Cullen/Frost Bankers Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Phil Green

Chief executive officer

US$6.5m

Total compensation

CEO salary percentage	18.5%
CEO tenure	8yrs
CEO ownership	0.2%
Management average tenure	8yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Phil Green's remuneration changed compared to Cullen/Frost Bankers's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$543m
Dec 31 2023	US$6m	US$1m	US$585m
Sep 30 2023	n/a	n/a	US$673m
Jun 30 2023	n/a	n/a	US$687m
Mar 31 2023	n/a	n/a	US$645m
Dec 31 2022	US$6m	US$1m	US$567m
Sep 30 2022	n/a	n/a	US$478m
Jun 30 2022	n/a	n/a	US$417m
Mar 31 2022	n/a	n/a	US$416m
Dec 31 2021	US$5m	US$927k	US$432m
Sep 30 2021	n/a	n/a	US$421m
Jun 30 2021	n/a	n/a	US$409m
Mar 31 2021	n/a	n/a	US$386m
Dec 31 2020	US$4m	US$1m	US$320m
Sep 30 2020	n/a	n/a	US$334m
Jun 30 2020	n/a	n/a	US$349m
Mar 31 2020	n/a	n/a	US$365m
Dec 31 2019	US$5m	US$1m	US$432m
Sep 30 2019	n/a	n/a	US$447m
Jun 30 2019	n/a	n/a	US$453m
Mar 31 2019	n/a	n/a	US$453m
Dec 31 2018	US$5m	US$990k	US$444m
Sep 30 2018	n/a	n/a	US$425m
Jun 30 2018	n/a	n/a	US$401m
Mar 31 2018	n/a	n/a	US$375m
Dec 31 2017	US$4m	US$975k	US$354m

Compensation vs Market: Phil's total compensation ($USD6.49M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.

CEO

Phil Green (68 yo)

8yrs

Tenure

US$6,487,854

Compensation

Mr. Phillip D. Green, also known as Phil, has been the Chairman and Chief Executive Officer of Cullen/Frost Bankers, Inc. since April 01, 2016 and served as its President since January 28, 2015 until March...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Phillip Green	Chairman of the Board & CEO	8yrs	US$6.49m	0.22% $ 14.3m
Paul Bracher	President	8yrs	US$2.04m	0.23% $ 14.7m
Jerry Salinas	Group Executive VP & CFO	9.3yrs	US$2.02m	0.097% $ 6.2m
Jimmy Stead	Group Executive VP and Chief Consumer Banking Officer & Technology Officer	no data	US$1.94m	0.021% $ 1.3m
Coolidge Rhodes	Group Executive VP	2.6yrs	US$1.73m	0.0012% $ 77.8k
A. Mendez	Director of Investor Relations	5.8yrs	no data	no data
Annette Alonzo	Group Executive VP & Chief Human Resources Officer	8yrs	no data	0.044% $ 2.8m
Carole Kilpatrick	Senior Vice President of Private Client Services for Allen Financial Center	18.8yrs	no data	no data
Robert Berman	Group Executive Vice President of Research & Strategy	22.9yrs	no data	0.070% $ 4.5m
Candace Wolfshohl	Group Executive Vice President of Culture & People Development	8.8yrs	no data	0.058% $ 3.7m
Carol Severyn	Group Executive VP & Chief Risk Officer	5.3yrs	no data	0.027% $ 1.7m
Howard Kasanoff	Group Executive VP & Chief Credit Officer	1.3yrs	no data	0.0070% $ 447.6k

8.0yrs

Average Tenure

59yo

Average Age

Experienced Management: CFZ's management team is seasoned and experienced (8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Phillip Green	Chairman of the Board & CEO	8yrs	US$6.49m	0.22% $ 14.3m
Patrick Frost	Director	26.9yrs	no data	1.19% $ 76.4m
Anthony Chase	Independent Director	4yrs	US$176.09k	0% $ 0
Charles Matthews	Independent Lead Director	13.8yrs	US$248.98k	0.0047% $ 300.4k
Cynthia Comparin	Independent Director	5.8yrs	US$184.98k	0.0016% $ 100.3k
Crawford Edwards	Independent Director	18.4yrs	US$174.98k	0.40% $ 25.7m
Linda Rutherford	Independent Director	2yrs	US$181.48k	no data
Chris Avery	Independent Director	8.3yrs	US$177.48k	0.062% $ 4.0m
Samuel Dawson	Independent Director	7.3yrs	US$181.48k	0.0087% $ 561.5k
David Haemisegger	Independent Director	15.5yrs	US$173.98k	0.000030% $ 1.9k
Joseph Pierce	Independent Director	1.5yrs	US$172.48k	no data
John Willome	Independent Director	1.3yrs	no data	0.014% $ 901.1k

7.6yrs

Average Tenure

66yo

Average Age

Experienced Board: CFZ's board of directors are considered experienced (7.6 years average tenure).

