Cullen/Frost Bankers, Inc. (CFR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CFR Revenue Growth
Revenue Breakdown (FY 2025)
CFR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CFR Revenue Analysis (2014–2025)
As of May 8, 2026, Cullen/Frost Bankers, Inc. (CFR) generated trailing twelve-month (TTM) revenue of $2.79 billion, reflecting significant decline in growth of -18.5% year-over-year. The most recent quarter (Q1 2026) recorded $578.0 million in revenue, down 22.5% sequentially.
Looking at the longer-term picture, CFR's 5-year compound annual growth rate (CAGR) stands at +14.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.92 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CFR's business is primarily driven by Bank (91%), Frost Wealth Advisors (10%), and Non Banks (-1%). With over half of revenue concentrated in Bank, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including BOKF, WTFC, and FHN. Compare CFR vs BOKF →
CFR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CFRCurrent | $2.8B | -18.5% | +14.5% | 26.4% | |
 BOKF | $3.4B | - | - | 19.8% | |
 WTFC | $4.2B | - | - | 26.4% | |
 FHN | $5.0B | - | - | 25.7% | |
 SNV | $3.4B | - | - | 17.7% | |
 IBOC | $1.1B | - | - | 49.4% |
CFR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.92B | - | $2.19B | 75.0% | $771.7M | 26.4% |
| 2024 | $2.85B | - | $2.00B | 70.1% | $696.0M | 24.4% |
| 2023 | $2.65B | - | $1.94B | 73.4% | $712.4M | 26.9% |
| 2022 | $1.88B | - | $1.69B | 90.0% | $668.8M | 35.6% |
| 2021 | $1.40B | - | $1.37B | 98.3% | $489.5M | 35.1% |
| 2020 | $1.49B | - | $1.20B | 80.7% | $351.3M | 23.6% |
| 2019 | $1.50B | - | $1.33B | 89.1% | $499.5M | 33.3% |
| 2018 | $1.40B | - | $1.29B | 91.8% | $508.7M | 36.3% |
| 2017 | $1.23B | - | $1.17B | 95.0% | $408.4M | 33.2% |
| 2016 | $1.14B | - | $1.07B | 94.4% | $341.4M | 30.0% |
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Start ComparisonCFR — Frequently Asked Questions
Quick answers to the most common questions about buying CFR stock.
Is CFR's revenue growth accelerating or slowing?
CFR revenue declined -18.5% year-over-year, contrasting with the 5-year CAGR of +14.5%. TTM revenue fell to $2.8B. This reverses the prior growth trend.
What is CFR's long-term revenue growth rate?
Cullen/Frost Bankers, Inc.'s 5-year revenue CAGR of +14.5% reflects the variable expansion pattern. Current YoY growth of -18.5% is below this long-term average.
How is CFR's revenue distributed by segment?
CFR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.