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v3.25.2

Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Summary of Operating Results by Segment | Financial results by operating segment, including significant expense categories provided to the chief operating decision maker, are detailed below.
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Three months ended: |  |  |  |  |  |  |
June 30, 2025 |  |  |  |  |  |  |
Interest income | $ | 599,875 |  |  | $ | 2,083 |  |  | $ | — |  |  | $ | 601,958 |
Interest expense | 169,150 |  |  | 99 |  |  | 3,105 |  |  | 172,354 |
Net interest income (expense) | 430,725 |  |  | 1,984 |  |  | (3,105) |  |  | 429,604 |
Credit loss expense | 13,129 |  |  | — |  |  | — |  |  | 13,129 |
Net interest income after credit loss expense | 417,596 |  |  | 1,984 |  |  | (3,105) |  |  | 416,475 |
Non-interest income: |  |  |  |  |  |  |
Trust and investment management fees | — |  |  | 43,844 |  |  | (175) |  |  | 43,669 |
Service charges on deposit accounts | 29,149 |  |  | 2 |  |  | — |  |  | 29,151 |
Insurance commissions and fees | 13,879 |  |  | — |  |  | — |  |  | 13,879 |
Interchange and card transaction fees | 5,619 |  |  | — |  |  | — |  |  | 5,619 |
Other charges, commissions and fees | 8,031 |  |  | 5,936 |  |  | — |  |  | 13,967 |
Net gain (loss) on securities transactions | — |  |  | — |  |  | — |  |  | — |
Other | 9,002 |  |  | 1,928 |  |  | 58 |  |  | 10,988 |
Total non-interest income | 65,680 |  |  | 51,710 |  |  | (117) |  |  | 117,273 |
Non-interest expense: |  |  |  |  |  |  |
Salaries and wages | 142,089 |  |  | 19,664 |  |  | 396 |  |  | 162,149 |
Employee benefits | 29,244 |  |  | 3,557 |  |  | 25 |  |  | 32,826 |
Net occupancy | 30,893 |  |  | 3,747 |  |  | — |  |  | 34,640 |
Technology, furniture and equipment | 39,178 |  |  | 1,344 |  |  | 50 |  |  | 40,572 |
Deposit insurance | 6,579 |  |  | 11 |  |  | — |  |  | 6,590 |
Other | 54,412 |  |  | 13,414 |  |  | 2,525 |  |  | 70,351 |
Total non-interest expense | 302,395 |  |  | 41,737 |  |  | 2,996 |  |  | 347,128 |
Income (loss) before income taxes | 180,881 |  |  | 11,957 |  |  | (6,218) |  |  | 186,620 |
Income tax expense (benefit) | 28,891 |  |  | 2,511 |  |  | (1,785) |  |  | 29,617 |
Net income (loss) | 151,990 |  |  | 9,446 |  |  | (4,433) |  |  | 157,003 |
Preferred stock dividends | — |  |  | — |  |  | 1,669 |  |  | 1,669 |
Net income (loss) available to common shareholders | $ | 151,990 |  |  | $ | 9,446 |  |  | $ | (6,102) |  |  | $ | 155,334 |
Revenues from (expenses to) external customers | $ | 496,405 |  |  | $ | 53,694 |  |  | $ | (3,222) |  |  | $ | 546,877 |
Average assets (in millions) | $ | 51,117 |  |  | $ | 65 |  |  | $ | 9 |  |  | $ | 51,191 |
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Three months ended: |  |  |  |  |  |  |
June 30, 2024 |  |  |  |  |  |  |
Interest income | $ | 594,264 |  |  | $ | 2,021 |  |  | $ | — |  |  | $ | 596,285 |
Interest expense | 202,924 |  |  | 114 |  |  | (3,465) |  |  | 199,573 |
