CULLENFROST BANKERS INC
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Jul 25, 2024
CFR$155.23-0.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
| PreferredStock | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss),Net of Tax | TreasuryStock | Total | |
|---|---|---|---|---|---|---|---|
| Three months ended: | |||||||
| Balance at beginning of period | $145,452 | $644 | $1,059,547 | $3,726,559 | $(1,276,283) | $(17,739) | $3,638,180 |
| Net income | — | — | — | 145,499 | — | — | 145,499 |
| Other comprehensive income (loss), net of tax | — | — | — | — | (33,061) | — | (33,061) |
| Stock option exercises/stock unit conversions (38,452 shares) | — | — | — | (573) | — | 2,867 | 2,294 |
| Stock-based compensation expense recognized in earnings | — | — | 4,523 | — | — | — | 4,523 |
| Purchase of treasury stock (301,094 shares) | — | — | — | — | — | (30,153) | (30,153) |
| Cash dividends – Series B preferred stock (approximately $11.13 per share which is equivalent to approximately $0.28 per depositary share) | — | — | — | (1,669) | — | — | (1,669) |
| Cash dividends – common stock ($0.92 per share) | — | — | — | (59,808) | — | — | (59,808) |
| Balance at end of period | $145,452 | $644 | $1,064,070 | $3,810,008 | $(1,309,344) | $(45,025) | $3,665,805 |
| Balance at beginning of period | $145,452 | $644 | $1,035,961 | $3,428,991 | $(1,142,138) | $(1,109) | $3,467,801 |
| Net income | — | — | — | 162,118 | — | — | 162,118 |
| Other comprehensive income (loss), net of tax | — | — | — | — | (162,889) | — | (162,889) |
| Stock option exercises/stock unit conversions (13,626 shares) | — | — | — | (491) | — | 1,437 | 946 |
| Stock-based compensation expense recognized in earnings | — | — | 4,793 | — | — | — | 4,793 |
| Purchase of treasury stock (289,149 shares) | — | — | — | — | — | (27,951) | (27,951) |
| Cash dividends – Series B preferred stock (approximately $11.13 per share which is equivalent to approximately $0.28 per depositary share) | — | — | — | (1,669) | — | — | (1,669) |
| Cash dividends – common stock ($0.87 per share) | — | — | — | (56,407) | — | — | (56,407) |
| Balance at end of period | $145,452 | $644 | $1,040,754 | $3,532,542 | $(1,305,027) | $(27,623) | $3,386,742 |
See accompanying Notes to Consolidated Financial Statements
Consolidated Statements of Changes in Shareholders’ Equity
| PreferredStock | CommonStock | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss),Net of Tax | TreasuryStock | Total | |
|---|---|---|---|---|---|---|---|
| Six months ended: | |||||||
| Balance at beginning of period | $145,452 | $644 | $1,055,809 | $3,657,688 | $(1,119,219) | $(23,927) | $3,716,447 |
| Net income | — | — | — | 281,189 | — | — | 281,189 |
| Other comprehensive income (loss), net of tax | — | — | — | — | (190,125) | — | (190,125) |
| Stock option exercises/stock unit conversions (122,628 shares) | — | — | — | (5,919) | — | 11,128 | 5,209 |
| Stock-based compensation expense recognized in earnings | — | — | 8,261 | — | — | — | 8,261 |
| Purchase of treasury stock (319,287 shares) | — | — | — | — | — | (32,226) | (32,226) |
| Cash dividends – Series B preferred stock (approximately $22.25 per share which is equivalent to approximately $0.56 per depositary share) | — | — | — | (3,338) | — | — | (3,338) |
| Cash dividends – common stock ($1.84 per share) | — | — | — | (119,612) | — | — | (119,612) |
| Balance at end of period | $145,452 | $644 | $1,064,070 | $3,810,008 | $(1,309,344) | $(45,025) | $3,665,805 |
| Balance at beginning of period | $145,452 | $643 | $1,029,756 | $3,309,671 | $(1,348,294) | $— | $3,137,228 |
| Net income | — | — | — | 339,771 | — | — | 339,771 |
| Other comprehensive income (loss), net of tax | — | — | — | — | 43,267 | — | 43,267 |
| Stock option exercises/stock unit conversions (64,013 shares) | — | 1 | 1,463 | (519) | — | 1,501 | 2,446 |
| Stock-based compensation expense recognized in earnings | — | — | 9,535 | — | — | — | 9,535 |
| Purchase of treasury stock (298,332 shares) | — | — | — | — | — | (29,124) | (29,124) |
| Cash dividends – Series B preferred stock (approximately $22.25 per share which is equivalent to approximately $0.56 per depositary share) | — | — | — | (3,338) | — | — | (3,338) |
| Cash dividends – common stock ($1.74 per share) | — | — | — | (113,043) | — | — | (113,043) |
| Balance at end of period | $145,452 | $644 | $1,040,754 | $3,532,542 | $(1,305,027) | $(27,623) | $3,386,742 |
See accompanying Notes to Consolidated Financial Statements
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