CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

NISA INVESTMENT ADVISORS, LLC's Holding History (CIK: 0000937615)

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

Q4 2025

Shares 31,067 Value ($000) $3,934 Avg Close $124.81 Range $118.05 - $131.54

Q3 2025

Shares 31,047 Value ($000) $3,936 Avg Close $128.28 Range $119.45 - $138.08

Q2 2025

Shares 29,999 Value ($000) $3,856 Avg Close $119.75 Range $97.98 - $128.76

Q1 2025

Shares 32,890 Value ($000) $4,118 Avg Close $130.63 Range $116.83 - $142.04

Q4 2024

Shares 33,390 Value ($000) $4,483 Avg Close $126.85 Range $102.70 - $142.25

Q3 2024

Shares 35,590 Value ($000) $3,981 Avg Close $104.76 Range $92.61 - $117.67

Q2 2024

Shares 34,790 Value ($000) $3,536 Avg Close $99.43 Range $89.89 - $110.75

Q1 2024

Shares 36,320 Value ($000) $4,089 Avg Close $100.64 Range $93.55 - $108.34

Q4 2023

Shares 34,666 Value ($000) $3,761 Avg Close $90.62 Range $76.49 - $106.41

Q3 2023

Shares 36,475 Value ($000) $3,327 Avg Close $93.75 Range $81.90 - $110.82

Q2 2023

Shares 37,215 Value ($000) $4,002 Avg Close $95.71 Range $84.54 - $105.15

Q1 2023

Shares 38,655 Value ($000) $4 Avg Close $113.27 Range $87.46 - $126.43

Q4 2022

Shares 37,148 Value ($000) $5 Avg Close $128.49 Range $113.22 - $144.87

Q3 2022

Shares 37,158 Value ($000) $4,914 Avg Close $117.79 Range $102.24 - $129.36

Q2 2022

Shares 37,110 Value ($000) $4,321 Avg Close $114.03 Range $100.96 - $130.98

Q1 2022

Shares 37,110 Value ($000) $5,136 Avg Close $123.52 Range $110.83 - $131.17

Q4 2021

Shares 37,110 Value ($000) $5,233 Avg Close $113.50 Range $104.50 - $123.02

Q3 2021

Shares 37,110 Value ($000) $4,402 Avg Close $97.86 Range $87.80 - $108.90

Q2 2021

Shares 37,110 Value ($000) $4,156 Avg Close $101.82 Range $92.84 - $108.70

Q1 2021

Shares 44,210 Value ($000) $4,808 Avg Close $89.31 Range $73.93 - $104.16

Q4 2020

Shares 41,210 Value ($000) $3,595 Avg Close $67.58 Range $53.34 - $77.06

Q3 2020

Shares 41,210 Value ($000) $2,635 Avg Close $59.69 Range $52.69 - $66.59

Q2 2020

Shares 41,210 Value ($000) $3,079 Avg Close $58.78 Range $43.52 - $74.12

Q1 2020

Shares 43,010 Value ($000) $2,400 Avg Close $68.15 Range $40.09 - $81.89

Q4 2019

Shares 41,110 Value ($000) $4,020 Avg Close $77.10 Range $67.80 - $82.90

Q3 2019

Shares 41,110 Value ($000) $3,640 Avg Close $72.94 Range $65.52 - $82.69

Q2 2019

Shares 42,010 Value ($000) $3,935 Avg Close $79.79 Range $73.85 - $85.12

Q1 2019

Shares 42,610 Value ($000) $4,136 Avg Close $80.50 Range $69.90 - $85.96

Q4 2018

Shares 47,610 Value ($000) $4,187 Avg Close $78.37 Range $66.24 - $87.16

Q3 2018

Shares 49,710 Value ($000) $5,192 Avg Close $88.90 Range $82.39 - $93.03

Q2 2018

Shares 49,710 Value ($000) $5,381 Avg Close $89.84 Range $80.91 - $96.62

Q1 2018

Shares 51,210 Value ($000) $5,401 Avg Close $82.70 Range $74.57 - $88.23

Q4 2017

Shares 51,210 Value ($000) $4,847 Avg Close $75.74 Range $72.28 - $81.18

Q3 2017

Shares 52,110 Value ($000) $4,946 Avg Close $70.69 Range $63.69 - $77.00

Q2 2017

Shares 52,110 Value ($000) $4,860 Avg Close $71.70 Range $66.32 - $77.39

Q1 2017

Shares 55,410 Value ($000) $4,930 Avg Close $69.53 Range $63.64 - $74.92

Q4 2016

Shares 52,410 Value ($000) $4,624 Avg Close $61.60 Range $53.50 - $68.59

Q3 2016

Shares 54,410 Value ($000) $3,914 Avg Close $52.78 Range $44.85 - $56.52

Q2 2016

