Cullen/Frost Bankers, Inc.
Income Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Revenue | $830.4M | $821.3M |
| Cost of Revenue | — | — |
| Gross Profit | — | — |
| Gross Margin | — | — |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | — | — |
| Operating Income | $319.1M | $438.5M |
| Operating Margin | 38.4% | 53.4% |
| Interest Expense | $86.4M | $141.6M |
| Pretax Income | $232.8M | $296.9M |
| Income Tax Expense | $53.7M | $89.6M |
| Net Income | $179.0M | $207.3M |
| Net Margin | 21.6% | 25.2% |
| EPS (Basic) | $3.00 | $3.51 |
| EPS (Diluted) | $3.00 | $3.50 |
| Shares Outstanding (Basic) | 59.5M | — |
| Shares Outstanding (Diluted) | 59.5M | — |
| Dividends Per Share | $1.71 | $1.66 |