Cullen/frost Bankers annual operating expenses
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2025
Cullen/frost Bankers Operating Expenses Growth & History (CFR)
Cullen/frost Bankers's operating expenses was $1.42B for fiscal 2025.
View full Cullen/frost Bankers company overviewCullen/frost Bankers annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.42B | $116.6M | +8.95% |
| 2024 | 2024-12-31 | $1.30B | $74.1M | +6.03% |
| 2023 | 2023-12-31 | $1.23B | $204.4M | +19.95% |
| 2022 | 2022-12-31 | $1.02B | $142.3M | +16.13% |
| 2021 | 2021-12-31 | $882.0M | $33.1M | +3.90% |
| 2020 | 2020-12-31 | $848.9M | $14.2M | +1.70% |
| 2019 | 2019-12-31 | $834.7M | $55.9M | +7.17% |
| 2018 | 2018-12-31 | $778.8M | $19.7M | +2.60% |
| 2017 | 2017-12-31 | $759.1M | $26.1M | +3.56% |
| 2016 | 2016-12-31 | $733.0M | $39.2M | +5.66% |
| 2015 | 2015-12-31 | $693.7M | $39.0M | +5.95% |
| 2014 | 2014-12-31 | $654.7M | $42.8M | +7.00% |
| 2013 | 2013-12-31 | $611.9M | $36.8M | +6.40% |
| 2012 | 2012-12-31 | $575.1M | $17.0M | +3.05% |
| 2011 | 2011-12-31 | $558.1M | $22.6M | +4.21% |
| 2010 | 2010-12-31 | $535.5M | $3.3M | +0.62% |
| 2009 | 2009-12-31 | $532.2M | $45.6M | +9.37% |
| 2008 | 2008-12-31 | $486.6M | — | — |
Cullen/frost Bankers quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $361.7M | $14.6M | +4.20% |
| Q1 2026 | 2026-03-31 | $365.7M | $17.6M | +5.06% |
| Q4 2025 | 2025-12-31 | $371.7M | $35.5M | +10.56% |
| Q3 2025 | 2025-09-30 | $352.5M | $29.1M | +8.99% |
| Q2 2025 | 2025-06-30 | $347.1M | $30.2M | +9.52% |
| Q1 2025 | 2025-03-31 | $348.1M | $21.8M | +6.70% |
| Q4 2024 | 2024-12-31 | $336.2M | −$29.1M | −7.96% |
| Q3 2024 | 2024-09-30 | $323.4M | $30.2M | +10.28% |
| Q2 2024 | 2024-06-30 | $317.0M | $31.9M | +11.20% |
| Q1 2024 | 2024-03-31 | $326.2M | $41.1M | +14.41% |
| Q4 2023 | 2023-12-31 | $365.2M | $83.9M | +29.84% |
| Q3 2023 | 2023-09-30 | $293.3M | $35.4M | +13.71% |
| Q2 2023 | 2023-06-30 | $285.0M | $38.7M | +15.71% |
| Q1 2023 | 2023-03-31 | $285.1M | $46.4M | +19.44% |
| Q4 2022 | 2022-12-31 | $281.3M | $42.7M | +17.90% |
| Q3 2022 | 2022-09-30 | $257.9M | $39.9M | +18.30% |
| Q2 2022 | 2022-06-30 | $246.3M | $31.1M | +14.44% |
| Q1 2022 | 2022-03-31 | $238.7M | $28.6M | +13.61% |
| Q4 2021 | 2021-12-31 | $238.6M | $15.7M | +7.04% |
| Q3 2021 | 2021-09-30 | $218.0M | $15.9M | +7.84% |
| Q2 2021 | 2021-06-30 | $215.3M | $15.6M | +7.80% |
| Q1 2021 | 2021-03-31 | $210.1M | −$14.0M | −6.25% |
| Q4 2020 | 2020-12-31 | $222.9M | $2.1M | +0.95% |
| Q3 2020 | 2020-09-30 | $202.2M | −$6.7M | −3.21% |
