Document/ExhibitDescriptionPagesSize
1: 10-K 10-K - Cullen/Frost Bankers, Inc. 2023 HTML 5.30M
2: EX-10.17 EX-10.17 - Form of Performance Stock Unit Award HTML 58K
Agreement 2023
3: EX-19.1 EX-19.1 - Cullen/Frost Bankers, Inc. Insider HTML 66K
Trading Policy
4: EX-21.1 EX-21.1 - Subsidiaries of Cullen/Frost Bankers, HTML 46K
Inc.
5: EX-23.1 EX-23.1 - Consent of Independent Registered Public HTML 45K
Accounting Firm
6: EX-24 Ex-24.1 - Power of Attorney HTML 51K
11: EX-97.1 EX-97.1 - Clawback Policy HTML 57K
7: EX-31.1 EX-31.1 - Chief Executive Officer Certification HTML 48K
8: EX-31.2 EX-31.2 - Chief Financial Officer Certification HTML 48K
9: EX-32.1 EX-32.1 - Chief Executive Officer Section 1350 HTML 45K
Certification
10: EX-32.2 EX-32.2 - Chief Financial Officer Section 1350 HTML 45K
Certification
17: R1 Document and Entity Information HTML 123K
18: R2 Consolidated Balance Sheets HTML 151K
19: R3 Consolidated Balance Sheets (Parenthetical) HTML 64K
20: R4 Consolidated Statements of Income HTML 168K
21: R5 Consolidated Statements of Comprehensive Income HTML 98K
22: R6 Consolidated Statement of Changes in Shareholders' HTML 103K
Equity
23: R7 Consolidated Statement of Changes in Shareholders' HTML 59K
Equity (Parenthetical)
24: R8 Consolidated Statements of Cash Flows HTML 154K
25: R9 Summary of Significant Accounting Policies HTML 97K
26: R10 Securities HTML 252K
27: R11 Loans HTML 911K
28: R12 Premises and Equipment HTML 74K
29: R13 Deposits HTML 71K
30: R14 Borrowed Funds HTML 56K
31: R15 Off-Balance-Sheet Arrangements, Commitments, HTML 66K
Guarantees and Contingencies
32: R16 Capital and Regulatory Matters HTML 123K
33: R17 Earnings Per Common Share HTML 69K
34: R18 Employee Benefit Plans HTML 243K
35: R19 Other Non-Interest Income and Expense HTML 61K
36: R20 Income Taxes HTML 97K
37: R21 Other Comprehensive Income (Loss) HTML 124K
38: R22 Derivative Financial Instruments HTML 144K
39: R23 Balance Sheet Offsetting HTML 203K
40: R24 Fair Value Measurements HTML 161K
41: R25 Operating Segments HTML 132K
42: R26 Condensed Financial Statements of Parent Company HTML 121K
43: R27 Accounting Standards Updates HTML 67K
44: R28 Summary of Significant Accounting Policies HTML 250K
(Policies)
45: R29 Receivables, Loans, Notes Receivable, and Others HTML 101K
(Policies)
46: R30 Fair Value Measures and Disclosures (Policies) HTML 49K
47: R31 Regulated Operations (Policies) HTML 46K
48: R32 Earnings Per Share (Policies) HTML 49K
49: R33 Compensation Related Costs, Postemployment HTML 58K
Benefits (Policies)
50: R34 Fair Value Measures and Disclosures (Policies) HTML 64K
51: R35 Summary of Significant Accounting Policies HTML 58K
(Tables)
52: R36 Securities (Tables) HTML 268K
53: R37 Loans (Tables) HTML 900K
54: R38 Premises and Equipment (Tables) HTML 75K
55: R39 Deposits (Tables) HTML 77K
56: R40 Off-Balance-Sheet Arrangements, Commitments, HTML 61K
Guarantees and Contingencies (Tables)
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58: R42 Earnings Per Common Share (Tables) HTML 67K
59: R43 Employee Benefit Plans (Tables) HTML 252K
60: R44 Other Non-Interest Income and Expense (Tables) HTML 60K
61: R45 Income Taxes (Tables) HTML 98K
62: R46 Other Comprehensive Income (Loss) (Tables) HTML 126K
63: R47 Derivative Financial Instruments (Tables) HTML 148K
64: R48 Balance Sheet Offsetting Balance Sheet Offsetting HTML 206K
(Tables)
65: R49 Fair Value Measurements (Tables) HTML 145K
66: R50 Operating Segments (Tables) HTML 125K
67: R51 Condensed Financial Statements of Parent Company HTML 125K
(Tables)
68: R52 Summary of Significant Accounting Policies HTML 84K
(Narrative) (Detail)
69: R53 Summary of Significant Accounting Policies HTML 60K
(Additional Cash Flow Information) (Detail)
70: R54 Securities (Narrative) (Detail) HTML 75K
71: R55 Securities (Year End Securities Held to Maturity) HTML 93K
(Detail)
72: R56 Securities (Securities Moody's and Standard & HTML 87K
Poor's Bond Rating) (Details)
73: R57 Securities (Securities Held to Maturity Allowance HTML 57K
for Credit Loss) (Details)
74: R58 Securities (Securities Available for Sale) HTML 92K
(Details)
75: R59 Securities (Year End Securities with Unrealized HTML 77K
