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Cullen/Frost Bankers
Type
Public
Traded as NYSE: CFR
S&P 400 Component
Industry Finance and Insurance
Founded 1868
Headquarters San Antonio, Texas
United States
Key people
Phillip D. Green, Chairman & CEO
Paul Bracher, President, Cullen/Frost Bankers, Inc.
Jerry Salinas, Group Executive Vice President & CFO
Products Banking Investments Insurance
Revenue $1.22 billion US$ TE(FY 2015)
Increase $271.3 million
Number of employees
4,278
Website www.frostbank.com

Frost Bank is a Texas-chartered bank founded in 1868 and based in San Antonio, with 139 branches across the state. Frost is one of the largest Texas-based banks.The company offers a full range of commercial and consumer banking products, investment and brokerage services and insurance products to customers throughout Texas.

Frost is a subsidiary of Cullen/Frost Bankers, Inc., a financial holding company, also based in San Antonio.

In June 2012, Frost converted its 113-year-old federal charter into a state charter.

The bank was founded in 1868 in San Antonio by Col. Thomas Claiborne (T.C.) Frost. Since then it has acquired many other Texas banks. In 1977, Frost Bank Corp. and Cullen Bankers, Inc. of Houston merged, forming the holding company, Cullen/Frost Bankers, Inc.

In 1982 Cullen/Frost Bankers and United States National Bancshares, Inc. (USNB) of Galveston, Texas merged, but Frost operated USNB separately for nearly two decades. As new financial services legislation allowed banks to broaden the services they offered customers, Cullen/Frost folded the USNB charter into Frost's in 2000. With this action, the last bank using the federally forbidden United States National Bank title ceased to exist.

Growing through the years, Frost was the 10th largest bank headquartered in Texas in the early 1980s. A decade later, it would be the biggest. As energy prices plunged, real estate slumped and the banking industry collapsed, Frost emerged as the only one of the top-10 banks based in Texas to survive intact, without federal assistance or a merger with an out-of-state financial institution.

Frost was the first bank in the nation to decline TARP bailout funds during the financial crisis of 2008 and has more than doubled in asset size since year-end 2007 by growing its banking, investments and insurance business. On December 31, 2014, Frost Bank had $28.6 billion in assets, $35.6 billion in combined trust, brokerage and advisory assets, and 126 locations in the San Antonio, Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and Permian Basin regions.

This growth has solidified the company’s Texas base and fueled an expansion of services. Today, Frost offers a broad range of financial services, including business and consumer banking; investment, trust, retirement and financial management services; insurance and investment banking.

Cullen/Frost Bankers, Inc. was originally listed on NASDAQ in 1977, but began trading under the symbol "CFR" on the New York Stock Exchange in 1997.

Frost Bank branch in San Antonio on the city's Northwest Side.

The Frost Bank Tower is one of the tallest buildings in Austin, Texas.


See also: List of museums in Central Texas

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-01-28 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-07-30 1.47 1.47
Q1 2020 2020-04-30 0.75 0.75
Q4 2019 2020-01-30 1.60 1.60
Q3 2019 2019-10-31 1.73 1.73
Q2 2019 2019-07-25 1.72 1.72
Q1 2019 2019-04-25 1.79 1.79
Q4 2018 2019-01-31 1.82 1.82
Q3 2018 2018-10-25 1.78 1.78

