Risk Sleuth
CFR · 10-K filed 5 Feb 2026 · year to 31 Dec 2025

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.

Read the filing on SEC.gov ↗

Other companies

Commercial real estate

insures or lends to · approximately 47.1% of our loan portfolionamed as a risk
As 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 risk
As 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 risk
As 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 risk
Under 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 risk
Many of our investment securities are issued by the U.S. government and government agencies and sponsored entities.Risk factors (Item 1A)

Also named by MSFT, NVDA

Organization of the Petroleum Exporting Countries (OPEC)

named as a risk
Global 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 risk
Moreover, 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)

Texas

concentrated innamed as a risk
Our success depends substantially on the general economic conditions of the State of Texas and the specific local markets in which we operate.Risk factors (Item 1A)

Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more

Mexico

earns from
Frost Bank provides international banking services to customers residing in or dealing with businesses located in Mexico.Business (Item 1)

Also named by AAP, AME, AMRC, ANET, AOS, ARES, AYI, AZO and 83 more

Hazards

Hurricanes

named as a risk
Climate 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 risk
As 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 to
Frost 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 to
Deposits 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 to
Accordingly, 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 to
Accordingly, 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 risk
In 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 risk
In 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 risk
Depending 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 to
Frost 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 to
Cullen/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)

Also named by EFSC, EWBC, PNC, UBSI

FDIC resolution planning rule

subject to
Frost Bank's initial informational filing is due on April 1, 2026.Business (Item 1)

Also named by FITB, PNFP, SSB

Enhanced prudential standards

subject to
The 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 to
In 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 risk
In 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