United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2021 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________________ to ________________ | --- | --- | --- | --- | |-----------------------------------------|------------------------|----------------|---------------- ...

Cullen/Frost Bankers, Inc. (CFR) Q2 2021 Earnings Conference Call July 29, 2021 2:00 PM ET Company Participants A. B. Mendez - Director, Investor Relations Phil Green - Chairman and Chief Executive Officer Jerry Salinas - Group Executive Vice President and Chief Financial Officer Conference Call Participants Jennifer Demba - Truist Securities Brady Gailey - KBW Steven Alexopoulos - JPMorgan Ebrahim Poonawala - Bank of America Ken Zerbe - Morgan Stanley Dave Rochester - Compass Point Operator Ladies and gent ...

Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: June 30, 2021 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________________ to ________________ | --- | --- | --- | --- | |-----------------------------------------|------------------------|----------------|--- ...

Cullen/Frost Bankers, Inc. (CFR) Q1 2021 Results Conference Call April 29, 2021 2:00 PM ET Company Participants A. B. Mendez - Director of Investor Relations Phil Green - Chairman, Chief Executive Officer Jerry Salinas - Group Executive Vice President, Chief Financial Officer Conference Call Participants Ken Zerbe - Morgan Stanley Jennifer Demba - Truist Securities Steven Alexopoulos - JPMorgan Brad Gailey - KWB Ebrahim Poonawala - Bank of America Dave Rochester - Compass Point Jon Arfstrom - RBC Capital Ma ...