Ratings

2016-07-07 Boost Price Target JPMorgan Chase & Co. Underweight $55.00 to $58.00
2016-06-09 Upgrade Evercore ISI Sell to Hold $52.00 to $67.00
2016-06-07 Initiated Coverage Compass Point Neutral $65.00
2016-05-22 Reiterated Rating Deutsche Bank Buy $64.00
2016-05-22 Reiterated Rating Deutsche Bank AG Buy $64.00
2016-04-28 Boost Price Target RBC Capital Sector Perform $54.00 to $63.00
2016-04-28 Boost Price Target Royal Bank Of Canada Sector Perform $54.00 to $63.00
2016-04-06 Reiterated Rating JPMorgan Chase & Co. Sell
2016-04-01 Boost Price Target Evercore ISI Sell $40.00 to $42.00
2016-02-24 Reiterated Rating Deutsche Bank Hold $56.00 to $57.00
2016-01-29 Lower Price Target Jefferies Group Hold $65.00 to $50.00
2016-01-28 Lower Price Target RBC Capital Sector Perform $60.00 to $54.00
2016-01-22 Reiterated Rating Macquarie Sell
2016-01-21 Lower Price Target Macquarie Underperform $48.00 to $43.00
2016-01-21 Lower Price Target Evercore ISI Sell $40.00
2016-01-21 Lower Price Target RBC Capital Sector Perform $74.00 to $60.00
2016-01-14 Lower Price Target Sterne Agee CRT $64.00 to $59.00
2016-01-13 Lower Price Target Deutsche Bank $75.00 to $61.00
2016-01-13 Downgrade Macquarie Neutral to Underperform
2016-01-13 Downgrade Barclays Equal Weight to Underweight $72.00 to $52.00
2016-01-13 Downgrade Barclays PLC Equal Weight to Underweight $72.00 to $52.00
2016-01-05 Lower Price Target Evercore ISI Sell $60.00 to $54.00
2015-12-10 Lower Price Target SunTrust $75.00 to $68.00
2015-12-10 Lower Price Target SunTrust Banks Inc. $75.00 to $68.00
2015-11-01 Reiterated Rating Deutsche Bank Hold $75.00
2015-10-31 Reiterated Rating Bank of America Underperform $68.00
2015-10-31 Reiterated Rating Bank of America Corp. Underperform $68.00
2015-10-29 Boost Price Target Sterne Agee CRT $66.00 to $67.00
2015-10-29 Boost Price Target Morgan Stanley $70.00 to $72.00
2015-10-29 Boost Price Target Barclays Equal Weight $69.00 to $72.00
2015-10-09 Reiterated Rating Barclays Hold $78.00 to $69.00
2015-10-08 Lower Price Target Sterne Agee CRT $70.00 to $66.00
2015-10-06 Lower Price Target Jefferies Group Hold $72.00 to $70.00
2015-09-11 Downgrade Evercore ISI Hold to Sell $72.00 to $60.00
2015-09-10 Lower Price Target Sterne Agee CRT $72.00 to $70.00
2015-08-26 Lower Price Target SunTrust Neutral $85.00 to $68.00
2015-08-19 Initiated Coverage Sterne Agee CRT Neutral $72.00
2015-07-30 Boost Price Target RBC Capital Sector Perform $72.00 to $74.00
2015-07-02 Boost Price Target Jefferies Group $70.00 to $72.00
2015-06-30 Boost Price Target Wunderlich Hold $70.00 to $74.00
2015-06-16 Boost Price Target Barclays Equal Weight $76.00 to $82.00
2015-06-12 Initiated Coverage Piper Jaffray Neutral $81.50
2015-06-12 Initiated Coverage Piper Jaffray Cos. Neutral $81.50
2015-05-28 Reiterated Rating Bank of America Sell
2015-05-25 Reiterated Rating RBC Capital Hold $72.00
2015-05-07 Reiterated Rating Evercore ISI Hold $68.00 to $72.00
2015-05-01 Boost Price Target FBR & Co. Underperform $65.00 to $68.00
2015-05-01 Boost Price Target FBR & Co Underperform $65.00 to $68.00
2015-04-30 Boost Price Target Barclays Equal Weight $72.00 to $76.00
2015-04-30 Boost Price Target Maxim Group Buy $80.00 to $85.00
2015-04-30 Boost Price Target RBC Capital Sector Perform $70.00 to $72.00
2015-02-13 Lower Price Target FBR & Co. Sell $68.00 to $65.00
2015-01-29 Reiterated Rating Keefe, Bruyette & Woods Hold $80.00 to $70.00
2015-01-29 Lower Price Target Maxim Group Buy $90.00 to $80.00