Net interest income (expense) | 398,270 |  |  | 1,907 |  |  | (3,465) |  |  | 396,712 |
Credit loss expense | 15,787 |  |  | — |  |  | — |  |  | 15,787 |
Net interest income after credit loss expense | 382,483 |  |  | 1,907 |  |  | (3,465) |  |  | 380,925 |
Non-interest income: |  |  |  |  |  |  |
Trust and investment management fees | — |  |  | 41,950 |  |  | (546) |  |  | 41,404 |
Service charges on deposit accounts | 26,111 |  |  | 3 |  |  | — |  |  | 26,114 |
Insurance commissions and fees | 13,919 |  |  | — |  |  | — |  |  | 13,919 |
Interchange and card transaction fees | 5,351 |  |  | — |  |  | — |  |  | 5,351 |
Other charges, commissions and fees | 7,364 |  |  | 5,656 |  |  | — |  |  | 13,020 |
Net gain (loss) on securities transactions | — |  |  | — |  |  | — |  |  | — |
Other | 9,433 |  |  | 1,880 |  |  | 69 |  |  | 11,382 |
Total non-interest income | 62,178 |  |  | 49,489 |  |  | (477) |  |  | 111,190 |
Non-interest expense: |  |  |  |  |  |  |
Salaries and wages | 132,831 |  |  | 18,001 |  |  | 405 |  |  | 151,237 |
Employee benefits | 25,663 |  |  | 3,112 |  |  | 27 |  |  | 28,802 |
Net occupancy | 28,872 |  |  | 3,502 |  |  | — |  |  | 32,374 |
Technology, furniture and equipment | 34,530 |  |  | 1,368 |  |  | 53 |  |  | 35,951 |
Deposit insurance | 8,353 |  |  | 30 |  |  | — |  |  | 8,383 |
Other | 45,947 |  |  | 11,862 |  |  | 2,408 |  |  | 60,217 |
Total 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 |
Average assets (in millions) | $ | 48,897 |  |  | $ | 54 |  |  | $ | 9 |  |  | $ | 48,960 |
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Six months ended: |  |  |  |  |  |  |
June 30, 2025 |  |  |  |  |  |  |
Interest income | $ | 1,183,116 |  |  | $ | 3,959 |  |  | $ | — |  |  | $ | 1,187,075 |
Interest expense | 334,850 |  |  | 188 |  |  | 6,213 |  |  | 341,251 |
Net interest income (expense) | 848,266 |  |  | 3,771 |  |  | (6,213) |  |  | 845,824 |
Credit loss expense | 26,199 |  |  | — |  |  | — |  |  | 26,199 |
Net interest income after credit loss expense | 822,067 |  |  | 3,771 |  |  | (6,213) |  |  | 819,625 |
Non-interest income: |  |  |  |  |  |  |
Trust and investment management fees | — |  |  | 87,388 |  |  | (788) |  |  | 86,600 |
Service charges on deposit accounts | 57,767 |  |  | 5 |  |  | — |  |  | 57,772 |
Insurance commissions and fees | 34,898 |  |  | — |  |  | — |  |  | 34,898 |
Interchange and card transaction fees | 11,021 |  |  | — |  |  | — |  |  | 11,021 |
Other charges, commissions and fees | 15,437 |  |  | 12,116 |  |  | — |  |  | 27,553 |
Net gain (loss) on securities transactions | (14) |  |  | — |  |  | — |  |  | (14) |
Other | 20,387 |  |  | 2,951 |  |  | 116 |  |  | 23,454 |
Total non-interest income | 139,496 |  |  | 102,460 |  |  | (672) |  |  | 241,284 |
Non-interest expense: |  |  |  |  |  |  |
Salaries and wages | 283,181 |  |  | 39,033 |  |  | 792 |  |  | 323,006 |
Employee benefits | 66,582 |  |  | 8,351 |  |  | 50 |  |  | 74,983 |
