CULLENFROST BANKERS INC
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
CFR$158.16+0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income (Loss)
(Dollars in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net income | $135,690 | $177,653 |
| Other comprehensive income (loss), before tax: | ||
| Securities available for sale and transferred securities: | ||
| Change in net unrealized gain/loss during the period | (199,075) | 260,269 |
| Change in net unrealized gain on securities transferred to held to maturity | (159) | (160) |
| Reclassification adjustment for net (gains) losses included in net income | — | (21) |
| Total securities available for sale and transferred securities | (199,234) | 260,088 |
| 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 (benefit) | 418 | 870 |
| Total defined-benefit post-retirement benefit plans | 418 | 870 |
| Other comprehensive income (loss), before tax | (198,816) | 260,958 |
| Deferred tax expense (benefit) | (41,752) | 54,802 |
| Other comprehensive income (loss), net of tax | (157,064) | 206,156 |
| Comprehensive income (loss) | $(21,374) | $383,809 |
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