SAN ANTONIO (AP) _ Cullen/Frost Bankers Inc. (CFR) on Thursday reported fourth-quarter profit of $88.3 million.
The bank, based in San Antonio, said it had earnings of $1.38 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
For the year, the company reported profit of $331.2 million, or $5.10 per share. Revenue was reported as $1.54 billion.
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Cullen/Frost shares have climbed 11% since the beginning of the year. The stock has risen 5% in the last 12 months.
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