Cullen/Frost Bankers Management

Management criteria checks 3/4

Key information

Recent management updates

Cullen/Frost Bankers, Inc., Annual General Meeting, Apr 24, 2024

Cullen/Frost Bankers, Inc. Elects Hope Andrade to Board and Board's Audit and Risk Committees

Insider recently bought €130k worth of stock

Insider recently bought €200k worth of stock

Cullen/Frost Bankers, Inc. Announces Election of Jack Willome to Board of Directors

Insider recently sold €296k worth of stock

Recent updates

Cullen/Frost Bankers, Inc. Reports Consolidated Net Charge-Offs for First Quarter of 2024

First quarter 2024 earnings released: EPS: US$2.09 (vs US$2.71 in 1Q 2023)

Cullen/Frost Bankers, Inc. Declares Second Quarter Cash Dividend, Payable June 14, 2024

Cullen/Frost Bankers, Inc., Annual General Meeting, Apr 24, 2024

Cullen/Frost Bankers, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Upcoming dividend of US$0.92 per share

Fourth quarter dividend of US$0.92 announced

Cullen/Frost Bankers, Inc. Provides Earnings Guidance for the Full Year 2024

Cullen/Frost Bankers, Inc. Provides Earnings Guidance for the Full Year 2024

Cullen/Frost Bankers, Inc. Elects Hope Andrade to Board and Board's Audit and Risk Committees

Full year 2023 earnings released: EPS: US$9.21 (vs US$8.84 in FY 2022)

Cullen/Frost Bankers, Inc. (NYSE:CFR) announces an Equity Buyback for $150 million worth of its shares.

Cullen/Frost Bankers, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Upcoming dividend of US$0.92 per share at 3.8% yield

Third quarter 2023 earnings released: EPS: US$2.40 (vs US$2.60 in 3Q 2022)

Cullen/Frost Bankers, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.92 per share at 3.8% yield

Cullen/Frost Bankers, Inc. Declares Third-Quarter Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings released: EPS: US$2.50 (vs US$1.82 in 2Q 2022)

Cullen/Frost Bankers, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.87 per share at 3.3% yield

Insider recently bought €130k worth of stock

Investor sentiment deteriorates as stock falls 16%

First quarter 2023 earnings released: EPS: US$2.73 (vs US$1.51 in 1Q 2022)

Insider recently bought €200k worth of stock

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of US$0.87 per share at 2.7% yield

Cullen/Frost Bankers, Inc. Declares First-Quarter Cash Dividend, Payable on March 15, 2023

Full year 2022 earnings released: EPS: US$8.92 (vs US$6.79 in FY 2021)

Cullen/Frost Bankers, Inc. Announces Election of Jack Willome to Board of Directors

Cullen/Frost Bankers, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.87 per share

Insider recently sold €296k worth of stock

Third quarter 2022 earnings released: EPS: US$2.62 (vs US$1.66 in 3Q 2021)

Cullen/Frost Bankers, Inc. Declares Fourth Quarter Cash Dividend, Payable on December 15, 2022

Cullen/Frost Bankers, Inc. Elects Joseph A. Pierce to the Board

Cullen/Frost Bankers, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.87 per share

Director recently sold €14m worth of stock

Second quarter 2022 earnings released: EPS: US$1.83 (vs US$1.81 in 2Q 2021)

Cullen/Frost Bankers, Inc. Declares Third-Quarter Cash Dividend, Payable on September 15, 2022

Cullen/Frost Bankers, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.75 per share

Independent Director recently bought €626k worth of stock

First quarter 2022 earnings released: EPS: US$1.52 (vs US$1.78 in 1Q 2021)

Insufficient new directors

Cullen/Frost Bankers, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Upcoming dividend of US$0.75 per share

Now 21% undervalued

Cullen/Frost Bankers, Inc., Annual General Meeting, Apr 27, 2022

Cullen/Frost Bankers, Inc., Annual General Meeting, Apr 27, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Cullen/Frost Bankers, Inc. (NYSE:CFR) announces an Equity Buyback for $100 million worth of its shares.

Upcoming dividend of US$0.75 per share

Insider recently sold €872k worth of stock

Third quarter 2021 earnings released: EPS US$1.67 (vs US$1.50 in 3Q 2020)

Upcoming dividend of US$0.75 per share

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Director Anthony Chase has joined 5th company board

Insufficient new directors

Second quarter 2021 earnings released: EPS US$1.83 (vs US$1.47 in 2Q 2020)

Upcoming dividend of US$0.72 per share

First quarter 2021 earnings released: EPS US$1.78 (vs US$0.75 in 1Q 2020)

Cullen/Frost Bankers, Inc., Annual General Meeting, Apr 28, 2021

New 90-day high: €81.00

Independent Director recently bought €270k worth of stock