CULLEN/FROST BANKERS, INC.

Cullen/Frost Bankers, Inc., incorporated in Texas in 1977, is a financial holding company and bank holding company based in San Antonio, Texas. Through its subsidiaries, the company offers a wide range of products and services across numerous Texas markets. These services include commercial and consumer banking, trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory, and item processing services. As of December 31, 2025, Cullen/Frost had consolidated total assets of $53.0 billion, making it one of the largest independent bank holding companies headquartered in Texas. The company operates as a locally-oriented, community-based financial services organization, supported by centralized expertise in key areas. Its local market approach is evident in its regional management and advisory boards, composed of local business professionals and community representatives who help address local banking needs. Cullen/Frost serves diverse industries such as energy, manufacturing, services, construction, retail, telecommunications, healthcare, military, and transportation, and its customer base is similarly varied, with no dependence on any single industry or customer. The company aims for expansion, market diversification, growth in fee-based income, and internal growth, supplemented by acquisitions of financial institutions, branches, and financial services businesses.