Lending for energy production growing at Cullen/Frost again

San Antonio-based Cullen/Frost Bankers Inc. has underwritten more loans for energy production in 2017 and 2018, according to U.S. Securities and Exchange Commission records. That's a shift from recent years in which the company has focused on diversifying its loan portfolio outside the energy sector.

Cullen/Frost (NYSE: CFR) underwrote $1.3 billion in energy production loans during 2018, which account for 9.3 percent of overall loans and mark an increase from $1.1 billion in 2017. In 2016, it underwrote…

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