Cullen/Frost Bankers (CFR) Revenue & Revenue Breakdown

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Cullen/Frost Bankers Revenue Highlights

Latest Revenue (Y)

$2.24B

Latest Revenue (Q)

$620.11M

Main Segment (Y)

Bank

Cullen/Frost Bankers Revenue by Period

Cullen/Frost Bankers Revenue by Year

Date	Revenue	Change
2025-12-31	$2.24B	-21.56%
2024-12-31	$2.85B	7.69%
2023-12-31	$2.65B	40.72%
2022-12-31	$1.88B	34.76%
2021-12-31	$1.40B	-6.12%
2020-12-31	$1.49B	-0.75%
2019-12-31	$1.50B	6.79%
2018-12-31	$1.40B	14.08%
2017-12-31	$1.23B	8.02%
2016-12-31	$1.14B	5.55%
2015-12-31	$1.08B	5.54%
2014-12-31	$1.02B	8.07%
2013-12-31	$945.32M	2.71%
2012-12-31	$920.40M	0.81%
2011-12-31	$913.02M	1.52%
2010-12-31	$899.37M	-1.89%
2009-12-31	$916.74M	-4.80%
2008-12-31	$962.97M	-7.15%
2007-12-31	$1.04B	12.15%
2006-12-31	$924.71M	24.93%
2005-12-31	$740.21M	19.65%
2004-12-31	$618.65M	5.88%
2003-12-31	$584.31M	-1.11%
2002-12-31	$590.87M	-8.33%
2001-12-31	$644.56M	-4.86%
2000-12-31	$677.50M	13.12%
1999-12-31	$598.90M	6.08%
1998-12-31	$564.60M	11.63%
1997-12-31	$505.80M	13.94%
1996-12-31	$443.90M	84.96%
1995-12-31	$240.00M	12.62%
1994-12-31	$213.10M	4.46%
1993-12-31	$204.00M	-

Cullen/Frost Bankers generated $2.24B in revenue during NA 2025, up -21.56% compared to the previous quarter, and up 150.37% compared to the same period a year ago.

Cullen/Frost Bankers Revenue by Quarter

Date	Revenue	Change
2025-09-30	$620.11M	-13.78%
2025-06-30	$719.23M	1.42%
2025-03-31	$709.13M	-1.99%
2024-12-31	$723.52M	0.23%
2024-09-30	$721.87M	2.03%
2024-06-30	$707.48M	1.52%
2024-03-31	$696.88M	0.58%
2023-12-31	$692.83M	3.86%
2023-09-30	$667.07M	3.28%
2023-06-30	$645.86M	0.84%
2023-03-31	$640.46M	4.96%
2022-12-31	$610.21M	20.08%
2022-09-30	$508.15M	25.62%
2022-06-30	$404.53M	13.11%
2022-03-31	$357.65M	0.48%
2021-12-31	$355.94M	3.05%
2021-09-30	$345.42M	-2.50%
2021-06-30	$354.28M	4.25%
2021-03-31	$339.85M	-0.11%
2020-12-31	$340.23M	1.63%
2020-09-30	$334.77M	0.65%
2020-06-30	$332.60M	-30.55%
2020-03-31	$478.89M	28.28%
2019-12-31	$373.31M	-0.58%
2019-09-30	$375.50M	1.27%
2019-06-30	$370.77M	-1.94%
2019-03-31	$378.11M	2.66%
2018-12-31	$368.32M	3.35%
2018-09-30	$356.37M	3.89%
2018-06-30	$343.02M	2.46%
2018-03-31	$334.77M	6.62%
2017-12-31	$313.99M	4.38%
2017-09-30	$300.83M	1.68%
2017-06-30	$295.87M	1.25%
2017-03-31	$292.21M	-0.96%
2016-12-31	$295.04M	6.66%
2016-09-30	$276.62M	3.02%
2016-06-30	$268.52M	-6.07%
2016-03-31	$285.87M	6.15%
2015-12-31	$269.29M	-0.39%
2015-09-30	$270.36M	3.27%
2015-06-30	$261.79M	-0.81%
2015-03-31	$263.92M	0.87%
2014-12-31	$261.63M	1.08%
2014-09-30	$258.84M	4.04%
2014-06-30	$248.78M	4.61%
2014-03-31	$237.82M	0.03%
2013-12-31	$237.75M	3.66%
2013-09-30	$229.34M	1.62%
2013-06-30	$225.69M	-2.13%
2013-03-31	$230.59M	0.13%
2012-12-31	$230.29M	3.41%
2012-09-30	$222.69M	1.69%
2012-06-30	$218.98M	-1.22%
2012-03-31	$221.69M	1.70%
2011-12-31	$217.98M	-2.94%
2011-09-30	$224.58M	4.39%
2011-06-30	$215.13M	0.48%
2011-03-31	$214.09M	1.06%
2010-12-31	$211.84M	-0.47%
2010-09-30	$212.85M	0.48%
2010-06-30	$211.83M	1.36%
2010-03-31	$208.98M	-7.10%
2009-12-31	$224.94M	10.55%
2009-09-30	$203.48M	0.50%
2009-06-30	$202.47M	1.49%
2009-03-31	$199.50M	-3.75%
2008-12-31	$207.28M	-2.25%
2008-09-30	$212.05M	5.02%
2008-06-30	$201.91M	0.90%
2008-03-31	$200.11M	-

Cullen/Frost Bankers generated $620.11M in revenue during Q3 2025, up -13.78% compared to the previous quarter, and up 87.65% compared to the same period a year ago.

