Updated
The most significant concentration Cullen/Frost Bankers discloses is commercial and industrial, energy, construction and commercial real estate at 80.9%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Cullen/Frost Bankers’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'approximately 80.9% of our loan portfolio consisted of commercial and industrial, energy, construction and commercial real estate mortgage loans'”
“10-K Item 1A: 'approximately 52% of our deposits were uninsured and we rely on these deposits for liquidity'”
“10-K Item 1: 'primarily engaged in the business of commercial and consumer banking through approximately 204 financial centers across Texas'”
“10-K Item 1A: 'commercial real estate mortgage loans comprised approximately 47.1% of our loan portfolio'”
The company's concentration profile stacks several structural exposures that reinforce one another. The loan portfolio is heavily oriented toward commercial lending: approximately 80.9% of loans consisted of commercial and industrial, energy, construction, and commercial real estate mortgage loans — a high-share structural concentration that reflects a deliberate focus on business banking rather than a diversified retail book. Within that commercial skew, commercial real estate mortgage loans alone comprised approximately 47.1% of the loan portfolio, a medium share that adds a layer of property-market sensitivity to the credit book. The geographic concentration compounds both of these: the company operates approximately 204 financial centers across Texas, and there is no disclosure of meaningful operations outside that state — a high-share geographic concentration that ties credit quality, deposit flows, and loan demand to a single state economy. The deposit base introduces a further structural consideration: approximately 52% of deposits were uninsured, and the company relies on these deposits for liquidity, a high-share structural dependency that historically raises the speed of potential funding pressure in stress scenarios. Taken together, the profile is that of a Texas-focused commercial bank with a large commercial real estate sub-portfolio and a funding base that is weighted toward uninsured depositors — each of these is individually structural in character, and they compound one another when evaluating downside scenarios tied to the Texas economic cycle or commercial real estate valuations.
For the engine’s reasoning on CFR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CFR● | Cullen/Frost Bankers, Inc. | 3 | 1 | 0 | 4 |
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.