Cullen/Frost Bankers, Inc. (CFR)

Cullen/Frost Bankers Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	10,224	8,594	11,938	16,465	10,173
Investment Securities	10,395	12,435	14,067	11,088	9,867
Trading Asset Securities	161.54	193.16	221.53	184.23	156.11
Mortgage-Backed Securities	8,192	7,847	6,902	4,594	2,516
Total Investments	18,749	20,476	21,191	15,866	12,539
Gross Loans	20,755	18,824	17,155	16,336	17,481
Allowance for Loan Losses	-270.15	-246	-227.62	-248.67	-263.18
Net Loans	20,485	18,578	16,927	16,088	17,218
Property, Plant & Equipment	1,245	1,190	1,103	1,050	1,046
Goodwill	-	-	-	654.95	654.95
Other Intangible Assets	-	-	-	0.87	1.56
Accrued Interest Receivable	236.59	251.39	243.68	179.11	181.43
Restricted Cash	0.35	8.6	3.2	110.3	116
Other Real Estate Owned & Foreclosed	14.1	0.73	1	3.4	0.85
Other Long-Term Assets	1,566	1,746	1,485	461.06	460.61
Total Assets	52,520	50,845	52,892	50,878	42,391
Interest Bearing Deposits	28,281	26,994	26,356	24,273	19,899
Non-Interest Bearing Deposits	14,442	14,926	17,598	18,423	15,117
Total Deposits	42,723	41,921	43,954	42,696	35,016
Short-Term Borrowings	4,491	4,301	4,913	2,905	2,197
Current Portion of Leases	36.95	-	-	-	-
Accrued Interest Payable	58.87	61.22	18.44	3.03	8.13
Long-Term Debt	99.65	99.49	99.34	99.18	99.02
Long-Term Leases	271.1	316.4	321.9	313.4	323
Trust Preferred Securities	123.18	123.13	123.07	123.01	136.36
Other Long-Term Liabilities	817.83	306.4	324.98	299.38	318.75
Total Liabilities	48,622	47,129	49,755	46,439	38,098
Preferred Stock, Non-Redeemable	145.45	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	0.64
Additional Paid-In Capital	1,076	1,056	1,030	1,010	997.17
Retained Earnings	3,951	3,658	3,310	2,957	2,751
Treasury Stock	-22.56	-23.93	-	-20.74	-113.94
Comprehensive Income & Other	-1,252	-1,119	-1,348	347.32	512.97
Total Common Equity	3,753	3,571	2,992	4,294	4,148
Shareholders' Equity	3,899	3,716	3,137	4,440	4,293
Total Liabilities & Equity	52,520	50,845	52,892	50,878	42,391
Total Debt	5,022	4,840	5,458	3,441	2,756
Net Cash (Debt)	5,373	4,031	6,789	13,216	7,573
Net Cash Growth	33.28%	-40.62%	-48.63%	74.51%	1107.24%
Net Cash Per Share	83.61	62.60	105.22	206.17	120.20
Filing Date Shares Outstanding	64.24	64.2	64.36	64.02	63.17
Total Common Shares Outstanding	64.2	64.19	64.35	63.99	63.01
Book Value Per Share	58.46	55.64	46.49	67.11	65.82
Tangible Book Value	3,753	3,571	2,992	3,638	3,491
Tangible Book Value Per Share	58.46	55.64	46.49	56.86	55.40

Source: S&P Capital IQ. Banks template. Financial Sources.