Cullen/Frost is the holding company for Frost Bank — a ~$52B-asset Texas-only bank founded in San Antonio in 1868. It funds itself with an unusually cheap, sticky base of business and consumer deposits, lends that money to Texas companies and households, and earns fee income from trust, wealth and insurance. Conservative underwriting and a big securities book have let it raise its dividend for 33 straight years.
What Cullen/Frost Bankers, Inc. really sells
Cullen/Frost is the holding company for Frost Bank — a ~$52B-asset Texas-only bank founded in San Antonio in 1868. It funds itself with an unusually cheap, sticky base of business and consumer deposits, lends that money to Texas companies and households, and earns fee income from trust, wealth and insurance. Conservative underwriting and a big securities book have let it raise its dividend for 33 straight years.