Cullen/Frost Bankers, Inc. (CFR) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,2883,4323,3214,9144,1393,541 
Cash and cash equivalents10,2883,4323,3214,8934,1233,525 
Short-term investments   211717 
Total current assets:10,2883,4323,3214,9144,1393,541 
Noncurrent Assets
Property, plant and equipment1,0461,012552521526559443
Intangible assets, net (including goodwill)657657659660662663666
Goodwill655655655655655655654
Intangible assets, net (excluding goodwill)22457912
Total noncurrent assets:1,7021,6691,2111,1811,1881,2231,109
Other undisclosed assets30,40128,92627,76125,65324,86923,80327,169
TOTAL ASSETS:42,39134,02732,29331,74830,19628,56728,278
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,1061,7091,3691,1259708918
Total current liabilities:2,1061,7091,3691,1259708918
Noncurrent Liabilities
Other undisclosed liabilities35,99328,40727,55527,32626,22424,78625,419
Total liabilities:38,09830,11628,92428,45027,19425,67725,426
Stockholders' equity
Stockholders' equity attributable to parent4,2933,9123,3693,2983,0032,8902,851
Preferred stock145144144144144144144
Common stock1111111
Treasury stock, value(114)(152)(120)(67)(10)(111)(32)
Additional paid in capital997983967953907897886
Accumulated other comprehensive income (loss)513267(64)80(25)114142
Retained earnings2,7512,6682,4402,1871,9861,8451,710
Total stockholders' equity:4,2933,9123,3693,2983,0032,8902,851
TOTAL LIABILITIES AND EQUITY:42,39134,02732,29331,74830,19628,56728,278

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4411,3681,3091,2031,1261,0651,007
Net investment income1,0211,1341,051893788749 
Financial services revenue299309293 
Cost of revenue(241)(34)(22)(35)(52)(52)(16)
Provision for loan, lease, and other losses(241)(34)(22)
Financial services costs(35)(52)(52)(16)
Gross profit:1,2001,3341,2881,1671,0741,014991
Operating expenses(182)(644)(588)(560)(532)(516)(84)
Other operating income, net
(Noninterest Income, Other Operating Income)
48444737413632
Operating income:1,066733746645584533939
Nonoperating expense
(Investment Income, Nonoperating)
      (60)
Interest and debt expense(45)(130)(93)(27)(12)(13)(15)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (528)
Income from continuing operations before equity method investments, income taxes:1,021604653618572520336
Other undisclosed loss from continuing operations before income taxes(670)(104)(144)(210)(230)(200) 
Income from continuing operations before income taxes:351499509408341320336
Income tax expense(20)(56)(54)(44)(37)(40)(58)
Net income attributable to parent:331444455364304279278
Preferred stock dividends and other adjustments(2)(8)(8)(8)(8)(8)(8)
Other undisclosed net loss available to common stockholders, basic(6)      
Net income available to common stockholders, diluted:324436447356296271270

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:331444455364304279278
Other comprehensive income (loss)246331(153)104(138)(28)1
Comprehensive income, net of tax, attributable to parent:577775302468166251279

Statements sources

The financial statements are based on the company's filings with the 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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