SAN ANTONIO (AP) — SAN ANTONIO (AP) — Cullen/Frost Bankers Inc. (CFR) on Thursday reported first-quarter profit of $150.9 million.
The San Antonio-based bank said it had earnings of $2.30 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.
Cullen/Frost shares have declined 13% since the beginning of the year. The stock has risen 12% in the last 12 months.
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