CULLEN FROST BANKERS INC

Ticker: CFR CUSIP: 229899109 Class: COM

State of Tennessee, Department of Treasury's Holding History (CIK: 0001587973)

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

Q4 2025

Shares 25,253 Value ($000) $3,480 Avg Close $124.81 Range $118.05 - $131.54

Q3 2025

Shares 26,334 Value ($000) $3,338 Avg Close $128.28 Range $119.45 - $138.08

Q2 2025

Shares 26,334 Value ($000) $3,385 Avg Close $119.75 Range $97.98 - $128.76

Q1 2025

Shares 26,334 Value ($000) $3,297 Avg Close $130.63 Range $116.83 - $142.04

Q4 2024

Shares 26,334 Value ($000) $3,535 Avg Close $126.85 Range $102.70 - $142.25

Q3 2024

Shares 30,908 Value ($000) $3,457 Avg Close $104.76 Range $92.61 - $117.67

Q2 2024

Shares 39,913 Value ($000) $4,056 Avg Close $99.43 Range $89.89 - $110.75

Q1 2024

Shares 48,318 Value ($000) $5,439 Avg Close $100.64 Range $93.55 - $108.34

Q4 2023

Shares 50,018 Value ($000) $5,426 Avg Close $90.62 Range $76.49 - $106.41

Q3 2023

Shares 93,918 Value ($000) $8,566 Avg Close $93.75 Range $81.90 - $110.82

Q2 2023

Shares 35,133 Value ($000) $3,778 Avg Close $95.71 Range $84.54 - $105.15

Q1 2023

Shares 44,418 Value ($000) $4,679 Avg Close $113.27 Range $87.46 - $126.43

Q4 2022

Shares 47,318 Value ($000) $6 Avg Close $128.49 Range $113.22 - $144.87

Q3 2022

Shares 47,318 Value ($000) $6 Avg Close $117.79 Range $102.24 - $129.36

Q2 2022

Shares 37,408 Value ($000) $4,356 Avg Close $114.03 Range $100.96 - $130.98

Q1 2022

Shares 17,408 Value ($000) $2,409 Avg Close $123.52 Range $110.83 - $131.17

Q4 2021

Shares 27,408 Value ($000) $3,455 Avg Close $113.50 Range $104.50 - $123.02

Q3 2021

Shares 17,408 Value ($000) $2,065 Avg Close $97.86 Range $87.80 - $108.90

Q2 2021

Shares 19,141 Value ($000) $2,144 Avg Close $101.82 Range $92.84 - $108.70

Q1 2021

Shares 19,141 Value ($000) $2,082 Avg Close $89.31 Range $73.93 - $104.16

Q4 2020

Shares 20,726 Value ($000) $1,808 Avg Close $67.58 Range $53.34 - $77.06

Q3 2020

Shares 19,790 Value ($000) $1,266 Avg Close $59.69 Range $52.69 - $66.59

Q2 2020

Shares 19,790 Value ($000) $1,479 Avg Close $58.78 Range $43.52 - $74.12

Q1 2020

Shares 40,649 Value ($000) $2,268 Avg Close $68.15 Range $40.09 - $81.89

Q4 2019

Shares 36,848 Value ($000) $3,603 Avg Close $77.10 Range $67.80 - $82.90

Q3 2019

Shares 22,923 Value ($000) $2,030 Avg Close $72.94 Range $65.52 - $82.69

Q2 2019

Shares 21,961 Value ($000) $2,057 Avg Close $79.79 Range $73.85 - $85.12

Q1 2019

Shares 88,493 Value ($000) $8,590 Avg Close $80.50 Range $69.90 - $85.96

Q4 2018

Shares 88,493 Value ($000) $7,782 Avg Close $78.37 Range $66.24 - $87.16

Q3 2018

Shares 86,734 Value ($000) $9,059 Avg Close $88.90 Range $82.39 - $93.03

Q2 2018

Shares 58,800 Value ($000) $6,365 Avg Close $89.84 Range $80.91 - $96.62

Q1 2018

Shares 98,800 Value ($000) $10,480 Avg Close $82.70 Range $74.57 - $88.23

Q4 2017

Shares 118,800 Value ($000) $11,244 Avg Close $75.74 Range $72.28 - $81.18

Q3 2017

Shares 78,800 Value ($000) $7,480 Avg Close $70.69 Range $63.69 - $77.00

Q2 2017

Shares 98,800 Value ($000) $9,278 Avg Close $71.70 Range $66.32 - $77.39

Q1 2017

Shares 98,800 Value ($000) $8,790 Avg Close $69.53 Range $63.64 - $74.92

Q4 2016

Shares 98,800 Value ($000) $8,717 Avg Close $61.60 Range $53.50 - $68.59

Q3 2016

Shares 128,800 Value ($000) $9,266 Avg Close $52.78 Range $44.85 - $56.52

