Cullen/Frost Bankers, Inc. (N:CFR)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 111 W Houston St SAN ANTONIO TX 78205 |
| Tel: | 1-210-2205234 |
| Website: | https://www.frostbank.com |
| IR: | See website |
| Key People | ||
| Phillip D. Green Chairman of the Board, Chief Executive Officer | Kenny Wilson Group Executive Vice President, Chief Wealth Officer of Frost Bank | Paul H. Bracher President, Group Executive Vice President and Chief Banking Officer of Frost Bank |
| Jerry Salinas Chief Financial Officer, Group Executive Vice President | Annette M. Alonzo Chief Human Resource Officer, Group Executive Vice President | Robert A. Berman Group Executive Vice President - Research and Strategy of Frost Bank |
| Howard L. Kasanoff Group Executive Vice President, Chief Credit Officer of Frost Bank | Coolidge E. Rhodes Group Executive Vice President, General Counsel and Corporate Secretary of Frost Bank | Carol Jean Severyn Group Executive Vice President, Chief Risk Officer of Frost Bank | Jimmy Stead Group Executive Vice President, Chief Consumer Banking Officer of Frost Bank |
| Business Overview |
| Cullen/Frost Bankers, Inc. is a financial holding and bank holding company. The Company's segments include Banking and Frost Wealth Advisors. The Banking segment includes both commercial and consumer banking services and Frost Insurance Agency. Its commercial banking services are provided to corporations and other business clients and include a range of lending and cash management products. Its consumer banking services include direct lending and depository services. Its Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and securities brokerage services. The Company serves a range of industries, including energy, manufacturing, construction, and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cullen/Frost Bankers, Inc. interest income increased 50% to $2.22B. Net interest income after loan loss provision increased 17% to $1.51B. Net income applicable to common stockholders increased 3% to $585M. Net interest income after loan loss provision reflects Banking segment increase of 17% to $1.52B, Frost Wealth Advisors segment increase of 64% to $7.6M, Net Interest Margin. |
| Employees: | 5,495 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $11,242M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,218M as of Dec 31, 2023 |
| EBITDA (TTM): | $803.74M as of Dec 31, 2023 |
| Net annual income (TTM): | $585.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | $81.22M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,746M as of Dec 31, 2023 |
| Shares outstanding: | 64,217,211 as of Mar 1, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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