SAN ANTONIO (AP) _ Cullen/Frost Bankers Inc. (CFR) on Thursday reported second-quarter earnings of $93.1 million.
The San Antonio-based bank said it had earnings of $1.47 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
Cullen/Frost shares have declined 23% since the beginning of the year. The stock has dropped 20% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFR at https://www.zacks.com/ap/CFR