Cullen Frost Bankers Announces 20% Fall In Q4 Bottom Line

(RTTNews) - Cullen Frost Bankers (CFR) reported a profit for fourth quarter that declined from last year.

The company said its profit came in at $56.22 million, or $0.90 per share. This was down from $70.69 million, or $1.11 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cullen Frost Bankers earnings at a glance:

-Earnings (Q4): $56.22 Mln. vs. $70.69 Mln. last year. -Earnings Decline (Y-o-Y): -20.5% -EPS (Q4): $0.90 vs. $1.11 last year. -EPS Decline (Y-o-Y): -18.9% -Analysts Estimate: $1.01