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CFR-P-B NOW TRADING POST CALL DATE

CULLEN/FROST BANKERS, INC. · Series B · Banks
Also quoted as: CFR-B, CFRprB, CFR.PRB, CFR-PB, CFRpB
$16.56
last price

About this security

CFR-P-B is a 4.45% non-cumulative perpetual preferred stock issued by CULLEN/FROST BANKERS, INC., a Banks issuer. $25 liquidation preference, current yield 6.72%, callable from 2025-12-15.

CULLEN/FROST BANKERS, INC.: Cullen/Frost Bankers, Inc. is a bank holding company for Frost Bank, providing commercial and consumer banking services exclusively in Texas. Founded in 1868 and headquartered in San Antonio, Texas, the company has expanded its footprint across major Texas metropolitan areas including Houston, Dallas, Austin, and Fort Worth. Its services span commercial lending, consumer banking, deposit accounts, investment advisory, and insurance, serving industries such as energy, manufacturing, construction, healthcare, and transportation.

Issuer page — all CULLEN/FROST BANKERS, INC. securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 05:24:40 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
6.72%
Annual Dividend
$1.1125
Recent Market Price
$16.56
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-05-29
Pay Frequency
quarterly
Cumulative
No
Original Coupon
4.450%
Call Date
2025-12-15 ⚑ callable now
Yield to Call
n/a — callable now
Yield to Worst
6.72%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
March 15, June 15, September 15, December 15
Shares Offered (original)
6,000,000
Issued
2020-11-19
Series
B
Alt. Symbology
CFR-B, CFRprB, CFR.PRB, CFR-PB, CFRpB

vs. Banks category (76 issues): yield 6.72% vs avg 6.66% · discount -33.8% vs avg -13.3%

Quote

 CFR-P-B (preferred)CFR (common)
Last $16.56 $148.00
Change
Open$16.50$146.77
High / Low $16.56 / $16.50 $148.53 / $139.20
Prev Close
Volume4,292668,204
52-Week High / Low $19.10 / $16.40 $148.97 / $119.00

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

CFR-P-B CFR (common)

Dividend History

Ex-DateAmount / Share
2026-05-29$0.278125
2026-02-27$0.278125
2025-11-28$0.278125
2025-08-29$0.278125
2025-05-30$0.278125
2025-02-28$0.278125
2024-11-29$0.278125
2024-08-30$0.278125
2024-05-31$0.278125
2024-02-28$0.278125
2023-11-29$0.278125
2023-08-30$0.278125

Performance — $10K Calculator

See what an investment in CFR-P-B would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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Prospectus (SEC 424B5)

We are offering depositary shares, each representing a 1/40th ownership interest in a share of our % non-cumulative perpetual preferred stock, Series B, par value $0.01, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) (the "Preferred Stock").

Full Prospectus (SEC filing) →

News — CULLEN/FROST BANKERS, INC.

Issuer news via Tiingo, tagged to CFR.

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About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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