Operating Segments

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Operating Segments

Operating Segments

We are managed under a matrix organizational structure whereby our two primary operating segments, Banking and Frost Wealth Advisors, overlap a regional reporting structure. See our 2021 Form 10-K for additional information regarding our operating segments. Summarized operating results by segment were as follows:

	Banking		Frost  Wealth Advisors		Non-Banks		Consolidated
Three months ended:
June 30, 2022
Net interest income (expense)	$	289,186	$	958	$	(1,936)	$	288,208
Credit loss expense	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
June 30, 2021
Net interest income (expense)	$	258,450	$	508	$	(1,802)	$	257,156
Credit loss expense (benefit)	—		—		—		—
Non-interest income	48,944		42,534		(231)		91,247
Non-interest expense	183,109		30,014		2,131		215,254
Income (loss) before income taxes	124,285		13,028		(4,164)		133,149
Income tax expense (benefit)	13,605		2,736		(1,260)		15,081
Net income (loss)	110,680		10,292		(2,904)		118,068
Preferred stock dividends	—		—		1,669		1,669
Net income (loss) available to common shareholders	$	110,680	$	10,292	$	(4,573)	$	116,399
Revenues from (expenses to) external customers	$	307,394	$	43,042	$	(2,033)	$	348,403
Six months ended:
June 30, 2022
Net interest income (expense)	$	539,305	$	1,658	$	(3,684)	$	537,279
Credit loss expense (benefit)	—		—		—		—
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
June 30, 2021
Net interest income (expense)	$	500,655	$	994	$	(3,612)	$	498,037
Credit loss expense	63		—		—		63
Non-interest income	102,724		82,143		(384)		184,483
Non-interest expense	362,260		59,951		3,185		425,396
Income (loss) before income taxes	241,056		23,186		(7,181)		257,061
Income tax expense (benefit)	20,782		4,869		(2,673)		22,978
Net income (loss)	220,274		18,317		(4,508)		234,083
Preferred stock dividends	—		—		3,820		3,820
Net income (loss) available to common shareholders	$	220,274	$	18,317	$	(8,328)	$	230,263
Revenues from (expenses to) external customers	$	603,379	$	83,137	$	(3,996)	$	682,520