Cullen/Frost Bankers, Inc. has announced a significant change in its stock exchange listings, opting to transfer from the New York Stock Exchange (NYSE) to the Texas Stock Exchange (TXSE). This decision, made with the authorization of its Board of Directors, reflects the bank's commitment to its Texas roots and the growing economic landscape in the state.

The transfer will affect both the bank's common stock, which trades under the symbol "CFR," and its depositary shares representing a 1/40th interest in a share of 4.450% non-cumulative perpetual preferred stock, Series B, trading as "CFR.PrB." Cullen/Frost expects that its securities will cease trading on the NYSE at market close on November 11, 2026, and will begin trading on the TXSE at market open on November 12, 2026.

This strategic move is not just a logistical change; it symbolizes a broader trend among financial institutions to align more closely with local markets. As noted in the filing, the bank's leadership believes that this transition comes at a pivotal moment in Texas's economic history, as more businesses and financial entities relocate to the state.

Background

Cullen/Frost Bankers, Inc., incorporated in Texas, operates within the National Commercial Banks sector (SIC 6021). The company trades its common stock under the ticker "CFR" and its preferred stock under "CFR-PrB" on the NYSE. The bank has a long-standing history, having played a significant role in Texas's economic development since its establishment in 1868.

What the Filing Says

According to the recent SEC filing (accession number 0000039263-26-000057), Cullen/Frost stated, "On October 29, 2026, Cullen/Frost Bankers, Inc. ... notified the New York Stock Exchange of its intention to voluntarily withdraw the listing of ... its common stock ... and ... its depositary shares ... and transfer the listings to the Texas Stock Exchange." The filing also confirms that no action is required from shareholders regarding this transfer.

Impact

This move may have significant implications for Cullen/Frost Bankers, as it seeks to strengthen its ties to the Texas financial community. The decision could also inspire other banks within the National Commercial Banks sector to consider similar transitions, especially as Texas continues to attract businesses from other regions.

What's Next

The filing does not say what happens next beyond the transition to the Texas Stock Exchange. However, the bank's leadership has expressed optimism about the future and its ongoing commitment to the Texas economy.