Purpose of this Post
The purpose is this post is to describe why I recently began buying more shares in Cullen/Frost Bankers Inc. (CFR). The analysis is divided into five parts.
- My CFR investment history
- Why CFR is considered a High Quality bank
- Business model and balance sheet review.
- Price-to-earning ratio overview
- Risks that threaten CFR
Part 1: My CFR Investment History
About five years ago I invested in a group of High Quality banks located in different geographies and of different sizes. Each had a distinguished history of Operational Excellence and returns