Cullen/Frost Bankers (CFR) risk factors, FY2024 10-K

Risks Related To Our Business

1. 01We Are Subject To Interest Rate Risk
2. 02We Are Subject To Lending Risk and Lending Concentration Risk
3. 03Our Allowance For Credit Losses May Be Insufficient
4. 04We Are Subject to Risk Arising From Conditions In The Commercial Real Estate Market
5. 05We Are Subject To Volatility Risk In Crude Oil Prices
6. 06We Are Subject To Environmental Liability Risk Associated With Lending Activities
7. 07We Are Subject To Liquidity Risk
8. 08Unrealized Losses in Our Securities Portfolio Could Affect Liquidity

Operational Risks

1. 09Our Accounting Estimates and Risk Management Processes Rely On Analytical and Forecasting Models
2. 10We Are Subject To Risk Arising From Failure Or Circumvention Of Our Controls and Procedures
3. 11New Lines Of Business, Products Or Services and Technological Advancements May Subject Us To Additional Risks
4. 12Our Reputation and Our Business Are Subject to Negative Publicity Risk
5. 13Our Business, Financial Condition and Results Of Operations Are Subject To Risk From Changes in Customer Behavior
6. 14Cullen/Frost Relies On Dividends From Its Subsidiaries For Most Of Its Revenue
7. 15Our Information Systems May Experience Failure, Interruption Or Breach In Security
8. 16Our Operations Rely On Certain External Vendors
9. 17We Are Subject To Litigation Risk Pertaining To Fiduciary Responsibility
10. 18We Are Subject To Litigation Risk Pertaining To Intellectual Property
11. 19Financial Services Companies Depend On The Accuracy and Completeness Of Information About Customers and Counterparties
12. 20Our Profitability Depends Significantly On Economic Conditions In The State Of Texas
13. 21We Are Subject to Risk Arising From The Soundness Of Other Financial Institutions and Counterparties
14. 22We Operate In A Highly Competitive Industry and Market Area
15. 23We Are Subject To Extensive Government Regulation and Supervision and Related Enforcement Powers and Other Legal Remedies
16. 24The Repeal Of Federal Prohibitions On Payment Of Interest On Demand Deposits Could Increase Our Interest Expense
17. 25We Are Subject To Government Regulation and Oversight Relating to Data and Privacy Protection

Risks Related to Acquisition Activity

1. 26Potential Acquisitions May Disrupt Our Business and Dilute Shareholder Value
2. 27Acquisitions May Be Delayed, Impeded, Or Prohibited Due To Regulatory Issues
3. 28The Trading Volumes In Our Common Stock and Preferred Stock Are Less Than That Of Other Larger Financial Services Companies
4. 29Cullen/Frost May Not Continue To Pay Dividends On Its Common Stock In The Future
5. 30An Investment In Our Common Stock or Preferred Stock Is Not An Insured Deposit
6. 31Certain Banking Laws May Have An Anti-Takeover Effect
7. 32We are Subject To Risk From Fluctuating Conditions In The Financial Markets and Economic and Political Conditions Generally
8. 33We May Need To Raise Additional Capital In The Future, and Such Capital May Not Be Available When Needed Or At All
9. 34Our Stock Price Can Be Volatile
10. 35Changes In Accounting Standards Could Materially Impact Our Financial Statements
11. 36We May Not Be Able To Attract and Retain Skilled People
12. 37Climate Change Could Have a Material Negative Impact on Us and Our Customers