Cullen/Frost: Q3 Earnings Snapshot
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SAN ANTONIO (AP) — SAN ANTONIO (AP) — Cullen/Frost Bankers Inc. (CFR) on Thursday reported third-quarter net income of $155.7 million.
The San Antonio-based bank said it had earnings of $2.38 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
Cullen/Frost shares have dropped 37% since the beginning of the year. The stock has dropped 42% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFR at https://www.zacks.com/ap/CFR
