Excellent Start to 2018 for Cullen/Frost, Propelled by Exceptionally Strong Loan Growth
Cullen/Frost reported exceptionally strong first-quarter 2018 results, with the return on average assets improving to 1.36% and the return on average common equity improving to 13.62%. Both were some of the best results we have seen since the global financial crisis. Noninterest income came in ahead of our estimates, credit costs continued to remain below average, and expenses remained well-controlled, with the bank reaching an efficiency ratio of 61% during the quarter. As a result, we are incr...Cullen/Frost Bankers is a financial holding company and a bank holding company. Through its subsidiaries, the company provides a range of products and services throughout various Texas markets. The company provides commercial and consumer banking services, as well as trust and investment management, insurance, brokerage, mutual funds, leasing, treasury management, capital markets advisory and item processing services. The company serves a variety of industries including, among others, energy, manufacturing, services, construction, retail, telecommunications, healthcare, military and transportation. The company's reportable operating segments are: Banking and Frost Wealth Advisors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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