Cullen/Frost Bankers, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.13B | $1.07B | $1.01B | $923.4M | $893.6M | $871.8M | $845.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $434.9M | $353.5M | $332.7M | $350.6M | $312.8M | $335.2M | $327.5M | $320.2M |
| Operating Margin | 36.2% | 31.4% | 31.2% | 34.8% | 33.9% | 37.5% | 37.6% | 37.9% |
| Interest Expense | $26.5M | $12.1M | $12.9M | $14.5M | $21.9M | $26.8M | $41.2M | $53.9M |
| Pretax Income | $408.4M | $341.4M | $319.8M | $336.0M | $290.9M | $308.5M | $286.2M | $266.3M |
| Income Tax Expense | $44.2M | $37.2M | $40.5M | $58.0M | $53.0M | $70.5M | $68.7M | $57.6M |
| Net Income | $364.1M | $304.3M | $279.3M | $278.0M | $237.9M | $238.0M | $217.5M | $208.8M |
| Net Margin | 30.3% | 27.0% | 26.2% | 27.6% | 25.8% | 26.6% | 25.0% | 24.7% |
| EPS (Basic) | $5.56 | $4.73 | $4.31 | $4.32 | $3.82 | $3.87 | $3.55 | $3.44 |
| EPS (Diluted) | $5.51 | $4.70 | $4.28 | $4.29 | $3.80 | $3.86 | $3.54 | $3.44 |
| Shares Outstanding (Basic) | 63.7M | 62.4M | 62.8M | 62.1M | 60.4M | 61.3M | 61.1M | 60.4M |
| Shares Outstanding (Diluted) | 64.7M | 63.0M | 63.5M | 63.0M | 61.1M | 61.6M | 61.3M | 60.6M |
| Dividends Per Share | $2.25 | $2.15 | $2.10 | $2.03 | $1.98 | $1.90 | $1.83 | $1.78 |