Shares 51,410 Value ($000) $3,276 Avg Close $46.66 Range $38.78 - $51.48

Q1 2016

Shares 51,310 Value ($000) $2,828 Avg Close $38.79 Range $31.63 - $44.93

Q4 2015

Shares 49,110 Value ($000) $2,947 Avg Close $49.23 Range $44.21 - $54.77

Q3 2015

Shares 42,210 Value ($000) $2,684 Avg Close $50.16 Range $43.56 - $58.34

Q2 2015

Shares 58,010 Value ($000) $4,558 Avg Close $53.97 Range $49.18 - $58.88

Q1 2015

Shares 57,010 Value ($000) $3,938 Avg Close $48.75 Range $44.02 - $51.97

Q4 2014

Shares 49,110 Value ($000) $3,469 Avg Close $54.33 Range $48.79 - $58.92

Q3 2014

Shares 49,110 Value ($000) $3,757 Avg Close $56.16 Range $53.78 - $58.73

Q2 2014

Shares 49,110 Value ($000) $3,900 Avg Close $54.77 Range $51.32 - $57.00

Q1 2014

Shares 49,410 Value ($000) $3,831 Avg Close $52.77 Range $49.21 - $56.00

Q4 2013

Shares 54,410 Value ($000) $4,050 Avg Close $50.20 Range $48.35 - $52.59

Q3 2013

Shares 54,110 Value ($000) $3,817 Avg Close $49.56 Range $46.51 - $53.04

Q2 2013

Shares 51,210 Value ($000) $3,419 Avg Close $43.57 Range $40.75 - $46.68

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	31,067	$3,934	$124.81	$118.05 - $131.54
Q3 2025	31,047	$3,936	$128.28	$119.45 - $138.08
Q2 2025	29,999	$3,856	$119.75	$97.98 - $128.76
Q1 2025	32,890	$4,118	$130.63	$116.83 - $142.04
Q4 2024	33,390	$4,483	$126.85	$102.70 - $142.25
Q3 2024	35,590	$3,981	$104.76	$92.61 - $117.67
Q2 2024	34,790	$3,536	$99.43	$89.89 - $110.75
Q1 2024	36,320	$4,089	$100.64	$93.55 - $108.34
Q4 2023	34,666	$3,761	$90.62	$76.49 - $106.41
Q3 2023	36,475	$3,327	$93.75	$81.90 - $110.82
Q2 2023	37,215	$4,002	$95.71	$84.54 - $105.15
Q1 2023	38,655	$4	$113.27	$87.46 - $126.43
Q4 2022	37,148	$5	$128.49	$113.22 - $144.87
Q3 2022	37,158	$4,914	$117.79	$102.24 - $129.36
Q2 2022	37,110	$4,321	$114.03	$100.96 - $130.98
Q1 2022	37,110	$5,136	$123.52	$110.83 - $131.17
Q4 2021	37,110	$5,233	$113.50	$104.50 - $123.02
Q3 2021	37,110	$4,402	$97.86	$87.80 - $108.90
Q2 2021	37,110	$4,156	$101.82	$92.84 - $108.70
Q1 2021	44,210	$4,808	$89.31	$73.93 - $104.16
Q4 2020	41,210	$3,595	$67.58	$53.34 - $77.06
Q3 2020	41,210	$2,635	$59.69	$52.69 - $66.59
Q2 2020	41,210	$3,079	$58.78	$43.52 - $74.12
Q1 2020	43,010	$2,400	$68.15	$40.09 - $81.89
Q4 2019	41,110	$4,020	$77.10	$67.80 - $82.90
Q3 2019	41,110	$3,640	$72.94	$65.52 - $82.69
Q2 2019	42,010	$3,935	$79.79	$73.85 - $85.12
Q1 2019	42,610	$4,136	$80.50	$69.90 - $85.96
Q4 2018	47,610	$4,187	$78.37	$66.24 - $87.16
Q3 2018	49,710	$5,192	$88.90	$82.39 - $93.03
Q2 2018	49,710	$5,381	$89.84	$80.91 - $96.62
Q1 2018	51,210	$5,401	$82.70	$74.57 - $88.23
Q4 2017	51,210	$4,847	$75.74	$72.28 - $81.18
Q3 2017	52,110	$4,946	$70.69	$63.69 - $77.00
Q2 2017	52,110	$4,860	$71.70	$66.32 - $77.39
Q1 2017	55,410	$4,930	$69.53	$63.64 - $74.92
Q4 2016	52,410	$4,624	$61.60	$53.50 - $68.59
Q3 2016	54,410	$3,914	$52.78	$44.85 - $56.52
Q2 2016	51,410	$3,276	$46.66	$38.78 - $51.48
Q1 2016	51,310	$2,828	$38.79	$31.63 - $44.93
Q4 2015	49,110	$2,947	$49.23	$44.21 - $54.77
Q3 2015	42,210	$2,684	$50.16	$43.56 - $58.34
Q2 2015	58,010	$4,558	$53.97	$49.18 - $58.88
Q1 2015	57,010	$3,938	$48.75	$44.02 - $51.97
Q4 2014	49,110	$3,469	$54.33	$48.79 - $58.92
Q3 2014	49,110	$3,757	$56.16	$53.78 - $58.73
Q2 2014	49,110	$3,900	$54.77	$51.32 - $57.00
Q1 2014	49,410	$3,831	$52.77	$49.21 - $56.00
Q4 2013	54,410	$4,050	$50.20	$48.35 - $52.59
Q3 2013	54,110	$3,817	$49.56	$46.51 - $53.04
Q2 2013	51,210	$3,419	$43.57	$40.75 - $46.68