Cullen/Frost Bankers, Inc. (CFR) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Cullen/Frost Bankers, Inc. (CFR) Earnings Overview
As of June 22, 2026, Cullen/Frost Bankers, Inc. (CFR) reported trailing twelve-month net income of $669M, reflecting +11.8% year-over-year growth. The company earned $10.51 per diluted share over the past four quarters, with a net profit margin of 22.2%.
Looking at the long-term picture, CFR's 5-year EPS compound annual growth rate (CAGR) stands at +14.3%, showing solid earnings momentum. The company achieved its highest annual net income of $649M in fiscal 2025, representing a new all-time high.
Cullen/Frost Bankers, Inc. maintains industry-leading profitability with a gross margin of 75.0%, operating margin of 26.4%, and net margin of 22.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BOKF ($578M net income, 17.4% margin), WTFC ($824M net income, 19.5% margin), FHN ($982M net income, 19.7% margin), CFR has outperformed on profitability metrics. Compare CFR vs BOKF →
CFR Earnings vs Peers
Earnings metrics vs comparable public companies
CFR Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $649M | +11.3% | $772M | $9.92 | 22.2% | 26.4% |
| 2024 | $583M | -2.6% | $696M | $8.87 | 20.4% | 24.4% |
| 2023 | $598M | +3.3% | $712M | $9.08 | 22.6% | 26.9% |
| 2022 | $579M | +30.7% | $669M | $8.79 | 30.8% | 35.6% |
| 2021 | $443M | +33.8% | $490M | $6.74 | 31.8% | 35.1% |
| 2020 | $331M | -25.3% | $351M | $5.09 | 22.3% | 23.6% |
| 2019 | $444M | -2.5% | $499M | $6.81 | 29.6% | 33.3% |
| 2018 | $455M | +24.9% | $509M | $6.90 | 32.4% | 36.3% |
| 2017 | $364M | +19.7% | $408M | $5.51 | 29.6% | 33.2% |
| 2016 | $304M | +8.9% | $341M | $4.70 | 26.7% | 30.0% |
| 2015 | $279M | +0.5% | $320M | $4.28 | 25.9% | 29.7% |
| 2014 | $278M | +16.9% | $336M | $4.29 | 27.2% | 32.9% |
| 2013 | $238M | -0.0% | $291M | $3.80 | 25.2% | 30.8% |
| 2012 | $238M | +9.4% | $308M | $3.86 | 25.9% | 33.5% |
| 2011 | $218M | +4.2% | $286M | $3.54 | 23.8% | 31.4% |
| 2010 | $209M | +16.6% | $266M | $3.44 | 23.2% | 29.6% |
| 2009 | $179M | -13.6% | $233M | $3.00 | 19.5% | 25.4% |
| 2008 | $207M | -2.3% | $297M | $3.50 | 21.5% | 30.8% |
| 2007 | $212M | +9.5% | $310M | $3.55 | 20.4% | 29.9% |
| 2006 | $194M | +17.0% | $285M | $3.42 | 20.9% | 30.9% |
| 2005 | $165M | +17.1% | $244M | $3.07 | 22.3% | 33.0% |
| 2004 | $141M | +8.3% | $209M | $2.66 | 22.8% | 33.8% |
| 2003 | $131M | +11.6% | $193M | $2.48 | 22.3% | 33.0% |
| 2002 | $117M | +44.6% | $180M | $2.29 | 19.8% | 30.5% |
| 2001 | $81M | -25.6% | $120M | $1.57 | 12.6% | 18.6% |
| 2000 | $109M | +11.5% | $170M | $2.03 | 16.1% | 25.1% |
| 1999 | $98M | +29.1% | $149M | $1.78 | 16.3% | 24.8% |
| 1998 | $76M | +3.6% | $118M | $1.38 | 13.4% | 20.8% |
| 1997 | $73M | +16.1% | $113M | $1.34 | 14.4% | 22.3% |
| 1996 | $63M | +35.9% | $97M | $1.16 | 14.2% | 21.9% |
| 1995 | $46M | +23.8% | $71M | $1.01 | 13.5% | 20.7% |
| 1994 | $37M | -20.6% | $58M | $0.83 | 13.2% | 20.4% |
| 1993 | $47M | +95.4% | $38M | $1.93 | 17.7% | 14.3% |
| 1992 | $24M | +11950.0% | $26M | $0.57 | 9.6% | 10.2% |
| 1991 | $200,000 | +102.4% | $800,000 | $0.01 | 0.1% | 0.3% |
| 1990 | -$8M | -403.7% | -$8M | $-0.22 | -2.5% | -2.5% |
| 1989 | $3M | - | $3M | $0.07 | 0.8% | 0.8% |
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CFR — Frequently Asked Questions
Quick answers to the most common questions about buying CFR stock.
What is CFR earnings per share (EPS)?
CFR trailing twelve-month (TTM) diluted EPS is $10.51, reflecting +11.8% year-over-year growth. The 5-year EPS CAGR is +14.3%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Cullen/Frost Bankers, Inc.'s net income?
Cullen/Frost Bankers, Inc. (CFR) trailing twelve-month net income is $669M as of 2025. Earnings grew +11.8% year-over-year. Cullen/Frost Bankers, Inc. has been profitable for 35 consecutive years.
Is CFR profitable?
Yes, CFR is profitable with a TTM net income of $669M and a net profit margin of +22.2%. Cullen/Frost Bankers, Inc. has generated profits for 35 consecutive years.
What is CFR's earnings growth rate?
CFR compound annual EPS growth rates (CAGR): 1-Year: +11.8%, 3-Year: +4.1%, 5-Year: +14.3%, 10-Year: +8.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are CFR's profit margins?
Cullen/Frost Bankers, Inc. net profit margin is +22.2%, operating margin is +26.4%, and gross margin is +75.0%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +15.3%.
Is CFR growing earnings?
CFR is growing earnings steadily. YoY EPS growth of +11.8% is consistent with the 5-year CAGR of +14.3%. TTM net income is $669M.
What was CFR's best earnings year?
Cullen/Frost Bankers, Inc.'s highest annual net income on record is $649M, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were CFR's earnings last quarter?
CFR's most recent reported quarter was Q1 2026. Net income was $171M with diluted EPS of $2.69. For a full breakdown of all quarters, see the quarterly earnings table on this page.