Cullen/Frost Bankers, Inc. CFR Income Statement

Cullen/frost bankers, inc. (CFR)

Income statement / TTM

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
728,612	741,747	743,324	728,787	703,072	669,002	630,399	596,466	563,406	534,804	509,864	485,832	468,108	458,094	449,317	446,036	440,792	433,872	434,818	439,809	442,309	440,958	436,507	424,778	417,489	415,230	413,755	411,049	406,069	401,364	397,149	395,243	396,718	397,855	399,789	402,926	405,627	409,651	415,476	422,114	0	0	0
Securities:
Taxable
118,433	117,082	110,410	99,627	90,491	86,370	84,032	85,896	88,235	92,979	97,655	100,349	102,353	103,025	104,396	106,017	108,403	112,601	112,322	107,659	101,856	93,087	88,376	88,528	91,899	97,873	105,745	114,829	123,743	132,432	136,686	134,684	131,953	127,072	122,819	123,698	123,512	121,402	121,739	122,876	0	0	0
Tax-exempt
233,585	233,842	235,216	237,088	235,790	233,358	228,508	224,247	222,384	222,620	223,931	222,057	217,532	210,918	204,984	201,437	198,580	194,793	187,567	177,684	167,600	156,618	147,153	138,920	129,641	122,031	113,547	105,428	98,863	93,412	90,554	90,398	91,442	91,672	89,941	87,194	84,335	81,311	77,388	72,293	0	0	0
Interest-bearing deposits
33,076	35,590	41,738	47,424	53,513	56,968	57,352	53,707	48,866	41,608	31,449	24,760	19,286	16,103	13,746	11,572	9,806	8,123	8,423	9,446	10,291	10,725	10,401	9,518	8,335	7,284	6,280	5,318	4,723	4,300	4,851	5,547	6,116	6,357	6,073	5,700	5,217	4,901	3,974	2,797	0	0	0
Federal funds sold and resell agreements
4,738	5,524	6,248	6,453	6,327	5,500	3,997	2,842	1,590	936	621	425	321	272	203	183	145	107	89	81	83	83	78	74	80	82	96	107	111	104	92	80	60	61	59	72	80	74	76	110	0	0	0
Total interest income
1,118,444	1,133,785	1,136,936	1,119,379	1,089,193	1,051,198	1,004,288	963,158	924,481	892,947	863,520	833,423	807,600	788,412	772,646	765,245	757,726	749,496	743,219	734,679	722,139	701,471	682,515	661,818	647,444	642,500	639,423	636,731	633,509	631,612	629,332	625,952	626,289	623,017	618,681	619,590	618,771	617,339	618,653	620,190	0	0	0
Interest expense:
Deposits
88,621	99,742	104,578	101,142	91,873	75,337	57,893	41,360	25,958	17,188	11,648	7,729	7,329	7,248	7,257	7,646	8,055	9,024	9,979	10,832	11,217	11,022	11,166	11,697	13,012	14,459	15,794	16,870	17,535	18,099	18,693	19,401	20,800	22,179	23,904	25,932	27,363	29,973	36,865	44,335	0	0	0
Federal funds purchased and repurchase agreements
17,696	19,675	19,740	16,992	12,403	8,021	4,230	2,461	2,017	1,522	901	422	287	204	206	201	187	167	151	147	143	134	128	123	118	121	124	131	136	140	140	166	215	312	424	477	510	437	533	715	0	0	0
Junior subordinated deferrable interest debentures
5,413	5,706	5,845	5,814	5,647	5,291	4,912	4,538	4,189	3,955	3,779	3,598	3,439	3,281	3,101	2,951	2,820	2,725	2,683	2,653	2,582	2,488	3,174	4,225	5,314	6,426	6,783	6,784	6,805	6,806	6,806	6,805	6,785	6,783	6,758	6,789	6,881	6,982	7,111	7,188	0	0	0
Other long-term borrowings
4,657	4,657	4,657	4,657	4,657	4,657	4,656	4,656	4,656	3,860	3,081	2,267	1,424	1,343	1,210	1,101	1,011	948	921	902	895	893	897	911	923	939	970	1,015	1,066	1,706	2,914	4,972	8,765	11,967	14,579	16,321	16,383	16,488	18,259	20,019	0	0	0
Total interest expense
116,387	129,780	134,820	128,605	114,580	93,306	71,691	53,015	36,820	26,525	19,409	14,016	12,479	12,076	11,774	11,899	12,073	12,864	13,734	14,534	14,837	14,537	15,365	16,956	19,367	21,945	23,671	24,800	25,542	26,751	28,553	31,344	36,565	41,241	45,665	49,519	51,137	53,880	62,768	72,257	0	0	0
Net interest income
1,002,057	1,004,005	1,002,116	990,774	974,613	957,892	932,597	910,143	887,661	866,422	844,111	819,407	795,121	776,336	760,872	753,346	745,653	736,632	729,485	720,145	707,302	686,934	667,150	644,862	628,077	620,555	615,752	611,931	607,967	604,861	600,779	594,608	589,724	581,776	573,016	570,071	567,634	563,459	555,885	547,933	0	0	0
