Frost Bank
San Antonio, Texas, Bexar County
$54.0B in total assets, the 50th largest of 4,309 US banks and 2nd of 352 headquartered in Texas.
- FDIC certificate
- 5510
- Established
- 1899
- Owned by
- Cullen Frost Bankers Inc
- Primary regulator
- FED
- Website
- www.frostbank.com
At a glance
Compared with 11 banks headquartered in Texas with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $54.0B | 98% | $14.2B | |
| Loans | $23.0B | 82% | $8.4B | |
| Deposits | $43.7B | 98% | $11.0B | |
| Return on assets | 1.32% | 46% | 1.43% | |
| Net interest margin | 3.62% | 54% | 3.52% | |
| Efficiency ratio | 62.3% | 73% | 49.6% | |
| Equity to assets | 8.64% | 27% | 10.79% | |
| Loans to deposits | 53% | 18% | 85% |
Growth
Total assets grew 2.9% a year over the last 5 years and 6.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jun 2014 | Western National Bank Odessa, TX | $1.5B |
| Dec 2006 | Summit Bank, National Association Fort Worth, TX | $1.2B |
| Jun 2006 | Alamo Bank of Texas Alamo, TX, an affiliate under the same holding company | $401M |
| Feb 2006 | Texas Community Bank and Trust, National Association Dallas, TX | $123M |
| Oct 2005 | Horizon Capital Bank Houston, TX | $409M |
| May 2000 | United States National Bank of Galveston Galveston, TX, an affiliate under the same holding company | $134M |
| May 1999 | Bank of Commerce Fort Worth, TX | $181M |
| Jan 1999 | Keller State Bank Keller, TX | $73M |
| May 1998 | Overton Bank and Trust, National Association Fort Worth, TX | $900M |
| Jan 1998 | Harrisburg Bank, Houston, Texas Houston, TX | $262M |
| Mar 1997 | Citizens State Bank of Corpus Christi Corpus Christi, TX | $219M |
| Jun 1996 | Park National Bank of Houston Houston, TX, an affiliate under the same holding company | $269M |
| Mar 1996 | State Bank and Trust Company San Marcos, TX | $118M |
| Jun 1995 | The Valley National Bank Mcallen, TX | $53M |
| May 1995 | National Commerce Bank Houston, TX | $124M |
| Apr 1994 | Texas Commerce Bank - Corpus Christi, National Association Corpus Christi, TX | $166M |
| Nov 1993 | Cullen Center Bank & Trust Houston, TX, an affiliate under the same holding company | $300M |
| Feb 1993 | New First City, Texas - Austin, National Association Austin, TX | $276M |
| Feb 1993 | New First City, Texas - San Antonio, National Association San Antonio, TX | $210M |
| Jun 1991 | Portland State Bank Portland, TX | $39M |
| Oct 1989 | First National Bank Boerne, TX | $58M |
| Oct 1989 | Fair Oaks National Bank Bexar County, TX | $11M |
| Aug 1989 | Summit Bank San Antonio, TX | $19M |
| Aug 1989 | University National Bank San Antonio, TX | $20M |
| May 1989 | Parkdale Bank Corpus Christi, TX, an affiliate under the same holding company | $121M |
| Mar 1989 | Frost Bank North Austin, National Association Austin, TX, an affiliate under the same holding company | $55M |
| Feb 1989 | Westpoint National Bank San Antonio, TX | $8M |
| Mar 1988 | Citizens Frost Bank, National Association San Antonio, TX, an affiliate under the same holding company | $116M |
| Mar 1988 | Liberty Frost Bank, National Association San Antonio, TX, an affiliate under the same holding company | $72M |
| Mar 1988 | Colonial Frost Bank, National Association San Antonio, TX, an affiliate under the same holding company | $98M |
| Feb 1988 | North Frost Bank, National Association San Antonio, TX, an affiliate under the same holding company | $118M |
Where they operate
222 branches in 28 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Bexar County, TX | $11.8B | 7.2% | 3 of 50 |
| Tarrant County, TX | $7.2B | 10.8% | 2 of 74 |
| Harris County, TX | $6.4B | 2.1% | 6 of 87 |
| Travis County, TX | $3.9B | 7.7% | 5 of 56 |
| Dallas County, TX | $3.1B | 0.9% | 13 of 109 |
| Midland County, TX | $1.8B | 19.8% | 2 of 15 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 83 branches since 2016 (139 to 222, +59.7%). 110 opened, 0 acquired, 27 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 139 | |||
| 2016 | Opened 11 in TexasClosed Houston | 11 | 1 | +10 | 149 |
| 2017 | Opened 5 in TexasClosed 9 in Texas | 5 | 9 | −4 | 145 |
| 2018 | Opened 4 in TexasClosed 6 in Texas | 4 | 6 | −2 | 143 |
| 2019 | Opened 14 in TexasClosed 3 in Texas | 14 | 3 | +11 | 154 |
| 2020 | Opened 13 in Texas | 13 | 0 | +13 | 167 |
| 2021 | Opened 7 in TexasClosed 5 in Texas | 7 | 5 | +2 | 169 |
| 2022 | Opened 12 in Texas | 12 | 0 | +12 | 181 |
| 2023 | Opened 14 in TexasClosed San Antonio | 14 | 1 | +13 | 194 |
| 2024 | Opened 14 in TexasClosed Addison | 14 | 1 | +13 | 207 |
| 2025 | Opened 10 in Texas | 10 | 0 | +10 | 217 |
| 2026 through Q2 | Opened 6 in TexasClosed Houston | 6 | 1 | +5 | 222 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 34% | 21% | |
| Business (C&I) | 25% | 17% | |
| 1-4 family residential | 18% | 21% | |
| Construction and land | 12% | 9% | |
| Consumer | 2% | 3% | |
| Multifamily | 1% | 6% | |
| Farmland | 1% | 1% | |
| Agricultural | 0% | 1% | |
| Other | 8% | 20% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 51% | 65% | |
| Noninterest-bearing | 34% | 24% | |
| Time deposits | 15% | 11% |
Brokered deposits are 0.0% of deposits (peers 2.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.52% | 0.83% |
| Net charge-offs, annualized | 0.14% | 0.15% |
| Reserves to loans | 1.23% | 1.19% |
| Leverage ratio | 9.08% | 10.67% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Bexar County, TX
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/frost