Cullen Frost Bankers Reveals 24% Gain In Q1 Earnings

(RTTNews) - Cullen Frost Bankers (CFR) revealed earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $82.93 million, or $1.28 per share. This was up from $66.80 million, or $1.07 per share, in last year's first quarter.

Analysts had expected the company to earn $1.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cullen Frost Bankers earnings at a glance:

-Earnings (Q1): $82.93 Mln. vs. $66.80 Mln. last year. -Earnings Growth (Y-o-Y): 24.1% -EPS (Q1): $1.28 vs. $1.07 last year. -EPS Growth (Y-o-Y): 19.6% -Analysts Estimate: $1.22