• Cullen/Frost Bankers average pre-tax profit margin for 2023 was 32.08%, a 6.2% decline from 2022.
• Cullen/Frost Bankers average pre-tax profit margin for 2022 was 34.2%, a 2.06% decline from 2021.
• Cullen/Frost Bankers average pre-tax profit margin for 2021 was 33.51%, a 34.15% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.