Net occupancy | 60,629 |  |  | 7,288 |  |  | — |  |  | 67,917 |
Technology, furniture and equipment | 77,735 |  |  | 2,852 |  |  | 103 |  |  | 80,690 |
Deposit insurance | 13,750 |  |  | 24 |  |  | — |  |  | 13,774 |
Other | 105,240 |  |  | 26,054 |  |  | 3,530 |  |  | 134,824 |
Total non-interest expense | 607,117 |  |  | 83,602 |  |  | 4,475 |  |  | 695,194 |
Income (loss) before income taxes | 354,446 |  |  | 22,629 |  |  | (11,360) |  |  | 365,715 |
Income tax expense (benefit) | 56,417 |  |  | 4,752 |  |  | (3,379) |  |  | 57,790 |
Net income (loss) | 298,029 |  |  | 17,877 |  |  | (7,981) |  |  | 307,925 |
Preferred stock dividends | — |  |  | — |  |  | 3,338 |  |  | 3,338 |
Net income (loss) available to common shareholders | $ | 298,029 |  |  | $ | 17,877 |  |  | $ | (11,319) |  |  | $ | 304,587 |
Revenues from (expenses to) external customers | $ | 987,762 |  |  | $ | 106,231 |  |  | $ | (6,885) |  |  | $ | 1,087,108 |
Average assets (in millions) | $ | 50,987 |  |  | $ | 68 |  |  | $ | 9 |  |  | $ | 51,064 |
| Banking |  | Frost Wealth Advisors |  | Non-Banks |  | Consolidated
Six months ended: |  |  |  |  |  |  |
June 30, 2024 |  |  |  |  |  |  |
Interest income | $ | 1,177,993 |  |  | $ | 3,792 |  |  | $ | — |  |  | $ | 1,181,785 |
Interest expense | 387,918 |  |  | 216 |  |  | 6,888 |  |  | 395,022 |
Net interest income (expense) | 790,075 |  |  | 3,576 |  |  | (6,888) |  |  | 786,763 |
Credit loss expense | 29,437 |  |  | — |  |  | — |  |  | 29,437 |
Net interest income after credit loss expense | 760,638 |  |  | 3,576 |  |  | (6,888) |  |  | 757,326 |
Non-interest income: |  |  |  |  |  |  |
Trust and investment management fees | — |  |  | 81,530 |  |  | (1,041) |  |  | 80,489 |
Service charges on deposit accounts | 50,903 |  |  | 6 |  |  | — |  |  | 50,909 |
Insurance commissions and fees | 32,215 |  |  | — |  |  | — |  |  | 32,215 |
Interchange and card transaction fees | 9,825 |  |  | — |  |  | — |  |  | 9,825 |
Other charges, commissions and fees | 14,489 |  |  | 10,591 |  |  | — |  |  | 25,080 |
Net gain (loss) on securities transactions | — |  |  | — |  |  | — |  |  | — |
Other | 21,126 |  |  | 2,788 |  |  | 135 |  |  | 24,049 |
Total non-interest income | 128,558 |  |  | 94,915 |  |  | (906) |  |  | 222,567 |
Non-interest expense: |  |  |  |  |  |  |
Salaries and wages | 262,863 |  |  | 35,563 |  |  | 811 |  |  | 299,237 |
Employee benefits | 57,537 |  |  | 7,182 |  |  | 53 |  |  | 64,772 |
Net occupancy | 57,008 |  |  | 7,144 |  |  | — |  |  | 64,152 |
Technology, furniture and equipment | 68,045 |  |  | 2,800 |  |  | 101 |  |  | 70,946 |
Deposit insurance | 23,066 |  |  | 41 |  |  | — |  |  | 23,107 |
Other | 94,507 |  |  | 23,118 |  |  | 3,342 |  |  | 120,967 |
Total 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 |
Average assets (in millions) | $ | 49,074 |  |  | $ | 59 |  |  | $ | 9 |  |  | $ | 49,142 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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