Part I - Financial Information [Item 1. Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents unaudited consolidated financial statements for Cullen/Frost Bankers, Inc. as of March 31, 2021, with detailed notes on policies [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets grew to **$44.05 billion** from **$42.39 billion**, driven by cash and loans; deposits increased Consolidated Balance Sheet Highlights (in thousands) | Metric | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$44,046,787** | **$42,391,317** | | Total Cash and Cash Equivalents | $11,802,269 | $10,288,853 | | Net Loans | $17,628,393 | $17,218,132 | | **Total Liabilities** | **$39,778,869** | **$38,098,301** | | Total Deposits | $36,925,180 | $35,015,761 | | **Total Shareholders' Equity** | **$4,267,918** | **$4,293,016** | [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Net income available to common shareholders significantly increased to **$113.9 million** in Q1 2021, primarily due to reduced credit loss expense Q1 2021 vs. Q1 2020 Income Statement (in thousands, except per share data) | Metric | Three Months Ended March 31, 2021 | Three Months Ended March 31, 2020 | | :--- | :--- | :--- | | Net Interest Income | $240,881 | $244,521 | | Credit Loss Expense | $63 | $175,197 | | Total Non-interest Income | $93,236 | $212,915 | | Net Income | $116,015 | $54,753 | | **Net Income Available to Common Shareholders** | **$113,864** | **$47,223** | | **Diluted EPS** | **$1.77** | **$0.75** | - The significant year-over-year increase in net income was driven by a near-elimination of credit loss expense, which was exceptionally high in Q1 2020[15](index=15&type=chunk) - Non-interest income was lower in Q1 2021 due to a large net gain on securities transactions (**$109.0 million**) in the prior-year period[15](index=15&type=chunk) [Notes to Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Detailed disclosures cover accounting policies, financial instruments, credit quality, and capital adequacy, noting the adoption of CECL - On January 1, 2020, the company adopted ASU 2016-13 (CECL), resulting in an after-tax cumulative effect reduction to retained earnings of **$29.3 million**[34](index=34&type=chunk) Loan Portfolio Composition (in thousands) | Loan Category | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Commercial and industrial | $4,770,228 | $4,955,341 | | Energy | $1,102,209 | $1,235,198 | | Paycheck Protection Program | $3,129,244 | $2,433,849 | | Commercial real estate | $7,104,030 | $7,020,467 | | Consumer real estate | $1,322,154 | $1,330,774 | | Consumer and other | $461,786 | $505,680 | | **Total Loans** | **$17,889,651** | **$17,481,309** | Regulatory Capital Ratios | Ratio | March 31, 2021 (Actual) | Minimum Required | To Be Well Capitalized | | :--- | :--- | :--- | :--- | | **Cullen/Frost** | | | | | Common Equity Tier 1 | 13.45% | 7.00% | 6.50% | | Tier 1 Capital | 14.07% | 8.50% | 8.00% | | Total Capital | 16.07% | 10.50% | 10.00% | | Leverage Ratio | 7.97% | 4.00% | 5.00% | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=35&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2021 financial results, highlighting increased net income driven by reduced credit loss expense [Results of Operations](index=40&type=section&id=Results%20of%20Operations) Net income available to common shareholders increased by **141.1%** to **$113.9 million** in Q1 2021, primarily due to a **$175.1 million** decrease in credit loss expense - The primary driver for the significant increase in net income was a **$175.1 million** year-over-year decrease in credit loss expense[167](index=167&type=chunk) - Non-interest income decreased significantly, mainly because Q1 2020 results included a **$109.0 million** net gain on securities transactions[167](index=167&type=chunk)[193](index=193&type=chunk) - Non-interest expense decreased by **$14.0 million** (**6.3%**) year-over-year, driven by lower salaries, wages, travel, and professional services expenses[208](index=208&type=chunk)[209](index=209&type=chunk)[215](index=215&type=chunk) [Financial Condition](index=49&type=section&id=Financial%20Condition) The company maintained a strong financial condition with average assets increasing to **$42.5 billion** and robust capital and liquidity positions - Total loans increased to **$17.9 billion** at March 31, 2021, driven by Paycheck Protection Program (PPP) loans; excluding PPP loans, the portfolio decreased by **$287.1 million**[236](index=236&type=chunk) - Energy loans, the largest industry concentration, decreased by **10.8%** during the quarter to **$1.1 billion**, representing **7.5%** of total loans (excluding PPP)[239](index=239&type=chunk) - The allowance for credit losses on loans was **$261.3 million**, or **1.77%** of total loans excluding PPP loans, deemed appropriate by management[256](index=256&type=chunk)[276](index=276&type=chunk) - The company maintains a strong liquidity position with approximately **$11.1 billion** held at the Federal Reserve and **$7.4 billion** in unencumbered securities[287](index=287&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=58&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's balance sheet became more asset-sensitive, with a projected **3.4%** increase in net interest income from a **100 basis point** rate hike Interest Rate Sensitivity Analysis (Projected 12-Month NII Change) | Rate Shock | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | +200 bps | +8.6% | +6.2% | | +100 bps | +3.4% | +2.3% | | -25 bps | -1.8% | -1.8% | - The balance sheet became more asset-sensitive as of March 31, 2021, primarily due to a higher proportion of quickly repricing interest-bearing deposits at the Federal Reserve and federal funds sold[297](index=297&type=chunk) [Item 4. Controls and Procedures](index=58&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2021, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[300](index=300&type=chunk) Part II - Other Information [Legal Proceedings](index=59&type=section&id=Item%201.%20Legal%20Proceedings) Management does not anticipate that the resolution of various claims and legal actions will materially impact the financial statements - Management does not expect the ultimate disposition of various claims and legal actions to have a material adverse impact on the financial statements[302](index=302&type=chunk) [Risk Factors](index=59&type=section&id=Item%201A.%20Risk%20Factors) No material changes were reported in the risk factors from those disclosed in the company's 2020 Form 10-K - No material changes were reported in the risk factors from those disclosed in the 2020 Form 10-K[303](index=303&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=59&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) A new **$100.0 million** stock repurchase program was authorized, but no shares were repurchased under this plan in Q1 2021 - A new **$100.0 million** stock repurchase program was authorized on January 27, 2021, with no shares repurchased under this plan in Q1 2021[286](index=286&type=chunk)[305](index=305&type=chunk) [Other Information](index=59&type=section&id=Item%205.%20Other%20Information) The company replaced existing change-in-control agreements with a new executive change-in-control severance plan effective April 28, 2021 - The company replaced its change-in-control agreements with a new executive change-in-control severance plan for certain executive officers, effective April 28, 2021[307](index=307&type=chunk) [Exhibits](index=60&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the new Executive Change-in-Control Severance Plan and certifications

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended: December 31, 2020 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number: 001-13221 CULLEN/FROST BANKERS, INC. (Exact name of registrant as specified in its charter) Texas 111 W. Houston (Address of pri ...

Cullen/Frost Bankers, Inc. (CFR) Q4 2020 Earnings Conference Call January 28, 2021 2:00 PM ET Company Representatives Phil Green - Chairman, Chief Executive Officer Jerry Salinas - Group Executive Vice President, Chief Financial Officer A. B. Mendez - Director of Investor Relations Conference Call Participants Brady Gailey - KBW Ebrahim Poonawala - Bank of America Securities Ken Zerbe - Morgan Stanley Jennifer Demba - Truist Securities Dave Rochester - Compass Point Steven Alexopoulos - JPMorgan Michael Ros ...

