Cullen/Frost Bankers, Inc. Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 65.39M43.61M27.45M10.08M20.58M16.31M51.84M51.67M35.46M21.68M33.76M241.23M0.06M3.00M46.17M64.98M
Revenue 830.38M845.49M871.78M893.65M923.37M1,007.08M1,065.36M1,126.04M1,202.89M85.19M88.98M80.87M83.29M91.89M93.50M106.23M
Interest income
Interest income - Loans 432.22M409.65M397.86M401.36M415.23M440.96M433.87M458.09M534.80M669.00M741.75M680.06M674.61M770.39M1,189.38M1,375.44M
Interest income - Investments 96.78M108.06M128.67M143.62M144.64M114.44M126.38M141.38M149.67M223.37M234.53M298.88M219.39M51.71M279.68M262.21M
Interest Income - Debt Securities 125.61M124.21M137.59M139.47M152.08M167.66M165.56M178.99M175.29M173.47M180.66M166.31M172.15M249.80M406.29M396.22M
Interest Income - Deposits 2.16M4.90M6.36M4.30M7.28M10.72M8.12M16.10M41.61M56.97M35.59M12.89M17.88M216.37M376.01M397.41M
Interest Income - Fed Funds 0.21M0.07M0.06M0.10M0.08M0.08M0.11M0.27M0.94M5.50M5.26M0.72M0.03M0.95M4.62M3.11M
Interest Income - Total 623.04M617.34M623.02M631.61M642.50M701.47M749.50M788.41M892.95M1,051.20M1,133.79M1,021.03M1,008.77M1,475.72M2,217.72M2,390.64M
Interest expenses
Interest Expense - Deposits 56.02M29.97M22.18M18.10M14.46M11.02M9.02M7.25M17.19M75.34M99.74M32.02M14.52M140.48M508.25M629.11M
Interest Expense - Debt 7.23M6.98M6.78M6.81M6.43M2.49M2.73M3.28M3.96M5.29M5.71M4.66M4.66M4.66M8.65M8.87M
Interest Expense - Fed Funds 1.05M0.44M0.31M0.14M0.12M0.13M0.17M0.20M1.52M8.02M19.33M4.38M2.21M34.44M135.97M141.83M
Interest Expense - Others 22.06M16.49M11.97M1.71M0.94M0.89M0.95M1.34M3.86M4.66M4.66M
Interest Expenses 86.36M53.88M41.24M26.75M21.95M14.54M12.86M12.08M26.52M93.31M129.78M45.03M23.90M184.44M659.05M786.02M
Interest Income - Net 536.68M563.46M581.78M604.86M620.55M686.93M736.63M776.34M866.42M957.89M1,004.00M976.00M984.87M1,291.28M1,558.66M1,604.61M
Non-interest income
Interest Income - Total 471.29M519.85M554.33M594.78M599.97M670.62M684.79M724.66M830.96M936.21M970.25M734.77M984.80M1,288.28M1,512.49M1,539.63M
Financial Services Fees 33.10M34.02M35.42M39.95M43.14M45.12M48.93M47.15M46.17M48.97M52.34M50.31M51.55M53.21M58.27M61.27M
Service Charges 102.47M91.03M86.12M83.39M81.43M81.95M81.35M81.20M84.18M85.19M88.98M
Investment Gain (Loss) -1.26M0.01M6.41M4.31M1.18M0.04M0.07M14.97M-4.94M-0.16M0.29M108.99M0.07M0.07M-0.10M
Income - Trust 67.27M72.32M78.30M83.32M91.38M106.24M105.51M104.24M110.67M119.39M126.72M129.27M148.99M154.68M153.31M165.27M
Card Income 30.54M29.62M16.93M16.98M18.37M19.67M21.37M23.23M13.88M14.87M13.47M17.46M18.23M19.42M21.02M
Trading Income 1.99M1.83M1.59M1.06M0.45M0.83M1.06M1.08M1.36M1.92M2.00M1.19M
Other Non-Interest Income 64.43M53.42M56.69M33.04M44.80M32.26M35.66M48.33M47.80M46.79M43.56M47.71M48.53M45.22M76.59M52.06M
