Cullen Frost Bankers Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	1,941	1,693	1,372	1,200	1,334	Upgrade
Revenue Growth (YoY)	14.64%	23.45%	14.27%	-10.04%	3.62%	Upgrade
Gross Profit	1,941	1,693	1,372	1,200	1,334	Upgrade
Selling, General & Admin	922.71	813.97	697.61	671.17	642.72	Upgrade
Other Operating Expenses	305.96	210.3	184.39	177.73	191.96	Upgrade
Operating Expenses	1,229	1,024	881.99	848.9	834.68	Upgrade
Operating Income	712.37	668.83	489.54	351.32	499.47	Upgrade
Pretax Income	712.37	668.83	489.54	351.32	499.47	Upgrade
Income Tax	114.4	89.68	46.46	20.17	55.87	Upgrade
Net Income	597.97	579.15	443.08	331.15	443.6	Upgrade
Preferred Dividends	6.68	6.68	7.16	7.53	8.06	Upgrade
Net Income Common	591.3	572.48	435.92	323.62	435.54	Upgrade
Net Income Growth	3.29%	31.33%	34.70%	-25.70%	-2.53%	Upgrade
Shares Outstanding (Basic)	64	64	64	63	63	Upgrade
Shares Change	-0.39%	0.92%	1.37%	0.46%	-2.16%	Upgrade
EPS (Basic)	9.11	8.84	6.79	5.11	6.89	Upgrade
EPS (Diluted)	9.10	8.81	6.76	5.10	6.84	Upgrade
EPS Growth	3.29%	30.33%	32.55%	-25.44%	-0.87%	Upgrade
Free Cash Flow	321.5	620.14	589.49	434.81	435.41	Upgrade
Free Cash Flow Per Share	5.02	9.64	9.25	6.92	6.96	Upgrade
Dividend Per Share	3.580	3.240	2.940	2.850	2.800	Upgrade
Dividend Growth	10.49%	10.20%	3.16%	1.79%	8.53%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	36.70%	39.50%	35.69%	29.27%	37.44%	Upgrade
Profit Margin	30.46%	33.81%	31.78%	26.96%	32.65%	Upgrade
Free Cash Flow Margin	16.56%	36.63%	42.98%	36.23%	32.64%	Upgrade
Effective Tax Rate	16.06%	13.41%	9.49%	5.74%	11.19%	Upgrade
EBITDA	788.82	740.17	558.83	415.69	553.56	Upgrade
EBITDA Margin	40.64%	43.72%	40.74%	34.63%	41.49%	Upgrade
Depreciation & Amortization	76.44	71.34	69.29	64.37	54.09	Upgrade
EBIT	712.37	668.83	489.54	351.32	499.47	Upgrade
EBIT Margin	36.70%	39.50%	35.69%	29.27%	37.44%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).