State Street Corporation filed a Schedule 13G with the SEC on November 9, 2026, disclosing beneficial ownership of 2,930,133 shares of Cullen/Frost Bankers Inc common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: State Street Corporation reported beneficial ownership of 2,930,133 shares of Cullen/Frost Bankers Inc common stock.
  • Percent of class: The reported stake represents 4.7% of the outstanding class of common stock.
  • Shared voting power: State Street disclosed shared power to vote or direct the vote of 475,728 shares, with zero shares held under sole voting power.
  • Shared dispositive power: The filing disclosed shared power to dispose of 2,929,733 shares, with zero shares under sole dispositive power.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.
  • Subsidiaries involved: Six subsidiaries are identified as having acquired the reported securities, including SSGA Funds Management, Inc. and State Street Global Advisors Europe Limited, each classified as an investment adviser.
  • Signing officer: The statement was signed by Alok Maheshwary, Senior Vice President of State Street Corporation, dated November 9, 2026.

State Street Corporation's Schedule 13G Filing on Cullen/Frost Bankers

State Street Corporation, organized in Massachusetts and headquartered at One Congress Street, Suite 1, Boston, MA 02114, filed this Schedule 13G disclosing a 4.7% beneficial ownership position in Cullen/Frost Bankers Inc (CUSIP 229899109), whose principal executive offices are located at 112 East Pecan Street, Suite 125, San Antonio, Texas 78205. According to the filing, the reporting person is classified as a parent holding company (type "HC").

The filing disclosed that State Street holds 2,930,133 shares in aggregate beneficial ownership. Of these, the company reported shared voting power over 475,728 shares and shared dispositive power over 2,929,733 shares. The filing reported zero shares subject to sole voting or sole dispositive power. The aggregate amount in row 9 does not, according to the filing, exclude any shares under Item 10's check box.

Six subsidiaries are identified under Item 7 as having acquired the securities on behalf of State Street as parent holding company: SSGA Funds Management, Inc.; State Street Global Advisors Europe Limited; State Street Global Advisors Limited; State Street Global Advisors Singapore Limited; State Street Global Advisors Trust Company; and State Street Global Advisors, Ltd. All six are classified as investment advisers (IA) in the filing. Item 5 of the filing notes ownership of 5 percent or less of the class. The certification states the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

State Street Corporation disclosed a 4.7% beneficial ownership stake, totaling 2,930,133 shares, in Cullen/Frost Bankers Inc common stock as of September 30, 2026, with shared voting power over 475,728 shares and shared dispositive power over 2,929,733 shares, held through six investment adviser subsidiaries.