Non-Interest Income 293.71M282.03M290.00M288.79M302.82M320.14M328.73M349.71M336.47M351.29M363.90M465.45M386.73M404.82M428.54M459.10M
Operating Items
Amortization - Intangibles 63.36M81.31M91.67M93.41M122.03M156.62M194.79M210.92M222.62M233.36M233.84M233.61M226.68M237.63M240.13M218.18M
Depreciation & Amortization - Total 44.22M47.65M51.47M55.28M58.44M62.09M64.37M71.21M74.33M83.10M92.00M105.23M112.74M120.77M135.29M148.49M
Research & Development 10.35M11.49M13.05M
Wages, Salaries and Other 230.64M239.59M252.03M258.75M273.69M292.35M310.50M318.67M337.07M350.31M375.03M387.33M395.50M492.10M547.72M621.39M
Rent Expense 44.19M46.17M46.97M48.98M50.47M55.74M65.69M71.63M75.97M76.79M89.47M102.94M107.34M112.50M124.40M128.75M
Other Operating Expenses 443.83M431.37M448.17M457.79M503.00M536.91M563.65M590.12M608.76M618.92M653.22M640.73M661.91M791.01M968.98M1,025.52M
Operating Expenses 532.24M535.54M558.10M575.09M611.91M654.74M693.72M732.96M759.07M778.81M834.68M848.90M881.99M1,024.27M1,228.66M1,302.76M
Operating Income 81.46M93.22M100.18M107.97M
EBIT 81.46M93.22M100.18M107.97M312.83M350.56M332.66M353.49M434.89M601.99M629.25M396.36M513.44M853.26M1,371.42M1,481.99M
Non-operating items
Interest & Investment Income 0.17M0.10M0.31M
Net income details
EBT 232.75M266.34M286.24M308.48M290.88M336.02M319.80M341.41M408.36M508.68M499.47M351.32M489.54M668.83M712.37M695.97M
Tax Provisions 63.58M57.58M68.70M70.52M53.02M58.05M40.47M37.15M44.21M53.76M55.87M20.17M46.46M89.68M114.40M113.42M
Profit After Tax 179.03M208.76M217.53M237.95M237.87M277.98M279.33M304.26M364.15M454.92M443.60M331.15M443.08M579.15M597.97M582.54M
Equity Income 92.61M109.99M96.69M
Income from Continuing Operations 169.18M208.76M217.53M237.95M237.87M277.98M279.33M304.26M364.15M454.92M443.60M331.15M443.08M579.15M597.97M582.54M
Consolidated Net Income 169.18M208.76M217.53M237.95M237.87M277.98M279.33M304.26M364.15M454.92M443.60M331.15M443.08M579.15M597.97M582.54M
Income towards Parent Company 169.18M208.76M217.53M237.95M237.87M277.98M279.33M304.26M364.15M454.92M443.60M331.15M443.08M579.15M597.97M582.54M
Preferred Dividend Payments 6.72M8.06M8.06M8.06M8.06M8.06M8.06M5.51M7.16M6.67M6.67M6.67M
Net Income towards Common Stockholders 169.18M208.76M217.53M237.95M231.15M269.91M271.26M296.20M356.09M446.86M435.54M323.62M435.92M572.48M591.30M575.87M
Additional items
EPS (Basic) 3.003.443.553.873.824.324.314.735.566.976.895.116.798.849.118.88
EPS (Weighted Average and Diluted) 3.003.443.543.863.804.294.284.705.516.906.845.106.768.819.108.87
Shares Outstanding (Weighted Average) 59.94M60.94M61.25M61.46M63.94M62.57M62.85M63.72M64.30M64.05M64.13M
Tax Rate 27.31%21.62%24.00%22.86%18.23%17.27%12.66%10.88%10.83%10.57%11.19%5.74%9.49%13.41%16.06%16.30%