XML 70 R53.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | Condensed Balance Sheets
| December 31,
| 2024 |  | 2023
Assets: |  |  |
Cash | $ | 334,512 |  |  | $ | 350,525 |
Total cash and cash equivalents | 334,512 |  |  | 350,525 |
Investment in subsidiaries | 3,828,890 |  |  | 3,625,951 |
Accrued interest receivable and other assets | 1,231 |  |  | 1,233 |
Total assets | $ | 4,164,633 |  |  | $ | 3,977,709 |
Liabilities: |  |  |
Junior subordinated deferrable interest debentures, net of unamortized issuance costs | $ | 123,184 |  |  | $ | 123,127 |
Subordinated notes, net of unamortized issuance costs | 99,648 |  |  | 99,491 |
Accrued interest payable and other liabilities | 43,213 |  |  | 38,644 |
Total liabilities | 266,045 |  |  | 261,262 |
Shareholders’ Equity | 3,898,588 |  |  | 3,716,447 |
Total liabilities and shareholders’ equity | $ | 4,164,633 |  |  | $ | 3,977,709 |
Schedule of Condensed Statements of Income | Condensed Statements of Income
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Income: |  |  |  |  |
Dividend income paid by Frost Bank | $ | 262,214 |  |  | $ | 279,679 |  |  | $ | 51,711 |
Dividend income paid by non-banks | 268 |  |  | 255 |  |  | 109 |
Interest and other income | — |  |  | 1,929 |  |  | — |
Total income | 262,482 |  |  | 281,863 |  |  | 51,820 |
Expenses: |  |  |  |  |
Interest expense | 13,529 |  |  | 13,304 |  |  | 8,829 |
Salaries and employee benefits | 1,727 |  |  | 1,668 |  |  | 1,605 |
Other | 7,304 |  |  | 6,653 |  |  | 6,316 |
Total expenses | 22,560 |  |  | 21,625 |  |  | 16,750 |
Income before income taxes and equity in undistributed earnings of subsidiaries | 239,922 |  |  | 260,238 |  |  | 35,070 |
Income tax benefit | 6,896 |  |  | 5,974 |  |  | 5,641 |
Equity in undistributed earnings of subsidiaries | 335,724 |  |  | 331,761 |  |  | 538,439 |
Net income | 582,542 |  |  | 597,973 |  |  | 579,150 |
Preferred stock dividends | 6,675 |  |  | 6,675 |  |  | 6,675 |
Net income available to common shareholders | $ | 575,867 |  |  | $ | 591,298 |  |  | $ | 572,475 |
Schedule of Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Operating Activities: |  |  |  |  |
Net income | $ | 582,542 |  |  | $ | 597,973 |  |  | $ | 579,150 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed earnings of subsidiaries | (335,724) |  |  | (331,761) |  |  | (538,439) |
Stock-based compensation | 934 |  |  | 880 |  |  | 720 |
Net tax benefit from stock-based compensation | 463 |  |  | 331 |  |  | 472 |
Net change in other assets and other liabilities | 4,322 |  |  | 19,867 |  |  | (15,249) |
Net cash from operating activities | 252,537 |  |  | 287,290 |  |  | 26,654 |
Investing Activities: |  |  |  |  |
Net cash from investing activities | — |  |  | — |  |  | — |
Financing Activities: |  |  |  |  |
Proceeds from stock option exercises | 22,643 |  |  | 9,299 |  |  | 16,659 |
Proceeds from stock-based compensation activities of subsidiaries | 18,829 |  |  | 23,710 |  |  | 17,602 |
Purchase of treasury stock | (60,901) |  |  | (42,720) |  |  | (4,391) |
Cash dividends paid on preferred stock | (6,675) |  |  | (6,675) |  |  | (6,675) |
Cash dividends paid on common stock | (242,446) |  |  | (232,323) |  |  | (209,780) |
Net cash from financing activities | (268,550) |  |  | (248,709) |  |  | (186,585) |
Net change in cash and cash equivalents | (16,013) |  |  | 38,581 |  |  | (159,931) |
Cash and cash equivalents at beginning of year | 350,525 |  |  | 311,944 |  |  | 471,875 |
Cash and cash equivalents at end of year | $ | 334,512 |  |  | $ | 350,525 |  |  | $ | 311,944 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration