Cullen/Frost Bankers, Inc. (CFR) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,4323,3214,9144,1393,541 4,556
Cash and cash equivalents3,4323,3214,8934,1233,525 4,556
Short-term investments  211717  
Total current assets:3,4323,3214,9144,1393,541 4,556
Noncurrent Assets
Property, plant and equipment1,012552521526559443313
Intangible assets, net (including goodwill)657659660662663666543
Goodwill655655655655655654537
Intangible assets, net (excluding goodwill)24579126
Total noncurrent assets:1,6691,2111,1811,1881,2231,109856
Other undisclosed assets28,92627,76125,65324,86923,80327,16918,900
TOTAL ASSETS:34,02732,29331,74830,19628,56728,27824,313
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,7091,3691,12597089187
Total current liabilities:1,7091,3691,12597089187
Noncurrent Liabilities
Other undisclosed liabilities28,40727,55527,32626,22424,78625,41921,792
Total liabilities:30,11628,92428,45027,19425,67725,42621,799
Stockholders' equity
Stockholders' equity attributable to parent3,9123,3693,2983,0032,8902,8512,514
Preferred stock144144144144144144144
Common stock1111111
Treasury stock, value(152)(120)(67)(10)(111)(32)(71)
Additional paid in capital983967953907897886724
Accumulated other comprehensive income (loss)267(64)80(25)114142140
Retained earnings2,6682,4402,1871,9861,8451,7101,575
Total stockholders' equity:3,9123,3693,2983,0032,8902,8512,514
TOTAL LIABILITIES AND EQUITY:34,02732,29331,74830,19628,56728,27824,313

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3681,3091,2031,1261,0651,007923
Net investment income1,1341,051893788749  
Financial services revenue299309293  
Cost of revenue(34)(22)(35)(52)(52)(16)(21)
Provision for loan, lease, and other losses(34)(22)
Financial services costs(35)(52)(52)(16)(21)
Gross profit:1,3341,2881,1671,0741,014991903
Operating expenses(644)(588)(560)(532)(516)(84)(81)
Other operating income, net
(Noninterest Income, Other Operating Income)
44473741363235
Operating income:733746645584533939857
Nonoperating income (expense)
(Investment Income, Nonoperating)
     (60)0
Interest and debt expense(130)(93)(27)(12)(13)(15)(22)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (528)(544)
Income from continuing operations before equity method investments, income taxes:604653618572520336291
Other undisclosed loss from continuing operations before income taxes(104)(144)(210)(230)(200)  
Income from continuing operations before income taxes:499509408341320336291
Income tax expense(56)(54)(44)(37)(40)(58)(53)
Net income attributable to parent:444455364304279278238
Preferred stock dividends and other adjustments(8)(8)(8)(8)(8)(8)(7)
Net income available to common stockholders, diluted:436447356296271270231

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:444455364304279278238
Other comprehensive income (loss)331(153)104(138)(28)1(98)
Comprehensive income, net of tax, attributable to parent:775302468166251279140

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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