Q2 2016

Shares 38,800 Value ($000) $2,473 Avg Close $46.66 Range $38.78 - $51.48

Q1 2016

Shares 38,800 Value ($000) $2,138 Avg Close $38.79 Range $31.63 - $44.93

Q4 2015

Shares 138,800 Value ($000) $8,328 Avg Close $49.23 Range $44.21 - $54.77

Q3 2015

Shares 48,800 Value ($000) $3,103 Avg Close $50.16 Range $43.56 - $58.34

Q2 2015

Shares 138,800 Value ($000) $10,907 Avg Close $53.97 Range $49.18 - $58.88

Q1 2015

Shares 68,800 Value ($000) $4,753 Avg Close $48.75 Range $44.02 - $51.97

Q4 2014

Shares 68,800 Value ($000) $4,860 Avg Close $54.33 Range $48.79 - $58.92

Q3 2014

Shares 144,900 Value ($000) $11,086 Avg Close $56.16 Range $53.78 - $58.73

Q2 2014

Shares 104,900 Value ($000) $8,331 Avg Close $54.77 Range $51.32 - $57.00

Q1 2014

Shares 26,700 Value ($000) $2,070 Avg Close $52.77 Range $49.21 - $56.00

Q4 2013

Shares 30,000 Value ($000) $2,233 Avg Close $50.20 Range $48.35 - $52.59

Q3 2013

Shares 50,000 Value ($000) $3,528 Avg Close $49.56 Range $46.51 - $53.04

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	25,253	$3,480	$124.81	$118.05 - $131.54
Q3 2025	26,334	$3,338	$128.28	$119.45 - $138.08
Q2 2025	26,334	$3,385	$119.75	$97.98 - $128.76
Q1 2025	26,334	$3,297	$130.63	$116.83 - $142.04
Q4 2024	26,334	$3,535	$126.85	$102.70 - $142.25
Q3 2024	30,908	$3,457	$104.76	$92.61 - $117.67
Q2 2024	39,913	$4,056	$99.43	$89.89 - $110.75
Q1 2024	48,318	$5,439	$100.64	$93.55 - $108.34
Q4 2023	50,018	$5,426	$90.62	$76.49 - $106.41
Q3 2023	93,918	$8,566	$93.75	$81.90 - $110.82
Q2 2023	35,133	$3,778	$95.71	$84.54 - $105.15
Q1 2023	44,418	$4,679	$113.27	$87.46 - $126.43
Q4 2022	47,318	$6	$128.49	$113.22 - $144.87
Q3 2022	47,318	$6	$117.79	$102.24 - $129.36
Q2 2022	37,408	$4,356	$114.03	$100.96 - $130.98
Q1 2022	17,408	$2,409	$123.52	$110.83 - $131.17
Q4 2021	27,408	$3,455	$113.50	$104.50 - $123.02
Q3 2021	17,408	$2,065	$97.86	$87.80 - $108.90
Q2 2021	19,141	$2,144	$101.82	$92.84 - $108.70
Q1 2021	19,141	$2,082	$89.31	$73.93 - $104.16
Q4 2020	20,726	$1,808	$67.58	$53.34 - $77.06
Q3 2020	19,790	$1,266	$59.69	$52.69 - $66.59
Q2 2020	19,790	$1,479	$58.78	$43.52 - $74.12
Q1 2020	40,649	$2,268	$68.15	$40.09 - $81.89
Q4 2019	36,848	$3,603	$77.10	$67.80 - $82.90
Q3 2019	22,923	$2,030	$72.94	$65.52 - $82.69
Q2 2019	21,961	$2,057	$79.79	$73.85 - $85.12
Q1 2019	88,493	$8,590	$80.50	$69.90 - $85.96
Q4 2018	88,493	$7,782	$78.37	$66.24 - $87.16
Q3 2018	86,734	$9,059	$88.90	$82.39 - $93.03
Q2 2018	58,800	$6,365	$89.84	$80.91 - $96.62
Q1 2018	98,800	$10,480	$82.70	$74.57 - $88.23
Q4 2017	118,800	$11,244	$75.74	$72.28 - $81.18
Q3 2017	78,800	$7,480	$70.69	$63.69 - $77.00
Q2 2017	98,800	$9,278	$71.70	$66.32 - $77.39
Q1 2017	98,800	$8,790	$69.53	$63.64 - $74.92
Q4 2016	98,800	$8,717	$61.60	$53.50 - $68.59
Q3 2016	128,800	$9,266	$52.78	$44.85 - $56.52
Q2 2016	38,800	$2,473	$46.66	$38.78 - $51.48
Q1 2016	38,800	$2,138	$38.79	$31.63 - $44.93
Q4 2015	138,800	$8,328	$49.23	$44.21 - $54.77
Q3 2015	48,800	$3,103	$50.16	$43.56 - $58.34
Q2 2015	138,800	$10,907	$53.97	$49.18 - $58.88
Q1 2015	68,800	$4,753	$48.75	$44.02 - $51.97
Q4 2014	68,800	$4,860	$54.33	$48.79 - $58.92
Q3 2014	144,900	$11,086	$56.16	$53.78 - $58.73
Q2 2014	104,900	$8,331	$54.77	$51.32 - $57.00
Q1 2014	26,700	$2,070	$52.77	$49.21 - $56.00
Q4 2013	30,000	$2,233	$50.20	$48.35 - $52.59
Q3 2013	50,000	$3,528	$49.56	$46.51 - $53.04