Cullen/Frost Bankers Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	-	10,224	8,594	11,938	16,465
Investment Securities	-	10,395	12,435	14,067	11,088
Trading Asset Securities	-	161.54	193.16	221.53	184.23
Mortgage-Backed Securities	-	8,192	7,847	6,902	4,594
Total Investments	-	18,749	20,476	21,191	15,866
Gross Loans	-	20,755	18,824	17,155	16,336
Allowance for Loan Losses	-	-270.15	-246	-227.62	-248.67
Net Loans	-	20,485	18,578	16,927	16,088
Property, Plant & Equipment	-	1,245	1,190	1,103	1,050
Goodwill	-	-	-	-	654.95
Other Intangible Assets	-	-	-	-	0.87
Accrued Interest Receivable	-	236.59	251.39	243.68	179.11
Restricted Cash	-	0.35	8.6	3.2	110.3
Other Real Estate Owned & Foreclosed	-	14.1	0.73	1	3.4
Other Long-Term Assets	-	1,566	1,746	1,485	461.06
Total Assets	-	52,520	50,845	52,892	50,878
Interest Bearing Deposits	-	28,281	26,994	26,356	24,273
Non-Interest Bearing Deposits	-	14,442	14,926	17,598	18,423
Total Deposits	-	42,723	41,921	43,954	42,696
Short-Term Borrowings	-	4,491	4,301	4,913	2,905
Current Portion of Leases	-	36.95	-	-	-
Accrued Interest Payable	-	58.87	61.22	18.44	3.03
Long-Term Debt	-	99.65	99.49	99.34	99.18
Long-Term Leases	-	271.1	316.4	321.9	313.4
Trust Preferred Securities	-	123.18	123.13	123.07	123.01
Other Long-Term Liabilities	-	817.83	306.4	324.98	299.38
Total Liabilities	-	48,622	47,129	49,755	46,439
Preferred Stock, Non-Redeemable	-	145.45	145.45	145.45	145.45
Total Preferred Equity	145.45	145.45	145.45	145.45	145.45
Common Stock	-	0.64	0.64	0.64	0.64
Additional Paid-In Capital	-	1,076	1,056	1,030	1,010
Retained Earnings	-	3,951	3,658	3,310	2,957
Treasury Stock	-	-22.56	-23.93	-	-20.74
Comprehensive Income & Other	-	-1,252	-1,119	-1,348	347.32
Total Common Equity	4,315	3,753	3,571	2,992	4,294
Shareholders' Equity	4,461	3,899	3,716	3,137	4,440
Total Liabilities & Equity	-	52,520	50,845	52,892	50,878
Total Debt	5,217	5,022	4,840	5,458	3,441
Net Cash (Debt)	2,858	5,373	4,031	6,789	13,216
Net Cash Growth	-46.81%	33.28%	-40.62%	-48.63%	74.51%
Net Cash Per Share	44.59	83.61	62.60	105.22	206.17
Filing Date Shares Outstanding	63.29	64.24	64.2	64.36	64.02
Total Common Shares Outstanding	63.29	64.2	64.19	64.35	63.99
Book Value Per Share	67.64	58.46	55.64	46.49	67.11
Tangible Book Value	4,315	3,753	3,571	2,992	3,638
Tangible Book Value Per Share	67.64	58.46	55.64	46.49	56.86

Source: S&P Global Market Intelligence. Banks template. Financial Sources.