The San Antonio-based bank, with assets of $7.4 billion, services commercial and consumer segments. The company has maintained a third-quarter return on average assets of 1.53% and returns on average equity of slightly more than 20%, according to Dick Evans, chairman and CEO. Third quarter 1999's figures had been 1.41% and 18.68%, respectively.

Net interest income has increased 9% while non-interest revenue has jumped 12.9%. As of Sept. 30, year-to-date loans are riding 10% higher than last year, coming in at $4.5 billion. Deposits are up 6.6% for a year-to-date of $6.2 billion.

Third-quarter earnings at .52 per diluted common share, show a 15.6% increase from .45 per diluted common share reported in third quarter 1999. Earnings for this year's first three quarters total $80.5 million or $1.50 per diluted common share, up 12.8% from the same period in 1999. Founded in 1868, Frost Bank has 80 offices in Texas.