Cullen/Frost Bankers Management
Management criteria checks 4/4
Cullen/Frost Bankers' CEO is Phil Green, appointed in Apr 2016, has a tenure of 8.67 years. total yearly compensation is $6.49M, comprised of 18.5% salary and 81.5% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $17.66M. The average tenure of the management team and the board of directors is 8.7 years and 7.2 years respectively.
Key information
Phil Green
Chief executive officer
US$6.5m
Total compensation
| CEO salary percentage | 18.5% |
| CEO tenure | 8.7yrs |
| CEO ownership | 0.2% |
| Management average tenure | 8.7yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
Cullen/Frost Bankers: A Growing Texas Bank In A Growing State, Awaiting Cooler Valuation
Nov 21Cullen/Frost: Earnings Remain Subdued, But The Valuation Is Still Attractive
Aug 26Cullen/Frost Bankers' (NYSE:CFR) Dividend Will Be Increased To $0.95
Jul 28
Cullen/Frost Bankers: There Are Better Opportunities Out There At This Time
Feb 12Cullen/Frost Looks Undervalued As Funding Cost Pressure Subsides
Nov 18Cullen/Frost Bank: Phenomenal Buying Opportunity For This Quality Texas Bank
Sep 11Holding On To Cullen/Frost Bankers, A Strong But Overvalued Texas Bank
Jul 03Cullen/Frost Looks Unexpectedly Interesting
Feb 09Cullen/Frost Bankers Q4 2022 Earnings Preview
Jan 25Cullen/Frost Bankers GAAP EPS of $2.59 beats by $0.37, revenue of $479.34M beats by $40.17M
Oct 27Cullen/Frost Bankers: A Well-Run But Far From Cheap Bank
Sep 06Cullen/Frost Bankers goes ex-dividend tomorrow
Aug 29Cullen/Frost Bankers Q2 2022 Earnings Preview
Jul 27Cullen/Frost Bankers: Expense Growth To Counter Strong Top-Line Growth
Jun 17CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$517m |
| Jun 30 2024 | n/a | n/a | US$527m |
| 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 about average for companies of similar size in the US market ($USD8.04M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
CEO
Phil Green (69 yo)
8.7yrs
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 |
|---|---|---|---|---|
| Chairman of the Board & CEO | 8.7yrs | US$6.49m | 0.21% $ 17.7m | |
| President | 8.7yrs | US$2.04m | 0.24% $ 20.1m | |
| Group Executive VP | 9.9yrs | US$2.02m | 0.099% $ 8.5m | |
| Group Executive VP and Chief Consumer Banking Officer & Technology Officer | no data | US$1.94m | 0.025% $ 2.1m | |
| Group Executive VP | 3.3yrs | US$1.73m | 0.0030% $ 258.2k | |
| Director of Investor Relations | 6.5yrs | no data | no data | |
| Group Executive VP & Chief Human Resources Officer | 8.7yrs | no data | 0.048% $ 4.1m | |
| Senior Vice President of Private Client Services for Allen Financial Center | 19.4yrs | no data | no data | |
| Executive VP & Director of External Reporting | no data | no data | no data | |
| Group Executive Vice President of Research & Strategy | 23.6yrs | no data | 0.069% $ 5.9m | |
| Group Executive Vice President of Culture & People Development | 9.4yrs | no data | 0.062% $ 5.3m | |
| Group Executive VP & Chief Risk Officer | 5.9yrs | no data | 0.030% $ 2.6m |
8.7yrs
Average Tenure
60yo
Average Age
Experienced Management: CFR's management team is seasoned and experienced (8.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 8.7yrs | US$6.49m | 0.21% $ 17.7m | |
| Independent Director | 4.7yrs | US$181.48k | 0% $ 0 | |
| Independent Lead Director | 14.4yrs | US$248.98k | 0.0047% $ 398.8k | |
| Independent Director | 6.4yrs | US$184.98k | 0.0016% $ 132.9k | |
| Independent Director | 19.1yrs | US$174.98k | 0.40% $ 34.0m | |
| Independent Director | 2.7yrs | US$181.48k | no data | |
| Independent Director | 9yrs | US$177.48k | 0.062% $ 5.3m | |
| Independent Director | 7.9yrs | US$181.48k | 0.0087% $ 744.8k | |
| Independent Director | 16.2yrs | US$173.98k | 0.000030% $ 2.6k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.2yrs | US$172.48k | no data | |
| Independent Director | 1.9yrs | US$169.36k | 0.014% $ 1.2m |
7.2yrs
Average Tenure
69yo
Average Age
Experienced Board: CFR's board of directors are considered experienced (7.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:05 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Cullen/Frost Bankers, Inc. is covered by 39 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Keating | Barclays |
| Lana Chan | BMO Capital Markets Equity Research |
| Leanne Caravaggio | BMO Capital Markets Equity Research |