Losses Segregated by Length of Impairment)
(Detail)
76: R60 Securities (Amortized Cost and Estimated Fair HTML 139K
Value of Securities Excluding Trading Securities
Presented by Contractual Maturity) (Detail)
77: R61 Securities (Sales of Securities Available for HTML 53K
Sale) (Detail)
78: R62 Securities Securities - (Premium Amortization and HTML 50K
Discount Accretion Included in Income on
Securities) (Details)
79: R63 Securities (Year End Trading Account Securities at HTML 51K
Estimated Fair Value) (Detail)
80: R64 Securities (Net Gains and Losses on Trading HTML 50K
Account Securities) (Detail)
81: R65 Loans (Narrative) (Detail) HTML 178K
82: R66 Loans (Loans) (Detail) HTML 86K
83: R67 Loans (Activities in Related Party Loans) (Detail) HTML 52K
84: R68 Loans (Non-Accrual Loans, Segregated by Class of HTML 64K
Loans) (Detail)
85: R69 Loans (Non-Accrual Loans, Segregated by Class of HTML 116K
Loan and Year of Origination) (Details)
86: R70 Loans (Age Analysis of Past Due Loans, Segregated HTML 114K
by Class of Loans) (Detail)
87: R71 Loans (Modification to Borrowers Experiencing HTML 72K
Financial Difficulty) (Detail)
88: R72 Loans (Modified Loans by Type of Modification) HTML 108K
(Details)
89: R73 Loans (Weighted Average Risk Grades for All HTML 286K
Commercial Loans by Class) (Detail)
90: R74 Loans (Age Analysis of Past Due Consumer Loans, HTML 186K
Segregated By Class and Year of Origination)
(Details)
91: R75 Loans (Revolving Loans Converted to Term) HTML 61K
(Details)
92: R76 Loans (Allowance for Credit Loss By Loan Class HTML 92K
Calculated in Accordance With CECL Methodology)
(Details)
93: R77 Loans (Activity in Allowance for Loan Losses by HTML 84K
Portfolio Segment) (Detail)
94: R78 Loans (Gross Charge-Offs By Year of Origination) HTML 155K
(Details)
95: R79 Loans (Investment in Loans Related to Allowance HTML 86K
for Loan Loss by Portfolio Segment Disaggregated
Based on Impairment Methodology) (Detail)
96: R80 Premises and Equipment (Narrative) (Detail) HTML 61K
97: R81 Premises and Equipment (Premises and Equipment) HTML 64K
(Detail)
98: R82 Premises and Equipment (Lease Commitments, HTML 51K
Components of Lease Expense) (Details)
99: R83 Premises and Equipment Future Minimum Lease HTML 70K
Payments Due Under non-Cancelable Operating Leases
(Details)
100: R84 Deposits (Schedule of Deposits) (Detail) HTML 57K
101: R85 Deposits (Additional Information About HTML 60K
Corporation's Deposits) (Detail)
102: R86 Deposits (Scheduled Maturities of Time Deposits) HTML 52K
(Detail)
103: R87 Deposits (Scheduled Maturities of Time Deposits HTML 55K
Not Covered By Deposit Insurance) (Detail)
104: R88 Borrowed Funds (Narrative) (Detail) HTML 107K
105: R89 Off-Balance Sheet Arrangements Commitments HTML 54K
Guarantees and Contingencies (Narrative) (Detail)
106: R90 Off-Balance-Sheet Arrangements, Commitments, HTML 52K
Guarantees and Contingencies (Financial
Instruments With Off-Balance-Sheet Risk) (Detail)
107: R91 Off-Balance-Sheet Arrangements, Commitments, HTML 49K
Guarantees and Contingencies - Credit Losses on
Off-Balance-Sheet Commitments (Details)
108: R92 Capital and Regulatory Matters (Narrative) HTML 158K
(Detail)
109: R93 Regulatory Matters (Actual and Required Capital HTML 110K
Ratios) (Detail)
110: R94 Earnings Per Common Share (Basic and Diluted HTML 82K
Earnings Per Common Share) (Detail)
111: R95 Employee Benefit Plans (Narrative) (Detail) HTML 106K
112: R96 Employee Benefit Plans (Combined Activity in HTML 72K
Corporations Defined Benefit Pension Plans)
(Detail)
113: R97 Employee Benefit Plans (Disaggregated Information HTML 62K
Related to Corporations Defined Benefit Pension
Plans) (Detail)
114: R98 Employee Benefit Plans (Net Periodic Benefit Cost HTML 56K
(Benefit)) (Detail)
115: R99 Employee Benefit Plans (Defined Benefit Pension HTML 52K
Plans Recognized as Component of Other
Comprehensive Income) (Detail)
116: R100 Employee Benefit Plans (Defined Benefit Pension HTML 52K
Plans not Recognized as Component of Combined Net
Period Benefit Cost) (Detail)
117: R101 Employee Benefit Plans (Weighted-Average HTML 51K
Assumptions Used to Determine Benefit Obligations)
(Detail)
118: R102 Employee Benefit Plans (Fair Value of Plan Assets) HTML 67K
