Cullen/Frost Bankers Q1 Profit Tops Estimates

RTTNews | 775天前
Cullen/Frost Bankers Q1 Profit Tops Estimates

(RTTNews) - Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that first quarter net income available to common shareholders surged to $175.98 million or $2.70 per share from $97.43 million or $1.50 per share in the prior-year quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $2.55 per share for the quarter. Analysts' estimates, usually, exclude one-time items.

Net interest income on a tax-equivalent basis surged 56.4 percent to $425.84 million from $272.19 million in the year-ago quarter. The company's non-interest income was up 3.9 percent to $105.3 million from $101.4 million in the prior-year period. Analysts expected revenues of $508.93 million for the quarter.

The Cullen/Frost board declared a second-quarter cash dividend of $0.87 per common share, payable June 15, 2023 to shareholders of record on May 31 of this year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Cullen/Frost Bankers Q2 Profit Tops Estimates; Boosts Dividend 3.3%

Cullen/Frost Bankers Q2 Profit Tops Estimates; Boosts Dividend 3.3%

Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that second quarter net income available to common shareholders declined to $143.83 million or $2.21 per share from $160.45 million or $2.47 per share in the prior-year quarter.
RTTNews | 320天前
Cullen/Frost Bankers Q4 Profit Tops Estimates

Cullen/Frost Bankers Q4 Profit Tops Estimates

Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that fourth quarter net income available to common shareholders surged to $189.51 million or $2.91 per share from $99.35 million or $1.54 per share in the prior-year quarter.
RTTNews | 866天前
European Shares Seen Tad Lower At Open

European Shares Seen Tad Lower At Open

European stocks may drift lower on Wednesday as market participants assess the outcome of U.S.-China trade negotiations.
RTTNews | 1小時18分鐘前
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were marginally higher on Wednesday after top U.S. and Chinese officials agreed on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 2小時30分鐘前
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian market is trimming its early gains in mid-market moves on Wednesday, but extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level to fresh all-time highs, following the positive cues from Wall Street overnight, with gains in iron ore miners, energy and financial stocks partially offset by weakness in gold miners and technology stocks.
RTTNews | 3小時31分鐘前
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, amid easing trade war tensions after top U.S. and Chinese officials agreed upon a "framework" to move forward on trade, following two days of high-level talks in London. The framework will first need to be approved by leaders in Washington and Beijing.
RTTNews | 3小時55分鐘前
Sensex, Nifty Set For Muted Start

Sensex, Nifty Set For Muted Start

Indian shares are seen opening little changed on Wednesday despite top U.S. and Chinese officials agreeing on a "framework" to move forward on trade, following two days of high-level talks in London.
RTTNews | 4小時24分鐘前
Thai Bourse May Extend Tuesday's Gains

Thai Bourse May Extend Tuesday's Gains

The Thai stock market on Tuesday ended the two-day slide in which it had slipped more than 5 points or 0.4 percent. The Stock Exchange of Thailand now rests just beneath the 1,140-point plateau and it may tick higher again on Wednesday.
RTTNews | 4小時55分鐘前