Shareholder Information

Webcast

Q4 2020 Earnings Conference Call
Thursday, January 28, 2020 at 2:00 PM ET

Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with $40.1 billion in assets at September 30, 2020. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped clients with their financial needs during three centuries. Additional information is available at frostbank.com.

Cullen/Frost Bankers, Inc.,
111 West Houston Street
P.O. Box 1600
San Antonio, TX 78205
(210) 220-4011

Investor Relations Contact
Mr. AB Mendez
(210) 220-5234
ab.mendez@frostbank.com

Transfer Agent
Computershare
P.O. Box 43006
Providence, RI 02940-3006

Management
Phillip D. Green Chairman & Chief Executive Officer/Director	Jerry Salinas Group Executive Vice President & CFO
Paul H. Bracher President, Cullen/Frost Bankers, Inc.	Patrick B. (Pat) Frost PRESIDENT OF FROST BANK & GROUP EXECUTIVE VICE PRESIDENT OF FROST WEALTH ADVISORS/DIRECTOR SINCE 1997
William L. Perotti Group Executive Vice President & Chief Credit Officer

Board of Directors
Carlos Alvarez Director since 2001	Chris M. Avery Director since 2015
Anthony R. Chase Director since 2020	Cynthia Comparin DIRECTOR SINCE 2018
Samuel G. Dawson Director since 2017	Crawford H. Edwards Director since 2005
Patrick B. (Pat) Frost Director since 1997	Phillip D. Green Director since 2016
David J. Haemisegger Director since 2008	Karen E. Jennings Director since 2001
Charles W. Matthews Jr. Director since 2010	Ida Clement (Weisie) Steen Director since 1996
Graham M. Weston Director since 2017

Most recent year is YTD

Insider Transaction Activity (Last 6 Months)
Aggregates	Shares	Price ($)	Value ($)
Open Market Buys	0	--	--
Open Market Sells	0	--	--
Options Ex. & Sold	17,815	72.14	(649,621)
Net Shares	17,815	72.14	(649,621)

High Volume Traders (Last 6 Months)
Name	# Buys	# Sells	# Options Ex. & Sold	Total # Trans.	Net Shares
Phillip D. Green	0	0	3	3	6,981
Paul H. Bracher	0	0	3	3	1,619
Jerry Salinas	0	0	3	3	1,596
William L. Perotti	0	0	3	3	1,429
Berman, Robert A.	0	0	3	3	1,241

Stock Price History
	High ($)	Low ($)
One Day	97.77	95.57
One Month	98.70	85.58
Three Months	98.70	64.62
Year-to-Date	98.70	85.58
One Year	98.70	47.69
Three Year	121.66	47.69
Three Year Date	5/22/2018	3/23/2020

Recent Press Releases
1/11/2021	Cullen/Frost Bankers, Inc. Hosts Fourth Quarter 2020 Earnings Conference Call
11/12/2020	Cullen/Frost Announces Pricing Of $150 Million Depositary Shares Offering
10/29/2020	Cullen/Frost Reports Third Quarter Results
10/13/2020	UPDATE WITH NEW TIME: Cullen/Frost Bankers, Inc. Hosts Third Quarter 2020 Earnings Conference Call
10/07/2020	Cullen/Frost Bankers, Inc. Hosts Third Quarter 2020 Earnings Conference Call

Ownership Information
Shares Outstanding	62,782,000
Short Interest Shares	1,963,759
Float (%)	95.25
Institutional Ownership (%)	92.20
Mutual Fund Ownership (%)	53.27
Insider Ownership (%)	4.75
Top 10 Instn Holders (%)	58.13

Ownership Activity
Description	Holders	Shares
Total Positions	351	57,885,059
New Positions	43	146,798
Increased Positions	108	2,540,511
Decreased Positions	141	(2,396,949)
Soldout Positions	52	(568,455)
Net Change		(278,095)

Bank & Thrift Company Deals
Target Seller	State	Industry Type	Announce Date	Status	Deal Value ($M)	Target Total Assets ($000)
WNB Bancshares, Inc.	TX	Bank	8/13/2013	Completed on 5/30/2014	199.54	1,416,968

Insurance Broker Deals
Target Seller	Announce Date	Status	Deal Value ($M)	LTM Revenue ($000)
Kolkhorst Insurance Agency, LLC	11/01/2013	Completed on 11/1/2013	NA	NA
Stone Partners, Inc.	12/12/2011	Completed on 1/1/2012	NA	NA
Clark Benefit Group, Inc.	5/01/2011	Completed on 5/1/2011	NA	NA

Current Quote	Data as of January 26, 2021
Last Sale	$ 96.83
Last Close	$ 96.80
Today's High	$ 97.77
Today's Low	$ 95.57
Net Change	$ .03 .03%
Today's Volume	563,363

Minimum 20 minute delay

Current Chart

Deposit Market Share for Selected Markets
Current Ownership, including Bank, Savings Bank, Thrift Branches
Ownership as of 1/26/2021, Branches and Deposits as of 6/30/2020

