With strong underwriting and business relationships, Cullen/Frost should perform in all environments
Cullen/Frost finished up a strong 2017 with an equally strong fourth quarter. We were pleased with noninterest income growth, which slightly exceeded our expectations, and expenses were also well controlled during the year. The fourth quarter also saw a $4 million, or $0.06 per share, net benefit from tax-related items. All of these items combined led to a solid beat of our annual expectations. Normalizing for the one time tax benefits during the quarter, the return on average assets was 1.15% f...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.
We have operations in 27 countries.
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