Cullen/Frost Bankers Chairman and CEO Dick Evans said Monday his stress test model looks for a $28 per barrel bottom for oil, and a historically low level of $40 per barrel out to 2020.
Energy loans make up for over 15 percent of Cullen/Frost’s total loan portfolio, and 9.8 percent of them are now considered problem credit. That’s up around 7 percent from the last quarter.