(Detail)
119: R103 Employee Benefit Plans (Expected Future Benefit HTML 58K
Payments Related to Defined Benefit Plans)
(Detail)
120: R104 Employee Benefit Plans (Summary of Activity in HTML 103K
Corporation's Active Stock Plans) (Detail)
121: R105 Employee Benefit Plans (Options Outstanding and HTML 81K
Exercisable) (Detail)
122: R106 Employee Benefit Plans (Shares Issued in HTML 58K
Connection with Stock Compensation Awards)
(Detail)
123: R107 Employee Benefit Plans (Stock-Based Compensation HTML 57K
Expense) (Detail)
124: R108 Employee Benefit Plans (Unrecognized Stock-Based HTML 55K
Compensation Expense) (Detail)
125: R109 Other Non-Interest Income and Expense (Narrative) HTML 48K
(Detail)
126: R110 Other Non-Interest Income and Expense (Other HTML 56K
Non-Interest Income and Expense) (Detail)
127: R111 Income Taxes (Narrative) (Detail) HTML 50K
128: R112 Income Taxes (Income Tax Expense) (Detail) HTML 56K
129: R113 Income Taxes (Income Tax Computed by Applying U.S. HTML 69K
Federal Statutory Income Tax Rate) (Detail)
130: R114 Income Taxes (Schedule of Deferred Tax Assets and HTML 80K
Liabilities) (Detail)
131: R115 Other Comprehensive Income (Loss) (Component of HTML 117K
Other Comprehensive Income (Loss)) (Detail)
132: R116 Other Comprehensive Income (Schedule of HTML 72K
Accumulated Other Comprehensive Income, Net of
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133: R117 Derivative Financial Instruments (Narrative) HTML 58K
(Detail)
134: R118 Derivative Financial Instruments (Schedule of HTML 72K
Notional Amounts and Estimated Fair Values of
Interest Rate Derivative Contracts Outstanding)
(Detail)
135: R119 Derivative Financial Instruments (Schedule of HTML 55K
Weighted-Average Rates Paid and Received for
Interest Rate Swaps Outstanding) (Detail)
136: R120 Derivative Financial Instruments (Schedule of HTML 64K
Notional Amounts and Estimated Fair Values of
Commodity Derivative Positions) (Detail)
137: R121 Derivative Financial Instruments Derivative HTML 76K
Financial Instruments (Schedule of Notional Amount
and Fair Value of Open Foreign Currency Forward
Contract) (Details)
138: R122 Derivative Financial Instruments (Schedule of HTML 52K
Amounts Related to Interest Rate Derivatives
Designated as Hedges of Fair Value) (Detail)
139: R123 Derivative Financial Instruments (Schedule of HTML 57K
Amounts Related to Non-Hedging Interest Rate and
Commodity Derivatives) (Detail)
140: R124 Balance Sheet Offsetting - Financial Instruments HTML 109K
Eligible for Offset Consolidated Balance Sheet
(Detail)
141: R125 Balance Sheet Offsetting - Financial Instruments HTML 125K
Derivative Assets Liabilities and Resell
Agreements Net of Amount Not Offset (Details)
142: R126 Balance Sheet Offsetting Balance Sheet Offsetting HTML 67K
- Remaining Contractual Maturity of the Securities
Sold Under Agreement to Repurchase (Details)
143: R127 Fair Value Measurements (Narrative) (Detail) HTML 46K
144: R128 Fair Value Measurements (Financial Assets and HTML 107K
Financial Liabilities Measured at Fair Value on
Recurring Basis) (Detail)
145: R129 Fair Value Measurements (Impaired Loans Remeasured HTML 58K
and Reported at Fair Value of Underlying
Collateral) (Detail)
146: R130 Fair Value Measurements (Estimated Fair Values of HTML 89K
Financial Instruments) (Detail)
147: R131 Operating Segments Operating Segments - Additional HTML 51K
Information (Details)
148: R132 Operating Segments (Summary of Operating Results HTML 110K
by Segment) (Detail)
149: R133 Condensed Financial Statements of Parent Company HTML 96K
(Schedule of Condensed Balance Sheets) (Detail)
150: R134 Condensed Financial Statements of Parent Company HTML 102K
(Schedule of Condensed Statements of Income)
(Detail)
151: R135 Condensed Financial Statements of Parent Company HTML 107K
(Schedule of Condensed Statements of Cash Flows)
(Detail)
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1.I have reviewed this Annual Report on Form 10-K of Cullen/Frost Bankers, Inc.;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the
registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):
(a)All
significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
