The following table presents actual and required capital ratios as of June 30, 2026 and December 31, 2025, for Cullen/Frost and Frost Bank under the Basel III Capital Rules. Capital levels required to be considered well-capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. See the 2025 Form 10-K for a more detailed discussion of the Basel III Capital Rules.


	Actual				Minimum Capital Required Plus Capital Conservation Buffer				Required to be Considered Well- Capitalized (1)
	Capital Amount		Ratio		Capital Amount		Ratio		Capital Amount		Ratio
June 30, 2026
Common Equity Tier 1 to Risk-Weighted Assets
Cullen/Frost	$	4,663,850	13.95	%	$	2,340,319	7.00	%	N/A		N/A
Frost Bank	4,820,325		14.42		2,339,820		7.00		$	2,172,690	6.50	%
Tier 1 Capital to Risk-Weighted Assets
Cullen/Frost	4,809,302		14.38		2,841,816		8.50		2,005,988		6.00
Frost Bank	4,820,325		14.42		2,841,210		8.50		2,674,080		8.00
Total Capital to Risk-Weighted Assets
Cullen/Frost	5,263,839		15.74		3,510,479		10.50		3,343,313		10.00
Frost Bank	5,154,862		15.42		3,509,730		10.50		3,342,600		10.00
Leverage Ratio
Cullen/Frost	4,809,302		9.06		2,124,182		4.00		N/A		N/A
Frost Bank	4,820,325		9.08		2,124,252		4.00		2,655,315		5.00

December 31, 2025
Common Equity Tier 1 to Risk-Weighted Assets
Cullen/Frost	$	4,601,579	14.06	%	$	2,291,102	7.00	%	N/A		N/A
Frost Bank	4,687,844		14.33		2,290,525		7.00		$	2,126,916	6.50	%
Tier 1 Capital to Risk-Weighted Assets
Cullen/Frost	4,747,031		14.50		2,782,053		8.50		1,963,802		6.00
Frost Bank	4,687,844		14.33		2,781,351		8.50		2,617,742		8.00
Total Capital to Risk-Weighted Assets
Cullen/Frost	5,220,324		15.95		3,436,653		10.50		3,273,003		10.00
Frost Bank	5,021,137		15.34		3,435,787		10.50		3,272,178		10.00
Leverage Ratio
Cullen/Frost	4,747,031		8.80		2,157,988		4.00		N/A		N/A
Frost Bank	4,687,844		8.69		2,158,485		4.00		2,698,106		5.00