← CULLEN/FROST BANKERS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $304.3m |
$364.1m
+19.68%
|
$454.9m
+24.93%
|
$443.6m
-2.49%
|
$331.2m
-25.35%
|
$443.1m
+33.80%
|
$579.1m
+30.71%
|
$598.0m
+3.25%
|
$582.5m
-2.58%
|
$648.6m
+11.33%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $296.2m |
$356.1m
+20.22%
|
$446.9m
+25.49%
|
$435.5m
-2.53%
|
$323.6m
-25.70%
|
$435.9m
+34.70%
|
$572.5m
+31.33%
|
$591.3m
+3.29%
|
$575.9m
-2.61%
|
$641.9m
+11.46%
|
— | |
| Depreciation and amortization | $48.2m | $47.8m | $50.2m | $54.1m | $64.4m | $69.3m | $71.3m | $76.4m | $82.8m | $87.8m | $88.7m | |
| Amortization of Intangible Assets | $2.4m | $1.7m | $1.4m | $1.2m | $918k | $697k | $480k | — | — | — | — | |
| Depreciation | $48.2m | $47.8m | $50.2m | $41.0m | $49.9m | $55.1m | $57.4m | $60.6m | $61.9m | $67.3m | $88.7m | |
| Deferred Income Tax Expense (Benefit) | ($11.6m) | ($14.5m) | $52.9m | $7.6m | ($15.8m) | $7.8m | ($4.9m) | ($14.8m) | ($11.6m) | $5.4m | $4.3m | |
| Share-based Payment Arrangement, Noncash Expense | $11.8m | $13.0m | $13.9m | $15.9m | $13.9m | $12.8m | $18.3m | $24.6m | $19.8m | $24.8m | $26.4m | |
| Share-based Payment Arrangement, Expense | $520k | $519k | $721k | $780k | $770k | $700k | $18.3m | $24.6m | $19.8m | $24.8m | $26.4m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Other Operating Assets | $7.4m | $55.2m | $85.9m | $15.6m | $158.3m | $46.6m | $116.2m | $232.7m | ($259.1m) | $7.7m | — | |
| Increase (Decrease) in Other Operating Liabilities | ($5.9m) | $71.2m | ($24.2m) | ($18.4m) | $27.1m | $38.8m | $61.1m | ($85.0m) | ($51.0m) | ($559.3m) | — | |
| Gain (Loss) on Disposition of Other Assets | $3.6m | $4.7m | $5.3m | $5.7m | ($524k) | $11.6m | ($109k) | ($750k) | $141k | $3.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $437.8m |
$538.1m
+22.89%
|
$562.4m
+4.52%
|
$634.1m
+12.75%
|
$524.2m
-17.32%
|
$648.3m
+23.66%
|
$722.6m
+11.46%
|
$478.8m
-33.73%
|
$989.5m
+106.65%
|
$274.0m
-72.31%
|
$719.6m
+162.64%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $10.3m | — | — | — | — | — | — | — | — | — | $168k | |
| Payments to Acquire Property, Plant, and Equipment | $53.6m | $34.1m | $79.3m | $206.7m | $95.4m | $65.8m | $102.5m | $158.6m | $127.8m | $146.7m | ($178.1m) | |
| Equipment Expense | $71.2m | $74.3m | $83.1m | $92.0m | $105.2m | $112.7m | $120.8m | $135.3m | $148.5m | $165.7m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $335.8m | $1.3b | $221.9m | $4.7b | $20.9b | $18.4b | $15.7b | $19.1b | $19.6b | $21.0b | — | |
| Debt Securities, Trading, Gain (Loss) | ($15.0m) | $4.9m | $156k | ($293k) | — | $939k | $2.9m | $3.8m | $4.8m | $5.6m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $492k | $0 | $0 | — | — | — | — | — | ($703k) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($670.6m) | ($1.9b) | ($1.4b) | ($1.6b) | ($2.5b) | ($8.3b) | ($942.8m) | ($180.9m) | ($1.6b) | ($2.9b) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | ($15.0m) | $4.9m | ($156k) | $293k | $109.0m | $69k | $0 | $66k | ($96k) | ($850k) | — | |
| Payments for Repurchase of Common Stock | $1.3m | $101.5m | $101.0m | $68.8m | $15.8m | $3.9m | $4.4m | $42.7m | $60.9m | $157.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $134.9m | $144.2m | $165.4m | $177.0m | $180.6m | $188.8m | $209.8m | $232.3m | $242.4m | $255.4m | ($264.2m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $1.0b |
$253.7m
-75.71%
|
$585.1m
+130.64%
|
$7.6b
+1200.29%
|
$8.2b
+7.41%
|
$3.0b
-63.29%
|
($2.9b)
-195.90%
|
$738.3m
+125.66%
|
($33.1m)
-104.48%
|
$1.5b
+4759.95%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $12.0b | $8.7b | $10.2b | $8.9b | $6.5b | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $241.2m | $63k | $3.0m | $46.2m | $65.0m | $44.2m | $34.3m | |
| Proceeds from Stock Options Exercised | $78.9m | $67.7m | $31.6m | $20.8m | $12.6m | $54.4m | $16.7m | $9.3m | $22.6m | $11.9m | — | |
| Parent Company | $134.9m | $144.2m | $165.4m | $177.0m | $180.6m | $188.8m | $209.8m | $232.3m | $242.4m | $255.4m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $655.0m | $655.0m | $655.0m | $655.0m | $655.0m | $655.0m | $655.0m | — | — | — | — | |
| Income Tax Expense (Benefit) | $37.1m | $44.2m | $53.8m | $55.9m | $20.2m | $46.5m | $89.7m | $114.4m | $113.4m | $123.1m | — | |
| Operating Lease, Expense | — | — | — | — | — | $45.6m | $47.7m | $50.5m | $49.7m | $51.9m | — | |
| Proceeds from Issuance of Redeemable Preferred Stock | — | — | — | — | $145.5m | $0 | $0 | — | — | — | — | |
| Stock or Unit Option Plan Expense | $8.2m | $6.2m | $3.7m | $1.2m | $0 | $0 | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.