What does banking — redemption of preferred stock mean?

Cash spent to buy back or retire preferred stock.

How do you interpret banking — redemption of preferred stock?

An increase indicates active capital return to preferred shareholders or a reduction in dividend obligations.

How does banking — redemption of preferred stock compare across companies?

Found in the financing section of the cash flow statement for most financial institutions.

Cullen/Frost Bankers CFR Banking — Redemption of preferred stock

Discontinued — last reported Q4 '20

Similar metrics at other companies

SPGPayments For Repurchase Of Redeemable Convertible Preferred Stock

$1.25M-33.3%

FLRPayments For Repurchase Of Convertible Preferred Stock

$0—

KHCReportable Legal Entities — Payments For Repurchase Of Redeemable Preferred Stock

$0-100%

COFDiscount For Preferred Stock Redeemed

$0—

REGReportable Legal Entities — Payments For Repurchase Of Preferred Units

$250M—

FNFPayments for Repurchase of Common Stock By Subsidiary

$0—

Other financials

Income statement

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Revenue$574.8M+6.4%

Net income$171.0M+13.3%

EPS (diluted)$2.65+15.2%

Balance sheet

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Cash & equivalents$7.1B-9.0%

Total debt$296.4M—

Total equity$4.5B+10.1%

Total assets$52.7B+1.4%

Cash flow

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Operating cash flow$237.3M+180%

CapEx$38.6M-5.7%

Free cash flow$198.7M+159%

Valuation

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Market cap$9.15B+7.3%

P/E13.7×-0.6×

P/S4×0.0×

Profitability

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Net margin29.5%+1.0pp

FCF margin3.5%—

Returns & leverage

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Return on equity15.5%0.0pp

Debt / equity0.1×—

Where this comes from

Reported directly by Cullen/Frost Bankers in its filing.

Tagged under the XBRL concept us-gaap:PreferredStockAccretionOfRedemptionDiscount.

The official record: Cullen/Frost Bankers’s 10-K, filed February 3, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does banking — redemption of preferred stock mean?: Cash spent to buy back or retire preferred stock.
How do you interpret banking — redemption of preferred stock?: An increase indicates active capital return to preferred shareholders or a reduction in dividend obligations.
How does banking — redemption of preferred stock compare across companies?: Found in the financing section of the cash flow statement for most financial institutions.