Cullen Frost Bankers Q4 Earnings Advance

(RTTNews) - Cullen Frost Bankers (CFR) released a profit for its fourth quarter that gained ground from last year.

The company said its bottom line climbed to $98.51 million, or $1.53 per share. This was higher than $81.70 million, or $1.28 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cullen Frost Bankers earnings at a glance:

-Earnings (Q4): $98.51 Mln. vs. $81.70 Mln. last year. -Earnings Growth (Y-o-Y): 20.6% -EPS (Q4): $1.53 vs. $1.28 last year. -EPS Growth (Y-o-Y): 19.5% -Analysts Estimate: $1.40