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v3.23.2

Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Summary of Operating Results by Segment | Summarized operating results by segment were as follows:
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Three months ended: |  |  |  |  |  |  |
June 30, 2023 |  |  |  |  |  |  |
Net interest income (expense) | $ | 385,720 |  |  | $ | 2,090 |  |  | $ | (2,544) |  |  | $ | 385,266 |
Credit loss expense | 9,901 |  |  | — |  |  | — |  |  | 9,901 |
Non-interest income | 57,808 |  |  | 46,147 |  |  | (427) |  |  | 103,528 |
Non-interest expense | 246,927 |  |  | 35,558 |  |  | 2,557 |  |  | 285,042 |
Income (loss) before income taxes | 186,700 |  |  | 12,679 |  |  | (5,528) |  |  | 193,851 |
Income tax expense (benefit) | 30,636 |  |  | 2,663 |  |  | (1,566) |  |  | 31,733 |
Net income (loss) | 156,064 |  |  | 10,016 |  |  | (3,962) |  |  | 162,118 |
Preferred stock dividends | — |  |  | — |  |  | 1,669 |  |  | 1,669 |
Net income (loss) available to common shareholders | $ | 156,064 |  |  | $ | 10,016 |  |  | $ | (5,631) |  |  | $ | 160,449 |
Revenues from (expenses to) external customers | $ | 443,528 |  |  | $ | 48,237 |  |  | $ | (2,971) |  |  | $ | 488,794 |
June 30, 2022 |  |  |  |  |  |  |
Net interest income (expense) | $ | 289,186 |  |  | $ | 958 |  |  | $ | (1,936) |  |  | $ | 288,208 |
Credit loss expense (benefit) | 1 |  |  | (1) |  |  | — |  |  | — |
Non-interest income | 55,397 |  |  | 43,054 |  |  | (524) |  |  | 97,927 |
Non-interest expense | 211,044 |  |  | 33,158 |  |  | 2,145 |  |  | 246,347 |
Income (loss) before income taxes | 133,538 |  |  | 10,855 |  |  | (4,605) |  |  | 139,788 |
Income tax expense (benefit) | 19,821 |  |  | 2,279 |  |  | (1,426) |  |  | 20,674 |
Net income (loss) | 113,717 |  |  | 8,576 |  |  | (3,179) |  |  | 119,114 |
Preferred stock dividends | — |  |  | — |  |  | 1,669 |  |  | 1,669 |
Net income (loss) available to common shareholders | $ | 113,717 |  |  | $ | 8,576 |  |  | $ | (4,848) |  |  | $ | 117,445 |
Revenues from (expenses to) external customers | $ | 344,583 |  |  | $ | 44,012 |  |  | $ | (2,460) |  |  | $ | 386,135 |
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Six months ended: |  |  |  |  |  |  |
June 30, 2023 |  |  |  |  |  |  |
Net interest income (expense) | $ | 785,857 |  |  | $ | 3,744 |  |  | $ | (4,515) |  |  | $ | 785,086 |
Credit loss expense (benefit) | 19,003 |  |  | 2 |  |  | — |  |  | 19,005 |
Non-interest income | 121,451 |  |  | 88,185 |  |  | (843) |  |  | 208,793 |
Non-interest expense | 496,794 |  |  | 69,505 |  |  | 3,885 |  |  | 570,184 |
Income (loss) before income taxes | 391,511 |  |  | 22,422 |  |  | (9,243) |  |  | 404,690 |
Income tax expense (benefit) | 62,754 |  |  | 4,709 |  |  | (2,544) |  |  | 64,919 |
Net income (loss) | 328,757 |  |  | 17,713 |  |  | (6,699) |  |  | 339,771 |
Preferred stock dividends | — |  |  | — |  |  | 3,338 |  |  | 3,338 |
Net income (loss) available to common shareholders | $ | 328,757 |  |  | $ | 17,713 |  |  | $ | (10,037) |  |  | $ | 336,433 |
Revenues from (expenses to) external customers | $ | 907,308 |  |  | $ | 91,929 |  |  | $ | (5,358) |  |  | $ | 993,879 |
June 30, 2022 |  |  |  |  |  |  |
Net interest income (expense) | $ | 539,305 |  |  | $ | 1,658 |  |  | $ | (3,684) |  |  | $ | 537,279 |
Credit loss expense | — |  |  | — |  |  | — |  |  | — |
Non-interest income | 114,103 |  |  | 86,283 |  |  | (1,069) |  |  | 199,317 |
Non-interest expense | 417,582 |  |  | 64,068 |  |  | 3,429 |  |  | 485,079 |
Income (loss) before income taxes | 235,826 |  |  | 23,873 |  |  | (8,182) |  |  | 251,517 |
Income tax expense (benefit) | 30,835 |  |  | 5,013 |  |  | (2,547) |  |  | 33,301 |
Net income (loss) | 204,991 |  |  | 18,860 |  |  | (5,635) |  |  | 218,216 |
Preferred stock dividends | — |  |  | — |  |  | 3,338 |  |  | 3,338 |
Net income (loss) available to common shareholders | $ | 204,991 |  |  | $ | 18,860 |  |  | $ | (8,973) |  |  | $ | 214,878 |
Revenues from (expenses to) external customers | $ | 653,408 |  |  | $ | 87,941 |  |  | $ | (4,753) |  |  | $ | 736,596 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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