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v3.24.2

Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Summary of Operating Results by Segment | Summarized operating results by operating segment were as follows:
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Three months ended: |  |  |  |  |  |  |
June 30, 2024 |  |  |  |  |  |  |
Net interest income (expense) | $ | 398,270 |  |  | $ | 1,907 |  |  | $ | (3,465) |  |  | $ | 396,712 |
Credit loss expense | 15,787 |  |  | — |  |  | — |  |  | 15,787 |
Non-interest income | 62,178 |  |  | 49,489 |  |  | (477) |  |  | 111,190 |
Non-interest expense | 276,196 |  |  | 37,875 |  |  | 2,893 |  |  | 316,964 |
Income (loss) before income taxes | 168,465 |  |  | 13,521 |  |  | (6,835) |  |  | 175,151 |
Income tax expense (benefit) | 28,819 |  |  | 2,839 |  |  | (2,006) |  |  | 29,652 |
Net income (loss) | 139,646 |  |  | 10,682 |  |  | (4,829) |  |  | 145,499 |
Preferred stock dividends | — |  |  | — |  |  | 1,669 |  |  | 1,669 |
Net income (loss) available to common shareholders | $ | 139,646 |  |  | $ | 10,682 |  |  | $ | (6,498) |  |  | $ | 143,830 |
Revenues from (expenses to) external customers | $ | 460,448 |  |  | $ | 51,396 |  |  | $ | (3,942) |  |  | $ | 507,902 |
June 30, 2023 |  |  |  |  |  |  |
Net interest income (expense) | $ | 385,720 |  |  | $ | 2,090 |  |  | $ | (2,544) |  |  | $ | 385,266 |
Credit loss expense (benefit) | 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 |
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Six months ended: |  |  |  |  |  |  |
June 30, 2024 |  |  |  |  |  |  |
Net interest income (expense) | $ | 790,075 |  |  | $ | 3,576 |  |  | $ | (6,888) |  |  | $ | 786,763 |
Credit loss expense (benefit) | 29,437 |  |  | — |  |  | — |  |  | 29,437 |
Non-interest income | 128,558 |  |  | 94,915 |  |  | (906) |  |  | 222,567 |
Non-interest expense | 563,026 |  |  | 75,848 |  |  | 4,307 |  |  | 643,181 |
Income (loss) before income taxes | 326,170 |  |  | 22,643 |  |  | (12,101) |  |  | 336,712 |
Income tax expense (benefit) | 54,454 |  |  | 4,755 |  |  | (3,686) |  |  | 55,523 |
Net income (loss) | 271,716 |  |  | 17,888 |  |  | (8,415) |  |  | 281,189 |
Preferred stock dividends | — |  |  | — |  |  | 3,338 |  |  | 3,338 |
Net income (loss) available to common shareholders | $ | 271,716 |  |  | $ | 17,888 |  |  | $ | (11,753) |  |  | $ | 277,851 |
Revenues from (expenses to) external customers | $ | 918,633 |  |  | $ | 98,491 |  |  | $ | (7,794) |  |  | $ | 1,009,330 |
June 30, 2023 |  |  |  |  |  |  |
Net interest income (expense) | $ | 785,857 |  |  | $ | 3,744 |  |  | $ | (4,515) |  |  | $ | 785,086 |
Credit loss expense | 19,005 |  |  | — |  |  | — |  |  | 19,005 |
Non-interest income | 121,451 |  |  | 88,185 |  |  | (843) |  |  | 208,793 |
Non-interest expense | 496,792 |  |  | 69,507 |  |  | 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 |

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