2015-01-29 Lower Price Target Wunderlich Hold $89.00 to $70.00
2015-01-13 Lower Price Target Barclays Equal Weight $84.00 to $72.00
2015-01-12 Set Price Target Wunderlich Hold $89.00
2014-12-23 Upgrade Morgan Stanley Underweight to Equal Weight
2014-12-17 Initiated Coverage Bank of America Underperform $66.00
2014-10-30 Reiterated Rating Keefe, Bruyette & Woods Market Perform $76.00 to $80.00
2014-10-30 Reiterated Rating Wunderlich Market Perform $76.00 to $80.00
2014-10-16 Upgrade BMO Capital Markets Underperform to Market Perform $75.00
2014-10-03 Upgrade Barclays Underweight to Equal Weight $75.00 to $84.00
2014-09-26 Boost Price Target Wunderlich Hold $80.00 to $89.00
2014-08-01 Boost Price Target FBR & Co. $63.00 to $68.00
2014-07-31 Boost Price Target Maxim Group Buy $86.00 to $90.00
2014-07-31 Reiterated Rating JPMorgan Chase & Co. Underweight $73.00 to $77.00
2014-07-31 Upgrade Portales Partners Underperform to Sector Perform
2014-07-31 Reiterated Rating Wunderlich Hold $72.00 to $80.00
2014-04-30 Reiterated Rating Deutsche Bank Positive
2014-04-25 Boost Price Target Jefferies Group $73.00 to $75.00
2014-04-24 Boost Price Target Barclays Underweight $70.00 to $75.00
2014-04-24 Boost Price Target BMO Capital Markets $69.00 to $75.00
2014-04-24 Boost Price Target Maxim Group Buy $82.00 to $86.00
2014-04-24 Boost Price Target RBC Capital Sector Perform $74.00 to $78.00
2014-04-24 Upgrade Keefe, Bruyette & Woods Underperform to Market Perform $76.00
2014-04-10 Downgrade S&P Equity Research Hold to Sell $75.00
2014-04-07 Boost Price Target Macquarie $70.00 to $75.00
2014-04-01 Upgrade Sterne Agee CRT Underperform to Neutral $68.00 to $74.00
2014-03-27 Boost Price Target Morgan Stanley $66.00 to $69.00
2014-01-31 Boost Price Target BMO Capital Markets $66.00 to $69.00
2014-01-30 Boost Price Target Keefe, Bruyette & Woods $67.00 to $69.00
2013-10-31 Boost Price Target Jefferies Group Hold $65.00 to $68.00
2013-10-08 Boost Price Target BMO Capital Markets Underperform $60.00 to $63.00
2010-03-09 Downgrade Wunderlich Buy to Hold $55
2016-07-07 Boost Price Target JPMorgan Chase & Co. Underweight $55.00 to $58.00
2016-06-09 Upgrade Evercore ISI Sell to Hold $52.00 to $67.00
2016-06-07 Initiated Coverage Compass Point Neutral $65.00
2016-05-22 Reiterated Rating Deutsche Bank Buy $64.00
2016-05-22 Reiterated Rating Deutsche Bank AG Buy $64.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Wood Jack A 1.44%  (909123) CFR /
EVANS RICHARD W JR Chairman, CEO and President 0.67%  (420459) CFR /
ALVAREZ CARLOS 0.59%  (370000) CFR /
FROST PATRICK B Pres., The Frost National Bank 0.24%  (148536) CFR /
Kardys Richard Group Executive Vice President 0.19%  (117592) CFR /
Perotti William L Group Executive Vice President 0.13%  (79382) CFR /
Bracher Paul President 0.12%  (78364) CFR /
EDWARDS CRAWFORD H 0.09%  (54513) CFR /
WESTON GRAHAM M 0.08%  (48371) CFR / RAX /
GREEN PHILLIP D Group EVP / CFO 0.05%  (31403) CFR /
Berman Bobby Group Executive Vice President 0.05%  (29792) CFR /
KLEBERG RICHARD M III 0.04%  (28025) CFR /
Olivier Paul Group Executive Vice President 0.03%  (19416) CFR /
Skillman Emily Group Executive Vice President 0.02%  (14316) CFR /
Salinas Jerry GEVP and CFO 0.02%  (12184) CFR /
Beck David W Jr President 0.02%  (10068) CFR /
CALDWELL ROYCE S 0.01%  (7718) CFR /
Wolfshohl Candace K Group Executive Vice President 0.01%  (6645) CFR /
ALEXANDER R DENNY 0.01%  (5337) CFR /
Avery Chris 0.01%  (5000) CFR /

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