Cullen Frost Bankers Profit Advances 6% In Q3

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

The company said its bottom line totaled $78.20 million, or $1.24 per share. This was higher than $73.83 million, or $1.17 per share, in last year's third quarter.

Analysts had expected the company to earn $1.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cullen Frost Bankers earnings at a glance:

-Earnings (Q3): $78.20 Mln. vs. $73.83 Mln. last year. -Earnings Growth (Y-o-Y): 5.9% -EPS (Q3): $1.24 vs. $1.17 last year. -EPS Growth (Y-o-Y): 6.0% -Analysts Estimate: $1.16