Cullen Frost Bankers Announces 20% Gain In Q2 Profit

(RTTNews) - Cullen Frost Bankers (CFR) reported a profit for its second quarter that increased from last year.

The company said its bottom line totaled $83.54 million, or $1.29 per share. This was higher than $69.49 million, or $1.11 per share, in last year's second quarter.

Analysts had expected the company to earn $1.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cullen Frost Bankers earnings at a glance:

-Earnings (Q2): $83.54 Mln. vs. $69.49 Mln. last year. -Earnings Growth (Y-o-Y): 20.2% -EPS (Q2): $1.29 vs. $1.11 last year. -EPS Growth (Y-o-Y): 16.2% -Analysts Estimate: $1.29