| Q2 2020 | 2020-06-30 | $199.7M | −$3.5M | −1.74% |
| Q1 2020 | 2020-03-31 | $224.2M | $22.4M | +11.08% |
| Q4 2019 | 2019-12-31 | $220.8M | $21.2M | +10.61% |
| Q3 2019 | 2019-09-30 | $208.9M | $15.2M | +7.85% |
| Q2 2019 | 2019-06-30 | $203.2M | $14.3M | +7.57% |
| Q1 2019 | 2019-03-31 | $201.8M | $5.2M | +2.64% |
| Q4 2018 | 2018-12-31 | $199.6M | $3.3M | +1.70% |
| Q3 2018 | 2018-09-30 | $193.7M | $6.8M | +3.66% |
| Q2 2018 | 2018-06-30 | $188.9M | $857,000 | +0.46% |
| Q1 2018 | 2018-03-31 | $196.6M | $8.7M | +4.63% |
| Q4 2017 | 2017-12-31 | $196.3M | $2.4M | +1.25% |
| Q3 2017 | 2017-09-30 | $186.8M | $6.3M | +3.50% |
| Q2 2017 | 2017-06-30 | $188.1M | $8.6M | +4.80% |
| Q1 2017 | 2017-03-31 | $187.9M | $8.8M | +4.89% |
| Q4 2016 | 2016-12-31 | $193.9M | $20.5M | +11.79% |
| Q3 2016 | 2016-09-30 | $180.5M | $4.9M | +2.81% |
| Q2 2016 | 2016-06-30 | $179.4M | $6.2M | +3.58% |
| Q1 2016 | 2016-03-31 | $179.2M | $7.6M | +4.46% |
| Q4 2015 | 2015-12-31 | $173.4M | $4.4M | +2.60% |
| Q3 2015 | 2015-09-30 | $175.6M | $11.7M | +7.15% |
| Q2 2015 | 2015-06-30 | $173.2M | $9.3M | +5.67% |
| Q1 2015 | 2015-03-31 | $171.5M | $13.6M | +8.59% |
| Q4 2014 | 2014-12-31 | $169.0M | $14.5M | +9.38% |
| Q3 2014 | 2014-09-30 | $163.9M | $12.0M | +7.92% |
| Q2 2014 | 2014-06-30 | $163.9M | $14.2M | +9.47% |
| Q1 2014 | 2014-03-31 | $157.9M | $2.1M | +1.37% |
| Q4 2013 | 2013-12-31 | $154.5M | $8.4M | +5.78% |
| Q3 2013 | 2013-09-30 | $151.8M | $7.4M | +5.10% |
| Q2 2013 | 2013-06-30 | $149.8M | $7.2M | +5.07% |
| Q1 2013 | 2013-03-31 | $155.8M | $13.8M | +9.70% |
| Q4 2012 | 2012-12-31 | $146.1M | $2.2M | +1.55% |
| Q3 2012 | 2012-09-30 | $144.4M | $7.0M | +5.13% |
| Q2 2012 | 2012-06-30 | $142.5M | $5.7M | +4.20% |
| Q1 2012 | 2012-03-31 | $142.0M | $2.0M | +1.41% |
| Q4 2011 | 2011-12-31 | $143.8M | $10.1M | +7.55% |
| Q3 2011 | 2011-09-30 | $137.4M | $4.9M | +3.66% |
| Q2 2011 | 2011-06-30 | $136.8M | $2.1M | +1.59% |
| Q1 2011 | 2011-03-31 | $140.1M | $5.5M | +4.06% |
| Q4 2010 | 2010-12-31 | $133.7M | — | — |
| Q3 2010 | 2010-09-30 | $132.6M | $318,000 | +0.24% |
| Q2 2010 | 2010-06-30 | $134.7M | −$1.6M | −1.20% |
| Q1 2010 | 2010-03-31 | $134.6M | — | — |
| Q3 2009 | 2009-09-30 | $132.2M | — | — |
| Q2 2009 | 2009-06-30 | $136.3M | — | — |
Cullen/frost Bankers operating expenses trends
Over the last five fiscal years, Cullen/frost Bankers's operating expenses increased from $848.9M to $1.42B, a change of $570.4M. The latest reported quarter, Q2 2026, shows $361.7M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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