Frost Bank Quarterly Income Statements Chart
Quarterly
|
Annual
Frost Bank Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|
| interest income: | |||||
| loans, including fees | 172,137,000 | 179,757,000 | 186,870,000 | 189,848,000 | 185,272,000 |
| securities: | |||||
| taxable | 26,030,000 | 29,957,000 | 32,122,000 | 30,324,000 | 24,679,000 |
| tax-exempt | 58,886,000 | 58,775,000 | 57,328,000 | 58,596,000 | 59,143,000 |
| interest-bearing deposits | 8,125,000 | 8,364,000 | 8,759,000 | 7,828,000 | 10,639,000 |
| federal funds sold and resell agreements | 802,000 | 1,201,000 | 1,194,000 | 1,541,000 | 1,588,000 |
| total interest income | 265,980,000 | 278,054,000 | 286,273,000 | 288,137,000 | 281,321,000 |
| interest expense: | |||||
| deposits | 16,053,000 | 20,087,000 | 25,637,000 | 26,844,000 | 27,174,000 |
| federal funds purchased and repurchase agreements | 3,037,000 | 4,399,000 | 5,040,000 | 5,220,000 | 5,016,000 |
| junior subordinated deferrable interest debentures | 1,205,000 | 1,305,000 | 1,425,000 | 1,478,000 | 1,498,000 |
| other long-term borrowings | 1,164,000 | 1,165,000 | 1,164,000 | 1,164,000 | 1,164,000 |
| total interest expense | 21,459,000 | 26,956,000 | 33,266,000 | 34,706,000 | 34,852,000 |
| net interest income | 244,521,000 | 251,098,000 | 253,007,000 | 253,431,000 | 246,469,000 |
| credit loss expense | 175,197,000 | ||||
| net interest income after credit loss expense | 69,324,000 | ||||
| non-interest income: | |||||
| trust and investment management fees | 34,473,000 | 32,928,000 | 31,649,000 | 30,448,000 | 31,697,000 |
| service charges on deposit accounts | 22,651,000 | 23,454,000 | 22,941,000 | 21,798,000 | 20,790,000 |
| insurance commissions and fees | 16,485,000 | 12,138,000 | 11,683,000 | 10,118,000 | 18,406,000 |
| interchange and debit card transaction fees | 3,255,000 | 3,608,000 | 4,117,000 | 3,868,000 | 3,280,000 |
| other charges, commissions and fees | 9,365,000 | 9,020,000 | 10,108,000 | 8,933,000 | 9,062,000 |
| net gain on securities transactions | 108,989,000 | 28,000 | 96,000 | 169,000 | |
| other | 17,697,000 | 14,079,000 | 8,630,000 | 7,304,000 | 13,550,000 |
| total non-interest income | 212,915,000 | 95,255,000 | 89,224,000 | 82,638,000 | 96,785,000 |
| non-interest expense: | |||||
| salaries and wages | 98,812,000 | 97,951,000 | 93,812,000 | 90,790,000 | 92,476,000 |
| employee benefits | 24,889,000 | 21,651,000 | 21,002,000 | 20,051,000 | 23,526,000 |
| net occupancy | 25,384,000 | 24,864,000 | 24,202,000 | 21,133,000 | 19,267,000 |
| technology, furniture and equipment | 25,240,000 | 25,759,000 | 22,415,000 | 22,157,000 | 21,664,000 |
| deposit insurance | 2,624,000 | 2,374,000 | 2,491,000 | 2,453,000 | 2,808,000 |
| intangible amortization | 257,000 | 264,000 | 274,000 | 305,000 | 325,000 |
| total non-interest expense | 224,163,000 | 220,806,000 | 208,864,000 | 203,209,000 | 201,800,000 |
| income before income taxes | 58,076,000 | 117,192,000 | 125,366,000 | 126,460,000 | 130,451,000 |
| income taxes | 3,323,000 | 13,511,000 | 13,530,000 | 14,874,000 | 13,955,000 |
| net income | 54,753,000 | 103,681,000 | 111,836,000 | 111,586,000 | 116,496,000 |
| yoy | -53.00% | ||||
| qoq | -47.19% | -7.29% | 0.22% | -4.21% | |
| net income margin % | |||||
| preferred stock dividends | 2,016,000 | 2,016,000 | 2,016,000 | 2,015,000 | 2,016,000 |
| redemption of preferred stock | 5,514,000 | ||||
| net income available to common shareholders | 47,223,000 | 101,665,000 | 109,820,000 | 109,571,000 | 114,480,000 |
| earnings per common share: | |||||
| basic | 750 | 1,610 | 1,740 | 1,730 | 1,800 |
| diluted | 750 | 1,600 | 1,730 | 1,720 | 1,790 |
| other comprehensive income, before tax: | |||||
| securities available for sale and transferred securities: | |||||
| change in net unrealized gain/loss during the period | 230,118,000 | -45,516,000 | 107,786,000 | 158,140,000 | 198,146,000 |
| change in net unrealized gain on securities transferred to held to maturity | -377,000 | -335,000 | -305,000 | -308,000 | -344,000 |
| reclassification adjustment for net (gains) losses included in net income | -108,989,000 | -27,000 | -97,000 | -169,000 | |
| total securities available for sale and transferred securities | 120,752,000 | -45,878,000 | 107,384,000 | 157,663,000 | 197,802,000 |
| defined-benefit post-retirement benefit plans: | |||||
| reclassification adjustment for net amortization of actuarial gain/loss included in net income as a component of net periodic cost | 1,330,000 | 1,405,000 | 1,406,000 | 1,406,000 | 1,406,000 |
| total defined-benefit post-retirement benefit plans | 1,330,000 | -2,239,000 | 1,406,000 | 1,406,000 | 1,406,000 |
| other comprehensive income, before tax | 122,082,000 | -48,117,000 | 108,790,000 | 159,069,000 | 199,208,000 |
| deferred tax benefit | 25,637,000 | -10,104,000 | 22,845,000 | 33,405,000 | 41,834,000 |
| other comprehensive income, net of tax | 96,445,000 | -38,013,000 | 85,945,000 | 125,664,000 | 157,374,000 |
| comprehensive income | 151,198,000 | 65,668,000 | 197,781,000 | 237,250,000 | 273,870,000 |
| benefit from loan losses | 8,355,000 | 8,001,000 | 6,400,000 | 11,003,000 | |
| net interest income after benefit from loan losses | 242,743,000 | 245,006,000 | 247,031,000 | 235,466,000 | |
| change in the net actuarial gain/loss |
We provide you with 20 years income statements for Frost Bank stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Frost Bank stock. Explore the full financial landscape of Frost Bank stock with our expertly curated income statements.
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