Cullen/Frost Bankers, Inc. CFR Income Statement

Cullen/frost bankers, inc. (CFR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income:
Loans, including fees
172,137	179,757	186,870	189,848	185,272	181,334	172,333	164,133	151,202	142,731	138,400	131,073	122,600	117,791	114,368	113,349	112,586	109,014	111,087	108,105	105,666	109,960	116,078	110,605	104,315	105,509	104,349	103,316	102,056	104,034	101,643	98,336	97,351	99,819	99,737	99,811	98,488	101,753	102,874	102,512	102,512	107,578	109,512
Securities:
Taxable
26,030	29,957	32,122	30,324	24,679	23,285	21,339	21,188	20,558	20,947	23,203	23,527	25,302	25,623	25,897	25,531	25,974	26,994	27,518	27,917	30,172	26,715	22,855	22,114	21,403	22,004	23,007	25,485	27,377	29,876	32,091	34,399	36,066	34,130	30,089	31,668	31,185	29,877	30,968	31,482	29,075	30,214	32,105
Tax-exempt
58,886	58,775	57,328	58,596	59,143	60,149	59,200	57,298	56,711	55,299	54,939	55,435	56,947	56,610	53,065	50,910	50,333	50,676	49,518	48,053	46,546	43,450	39,635	37,969	35,564	33,985	31,402	28,690	27,954	25,501	23,283	22,125	22,503	22,643	23,127	23,169	22,733	20,912	20,380	20,310	19,709	16,989	15,285
Interest-bearing deposits
8,125	8,364	8,759	7,828	10,639	14,512	14,445	13,917	14,094	14,896	10,800	9,076	6,836	4,737	4,111	3,602	3,653	2,380	1,937	1,836	1,970	2,680	2,960	2,681	2,404	2,356	2,077	1,498	1,353	1,352	1,115	903	930	1,903	1,811	1,472	1,171	1,619	1,438	989	855	692	261
Federal funds sold and resell agreements
802	1,201	1,194	1,541	1,588	1,925	1,399	1,415	761	422	244	163	107	107	48	59	58	38	28	21	20	20	20	23	20	15	16	29	22	29	27	33	15	17	15	13	16	15	28	21	10	17	62
Total interest income
265,980	278,054	286,273	288,137	281,321	281,205	268,716	257,951	243,326	234,295	227,586	219,274	211,792	204,868	197,489	193,451	192,604	189,102	190,088	185,932	184,374	182,825	181,548	173,392	163,706	163,869	160,851	159,018	158,762	160,792	158,159	155,796	156,865	158,512	154,779	156,133	153,593	154,176	155,688	155,314	152,161	155,490	157,225
Interest expense:
Deposits
16,053	20,087	25,637	26,844	27,174	24,923	22,201	17,575	10,638	7,479	5,668	2,173	1,868	1,939	1,749	1,773	1,787	1,948	2,138	2,182	2,756	2,903	2,991	2,567	2,561	3,047	3,522	3,882	4,008	4,382	4,598	4,547	4,572	4,976	5,306	5,946	5,951	6,701	7,334	7,377	8,561	13,593	14,804
Federal funds purchased and repurchase agreements
3,037	4,399	5,040	5,220	5,016	4,464	2,292	631	634	673	523	187	139	52	44	52	56	54	39	38	36	38	35	34	27	32	30	29	30	35	37	34	34	35	63	83	131	147	116	116	58	243	298
Junior subordinated deferrable interest debentures
1,205	1,305	1,425	1,478	1,498	1,444	1,394	1,311	1,142	1,065	1,020	962	908	889	839	803	750	709	689	672	655	667	659	601	561	1,353	1,710	1,690	1,673	1,710	1,711	1,711	1,674	1,710	1,710	1,691	1,672	1,685	1,741	1,783	1,773	1,814	1,818
Other long-term borrowings
