Cullen Frost Bankers (CFR) reported its fourth-quarter earnings, showcasing a notable increase from the previous year's figures and surpassing Wall Street expectations.
The company posted earnings of $153.2 million, equal to $2.36 per share. In comparison, last year's figures were $100.9 million, or $1.55 per share.
On average, analysts had projected earnings of $2.17 per share. It is important to note that analysts’ forecasts usually exclude any special items.
Summary of Cullen Frost Bankers' financial performance (GAAP):
- Earnings: $153.2 million compared to $100.9 million the previous year.
- Earnings per share (EPS): $2.36 versus $1.55 last year.
