Cullen/Frost Bankers, Inc. CFR Income Statement

Cullen/frost bankers, inc. (CFR)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest income:
Loans, including fees
741,747	669,002	534,804	458,094	433,872	440,958	415,230	401,364	397,855	409,651	432,222	504,680
Securities:
Taxable
117,082	86,370	92,979	103,025	112,601	93,087	97,873	132,432	127,072	121,402	125,084	143,360
Tax-exempt
233,842	233,358	222,620	210,918	194,793	156,618	122,031	93,412	91,672	81,311	63,362	23,684
Interest-bearing deposits
35,590	56,968	41,608	16,103	8,123	10,725	7,284	4,300	6,357	4,901	2,161	429
Federal funds sold and resell agreements
5,524	5,500	936	272	107	83	82	104	61	74	207	3,498
Total interest income
1,133,785	1,051,198	892,947	788,412	749,496	701,471	642,500	631,612	623,017	617,339	623,036	675,651
Interest expense:
Deposits
99,742	75,337	17,188	7,248	9,024	11,022	14,459	18,099	22,179	29,973	56,015	104,871
Federal funds purchased and repurchase agreements
19,675	8,021	1,522	204	167	134	121	140	312	437	1,052	12,954
Junior subordinated deferrable interest debentures
5,706	5,291	3,955	3,281	2,725	2,488	6,426	6,806	6,783	6,982	7,231	6,972
Other long-term borrowings
4,657	4,657	3,860	1,343	948	893	939	1,706	11,967	16,488	22,059	16,829
Total interest expense
129,780	93,306	26,525	12,076	12,864	14,537	21,945	26,751	41,241	53,880	86,357	141,626
Net interest income
1,004,005	957,892	866,422	776,336	736,632	686,934	620,555	604,861	581,776	563,459	536,679	534,025
Credit loss expense
33,759	21,613	35,460	51,673	51,845	16,314	20,582	10,080	27,445	43,611	65,392	37,823
Net interest income after credit loss expense
970,246	936,279	830,962	724,663	684,787	670,620	599,973	594,781	554,331	519,848	471,287	496,202
Non-interest income:
Trust and investment management fees
126,722	119,391	110,675	104,240	105,512	106,237	91,375	83,317	78,297	72,321	67,268	74,554
Service charges on deposit accounts
88,983	85,186	84,182	81,203	81,350	81,946	81,432	83,392	86,125	91,025	102,474	87,566
Insurance commissions and fees
52,345	48,967	46,169	47,154	48,926	45,115	43,140	39,948	35,421	34,015	33,096	32,904
Other charges, commissions and fees
37,123	37,231	39,931	39,623	37,551	36,180	34,185	30,180	27,750	25,380	27,699	35,557
Debt and Equity Securities, Gain (Loss)
293	-156	-4,941	14,975	69	38	1,176	4,314	6,414	6	-1,260	-159
Interchange and debit card transaction fees
14,900	13,900	23,232	21,369	19,666	18,372	16,979	16,933	29,625	30,542	-	-
Other
43,563	46,790	37,222	41,144	35,656	32,256	34,531	30,703	26,370	28,744	64,429	56,900
Total non-interest income
363,902	351,286	336,470	349,708	328,730	320,144	302,818	288,787	290,002	282,033	293,706	287,322
Non-interest expense:
Salaries and wages
375,029	350,312	337,068	318,665	310,504	292,349	273,692	258,752	252,028	239,589	230,643	225,943
Employee benefits
86,230	77,323	74,575	72,615	69,746	60,151	62,407	57,635	52,939	52,352	55,224	47,219
Net occupancy
89,466	76,788	75,971	71,627	65,690	55,745	50,468	48,975	46,968	46,166	44,188	40,464
Technology, furniture and equipment
91,995	83,102	74,335	71,208	64,373	62,087	58,443	55,279	51,469	47,651	44,223	37,799
Deposit insurance
10,126	16,397	20,128	17,428	14,519	13,232	11,682	11,087	12,714	20,451	25,812	4,597
Intangible amortization
1,200	1,400	1,700	2,429	3,325	3,520	3,141	3,896	4,387	5,125	6,537	7,906
Other
180,665	173,538	175,289	178,988	165,561	167,656	152,077	139,469	137,593	124,207	125,611	122,717
Total non-interest expense
834,679	778,884	759,069	732,960	693,718	654,740	611,910	575,093	558,098	535,541	532,238	486,645
Income before income taxes
499,469	508,681	408,363	341,411	319,799	336,024	290,881	308,475	286,235	266,340	232,755	296,879
Income taxes
55,870	53,763	44,214	37,150	40,471	58,047	53,015	70,523	68,700	57,576	53,721	89,624
Net Income (Loss) Attributable to Parent
443,599	454,918	364,149	304,261	279,328	277,977	237,866	237,952	217,535	208,764	179,034	207,255
Preferred Stock Dividends and Other Adjustments
8,063	8,063	8,063	8,063	8,063	8,063	6,719	0	0	-	-	-
Net income available to common shareholders
435,536	446,855	356,086	296,198	271,265	269,914	231,147	237,952	217,535	-	-	-
Earnings Per Share [Abstract]
Basic
6.89	6.97	5.56	4.73	4.31	4.32	3.82	3.87	3.55	3.44	3.00	3.51
Diluted
6.84	6.90	5.51	4.70	4.28	4.29	3.80	3.86	3.54	3.44	3.00	3.50