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Tuesday, August 11, 2020

Cullen/Frost: 2Q Earnings Snapshot

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.


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

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