CULLEN/FROST BANKERS TO MOVE PRIMARY STOCK EXCHANGE LISTINGS TO TEXAS STOCK EXCHANGE

Shareholders need take no action, and both securities will retain their existing ticker symbols.

Rhea-AI Summary

Cullen/Frost Bankers (CFR) plans to transfer its primary stock exchange listings from the New York Stock Exchange to the Texas Stock Exchange.

The transfer covers common stock and Series B preferred-stock depositary shares, trading under CFR and CFR.PrB. Both securities are expected to stop trading on the NYSE at market close on November 11, 2026, and begin trading on the TXSE at market open on November 12, 2026.

Key Figures

Expected trading transition: Nov. 11, 2026 (NYSE cessation); Nov. 12, 2026 (TXSE commencement) Depositary share interest: 1/40th interest Series B preferred stock rate: 4.450%

Expected trading transition

Nov. 11, 2026 (NYSE cessation); Nov. 12, 2026 (TXSE commencement)

Expected market close on the NYSE and market open on the TXSE

Depositary share interest

1/40th interest

Each depositary share represents an interest in a Series B preferred share

Series B preferred stock rate

4.450%

Non-cumulative perpetual preferred stock included in the listing transfer

Key Terms

depositary shares, non-cumulative perpetual preferred stock

2 terms

depositary shares financial

"The transfer applies to both the Company's common stock and its depositary shares"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

non-cumulative perpetual preferred stock financial

"4.450% non-cumulative perpetual preferred stock, Series B"

Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.

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Ticker symbols "CFR" and "CFR.PrB" to remain unchanged

SAN ANTONIO, Oct. 29, 2026 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) (the "Company" or "Cullen/Frost") today announced that it will voluntarily transfer its primary stock exchange listings from the New York Stock Exchange ("NYSE") to the Texas Stock Exchange ("TXSE").

The transfer applies to both the Company's common stock (ticker: CFR) and its depositary shares, each representing 1/40^th interest in a share of 4.450% non-cumulative perpetual preferred stock, Series B (ticker: CFR.PrB). Both securities are expected to cease trading on the NYSE at the market close on Wednesday, Nov. 11, 2026, and commence trading on the TXSE at the market open on Thursday, Nov. 12, 2026, retaining their existing trading symbols. No action is required on the part of Cullen/Frost shareholders in connection with the transfer of the Company's listings to the TXSE.

"Since 1868, Frost has played a key role in supporting the growth of the Texas economy," said Cullen/Frost Chairman and CEO Phil Green. "We believe we are passing through a significant time in the state's economic history, as more and more businesses and people in the finance sector continue to migrate into Texas, and especially towards the 'Y'all Street' financial district that is emerging in Dallas. We believe moving our listing to the Texas Stock Exchange helps reinforce Cullen/Frost's position as the preeminent Texas-based financial institution."

"America's economic center of gravity is shifting to Texas, and Cullen/Frost has been helping lay the foundation for over 150 years," said James H. Lee, Chairman and CEO of the Texas Stock Exchange. "Their decision to list with TXSE reflects a shared conviction — that a strong, Texas-based exchange strengthens the flow of capital and the growth of financial-sector jobs across our state. We are proud to have earned the primary listing of the largest Texas-headquartered bank and look forward to a long and productive partnership."

About Cullen/Frost Bankers, Inc.

Cullen/Frost Bankers, Inc. (NYSE: CFR) is a financial holding company, headquartered in San Antonio, with $54.5 billion in assets at Sept. 30, 2026. One of the 50 largest U.S. banks, Frost provides a wide range of banking, investments and insurance services to businesses and individuals across Texas in the Austin, Dallas, Fort Worth, Gulf Coast (which includes Corpus Christi, Victoria and the Rio Grande Valley), Houston, Permian Basin, and San Antonio regions. Founded in 1868, Frost has helped clients with their financial needs during three centuries. Additional information is available at www.frostbank.com.

A.B. Mendez
Investor Relations
210.220.5234

or

Bill Day
Media Relations
210.220.5427

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SOURCE Cullen/Frost Bankers, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Cullen/Frost Bankers stock begin trading on the Texas Stock Exchange?

Cullen/Frost Bankers common stock and Series B preferred-stock depositary shares are expected to begin trading on the Texas Stock Exchange at market open on November 12, 2026. Trading on the New York Stock Exchange is expected to end at market close on November 11, 2026.