1,164	1,165	1,164	1,164	1,164	1,165	1,164	1,164	1,164	1,164	1,164	1,164	368	385	350	321	287	252	241	231	224	225	222	224	222	229	236	236	238	260	281	287	878	1,468	2,339	4,080	4,080	4,080	4,081	4,142	4,185	5,851	5,841
Total interest expense
21,459	26,956	33,266	34,706	34,852	31,996	27,051	20,681	13,578	10,381	8,375	4,486	3,283	3,265	2,982	2,949	2,880	2,963	3,107	3,123	3,671	3,833	3,907	3,426	3,371	4,661	5,498	5,837	5,949	6,387	6,627	6,579	7,158	8,189	9,418	11,800	11,834	12,613	13,272	13,418	14,577	21,501	22,761
Net interest income
244,521	251,098	253,007	253,431	246,469	249,209	241,665	237,270	229,748	223,914	219,211	214,788	208,509	201,603	194,507	190,502	189,724	186,139	186,981	182,809	180,703	178,992	177,641	169,966	160,335	159,208	155,353	153,181	152,813	154,405	151,532	149,217	149,707	150,323	145,361	144,333	141,759	141,563	142,416	141,896	137,584	133,989	134,464
Credit loss expense
175,197	8,355	8,001	6,400	11,003	3,767	2,650	8,251	6,945	8,102	10,980	8,426	7,952	8,939	5,045	9,189	28,500	34,000	6,810	2,873	8,162	4,400	390	4,924	6,600	5,899	5,108	3,575	6,000	4,125	2,500	2,355	1,100	0	9,010	8,985	9,450	11,290	10,100	8,650	13,571	16,940	16,601
Net interest income after credit loss expense
69,324	242,743	245,006	247,031	235,466	245,442	239,015	229,019	222,803	215,812	208,231	206,362	200,557	192,664	189,462	181,313	161,224	152,139	180,171	179,936	172,541	174,592	177,251	165,042	153,735	153,309	150,245	149,606	146,813	150,280	149,032	146,862	148,607	150,323	136,351	135,348	132,309	130,273	132,316	133,246	124,013	117,049	117,863
Non-interest income:
Trust and investment management fees
34,473	32,928	31,649	30,448	31,697	29,882	30,801	29,121	29,587	28,985	27,493	27,727	26,470	26,434	26,451	26,021	25,334	26,289	25,590	26,472	27,161	27,271	26,807	26,748	25,411	24,237	22,692	22,561	21,885	20,543	20,843	21,279	20,652	18,861	19,652	20,313	19,471	21,292	17,029	17,037	16,963	16,755	16,875
Service charges on deposit accounts
22,651	23,454	22,941	21,798	20,790	21,632	21,569	21,142	20,843	21,248	20,967	21,198	20,769	20,434	20,540	19,865	20,364	20,686	20,854	20,033	19,777	20,691	20,819	20,462	19,974	20,602	20,742	20,044	20,044	21,162	20,797	20,639	20,794	21,475	22,072	21,328	21,250	16,311	24,980	24,925	24,809	26,395	25,152
Insurance commissions and fees
16,485	12,138	11,683	10,118	18,406	11,394	11,037	10,556	15,980	11,728	10,892	9,728	13,821	11,342	11,029	9,360	15,423	12,398	11,763	10,130	14,635	10,818	11,348	9,823	13,126	10,433	10,371	9,266	13,070	8,436	9,964	9,171	12,377	7,450	9,569	7,908	10,494	6,777	8,588	7,512	11,138	8,505	7,106
Other charges, commissions and fees
9,365	9,020	10,108	8,933	9,062	9,371	9,580	9,273	9,007	9,948	10,493	9,898	9,592	9,798	10,703	10,069	9,053	8,981	10,016	10,113	8,441	9,619	9,804	8,550	8,207	8,586	9,266	8,578	7,755	7,740	7,265	7,825	7,350	7,125	6,572	6,825	7,228	2,724	7,708	8,029	6,919	6,845	6,288
