The likes of JPM, WFC, C, will be putting the squeeze on them. Granted they have done great in the past but this is the era of banking giants or localized banks. CFR in DFW anyway does not have as strong s footprint as they should to compete. Anyone from SanAntonio vouch for their footprint there? I would think it to be strong there. CFR also lacks in Houston. And if BBT&T moves in as rumored competition will be even tougher. COP opening branches too.
CFR is a very strong regional bank. They are conservative in their loaning practices and thus were not negatively impacted by the housing implosion. Don't know about Dallas but Fort Worth deposits are second only to San Antonio. They dominate in San Antonio, with clients such as Valero, Tesoro, Nustar, Rackspace, and HEB. The Frost family would never sell out. I have found this to be a terrific investment. Just wish I had bought more when it was in the 30's.
I reside on the FtW side also. My concern is that there appears to be 3 banks on every 4-cornered intersection. So competition will be keener thus making it more difficult for cfr to grow "our" business. That is the basis for my comment(s). But I do agree with your analysis of cfr. I was a sbit holder thinking of buying cfr shares. They did it for me at nc! But similarly I wished Id bought cfr shares with the sbit as a bonus.