Cullen/Frost Bankers, Inc. (CFR)

Cullen/Frost Bankers Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	9,189	8,594	11,938	16,465	10,173	2,801
Investment Securities	10,995	12,435	14,067	11,088	9,867	10,592
Trading Asset Securities	173.23	193.16	221.53	184.23	156.11	80.76
Mortgage-Backed Securities	7,904	7,847	6,902	4,594	2,516	2,738
Total Investments	19,073	20,476	21,191	15,866	12,539	13,412
Gross Loans	20,055	18,824	17,155	16,336	17,481	14,750
Allowance for Loan Losses	-263.13	-246	-227.62	-248.67	-263.18	-132.17
Net Loans	19,792	18,578	16,927	16,088	17,218	14,618
Property, Plant & Equipment	1,229	1,190	1,103	1,050	1,046	1,012
Goodwill	-	-	-	654.95	654.95	654.95
Other Intangible Assets	-	-	-	0.87	1.56	2.48
Accrued Interest Receivable	194.56	251.39	243.68	179.11	181.43	183.85
Restricted Cash	-	8.6	3.2	110.3	116	955.5
Other Real Estate Owned & Foreclosed	-	0.73	1	3.4	0.85	1.08
Other Long-Term Assets	1,531	1,746	1,485	461.06	460.61	386.42
Total Assets	51,008	50,845	52,892	50,878	42,391	34,027
Interest Bearing Deposits	27,768	26,994	26,356	24,273	19,899	16,005
Institutional Deposits	-	-	-	-	-	761.15
Non-Interest Bearing Deposits	13,953	14,926	17,598	18,423	15,117	10,874
Total Deposits	41,721	41,921	43,954	42,696	35,016	27,640
Short-Term Borrowings	4,176	4,301	4,913	2,905	2,197	1,727
Current Portion of Leases	-	34.71	-	-	-	-
Accrued Interest Payable	66.46	61.22	18.44	3.03	8.13	12.39
Long-Term Debt	99.61	99.49	99.34	99.18	99.02	98.87
Long-Term Leases	312.7	281.68	321.9	313.4	323	323.7
Trust Preferred Securities	123.17	123.13	123.07	123.01	136.36	136.3
Other Long-Term Liabilities	374.41	306.41	324.98	299.38	318.75	177.69
Total Liabilities	46,873	47,129	49,755	46,439	38,098	30,116
Preferred Stock, Non-Redeemable	145.45	145.45	145.45	145.45	145.45	144.49
Total Preferred Equity	145.45	145.45	145.45	145.45	145.45	144.49
Common Stock	0.64	0.64	0.64	0.64	0.64	0.64
Additional Paid-In Capital	1,066	1,056	1,030	1,010	997.17	983.25
Retained Earnings	3,889	3,658	3,310	2,957	2,751	2,668
Treasury Stock	-50.67	-23.93	-	-20.74	-113.94	-151.61
Comprehensive Income & Other	-915.43	-1,119	-1,348	347.32	512.97	267.37
Total Common Equity	3,990	3,571	2,992	4,294	4,148	3,767
Shareholders' Equity	4,135	3,716	3,137	4,440	4,293	3,912
Total Liabilities & Equity	51,008	50,845	52,892	50,878	42,391	34,027
Total Debt	4,711	4,840	5,458	3,441	2,756	2,286
Net Cash (Debt)	4,660	4,031	6,789	13,216	7,573	627.33
Net Cash Growth	38.65%	-40.62%	-48.63%	74.51%	1107.24%	-67.35%
Net Cash Per Share	72.50	62.60	105.22	206.17	120.20	9.89
Filing Date Shares Outstanding	64.13	64.2	64.36	64.02	63.17	62.68
Total Common Shares Outstanding	63.93	64.19	64.35	63.99	63.01	62.67
Book Value Per Share	62.41	55.64	46.49	67.11	65.82	60.11
Tangible Book Value	3,990	3,571	2,992	3,638	3,491	3,110
Tangible Book Value Per Share	62.41	55.64	46.49	56.86	55.40	49.62

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