Debt and Equity Securities, Gain (Loss)
108,989	28	96	169	0	-43	-34	-60	-19	-24	-4,867	-50	0	109	-37	0	14,903	-107	-52	0	228	3	33	2	0	1,179	-14	6	5	4,435	0	370	-491	0	6,409	0	5	0	0	1	5	-	49
Interchange and debit card transaction fees
3,255	3,635	4,117	3,868	3,280	3,797	3,499	3,446	3,158	6,082	5,884	5,692	5,574	5,531	5,435	5,381	5,022	5,075	5,031	4,917	4,643	4,783	4,719	4,627	4,243	4,324	4,376	4,268	4,011	4,330	4,194	4,292	4,117	4,166	8,719	8,695	8,045	-	-	-	-	-	-
Other
17,697	14,079	8,630	7,304	13,550	11,108	11,205	11,588	12,889	12,108	10,753	6,887	7,474	19,786	7,993	7,321	6,044	9,833	10,176	7,317	8,330	9,457	7,332	8,938	6,529	9,177	6,558	7,786	11,010	9,241	8,095	6,187	7,180	8,583	6,224	5,723	5,840	-7,368	12,125	12,428	11,559	10,991	12,536
Total non-interest income
212,915	95,255	89,224	82,638	96,785	87,118	87,657	85,066	91,445	90,075	81,615	81,080	83,700	93,434	82,114	78,017	96,143	83,155	83,378	78,982	83,215	82,642	80,862	79,150	77,490	78,538	73,991	72,509	77,780	75,887	71,158	69,763	71,979	67,660	79,217	70,792	72,333	70,278	70,430	69,932	71,393	69,491	68,006
Non-interest expense:
Salaries and wages
98,812	97,951	93,812	90,790	92,476	90,878	87,547	85,204	86,683	89,173	84,388	80,995	82,512	81,851	79,411	78,106	79,297	78,247	79,552	76,633	76,072	77,903	73,756	70,473	70,217	72,201	68,524	66,502	66,465	67,442	64,984	62,624	63,702	66,126	61,697	61,775	62,430	60,744	59,743	58,827	60,275	58,591	56,540
Employee benefits
24,889	21,651	21,002	20,051	23,526	19,066	18,355	17,907	21,995	17,022	17,730	18,198	21,625	16,754	17,844	17,712	20,305	15,970	16,210	17,339	20,227	13,318	14,639	14,806	17,388	14,798	14,989	14,629	17,991	12,867	14,019	14,048	16,701	12,574	12,004	13,050	15,311	12,458	12,698	12,675	14,521	13,445	13,783
Net occupancy
25,384	24,864	24,202	21,133	19,267	17,699	19,894	19,455	19,740	18,190	19,391	19,153	19,237	17,996	18,202	18,242	17,187	16,800	17,380	16,429	15,081	15,010	14,049	13,733	12,953	12,750	13,094	12,645	11,979	11,772	13,193	12,213	11,797	11,413	12,080	11,823	11,652	11,197	12,197	11,637	11,135	11,111	10,864
Technology, furniture and equipment
25,240	25,759	22,415	22,157	21,664	21,960	21,004	20,459	19,679	19,352	18,743	18,250	17,990	17,734	17,979	17,978	17,517	16,904	16,286	15,649	15,534	15,849	16,078	15,207	14,953	14,643	14,629	14,986	14,185	13,932	14,193	13,734	13,420	13,454	13,106	12,628	12,281	12,335	12,165	11,662	11,489	11,133	10,662
Deposit insurance
2,624	2,374	2,491	2,453	2,808	2,219	4,694	4,605	4,879	4,781	4,862	5,570	4,915	5,016	4,558	4,197	3,657	3,667	3,676	3,563	3,613	3,549	3,421	3,145	3,117	3,037	2,921	2,835	2,889	3,159	2,593	2,838	2,497	2,773	2,583	2,598	4,760	4,918	4,661	5,429	5,443	4,643	11,667
Intangible amortization
