Cullen/Frost Bankers Inc (NYSE:CFR)

Cullen/Frost Bankers, Inc. is a financial holding company. The company operates as a bank holding company of Frost Bank, which is engaged in the business of commercial and consumer banking through financial centers across Texas in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley and San Antonio regions. The company operates through two business segments: Banking and Frost Wealth Advisors. The Banking operating segment includes both Commercial and Consumer banking services, Frost Securities, Inc. and Frost Insurance Agency. The Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products. The Consumer banking services include direct lending and depository services. Its Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products and human resources consulting services. This segment's Frost Securities, Inc. provides advisory and private equity services to middle market companies. The Frost Wealth Advisors operating segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and brokerage services. The third operating segment, Non-Banks, is for the most part the parent holding company, as well as certain other insignificant non-bank subsidiaries of the parent that, for the most part, have little or no activity. Cullen/Frost Bankers was founded in 1977 and is headquartered in San Antonio, TX.