Cullen/Frost Bankers Inc. (CFR) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 W HOUSTON ST
SAN ANTONIO, TX 78205
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,60311,82016,54110,2883,4323,321
Cash and cash equivalents8,60311,82016,54110,2883,4323,321
Total current assets:8,60311,82016,54110,2883,4323,321
Noncurrent Assets
Property, plant and equipment1,1901,1031,0501,0461,012552
Intangible assets, net (including goodwill)  655656657657659
Goodwill  655655655655655
Intangible assets, net (excluding goodwill)  01224
Total noncurrent assets:1,1901,7581,7061,7021,6691,211
Other undisclosed assets41,05239,31432,63130,40128,92627,761
TOTAL ASSETS:50,84552,89250,87842,39134,02732,293
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4,1414,6712,7492,1061,7091,369
Total current liabilities:4,1414,6712,7492,1061,7091,369
Noncurrent Liabilities
Other undisclosed liabilities42,98845,08443,69035,99328,40727,555
Total liabilities:47,12949,75546,43938,09830,11628,924
Equity
Equity, attributable to parent3,7163,1374,4404,2933,9123,369
Preferred stock145145145145144144
Common stock111111
Treasury stock, value(24) (21)(114)(152)(120)
Additional paid in capital1,0561,0301,010997983967
Accumulated other comprehensive income (loss)(1,119)(1,348)347513267(64)
Retained earnings3,6583,3102,9572,7512,6682,440
Total equity:3,7163,1374,4404,2933,9123,369
TOTAL LIABILITIES AND EQUITY:50,84552,89250,87842,39134,02732,293

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,9871,6961,3721,4411,3681,309
Net investment income2,2181,4761,0091,0211,1341,051
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(46)(3)(0)(241)(34)(22)
Gross profit:1,9411,6931,3721,2001,3341,288
Operating expenses(227)(193)(182)(182)(644)(588)
Other operating income, net
(Noninterest Income, Other Operating Income)
554549484447
Operating income:1,7691,5451,2381,066733746
Interest and debt expense(659)(184)(24)(45)(130)(93)
Income from continuing operations before equity method investments, income taxes:1,1101,3601,2151,021604653
Other undisclosed loss from continuing operations before income taxes(398)(692)(725)(670)(104)(144)
Income from continuing operations before income taxes:712669490351499509
Income tax expense(114)(90)(46)(20)(56)(54)
Income from continuing operations:598579443331444455
Income before gain (loss) on sale of properties:443331444455
Net income attributable to parent:598579443331444455
Preferred stock dividends and other adjustments(7)(7)(7)(2)(8)(8)
Other undisclosed net loss available to common stockholders, basic    (6)  
Net income available to common stockholders, diluted:591572436324436447

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:598579443331444455
Other comprehensive income (loss)229(1,696)(166)246331(153)
Comprehensive income (loss), net of tax, attributable to parent:827(1,116)277577775302

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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