Credit loss expense
197,953	33,759	29,171	23,820	25,671	21,613	25,948	34,278	34,453	35,460	36,297	30,362	31,125	51,673	76,734	78,499	72,183	51,845	22,245	15,825	17,876	16,314	17,813	22,531	21,182	20,582	18,808	16,200	14,980	10,080	5,955	12,465	19,095	27,445	38,735	39,825	39,490	43,611	49,261	55,762	0	0	0
Net interest income after credit loss expense
804,104	970,246	972,945	966,954	948,942	936,279	906,649	875,865	853,208	830,962	807,814	789,045	763,996	724,663	684,138	674,847	673,470	684,787	707,240	704,320	689,426	670,620	649,337	622,331	606,895	599,973	596,944	595,731	592,987	594,781	594,824	582,143	570,629	554,331	534,281	530,246	528,144	519,848	506,624	492,171	0	0	0
Non-interest income:
Trust and investment management fees
129,498	126,722	123,676	122,828	121,501	119,391	118,494	115,186	113,792	110,675	108,124	107,082	105,376	104,240	104,095	103,234	103,685	105,512	106,494	107,711	107,987	106,237	103,203	99,088	94,901	91,375	87,681	85,832	84,550	83,317	81,635	80,444	79,478	78,297	80,728	78,105	74,829	72,321	67,784	67,630	0	0	0
Service charges on deposit accounts
90,844	88,983	87,161	85,789	85,133	85,186	84,802	84,200	84,256	84,182	83,368	82,941	81,608	81,203	81,455	81,769	81,937	81,350	81,355	81,320	81,749	81,946	81,857	81,780	81,362	81,432	81,992	82,047	82,642	83,392	83,705	84,980	85,669	86,125	80,961	83,869	87,466	91,025	101,109	101,281	0	0	0
Insurance commissions and fees
50,424	52,345	51,601	50,955	51,393	48,967	49,301	49,156	48,328	46,169	45,783	45,920	45,552	47,154	48,210	48,944	49,714	48,926	47,346	46,931	46,624	45,115	44,730	43,753	43,196	43,140	41,143	40,736	40,641	39,948	38,962	38,567	37,304	35,421	34,748	33,767	33,371	34,015	35,743	34,261	0	0	0
Other charges, commissions and fees
37,426	37,123	37,474	36,946	37,286	37,231	37,808	38,721	39,346	39,931	39,781	39,991	40,162	39,623	38,806	38,119	38,163	37,551	38,189	37,977	36,414	36,180	35,147	34,609	34,637	34,185	33,339	31,338	30,585	30,180	29,565	28,872	27,872	27,750	23,349	24,485	25,689	25,380	29,501	28,081	0	0	0
Debt and Equity Securities, Gain (Loss)
109,282	293	222	92	-137	-156	-137	-4,970	-4,960	-4,941	-4,808	22	72	14,975	14,759	14,744	14,744	69	179	264	266	38	1,214	1,167	1,171	1,176	4,432	4,446	4,810	4,314	-121	6,288	5,918	6,414	6,414	5	6	6	55	0	0	-	0
Interchange and debit card transaction fees
14,875	14,900	15,062	14,444	14,022	13,900	16,185	18,570	20,816	23,232	22,681	22,232	21,921	21,369	20,913	20,509	20,045	19,666	19,374	19,062	18,772	18,372	17,913	17,570	17,211	16,979	16,985	16,803	16,827	16,933	16,769	21,294	25,697	29,625	0	0	0	-	-	-	-	-	-
Other
47,710	43,563	40,592	43,167	47,451	46,790	47,790	47,338	42,637	37,222	44,900	42,140	42,574	41,144	31,191	33,374	33,370	35,656	35,280	32,436	34,057	32,256	31,976	31,202	30,050	34,531	34,595	36,132	34,533	30,703	30,045	28,174	27,710	26,370	10,419	16,320	23,025	28,744	47,103	47,514	0	0	0
Total non-interest income
480,032	363,902	355,765	354,198	356,626	351,286	354,243	348,201	344,215	336,470	339,829	340,328	337,265	349,708	339,429	340,693	341,658	328,730	328,217	325,701	325,869	320,144	316,040	309,169	302,528	302,818	300,167	297,334	294,588	288,787	280,560	288,619	289,648	290,002	292,620	283,833	282,973	282,033	281,246	278,822	0	0	0
Non-interest expense:
Salaries and wages
381,365	375,029	367,956	361,691	356,105	350,312	348,607	345,448	341,239	337,068	329,746	324,769	321,880	318,665	315,061	315,202	313,729	310,504	310,160	304,364	298,204	292,349	286,647	281,415	277,444	273,692	268,933	265,393	261,515	258,752	257,436	254,149	253,300	252,028	246,646	244,692	241,744	239,589	237,436	234,233	0	0	0
Employee benefits
