Cullen Frost Bankers Announces 2% Retreat In Q3 Earnings

(RTTNews) - Cullen Frost Bankers (CFR) reported a profit for third quarter that retreated compared to the same period last year.

The company said its earnings totaled $73.83 million, or $1.17 per share. This was down from $75.36 million, or $1.18 per share, in last year's third quarter.

Analysts had expected the company to earn $1.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cullen Frost Bankers earnings at a glance:

-Earnings (Q3): $73.83 Mln. vs. $75.36 Mln. last year. -Earnings Decline (Y-o-Y): -2.0% -EPS (Q3): $1.17 vs. $1.18 last year. -EPS Decline (Y-o-Y): -0.8% -Analysts Estimate: $1.13