AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

CULLEN/FROST BANKERS, INC.'s Holding History (CIK: 0000039263)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 87,706 Value ($000) $22,561 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 89,620 Value ($000) $26,303 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 91,062 Value ($000) $28,084 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 90,479 Value ($000) $27,644 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 89,800 Value ($000) $26,287 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 89,429 Value ($000) $24,748 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 90,008 Value ($000) $21,484 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 90,472 Value ($000) $22,595 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 90,374 Value ($000) $21,055 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 90,199 Value ($000) $21,700 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 91,510 Value ($000) $20,113 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 90,882 Value ($000) $20,233 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 91,597 Value ($000) $21,879 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 79,149 Value ($000) $17,903 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 77,226 Value ($000) $16,221 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 76,829 Value ($000) $17,482 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 77,445 Value ($000) $19,096 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 79,122 Value ($000) $15,818 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 79,554 Value ($000) $15,801 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 80,286 Value ($000) $15,131 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 76,735 Value ($000) $13,521 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 76,627 Value ($000) $10,688 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 74,454 Value ($000) $11,085 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 52,786 Value ($000) $7,215 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 50,636 Value ($000) $8,633 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 39,647 Value ($000) $6,400 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 39,277 Value ($000) $6,494 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 32,701 Value ($000) $5,224 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 33,572 Value ($000) $4,402 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 35,142 Value ($000) $5,294 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 36,455 Value ($000) $4,890 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 37,256 Value ($000) $4,228 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 37,204 Value ($000) $4,360 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 40,298 Value ($000) $4,405 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 37,678 Value ($000) $3,861 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 49,640 Value ($000) $5,082 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 53,032 Value ($000) $5,451 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 54,130 Value ($000) $4,775 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 53,472 Value ($000) $4,913 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 54,352 Value ($000) $4,876 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 55,187 Value ($000) $4,675 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 56,272 Value ($000) $4,522 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 57,064 Value ($000) $4,578 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 58,785 Value ($000) $5,034 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 60,296 Value ($000) $5,027 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 58,691 Value ($000) $4,876 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 59,312 Value ($000) $4,702 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 58,829 Value ($000) $4,545 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 58,907 Value ($000) $4,760 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 59,090 Value ($000) $4,277 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 60,345 Value ($000) $4,156 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	87,706	$22,561	$264.83	$245.59 - $291.75
Q3 2025	89,620	$26,303	$297.80	$280.46 - $312.33
Q2 2025	91,062	$28,084	$302.36	$268.13 - $324.50
Q1 2025	90,479	$27,644	$295.41	$279.29 - $315.84
Q4 2024	89,800	$26,287	$287.90	$266.14 - $301.35
Q3 2024	89,429	$24,748	$253.49	$223.96 - $274.02
Q2 2024	90,008	$21,484	$236.61	$228.77 - $245.17
Q1 2024	90,472	$22,595	$234.26	$221.78 - $245.61
Q4 2023	90,374	$21,055	$222.04	$195.57 - $239.12
Q3 2023	90,199	$21,700	$231.16	$204.74 - $243.17
Q2 2023	91,510	$20,113	$203.27	$189.64 - $210.89
Q1 2023	90,882	$20,233	$211.47	$197.72 - $230.89
Q4 2022	91,597	$21,879	$228.99	$203.81 - $257.33
Q3 2022	79,149	$17,903	$219.07	$190.70 - $242.63
Q2 2022	77,226	$16,221	$202.51	$182.36 - $222.13
Q1 2022	76,829	$17,482	$196.92	$176.60 - $227.31
Q4 2021	77,445	$19,096	$207.28	$180.16 - $228.68
Q3 2021	79,122	$15,818	$187.71	$179.33 - $197.68
Q2 2021	79,554	$15,801	$176.27	$167.48 - $182.39
Q1 2021	80,286	$15,131	$156.66	$143.60 - $175.27
Q4 2020	76,735	$13,521	$147.45	$121.14 - $161.77
Q3 2020	76,627	$10,688	$125.00	$114.15 - $135.97
Q2 2020	74,454	$11,085	$126.99	$112.18 - $142.82
Q1 2020	52,786	$7,215	$141.95	$91.30 - $160.44
Q4 2019	50,636	$8,633	$145.09	$134.54 - $151.18
Q3 2019	39,647	$6,400	$143.97	$136.57 - $151.98
Q2 2019	39,277	$6,494	$140.97	$134.10 - $148.45
Q1 2019	32,701	$5,224	$125.45	$108.70 - $138.61
Q4 2018	33,572	$4,402	$121.16	$104.68 - $131.62
Q3 2018	35,142	$5,294	$120.81	$110.27 - $129.74
Q2 2018	36,455	$4,890	$107.77	$94.91 - $120.77
Q1 2018	37,256	$4,228	$98.61	$90.87 - $105.75
Q4 2017	37,204	$4,360	$96.16	$91.15 - $100.81
Q3 2017	40,298	$4,405	$89.59	$83.96 - $101.73
Q2 2017	37,678	$3,861	$84.22	$79.33 - $87.79
Q1 2017	49,640	$5,082	$84.40	$77.75 - $87.39
Q4 2016	53,032	$5,451	$76.76	$70.20 - $85.82
Q3 2016	54,130	$4,775	$74.09	$70.80 - $78.37
Q2 2016	53,472	$4,913	$71.77	$68.45 - $75.00
Q1 2016	54,352	$4,876	$67.69	$61.81 - $73.03
Q4 2015	55,187	$4,675	$69.13	$63.10 - $72.67
Q3 2015	56,272	$4,522	$63.87	$51.20 - $67.86
Q2 2015	57,064	$4,578	$67.60	$63.55 - $69.99
Q1 2015	58,785	$5,034	$67.89	$64.32 - $71.03
Q4 2014	60,296	$5,027	$63.52	$55.18 - $68.07
Q3 2014	58,691	$4,876	$56.27	$54.11 - $58.19
Q2 2014	59,312	$4,702	$52.86	$49.83 - $54.58
Q1 2014	58,829	$4,545	$52.44	$48.53 - $56.01
Q4 2013	58,907	$4,760	$51.46	$46.89 - $56.22
Q3 2013	59,090	$4,277	$48.32	$45.84 - $50.27
Q2 2013	60,345	$4,156	$45.09	$41.94 - $47.70