CFR) from 1985 to 2025
Operating Income history table for Cullen/Frost Bankers (CFR) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $771.70M | +10.9% | ||
| 2024 | $695.97M | -2.3% | ||
| 2023 | $712.37M | +6.5% | ||
| 2022 | $668.83M | +36.6% | ||
| 2021 | $489.54M | +39.3% | ||
| 2020 | $351.32M | -29.7% | ||
| 2019 | $499.47M | -1.8% | ||
| 2018 | $508.68M | +24.6% | ||
| 2017 | $408.36M | +19.6% | ||
| 2016 | $341.41M | +6.8% | ||
| 2015 | $319.80M | -4.8% | ||
| 2014 | $336.02M | +15.5% | ||
| 2013 | $290.88M | -5.7% | ||
| 2012 | $308.48M | +7.8% | ||
| 2011 | $286.24M | +7.5% | ||
| 2010 | $266.34M | +14.4% | ||
| 2009 | $232.75M | -21.6% | ||
| 2008 | $296.88M | -4.2% | ||
| 2007 | $309.86M | +8.6% | ||
| 2006 | $285.41M | +16.8% | ||
| 2005 | $244.39M | +16.9% | ||
| 2004 | $209.02M | +8.6% | ||
| 2003 | $192.54M | +6.9% | ||
| 2002 | $180.05M | +50.2% | ||
| 2001 | $119.86M | -29.5% | ||
| 2000 | $170.01M | +14.4% | ||
| 1999 | $148.60M | +26.3% | ||
| 1998 | $117.70M | +4.5% | ||
| 1997 | $112.60M | +15.7% | ||
| 1996 | $97.30M | +36.5% | ||
| 1995 | $71.30M | +23.8% | ||
| 1994 | $57.60M | +51.6% | ||
| 1993 | $38.00M | +47.3% | ||
| 1992 | $25.80M | +3125.0% | ||
| 1991 | $800,000 | -110.0% | ||
| 1990 | -$8.00M | -375.9% | ||
| 1989 | $2.90M | +20.8% | ||
| 1988 | $2.40M | +20.0% | ||
| 1987 | $2.00M | -130.3% | ||
| 1986 | -$6.60M | -164.1% | ||
| 1985 | $10.30M | — |
Operating Income 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
As of the 2025 fiscal year, Cullen/Frost Bankers (CFR) reported operating income of $771.70M – grew 10.9% year-over-year.
Over 2020–2025 (5 years), Cullen/Frost Bankers operating income expanded at a +17.0% compound annual rate, with the latest reading among the more recent periods of the dataset.
The highest annual operating income of $771.70M was reported in 2025. The lowest in the available history was -$8.00M in 1990.
Cullen/Frost Bankers (CFR) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $24.60B.
Cullen/Frost Bankers Operating Income by Year
Cullen/Frost Bankers Operating Income 2025: $771.70M
Cullen/Frost Bankers operating income in 2025 was $771.70M, grew 10.9% from 2024. This figure represents the highest annual value in the available history.
Cullen/Frost Bankers Operating Income 2024: $695.97M
Cullen/Frost Bankers operating income in 2024 was $695.97M, edged down 2.3% below 2023.
Cullen/Frost Bankers Operating Income 2023: $712.37M
Cullen/Frost Bankers operating income in 2023 was $712.37M, grew 6.5% from 2022.
Cullen/Frost Bankers Operating Income 2022: $668.83M
Cullen/Frost Bankers operating income in 2022 was $668.83M, surged 36.6% from 2021.
Cullen/Frost Bankers Operating Income 2021: $489.54M
Cullen/Frost Bankers operating income in 2021 was $489.54M.
See more financial history for Cullen/Frost Bankers (CFR).
Sector peers — Operating Income
Companies in the same sector as Cullen/Frost Bankers, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Cullen/Frost Bankers's operating income?
- Latest reported operating income for Cullen/Frost Bankers (CFR) is $771.70M (period ending December 31, 2025).
How has Cullen/Frost Bankers operating income changed year-over-year?
- Cullen/Frost Bankers (CFR) operating income changed +10.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Cullen/Frost Bankers operating income?
- Cullen/Frost Bankers (CFR) operating income compound annual growth rate is +17.0% over the most recent 5 years available.
When did Cullen/Frost Bankers operating income hit its highest annual value?
- Cullen/Frost Bankers operating income reached its highest annual value of $771.70M in 2025.
What was Cullen/Frost Bankers operating income in 2024?
- Cullen/Frost Bankers (CFR) operating income in 2024 was $695.97M.
What was Cullen/Frost Bankers operating income in 2025?
- Cullen/Frost Bankers (CFR) operating income in 2025 was $771.70M.
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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