Cullen/Frost Bankers Q1 Net Income Declines - Quick Facts

(RTTNews) - Cullen/Frost Bankers, Inc. (CFR) reported first quarter income per share of $0.75, compared to $1.79, a year ago. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $1.26, for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, net interest income on a taxable-equivalent basis was $268.5 million, down 1.0 percent from a year ago. Non-interest income was $212.9 million, an increase from $96.8 million, previous year. Analysts expected revenue of $365.71 million for the quarter.

The Cullen/Frost board declared a second-quarter cash dividend of $0.71 per common share, payable June 15, 2020 to shareholders of record on May 29.