Cullen/Frost: Fourth Quarter Financial Overview

Cullen/Frost Bankers Inc. Announces Fourth-Quarter Financial Results

Cullen/Frost Bankers Inc., headquartered in San Antonio, reported a net income of $166.3 million for the fourth quarter.

The company posted earnings of $2.56 per share, or $2.57 per share after adjusting for one-time expenses.

These figures surpassed analysts’ expectations, as the consensus from six analysts polled by Zacks Investment Research had projected earnings of $2.47 per share.

For the full year, Cullen/Frost Bankers Inc. achieved a total profit of $648.6 million, translating to $9.92 per share, with annual revenue reaching $2.32 billion.