• Cullen/Frost Bankers average return on tangible equity for 2023 was 22.88, a 51.02% decline from 2022.
• Cullen/Frost Bankers average return on tangible equity for 2022 was 15.15, a 31.97% increase from 2021.
• Cullen/Frost Bankers average return on tangible equity for 2021 was 11.48, a 9.02% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.