257	296	274	305	325	307	336	369	388	399	405	438	458	560	586	619	664	766	816	849	894	996	1,052	783	689	753	780	788	820	918	973	994	1,011	1,052	1,108	1,107	1,120	1,217	1,276	1,299	1,333	1,564	1,719
Other
46,957	47,943	44,668	46,320	41,734	47,544	41,838	40,909	43,247	47,360	41,304	45,447	41,178	53,940	41,925	42,591	40,532	41,045	41,649	42,777	40,090	42,376	40,856	45,800	38,624	36,333	36,886	37,373	41,485	35,977	34,495	36,085	32,912	36,441	34,829	33,816	32,507	30,872	29,812	33,125	30,398	31,747	31,054
Total non-interest expense
224,163	220,806	208,864	203,209	201,800	199,697	193,668	188,908	196,611	196,280	186,823	188,051	187,915	193,851	180,505	179,445	179,159	173,399	175,569	173,239	171,511	169,001	163,851	163,947	157,941	154,515	151,823	149,758	155,814	146,067	144,450	142,536	142,040	143,833	137,407	136,797	140,061	133,741	132,552	134,654	134,594	132,234	136,289
Income before income taxes
58,076	117,192	125,366	126,460	130,451	132,863	133,004	125,177	117,637	109,607	103,023	99,391	96,342	92,247	91,071	79,885	78,208	61,895	87,980	85,679	84,245	88,233	94,262	80,245	73,284	77,332	72,413	72,357	68,779	80,100	75,740	74,089	78,546	74,150	78,161	69,343	64,581	66,810	70,194	68,524	60,812	54,306	49,580
Income taxes
3,323	13,511	13,530	14,874	13,955	13,610	15,160	13,836	11,157	9,083	9,892	13,838	11,401	8,528	10,852	8,378	9,392	3,657	12,130	12,602	12,082	15,529	16,881	13,541	12,096	14,761	11,969	12,694	13,591	19,912	17,071	16,027	17,513	18,736	23,654	13,657	12,653	13,759	15,199	15,624	12,994	9,607	11,721
Net Income (Loss) Attributable to Parent
54,753	103,681	111,836	111,586	116,496	119,253	117,844	111,341	106,480	100,524	93,131	85,553	84,941	83,719	80,219	71,507	68,816	58,238	75,850	73,077	72,163	72,704	77,381	66,704	61,188	62,571	60,444	59,663	55,188	60,188	58,669	58,062	61,033	55,414	54,507	55,686	51,928	53,051	54,995	52,900	47,818	44,699	37,859
Preferred Stock Dividends and Other Adjustments
2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,016	2,015	2,016	2,016	2,015	2,688	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred stock
5,514	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
47,223	101,665	109,820	109,571	114,480	117,237	115,828	109,326	104,464	98,508	91,115	83,538	82,925	81,703	78,203	69,492	66,800	56,222	73,834	71,062	70,147	70,688	75,365	64,689	59,172	60,555	58,429	56,975	55,188	60,188	58,669	58,062	61,033	-	-	-	-	-	-	-	-	-	-
Earnings Per Share [Abstract]
Basic
0.75	1.62	1.74	1.73	1.80	1.84	1.80	1.70	1.63	1.54	1.43	1.30	1.29	1.30	1.24	1.12	1.07	0.90	1.18	1.12	1.11	1.12	1.19	1.04	0.97	1.00	0.96	0.95	0.91	0.99	0.95	0.94	0.99	0.90	0.89	0.91	0.85	0.88	0.90	0.87	0.79	0.75	0.64
Diluted
0.75	1.60	1.73	1.72	1.79	1.83	1.78	1.68	1.61	1.53	1.41	1.29	1.28	1.28	1.24	1.11	1.07	0.90	1.17	1.11	1.10	1.12	1.18	1.03	0.96	0.99	0.96	0.94	0.91	0.98	0.95	0.94	0.99	0.89	0.89	0.91	0.85	0.88	0.90	0.87	0.79	0.75	0.63