Macquarie Upgrades Cullen/Frost Bankers (CFR) to Neutral

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Go back to Macquarie Upgrades Cullen/Frost Bankers (CFR) to Neutral

Cullen/Frost Reports Third Quarter Results

October 26, 2016 9:00 AM EDT

SAN ANTONIO, Oct. 26, 2016 /PRNewswire/ -- Cullen/Frost Bankers, Inc. (NYSE: CFR) today reported third quarter 2016 results. The company's net income available to common shareholders for the third quarter of 2016 was $78.2 million, compared to $73.8 million in the third quarter 2015. On a per-share basis, net income was $1.24 per diluted common share, compared to $1.17 per diluted common share reported a year earlier for the third quarter of 2015. Returns on average assets and average common equity were 1.07 percent and 10.31 percent, respectively, compared to 1.04 percent and 10.73 percent, respectively, for the same period a year... More