Cullen/Frost Bankers, Inc. (CFR) Q3 2020 Earnings Conference Call October 29, 2020 5:00 PM ET Company Participants Avi Mendes - Director, Investor Relations Phil Green - Chairman & Chief Executive Officer Jerry Salinas - Executive Vice President & Chief Financial Officer Conference Call Participants Brady Gailey - KBW Dave Rochester - Compass Point Ebrahim Poonawala - Bank of America Jennifer Demba - SunTrust Peter Winter - Wedbush Securities Steven Alexopoulos - JPMorgan Operator Ladies and gentlemen, than ...

Part I - Financial Information [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) The unaudited consolidated financial statements for the period ended September 30, 2020, reflect the company's financial position, results of operations, and cash flows - On January 1, 2020, the company adopted the new Current Expected Credit Loss (CECL) standard (ASC 326), resulting in an after-tax cumulative effect reduction to retained earnings of **$29.3 million**[33](index=33&type=chunk)[37](index=37&type=chunk) Consolidated Balance Sheet Highlights (As of September 30, 2020 vs. December 31, 2019) | Metric | September 30, 2020 ($ in thousands) | December 31, 2019 ($ in thousands) | Change | | :--- | :--- | :--- | :--- | | Total Assets | $40,101,240 | $34,027,428 | +17.8% | | Net Loans | $17,960,402 | $14,618,165 | +22.9% | | Total Deposits | $33,499,503 | $27,639,564 | +21.2% | | Total Shareholders' Equity | $4,085,026 | $3,911,668 | +4.4% | Consolidated Income Statement Highlights (Nine Months Ended September 30) | Metric | 2020 ($ in thousands) | 2019 ($ in thousands) | Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $733,755 | $752,907 | -2.5% | | Credit Loss Expense | $227,474 | $25,404 | +795.4% | | Net Gain on Securities | $108,989 | $265 | N/A | | Net Income | $242,881 | $339,918 | -28.5% | | Diluted EPS | $3.71 | $5.24 | -29.2% | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail significant accounting policies, including the material impact of adopting the CECL standard (ASC 326) - The adoption of ASC 326 on Jan 1, 2020, replaced the 'incurred loss' model with an 'expected loss' model for credit losses, resulting in an after-tax reduction to retained earnings of **$29.3 million**[33](index=33&type=chunk)[37](index=37&type=chunk) - As of September 30, 2020, the loan portfolio included **$3.23 billion** in Paycheck Protection Program (PPP) loans, which are fully guaranteed by the SBA and constituted **17.7%** of total loans[66](index=66&type=chunk) - The company redeemed all **6,000,000 shares** of its **5.375% Series A Preferred Stock** on March 16, 2020, for an aggregate redemption of **$150.0 million**[124](index=124&type=chunk) - At September 30, 2020, the company had approximately **300 loans** in COVID-19 related deferment with an aggregate outstanding balance of approximately **$157.2 million**[73](index=73&type=chunk) Regulatory Capital Ratios (Cullen/Frost) | Ratio | September 30, 2020 | Minimum to be Well Capitalized | | :--- | :--- | :--- | | Common Equity Tier 1 | 12.71% | 6.50% | | Tier 1 Capital | 12.71% | 8.00% | | Total Capital | 14.69% | 10.00% | | Leverage Ratio | 7.85% | 5.00% | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=41&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management's discussion highlights the significant impact of the COVID-19 pandemic and oil price volatility on operations and financial results - The COVID-19 pandemic has negatively impacted business operations, financial position, and operating results, leading to the implementation of Business Continuity and Health Emergency Response plans, including remote work for nearly all employees and temporary lobby closures[187](index=187&type=chunk)[188](index=188&type=chunk) - Net income available to common shareholders for the nine months ended Sep 30, 2020, decreased by **$98.5 million (29.5%)** year-over-year, primarily due to a **$202.1 million** increase in credit loss expense and a **$19.2 million** decrease in net interest income[213](index=213&type=chunk) - The company originated approximately **$3.3 billion** in SBA-approved Paycheck Protection Program (PPP) loans through September 30, 2020, which positively impacted net interest income through deferred processing fees[298](index=298&type=chunk) - The allowance for credit losses on loans to total loans increased to **1.45%** at Sep 30, 2020 (**1.76%** excluding PPP loans), from **0.90%** at Dec 31, 2019, reflecting deteriorating economic forecasts and portfolio risk[333](index=333&type=chunk)[335](index=335&type=chunk) [Results of Operations](index=50&type=section&id=Results%20of%20Operations) For the