Operating Segments (Tables)

12 Months Ended

Dec. 31, 2012

Financial results by operating segment are detailed below. Certain prior period amounts have been reclassified to conform to the current presentation.


	Banking		Frost Wealth Advisors			Non-Banks			Consolidated

2012
Net interest income (expense)	$	605,330	$	8,013		$	(8,482	)	$	604,861
Provision for loan losses		10,078		2			-			10,080
Non-interest income		188,440		96,577			3,770			288,787
Non-interest expense		485,302		82,744			7,047			575,093

Income (loss) before income taxes		298,390		21,844			(11,759	)		308,475
Income tax expense (benefit)		69,078		7,646			(6,201	)		70,523

Net income (loss)	$	229,312	$	14,198		$	(5,558	)	$	237,952

Revenues from (expenses to) external customers	$	793,770	$	104,590		$	(4,712	)	$	893,648

Average assets (in millions)	$	20,783	$	29	⁽¹⁾	$	15		$	20,827

2011
Net interest income (expense)	$	588,092	$	6,323		$	(12,639	)	$	581,776
Provision for loan losses		27,449		(4	)		-			27,445
Non-interest income		196,226		91,710			2,066			290,002
Non-interest expense		469,152		84,114			4,832			558,098

Income (loss) before income taxes		287,717		13,923			(15,405	)		286,235
Income tax expense (benefit)		71,298		4,873			(7,471	)		68,700

Net income (loss)	$	216,419	$	9,050		$	(7,934	)	$	217,535

Revenues from (expenses to) external customers	$	784,318	$	98,033		$	(10,573	)	$	871,778

Average assets (in millions)	$	18,530	$	26	⁽¹⁾	$	13		$	18,569

2010
Net interest income (expense)	$	570,019	$	6,271		$	(12,831	)	$	563,459
Provision for loan losses		43,607		4			-			43,611
Non-interest income		194,111		85,804			2,118			282,033
Non-interest expense		449,430		80,346			5,765			535,541

Income (loss) before income taxes		271,093		11,725			(16,478	)		266,340
Income tax expense (benefit)		60,742		4,101			(7,267	)		57,576

Net income (loss)	$	210,351	$	7,624		$	(9,211	)	$	208,764

Revenues from (expenses to) external customers	$	764,130	$	92,075		$	(10,713	)	$	845,492

Average assets (in millions)	$	17,140	$	27	⁽¹⁾	$	20		$	17,187

(1)	Excludes off balance sheet managed and custody assets with a total fair value of $26.2 billion, $25.2 billion, and $24.9 billion at December 31, 2012, 2011 and 2010.

- 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.

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