How Cullen/Frost Bankers (CFR) Makes Money: A Visual Guide
Cullen/Frost Bankers (CFR) generated $2.79B in revenue, earning $668.62M in net profit (24% margin). Its largest revenue source is Bank (90.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
In TTM through Q1 2026, Cullen/Frost Bankers (CFR) generated revenue across 2 reportable product segments; the largest contributor was Bank at 90.3%, followed by Frost Wealth Advisors (9.7%).
Cullen/Frost Bankers (CFR) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending (reported ).
Cullen/Frost Bankers (CFR) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for Cullen/Frost Bankers (CFR) in TTM through Q1 2026.
Bank
- Revenue
- $2.51B
- % of total
- 90.3%
Frost Wealth Advisors
- Revenue
- $270.69M
- % of total
- 9.7%
Total
- Revenue
- $2.79B
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| Bank | $2.51B | 90.3% |
| Frost Wealth Advisors | $270.69M | 9.7% |
| Total | $2.79B | 100% |
Frequently asked questions
How does Cullen/Frost Bankers (CFR) make money?
Cullen/Frost Bankers (CFR) primarily makes money through Bank, which accounts for 90.7% of total revenue. For TTM through Q1 2026, Cullen/Frost Bankers generated $2.79B in total revenue with a net profit margin of 24%.
What is Cullen/Frost Bankers (CFR) gross profit margin?
Cullen/Frost Bankers (CFR) reported a gross profit margin of 80.1% for TTM through Q1 2026, equivalent to $2.23B in gross profit. This means Cullen/Frost Bankers retains 80.1% of each revenue unit after direct costs of production.
What is Cullen/Frost Bankers (CFR) operating profit margin?
Cullen/Frost Bankers (CFR) reported an operating profit margin of 28.5% for TTM through Q1 2026, equivalent to $795.01M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Cullen/Frost Bankers (CFR) net profit margin?
Cullen/Frost Bankers (CFR) reported a net profit margin of 24% for TTM through Q1 2026, equivalent to $668.62M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Cullen/Frost Bankers (CFR) spend on capital expenditures?
Cullen/Frost Bankers (CFR) spent $40.17M on capital expenditures in TTM through Q1 2026 (1.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Cullen/Frost Bankers (CFR) free cash flow?
Cullen/Frost Bankers (CFR) generated $767.24M in free cash flow for TTM through Q1 2026 (27.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Cullen/Frost Bankers (CFR) effective tax rate?
Cullen/Frost Bankers (CFR) had an effective tax rate of 15.9% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.
What are Cullen/Frost Bankers (CFR) main revenue segments?
Cullen/Frost Bankers (CFR) reports revenue across 2 reportable product segments, led by Bank at 90.3% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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