nine months ended Sep 30, 2020, net income available to common shareholders fell to **$235.4 million** from **$333.9 million** YoY Key Operating Results (Nine Months Ended September 30) | Metric | 2020 ($ in thousands) | 2019 ($ in thousands) | | :--- | :--- | :--- | | Taxable-equivalent net interest income | $805,216 | $825,547 | | Credit loss expense | $227,474 | $25,404 | | Non-interest income | $374,117 | $268,647 | | Non-interest expense | $625,992 | $613,873 | | Net income available to common shareholders | $235,351 | $333,871 | - The increase in non-interest income for the nine-month period was primarily due to a **$109.0 million** net gain on securities transactions[240](index=240&type=chunk) - Salaries and wages increased by **$5.4 million (2.0%)** YoY for the nine-month period, but this was partly offset by a **$5.9 million** increase in deferred salary costs related to the high volume of PPP loan originations[262](index=262&type=chunk) [Loans](index=65&type=section&id=Loans) Total loans increased by **$3.5 billion (23.5%)** to **$18.2 billion** at September 30, 2020, from year-end 2019 Loan Portfolio Composition | Loan Category | Sep 30, 2020 ($ in thousands) | % of Total | Dec 31, 2019 ($ in thousands) | % of Total | | :--- | :--- | :--- | :--- | :--- | | Commercial and industrial | $4,820,018 | 26.4% | $5,187,466 | 35.2% | | Energy | $1,363,368 | 7.4% | $1,652,882 | 11.2% | | Paycheck Protection Program | $3,226,980 | 17.7% | — | — | | Commercial real estate | $7,007,218 | 38.5% | $6,196,239 | 42.0% | | Consumer real estate | $1,307,753 | 7.2% | $1,194,413 | 8.1% | | Consumer and other | $498,540 | 2.8% | $519,332 | 3.5% | | **Total loans** | **$18,223,877** | **100.0%** | **$14,750,332** | **100.0%** | - Excluding the **$3.2 billion** in PPP loans, the total loan portfolio would have increased by only **$246.6 million**, or **1.7%**, since December 31, 2019[289](index=289&type=chunk) [Non-Performing Assets](index=67&type=section&id=Non-Performing%20Assets) Total non-performing assets (NPAs) decreased by **$13.1 million** to **$96.4 million** at September 30, 2020, from year-end 2019 Non-Performing Assets Summary | Category | Sep 30, 2020 ($ in thousands) | Dec 31, 2019 ($ in thousands) | | :--- | :--- | :--- | | Total non-accrual loans | $91,578 | $102,303 | | Restructured loans | $3,932 | $6,098 | | Foreclosed assets | $850 | $1,084 | | **Total non-performing assets** | **$96,360** | **$109,485** | - The ratio of non-performing assets to total loans (excluding PPP) and foreclosed assets was **0.64%** at September 30, 2020, down from **0.74%** at December 31, 2019[299](index=299&type=chunk) - Potential problem loans, which are not included in NPAs, increased to **$126.0 million** at September 30, 2020, from **$46.8 million** at year-end 2019, with **63.7%** related to the energy industry and **20.6%** to the hotel/lodging industry[306](index=306&type=chunk) [Allowance for Credit Losses](index=70&type=section&id=Allowance%20for%20Credit%20Losses) The allowance for credit losses on loans increased to **$263.5 million** at Sep 30, 2020, from **$132.2 million** at year-end 2019 - The allowance for credit losses on loans increased to **$263.5 million** at Sep 30, 2020[310](index=310&type=chunk)[333](index=333&type=chunk) - The estimate of expected credit losses was based on Moody's Analytics September 2020 CF Consensus Scenario, which included projections for GDP growth, unemployment rates, and oil prices[315](index=315&type=chunk) - A qualitative adjustment of **$24.4 million** was made for energy production loans based on borrowing base deficiencies using a projected oil price of **$30/barrel** for 2020[327](index=327&type=chunk) - An additional qualitative adjustment of **$27.1 million** was applied to industries heavily impacted by COVID-19, including retail/strip centers, hotels/lodging, restaurants, and entertainment, which collectively had outstanding balances of **$1.54 billion**[332](index=332&type=chunk) [Capital and Liquidity](index=72&type=section&id=Capital%20and%20Liquidity) Shareholders' equity stood at **$4.1 billion** at September 30, 2020 - Shareholders' equity increased to **$4.1 billion** at Sep 30, 2020, from **$3.9 billion** at Dec 31, 2019, despite a **$150.0 million** redemption of preferred stock and **$136.8 million** in dividend payments[337](index=337&type=chunk) - The company maintains significant liquidity, with approximately **$6.6 billion** held at the Federal Reserve and an additional borrowing capacity of **$2.7 billion** from the FHLB as of September 30, 2020[345](index=345&type=chunk) - A quarterly dividend of **$0.71 per common