Cullen/Frost: 4Q Earnings Snapshot
SAN ANTONIO (AP) _ Cullen/Frost Bankers Inc. (CFR) on Thursday reported fourth-quarter earnings of $119.3 million.
The San Antonio-based bank said it had earnings of $1.82 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
For the year, the company reported profit of $454.9 million, or $6.90 per share. Revenue was reported as $1.4 billion.
Cullen/Frost shares have climbed 13 percent since the beginning of the year. The stock has dropped roughly 7 percent in the last 12 months.