MSA: San Antonio-New Braunfels, TX
2020 Rank	2019 Rank	Institution (Headquarters)	Type	2020 Number of Branches	2020 Total Deposits in Market ($M)	2020 Total Market Share (%)	2019 Total Deposits in Market ($M)	2019 Total Market Share (%)
1	2	Citigroup Inc. (NY)	Bank	1	14,290.0	25.75	6,528.0	15.76
2	1	Cullen/Frost Bankers Inc. (TX)	Bank	34	10,151.7	18.29	8,240.6	19.90
3	4	Wells Fargo & Co. (CA)	Bank	45	5,095.0	9.18	4,341.5	10.48
4	3	Bank of America Corporation (NC)	Bank	31	4,707.6	8.48	4,531.8	10.94
5	5	JPMorgan Chase & Co. (NY)	Bank	36	3,597.4	6.48	2,843.5	6.87
6	6	Broadway Bancshares Inc. (TX)	Bank	29	3,314.3	5.97	2,739.1	6.61
7	7	BBVA	Bank	23	2,066.4	3.72	1,709.3	4.13
8	8	Jefferson Bancshares Inc. (TX)	Bank	13	1,891.0	3.41	1,706.4	4.12
9	9	Texas Capital Bancshares Inc. (TX)	Bank	2	1,121.9	2.02	955.6	2.31
10	11	Southwest Bancshares Inc. (TX)	Bank	6	990.0	1.78	740.8	1.79
		Total for institutions in market		405	55,497.4		41,414.3

CITY: Houston, TX
2020 Rank	2019 Rank	Institution (Headquarters)	Type	2020 Number of Branches	2020 Total Deposits in Market ($M)	2020 Total Market Share (%)	2019 Total Deposits in Market ($M)	2019 Total Market Share (%)
1	1	JPMorgan Chase & Co. (NY)	Bank	99	132,299.3	57.90	99,383.4	53.96
2	3	Wells Fargo & Co. (CA)	Bank	75	16,822.2	7.36	14,326.0	7.78
3	2	Bank of America Corporation (NC)	Bank	55	15,078.8	6.60	16,386.8	8.90
4	4	BBVA	Bank	31	12,602.6	5.52	11,053.0	6.00
5	5	Zions Bancorp. NA (UT)	Bank	21	7,356.4	3.22	6,500.2	3.53
6	6	Cadence Bancorp. (TX)	Bank	9	5,572.1	2.44	4,291.9	2.33
7	7	Cullen/Frost Bankers Inc. (TX)	Bank	32	4,497.9	1.97	3,203.2	1.74
8	9	Allegiance Bancshares Inc. (TX)	Bank	15	3,432.9	1.50	2,912.1	1.58
9	11	Texas Capital Bancshares Inc. (TX)	Bank	2	3,038.0	1.33	2,076.1	1.13
10	8	Capital One Financial Corp. (VA)	Bank	14	3,036.5	1.33	2,927.7	1.59
		Total for institutions in market		660	228,505.8		184,179.2

Q: What is the Ticker Symbol for Cullen/Frost and on what Stock Exchange does Cullen/Frost trade?

A: Our common stock is listed on NYSE under the symbol CFR. Preferred shares are traded on the NYSE under the symbol CFR.A.
For more detailed stock information, please visit our Stock Quote page.

Q: Who is the transfer agent for Cullen/Frost?

A: Computershare
P.O. Box 43006
Providence, RI 02940-3006

Q: How can I get a copy of a Cullen/Frost Annual Report?

A: Click here to download a copy of our Annual Report in PDF format or you may contact us at: Cullen/Frost Bankers, Inc. Shareholder Communications P.O. Box 1600 San Antonio, Texas 78296 210-220-5234.

Q: Who do I contact with questions about Investor Relations?

A: Questions regarding Investor Relations may be directed to Mr. A.B. Mendez, Director of Investor Relations at (210) 220-5234 or ab.mendez@frostbank.com.

Q: Does Cullen/Frost Bankers, Inc. pay a dividend?

A: To see a list of our historical dividends, please visit our Dividends page.

Q: Does Cullen/Frost have plans to increase its dividend?

A: While there are no plans to increase the dividend at this time, the Board of Directors periodically reviews our Dividend Policy.

Q: Can I purchase shares of Cullen/Frost directly?

A: Cullen/Frost does not have a direct purchase plan; you can buy shares of CFR common stock by contacting a brokerage firm.

Q: Does Cullen/Frost have a dividend reinvestment program?

A: Cullen/Frost does not currently have a dividend reinvestment program. Although our Board of Directors periodically reviews this policy, Cullen/Frost has announced no plans to change the policy.

Q: How can I request additional information from Cullen/Frost Bankers, Inc.?

A: You can contact us via our Information Request page.

Q: How can I receive email alerts from Cullen/Frost Bankers, Inc.?

A: To sign up for email alerts on our Events, Documents, Press Releases and closing stock price information click here to visit our Email Notifications page.