Cullen/Frost Bankers Revenue Breakdown

Cullen/Frost Bankers Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Non Banks	$-13.26M	$-15.44M	$-13.08M	$-10.76M	$-8.52M
Frost Wealth Advisors	$217.35M	$203.73M	$186.53M	$180.52M	$169.58M
Bank	$2.03B	$1.88B	$1.81B	$1.53B	$1.21B

Cullen/Frost Bankers's latest annual revenue breakdown by segment (product or service), as of Dec 25: Bank (90.87%), Frost Wealth Advisors (9.72%), and Non Banks (-0.59%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21
Non Banks	-	$-3.22M	$-3.22M	$-3.66M	-	$-3.85M	$-3.94M	-	$-2.97M	$-3.57M	$-3.25M	$-2.76M	$-2.46M	$-2.29M	$-2.27M	$-2.25M	$-2.03M	$-1.96M
Bank	$527.94M	$515.46M	$496.40M	$491.36M	$943.32M	$471.65M	$460.45M	$905.27M	$443.53M	$464.96M	$460.43M	$412.51M	$344.58M	$308.82M	$308.49M	$298.66M	$307.39M	$295.99M
Frost Wealth Advisors	$56.09M	$55.03M	$53.69M	$52.54M	$102.10M	$50.23M	$51.40M	$94.60M	$48.24M	$43.69M	$46.96M	$45.62M	$44.01M	$43.93M	$43.54M	$42.91M	$43.04M	$40.09M

Cullen/Frost Bankers's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Bank (90.40%), and Frost Wealth Advisors (9.60%).

Cullen/Frost Bankers Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ZION	Zions Bancorporation, National Association	$4.94B	$1.25B
UMBF	UMB Financial	$4.44B	$600.16M
BPOP	Popular	$4.43B	$1.16B
WTFC	Wintrust Financial	$4.23B	$1.09B
ONB	Old National Bancorp	$3.71B	$1.02B
BOKF	BOK Financial	$3.33B	$210.71M
PNFP	Pinnacle Financial Partners	$2.70B	$544.80M
CFR	Cullen/Frost Bankers	$2.24B	$620.11M
CBSH	Commerce Bancshares	$2.14B	$374.11M
WAL	Western Alliance Ban	-	$1.30B

CFR Revenue FAQ

What is Cullen/Frost Bankers’s yearly revenue?

Cullen/Frost Bankers's yearly revenue for 2025 was $2.24B, representing a decrease of -21.56% compared to 2024. The company's yearly revenue for 2024 was $2.85B, representing an increase of 7.69% compared to 2023. CFR's yearly revenue for 2023 was $2.65B, representing an increase of 40.72% compared to 2022.

What is Cullen/Frost Bankers’s quarterly revenue?

Cullen/Frost Bankers's quarterly revenue for Q3 2025 was $620.1M, a -13.78% decrease from the previous quarter (Q2 2025), and a -14.10% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $719.23M, a 1.42% increase from the previous quarter (Q1 2025), and a 1.66% increase year-over-year (Q2 2024). CFR's quarterly revenue for Q1 2025 was $709.13M, a -1.99% decrease from the previous quarter (Q4 2024), and a 1.76% increase year-over-year (Q1 2024).

What is Cullen/Frost Bankers’s revenue growth rate?

Cullen/Frost Bankers's revenue growth rate for the last 3 years (2023-2025) was -15.53%, and for the last 5 years (2021-2025) was 60.18%.

What are Cullen/Frost Bankers’s revenue streams?

Cullen/Frost Bankers's revenue streams in c 25 are Non Banks, Frost Wealth Advisors, and Bank. Non Banks generated $-13.259M in revenue, accounting -0.59% of the company's total revenue, down -14.14% year-over-year. Frost Wealth Advisors generated $217.35M in revenue, accounting 9.72% of the company's total revenue, up 6.68% year-over-year. Bank generated $2.03B in revenue, accounting 90.87% of the company's total revenue, up 8.30% year-over-year.

What is Cullen/Frost Bankers’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Cullen/Frost Bankers was Bank. This segment made a revenue of $2.03B, representing 90.87% of the company's total revenue.