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v3.23.3

Operating Segments (Tables) | 9 Months Ended
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Sep. 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: |  |  |  |  |  |  |
September 30, 2023 |  |  |  |  |  |  |
Net interest income (expense) | $ | 386,832 |  |  | $ | 2,018 |  |  | $ | (3,424) |  |  | $ | 385,426 |
Credit loss expense | 11,185 |  |  | — |  |  | — |  |  | 11,185 |
Non-interest income | 62,518 |  |  | 43,903 |  |  | (423) |  |  | 105,998 |
Non-interest expense | 254,747 |  |  | 37,304 |  |  | 1,205 |  |  | 293,256 |
Income (loss) before income taxes | 183,418 |  |  | 8,617 |  |  | (5,052) |  |  | 186,983 |
Income tax expense (benefit) | 31,021 |  |  | 1,809 |  |  | (1,498) |  |  | 31,332 |
Net income (loss) | 152,397 |  |  | 6,808 |  |  | (3,554) |  |  | 155,651 |
Preferred stock dividends | — |  |  | — |  |  | 1,668 |  |  | 1,668 |
Net income (loss) available to common shareholders | $ | 152,397 |  |  | $ | 6,808 |  |  | $ | (5,222) |  |  | $ | 153,983 |
Revenues from (expenses to) external customers | $ | 449,350 |  |  | $ | 45,921 |  |  | $ | (3,847) |  |  | $ | 491,424 |
September 30, 2022 |  |  |  |  |  |  |
Net interest income (expense) | $ | 356,513 |  |  | $ | 1,357 |  |  | $ | (2,323) |  |  | $ | 355,547 |
Credit loss expense (benefit) | — |  |  | — |  |  | — |  |  | — |
Non-interest income | 55,994 |  |  | 44,263 |  |  | (436) |  |  | 99,821 |
Non-interest expense | 223,192 |  |  | 33,531 |  |  | 1,175 |  |  | 257,898 |
Income (loss) before income taxes | 189,315 |  |  | 12,089 |  |  | (3,934) |  |  | 197,470 |
Income tax expense (benefit) | 26,520 |  |  | 2,539 |  |  | (1,349) |  |  | 27,710 |
Net income (loss) | 162,795 |  |  | 9,550 |  |  | (2,585) |  |  | 169,760 |
Preferred stock dividends | — |  |  | — |  |  | 1,668 |  |  | 1,668 |
Net income (loss) available to common shareholders | $ | 162,795 |  |  | $ | 9,550 |  |  | $ | (4,253) |  |  | $ | 168,092 |
Revenues from (expenses to) external customers | $ | 412,507 |  |  | $ | 45,620 |  |  | $ | (2,759) |  |  | $ | 455,368 |
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Nine months ended: |  |  |  |  |  |  |
September 30, 2023 |  |  |  |  |  |  |
Net interest income (expense) | $ | 1,172,689 |  |  | $ | 5,762 |  |  | $ | (7,939) |  |  | $ | 1,170,512 |
Credit loss expense (benefit) | 30,190 |  |  | — |  |  | — |  |  | 30,190 |
Non-interest income | 183,969 |  |  | 132,088 |  |  | (1,266) |  |  | 314,791 |
Non-interest expense | 751,539 |  |  | 106,811 |  |  | 5,090 |  |  | 863,440 |
Income (loss) before income taxes | 574,929 |  |  | 31,039 |  |  | (14,295) |  |  | 591,673 |
Income tax expense (benefit) | 93,775 |  |  | 6,518 |  |  | (4,042) |  |  | 96,251 |
Net income (loss) | 481,154 |  |  | 24,521 |  |  | (10,253) |  |  | 495,422 |
Preferred stock dividends | — |  |  | — |  |  | 5,006 |  |  | 5,006 |
Net income (loss) available to common shareholders | $ | 481,154 |  |  | $ | 24,521 |  |  | $ | (15,259) |  |  | $ | 490,416 |
Revenues from (expenses to) external customers | $ | 1,356,658 |  |  | $ | 137,850 |  |  | $ | (9,205) |  |  | $ | 1,485,303 |
September 30, 2022 |  |  |  |  |  |  |
Net interest income (expense) | $ | 895,818 |  |  | $ | 3,015 |  |  | $ | (6,007) |  |  | $ | 892,826 |
Credit loss expense | — |  |  | — |  |  | — |  |  | — |
Non-interest income | 170,097 |  |  | 130,546 |  |  | (1,505) |  |  | 299,138 |
Non-interest expense | 640,774 |  |  | 97,599 |  |  | 4,604 |  |  | 742,977 |
Income (loss) before income taxes | 425,141 |  |  | 35,962 |  |  | (12,116) |  |  | 448,987 |
Income tax expense (benefit) | 57,355 |  |  | 7,552 |  |  | (3,896) |  |  | 61,011 |
Net income (loss) | 367,786 |  |  | 28,410 |  |  | (8,220) |  |  | 387,976 |
Preferred stock dividends | — |  |  | — |  |  | 5,006 |  |  | 5,006 |
Net income (loss) available to common shareholders | $ | 367,786 |  |  | $ | 28,410 |  |  | $ | (13,226) |  |  | $ | 382,970 |
Revenues from (expenses to) external customers | $ | 1,065,915 |  |  | $ | 133,561 |  |  | $ | (7,512) |  |  | $ | 1,191,964 |

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