87,593	86,230	83,645	80,998	78,854	77,323	75,279	74,654	74,945	74,575	74,307	74,421	73,935	72,615	71,831	70,197	69,824	69,746	67,094	65,523	62,990	60,151	61,631	61,981	61,804	62,407	60,476	59,506	58,925	57,635	57,342	55,327	54,329	52,939	52,823	53,517	53,142	52,352	53,339	54,424	0	0	0
Net occupancy
95,583	89,466	82,301	77,993	76,315	76,788	77,279	76,776	76,474	75,971	75,777	74,588	73,677	71,627	70,431	69,609	67,796	65,690	63,900	60,569	57,873	55,745	53,485	52,530	51,442	50,468	49,490	49,589	49,157	48,975	48,616	47,503	47,113	46,968	46,752	46,869	46,683	46,166	46,080	44,747	0	0	0
Technology, furniture and equipment
95,571	91,995	88,196	86,785	85,087	83,102	80,494	78,233	76,024	74,335	72,717	71,953	71,681	71,208	70,378	68,685	66,356	64,373	63,318	63,110	62,668	62,087	60,881	59,432	59,211	58,443	57,732	57,296	56,044	55,279	54,801	53,714	52,608	51,469	50,350	49,409	48,443	47,651	46,449	44,946	0	0	0
Deposit insurance
9,942	10,126	9,971	12,174	14,326	16,397	18,959	19,127	20,092	20,128	20,363	20,059	18,686	17,428	16,079	15,197	14,563	14,519	14,401	14,146	13,728	13,232	12,720	12,220	11,910	11,682	11,804	11,476	11,479	11,087	10,701	10,691	10,451	12,714	14,859	16,937	19,768	20,451	20,176	27,182	0	0	0
Intangible amortization
1,132	1,200	1,211	1,273	1,337	1,400	1,492	1,561	1,630	1,700	1,861	2,042	2,223	2,429	2,635	2,865	3,095	3,325	3,555	3,791	3,725	3,520	3,277	3,005	3,010	3,141	3,306	3,499	3,705	3,896	4,030	4,165	4,278	4,387	4,552	4,720	4,912	5,125	5,472	5,915	0	0	0
Other
185,888	180,665	180,266	177,436	172,025	173,538	173,354	172,820	177,358	175,289	181,869	182,490	179,634	178,988	166,093	165,817	166,003	165,561	166,892	166,099	169,122	167,656	161,613	157,643	149,216	152,077	151,721	149,330	148,042	139,469	139,933	140,267	137,998	137,593	132,024	127,007	126,316	124,207	125,082	126,324	0	0	0
Total non-interest expense
857,042	834,679	813,570	798,374	784,073	778,884	775,467	768,622	767,765	759,069	756,640	750,322	741,716	732,960	712,508	707,572	701,366	693,718	689,320	677,602	668,310	654,740	640,254	628,226	614,037	611,910	603,462	596,089	588,867	575,093	572,859	565,816	560,077	558,098	548,006	543,151	541,008	535,541	534,034	537,771	0	0	0
Income before income taxes
427,094	499,469	515,140	522,778	521,495	508,681	485,425	455,444	429,658	408,363	391,003	379,051	359,545	341,411	311,059	307,968	313,762	319,799	346,137	352,419	346,985	336,024	325,123	303,274	295,386	290,881	293,649	296,976	298,708	308,475	302,525	304,946	300,200	286,235	278,895	270,928	270,109	266,340	253,836	233,222	0	0	0
Income taxes
45,238	55,870	55,969	57,599	56,561	53,763	49,236	43,968	43,970	44,214	43,659	44,619	39,159	37,150	32,279	33,557	37,781	40,471	52,343	57,094	58,033	58,047	57,279	52,367	51,520	53,015	58,166	63,268	66,601	70,523	69,347	75,930	73,560	68,700	63,723	55,268	57,235	57,576	53,424	49,946	0	0	0
Net Income (Loss) Attributable to Parent
381,856	443,599	459,171	465,179	464,934	454,918	436,189	411,476	385,688	364,149	347,344	334,432	320,386	304,261	278,780	274,411	275,981	279,328	293,794	295,325	288,952	277,977	267,844	250,907	243,866	237,866	235,483	233,708	232,107	237,952	233,178	229,016	226,640	217,535	215,172	215,660	212,874	208,764	200,412	183,276	0	0	0
Preferred Stock Dividends and Other Adjustments
8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,063	8,062	8,735	6,719	4,703	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
368,279	435,536	451,108	457,116	456,871	446,855	428,126	403,413	377,625	356,086	339,281	326,369	312,323	296,198	270,717	266,348	267,918	271,265	285,731	287,262	280,889	269,914	259,781	242,845	235,131	231,147	230,780	231,020	232,107	237,952	0	0	0	-	-	-	-	-	-	-	-	-	-
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