Cullen/Frost Bankers (CFR) Misses Q1 EPS by 54c

Cullen/Frost Bankers (NYSE: CFR) reported Q1 EPS of $0.75, $0.54 worse than the analyst estimate of $1.29.

"Our first quarter showed accelerating growth in business volumes which can be seen in our increased loans and deposits," said Phil Green, Cullen/Frost Chairman and CEO. "We will continue to utilize our strong balance sheet and liquidity to meet our customers' demand for new loans. We also continue to do our part helping our communities deal with the effects of the COVID-19 pandemic, including working hard to keep our employees and customers safe, donating $2 million to charitable organizations to help provide relief, and going above and beyond to supply 10,500 customers with $3 billion in PPP loans. I am extremely proud of our employees who have performed at heroic levels in difficult conditions to provide this help to businesses and families in our communities."

For earnings history and earnings-related data on Cullen/Frost Bankers (CFR) click here.

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