share** was paid during each of the first three quarters of 2020, resulting in a payout ratio of **57.3%** for the nine-month period[340](index=340&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=72&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk, managed through an earnings simulation model - The company's earnings simulation model as of September 30, 2020, indicates an asset-sensitive position[356](index=356&type=chunk) - A hypothetical **25 basis point** ratable decrease in interest rates is projected to result in a negative variance in net interest income of **1.5%** relative to the flat-rate case over the next 12 months[356](index=356&type=chunk) - The shift to a more asset-sensitive position compared to the prior year is primarily due to an increased proportion of interest-bearing deposits held at the Federal Reserve and a change in modeling assumptions for interest paid on commercial demand deposits[357](index=357&type=chunk)[358](index=358&type=chunk) [Controls and Procedures](index=73&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of September 30, 2020 - Based on an evaluation as of the end of the reporting period, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective[361](index=361&type=chunk) - No changes in internal control over financial reporting occurred during the last fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[361](index=361&type=chunk) Part II - Other Information [Legal Proceedings](index=74&type=section&id=Item%201.%20Legal%20Proceedings) The company is subject to various routine legal claims - The company is involved in several purported class action lawsuits related to the Paycheck Protection Program (PPP), alleging refusal to pay agent fees and refusal to provide a loan[114](index=114&type=chunk) - Management believes the claims related to the PPP lawsuits are without merit and does not expect the ultimate disposition of these matters to have a material adverse impact on the financial statements[113](index=113&type=chunk)[114](index=114&type=chunk) [Risk Factors](index=74&type=section&id=Item%201A.%20Risk%20Factors) This section supplements existing risk factors with two key additions: the adverse effects of the COVID-19 pandemic and the volatility risk in crude oil prices - The COVID-19 pandemic is identified as a significant risk factor, expected to continue adversely affecting business, financial condition, and results through increased unemployment, business disruption, loan defaults, and market volatility[364](index=364&type=chunk)[365](index=365&type=chunk)[366](index=366&type=chunk) - Volatility in crude oil prices is highlighted as a major risk[374](index=374&type=chunk) - Participation in government programs like the PPP introduces risks of litigation, regulatory scrutiny, and reputational damage[368](index=368&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=75&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the third quarter of 2020, the company repurchased **400 shares** of its common stock at an average price of **$70.56 per share** Issuer Purchases of Equity Securities (Q3 2020) | Period | Total Number of Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | July 1-31, 2020 | 400 | $70.56 | | August 1-31, 2020 | 0 | N/A | | September 1-30, 2020 | 0 | N/A | | **Total** | **400** | **$70.56** | - The repurchases were made in connection with the vesting of certain share awards[376](index=376&type=chunk) [Defaults Upon Senior Securities](index=75&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None [Mine Safety Disclosures](index=75&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) None [Other Information](index=75&type=section&id=Item%205.%20Other%20Information) None [Exhibits](index=76&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications (Rule 13a-14(a) and Section 1350) and Inline XBRL data files - Key exhibits filed include CEO and CFO certifications pursuant to Rule 13a-14(a) and Section 1350[379](index=379&type=chunk) - The filing includes Inline XBRL documents for financial data tagging[379](index=379&type=chunk) [Signatures](index=77&type=section&id=Signatures)

Cullen/Frost Bankers, Inc. (CFR) Q2 2020 Results Earnings Conference Call July 30, 2020 11:00 AM ET Company Participants Avi Mendes - SVP, Investor Relations Phil Green - Chairman and Chief Executive Officer Jerry Salinas - Group Executive Vice President and Chief Financial Officer Conference Call Participants Brady Gailey - KBW Dave Rochester - Compass Point Steven Alexopoulos - JPMorgan Jennifer Demba - SunTrust Ken Zerbe - Morgan Stanley Ebrahim Poonawala - Bank of America Peter Winter - Wedbush Securiti ...