Cullen/Frost Bankers Q4 Profit Tops Estimates

RTTNews | 858 дней спустя
Cullen/Frost Bankers Q4 Profit Tops Estimates

(RTTNews) - 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.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $2.75 per share for the quarter. Analysts' estimates, usually, exclude one-time items.

Net interest income on a tax-equivalent basis surged 60.5 percent to $423.9 million from $264.0 million in the year-ago quarter. The company's non-interest income was down 3.1 percent to $105.7 million from $109.1 million in the prior-year period. Analysts expected revenues of $501.42 million for the quarter.

The Cullen/Frost board declared a first-quarter cash dividend of $0.87 per common share, payable March 15, 2023 to shareholders of record on February 28 of this year.

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

Тэгов: CFR
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 | 312 дней спустя
Cullen/Frost Bankers Q1 Profit Tops Estimates

Cullen/Frost Bankers Q1 Profit Tops Estimates

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.
RTTNews | 767 дней спустя
UK Manufacturing Sector Shrinks Sharply

UK Manufacturing Sector Shrinks Sharply

The UK factory sector shrank further in May as the weak global demand, trade tensions and rising cost burdens weighed on production and new orders, the purchasing managers' survey results from S&P Global showed on Monday. The final manufacturing PMI rose to a three-month high of 46.4 in May from 45.4 in April. The reading was also above the flash estimate of 45.1.
RTTNews | 5 минут назад
Eurozone Manufacturing Activity Contraction Slows

Eurozone Manufacturing Activity Contraction Slows

Euro area factory activity fell at the slowest pace in more than two years in May, signaling a gradual progress towards recovery, final results of the purchasing managers' survey from S&P Global showed on Monday. The HCOB final manufacturing Purchasing Managers' Index rose to 49.4 in May, in line with the flash estimate, from 49.0 in April.
RTTNews | 20 минут назад
UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK Mortgage Approvals Fall Unexpectedly; House Prices Rise

UK mortgage approvals declined unexpectedly to the lowest level in more than a year in April as stamp duty holiday ended in March, data from the Bank of England revealed Monday. Elsewhere, data from the mortgage lender Nationwide Building Society showed that house prices rebounded unexpectedly in May suggesting momentum in underlying demand. Approvals for home loans rose to 60,463 in May.
RTTNews | 1ч 35мин назад
Bay Street May Open Higher On Firm Commodity Prices

Bay Street May Open Higher On Firm Commodity Prices

Canadian shares may open higher on Monday as firm crude oil and bullion prices are expected to trigger some strong buying in energy and materials sectors. Worries about trade tensions may hurt a bit and limit market's upside.
RTTNews | 2ч 8мин назад
FTSE Up Slightly As Stocks Turn In Mixed Performance

FTSE Up Slightly As Stocks Turn In Mixed Performance

U.K. stocks are turning in a mixed performance in cautious trade on Monday, amid concerns about the Trump administration's tariff stance. The Sino-U.S. trade tensions, with the two nations accusing each other of violating trade agreement, and U.S. President Donald Trump's remarks that the tariffs on steel and aluminum will be doubled to 50%, are weighing sentiment.
RTTNews | 2ч 59мин назад
U.S. Dollar Falls On Re-escalating US-China Trade Tensions

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.
RTTNews | 3ч 35мин назад