Cullen/Frost Bankers Q4 Profit Matches Estimate - Quick Facts

(RTTNews) - Cullen/Frost Bankers, Inc. (CFR) Wednesday said fourth-quarter net income available to common shareholders rose to $70.69 million or $1.11 per share, up from $50.66 million or $0.99 per share in the comparable quarter last year.

On average, 18 analysts polled by Thomson Reuters expected earnings of $1.11 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the latest fourth quarter increased to $178.99 million from $159.21 million in the prior year period, while total non-interest income was $82.64 million, compared to $78.54 million last year.

Provision for loan losses were $4.40 million, compared to $5.90 million last year.