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Cullen/Frost Bankers: Undeniably Big But Lagging The Performance Of Its Texas Peers

Cullen/Frost Bankers (NYSE:CFR) has grown to be one of the 50 largest banks in the U.S. with a market cap of $4.2 billion and assets under management of $22.45 billion (when last reported). The bank has grown very fast both organically and through acquisitions that have, much like its Texan peers, rewarded the bank with a sizeable premium over the bank's tangible book value per share.

The bank is very safe, stable and has a pending merger on the books that will increase its reach through the Permian Basin by adding $1.4 billion in assets to the balance sheet. With this mind, below I have presented a review of the bank's current financial position, earning power...

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