Filing Flows › Cullen/Frost Bankers (CFR) › Q1 2025
Cullen/Frost Bankers (CFR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Cullen/Frost Bankers (CFR) reported revenue of $540M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +0.7% from the quarter before. Operating margin was 33.2%, net earnings $151M (27.9% of revenue).
Cullen/Frost Bankers, Q1 2025: revenue $540M (+8% year over year), operating margin 33.2%, net earnings $151M, operating cash flow −$296M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $540M | +0.7% | +8% |
| Operating profit | $179M | -3% | +11% |
| Net earnings | $151M | -3% | +11% |
| Operating cash flow | −$296M | — | — |
What changed
Revenue was $540.2M in Q1 2025, up 8% year over year and up 1% from the previous quarter.
Operating profit was $179.1M, a 33.2% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 32% margin then. Total costs grew 6% against revenue growth of 8%. Net earnings were $150.9M, up 11% year over year. The effective tax rate was 15.7%.
Operating cash flow was −$296.1M. Non-cash charges added back $21.9M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $473.0M. Capital expenditures of $41.0M exceeded it, leaving free cash flow of −$337.1M.
Questions
What was Cullen/Frost Bankers' revenue in the first quarter 2025?
Cullen/Frost Bankers (CFR) reported revenue of $540M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +0.7% from the quarter before.
Was Cullen/Frost Bankers profitable in the first quarter 2025?
Operating profit was $179M (33.2% of revenue) and net earnings $151M.