TTM
$795.01M
YoY change
+10.9%
5Y CAGR
+17.0%
Peak year (2025)
$771.70M
Cumulative operating income
$10.37B
Operating Income history chart for Cullen/Frost Bankers (CFR) from 1985 to 2025
Latest: $771.70M
Operating Income growth chart for Cullen/Frost Bankers (CFR) from 1985 to 2025
Latest: +10.9%
Operating Income history table for Cullen/Frost Bankers (CFR) from 1985 to 2025
| 2025 | $771.70M | +10.9% | +$75.73M | ||
| 2024 | $695.97M | -2.3% | −$16.41M | ||
| 2023 | $712.37M | +6.5% | +$43.55M | ||
| 2022 | $668.83M | +36.6% | +$179.29M | ||
| 2021 | $489.54M | +39.3% | +$138.22M | ||
| 2020 | $351.32M | -29.7% | −$148.15M | ||
| 2019 | $499.47M | -1.8% | −$9.21M | ||
| 2018 | $508.68M | +24.6% | +$100.32M | ||
| 2017 | $408.36M | +19.6% | +$66.95M | ||
| 2016 | $341.41M | +6.8% | +$21.61M | ||
| 2015 | $319.80M | -4.8% | −$16.23M | ||
| 2014 | $336.02M | +15.5% | +$45.14M | ||
| 2013 | $290.88M | -5.7% | −$17.59M | ||
| 2012 | $308.48M | +7.8% | +$22.24M | ||
| 2011 | $286.24M | +7.5% | +$19.89M | ||
| 2010 | $266.34M | +14.4% | +$33.59M | ||
| 2009 | $232.75M | -21.6% | −$64.12M | ||
| 2008 | $296.88M | -4.2% | −$12.98M | ||
| 2007 | $309.86M | +8.6% | +$24.45M | ||
| 2006 | $285.41M | +16.8% | +$41.02M | ||
| 2005 | $244.39M | +16.9% | +$35.37M | ||
| 2004 | $209.02M | +8.6% | +$16.48M | ||
| 2003 | $192.54M | +6.9% | +$12.49M | ||
| 2002 | $180.05M | +50.2% | +$60.20M | ||
| 2001 | $119.86M | -29.5% | −$50.16M | ||
| 2000 | $170.01M | +14.4% | +$21.41M | ||
| 1999 | $148.60M | +26.3% | +$30.90M | ||
| 1998 | $117.70M | +4.5% | +$5.10M | ||
| 1997 | $112.60M | +15.7% | +$15.30M | ||
| 1996 | $97.30M | +36.5% | +$26.00M | ||
| 1995 | $71.30M | +23.8% | +$13.70M | ||
| 1994 | $57.60M | +51.6% | +$19.60M | ||
| 1993 | $38.00M | +47.3% | +$12.20M | ||
| 1992 | $25.80M | +3125.0% | +$25.00M | ||
| 1991 | $800.00K | -110.0% | +$8.80M | ||
| 1990 | −$8.00M | -375.9% | −$10.90M | ||
| 1989 | $2.90M | +20.8% | +$500.00K | ||
| 1988 | $2.40M | +20.0% | +$400.00K | ||
| 1987 | $2.00M | -130.3% | +$8.60M | ||
| 1986 | −$6.60M | -164.1% | −$16.90M | ||
| 1985 | $10.30M | — | — |
- 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$800.00K-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 (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Cullen/Frost Bankers (CFR)
According to Cullen/Frost Bankers's latest reported financial statements, the company's current operating income (TTM) is $795.01M. 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 .
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 mixed annual results across the window.
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 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
2024's operating income for Cullen/Frost Bankers came in at $695.97M, edged down 2.3% below 2023.
Cullen/Frost Bankers Operating Income 2023: $712.37M
Cullen/Frost Bankers posted operating income of $712.37M in 2023, grew 6.5% from 2022.
Cullen/Frost Bankers Operating Income 2022: $668.83M
In 2022, Cullen/Frost Bankers reported operating income of $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 by Operating Income
Financial Services peers of Cullen/Frost Bankers (CFR), ranked by their latest operating income
| $72.59B | |
| $58.88B | |
| $37.70B | |
| $25.20B | |
| $23.99B | |
| $21.95B | |
| $21.85B | |
| $19.40B |
- $72.59B
- $58.88B
- $37.70B
- $25.20B
- $23.99B
- $21.95B
- $21.85B
- $19.40B
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