Cullen/Frost Bankers
24 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Other companies
Commercial real estate
insures or lends to · approximately 47.1% of our loan portfolionamed as a riskAs of December 31, 2025, commercial real estate mortgage loans comprised approximately 47.1% of our loan portfolio.Risk factors (Item 1A)
Also named by AFL, APO, AUB, BAC, C, FSUN, GBCI, JPM and 11 more
Commercial and industrial, energy, construction and commercial real estate loans
insures or lends to · approximately 80.9% of our loan portfolionamed as a riskAs of December 31, 2025, approximately 80.9% of our loan portfolio consisted of commercial and industrial, energy, construction and commercial real estate mortgage loans.Risk factors (Item 1A)
Uninsured deposits
depends on · approximately 52% of our depositsnamed as a riskAs of December 31, 2025, approximately 52% of our deposits were uninsured and we rely on these deposits for liquidity.Risk factors (Item 1A)
Dividends from Frost Bank
depends on · approximately $977.4 millionnamed as a riskUnder the foregoing dividend restrictions, and while maintaining its “well capitalized” status, Frost Bank could pay aggregate dividends of approximately $977.4 million to Cullen/Frost, without obtaining affirmative governmental approvals, at December 31, 2025.Business (Item 1)
U.S. government securities
exposed to its pricenamed as a riskMany of our investment securities are issued by the U.S. government and government agencies and sponsored entities.Risk factors (Item 1A)
Organization of the Petroleum Exporting Countries (OPEC)
named as a riskGlobal wars, military conflicts, terrorism, governmental and social responses to environmental issues and climate change, or other geopolitical events as well as actions by members of the Organization of Petroleum Exporting Countries (“OPEC”) can impact global crude oil and gas production levels and lead to significant volatility in global oil and gas supplies and market prices.Risk factors (Item 1A)
Places
Texas municipal bonds
concentrated in · all of the securities in our municipal bond portfolionamed as a riskMoreover, all of the securities in our municipal bond portfolio were issued by political subdivisions or agencies within the State of Texas.Risk factors (Item 1A)
Hazards
Hurricanes
named as a riskClimate change exposes us and our customers to physical risk as its effects may lead to more frequent and more extreme weather events, such as prolonged droughts or flooding, tornados, hurricanes, wildfires and extreme seasonal weather; and longer-term shifts, such as increasing average temperatures, ozone depletion and rising sea levels.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Commodities and inputs
Crude oil
exposed to its price · $1.1 billion of energy loans which comprised approximately 5.0% of our loan portfolionamed as a riskAs of December 31, 2025, we had $1.1 billion of energy loans which comprised approximately 5.0% of our loan portfolio at that date.Risk factors (Item 1A)
Also named by AESI, ALK, APA, ARLP, BDX, CL, CLMT, COP and 48 more
Regulators
Consumer Financial Protection Bureau (CFPB)
subject toFrost Bank and its affiliates are also subject to supervision, regulation, examination and enforcement by the Consumer Financial Protection Bureau (“CFPB”) and state regulators with respect to consumer protection laws and regulations.Business (Item 1)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Deposit Insurance Corporation (FDIC)
subject toDeposits at Frost Bank are insured up to applicable limits by the Deposit Insurance Fund (“DIF”) of the FDIC and Frost Bank is subject to deposit insurance assessments to maintain the DIF.Business (Item 1)
Also named by AFRM, BAC, BNY, CASH, CFG, COF, FCFS, FCNCA and 27 more
Federal Reserve Board
subject toAccordingly, the Texas Department of Banking and the Federal Reserve Board are the primary regulators of Frost Bank.Business (Item 1)
Also named by ALLY, AMP, BPOP, C, CFG, CME, COMP, CUBI and 9 more
Texas Department of Banking
subject toAccordingly, the Texas Department of Banking and the Federal Reserve Board are the primary regulators of Frost Bank.Business (Item 1)
Also named by PB
Laws and programs
FDIC special assessment
subject to · $9.7 million ($7.7 million after tax)named as a riskIn light this interim final rule, we reversed a total of $9.7 million ($7.7 million after tax) of our special deposit insurance assessment accrual based upon a decrease in expected future payments related to the special deposit insurance assessment.Business (Item 1)
Also named by BPOP, CFG, CUBI, EFSC, EWBC, FCNCA, GBCI, HBAN and 10 more
Federal Reserve debit interchange fee rules (Durbin Amendment)
subject to · 21 cents per transaction and 5 basis pointsnamed as a riskIn August 2025, the U.S. District Court for the District of North Dakota ruled to vacate the Federal Reserve’s current interchange rules but simultaneously stayed its own vacatur pending appeal to the circuit court.Business (Item 1)
GENIUS Act
named as a riskDepending on consumer and business interest in payment stablecoins, and the characteristics and utility of payment stablecoins, the passage of the GENIUS Act could result in increased competition with respect to our deposit products.Risk factors (Item 1A)
Also named by AUB, C, COF, COIN, CUBI, EWBC, FCNCA, FISV and 15 more
Community Reinvestment Act
subject toFrost Bank received a rating of “satisfactory” in its most recent CRA performance evaluations.Business (Item 1)
Also named by ALLY, AMP, AUB, CFG, EFSC, EWBC, FCNCA, FHN and 20 more
Basel III Capital Rules
subject toCullen/Frost and Frost Bank are each required to comply with applicable capital adequacy standards adopted by the Federal Reserve Board (the “Basel III Capital Rules”) and codified in 12 C.F.R. Part 217.Business (Item 1)
FDIC resolution planning rule
subject toFrost Bank's initial informational filing is due on April 1, 2026.Business (Item 1)
Enhanced prudential standards
subject toThe enhanced prudential standards rules, as amended in 2019, require bank holding companies with consolidated assets in excess of $50 billion, including Cullen/Frost, to maintain a risk committee that approves and periodically reviews its risk-management policies and oversees its risk-management framework.Business (Item 1)
Also named by RJF
FinCEN investment adviser AML rule
subject toIn December 2025, FinCEN delayed the effective date of the rule to January 1, 2028 in part to allow FinCEN to review the rule.Business (Item 1)
Also named by BX
Technology
Cloud technologies
depends onnamed as a riskIn addition, cloud technologies are critical to the operation of our systems, and our reliance on cloud technologies is growing.Risk factors (Item 1A)
Also named by UBSI