Cullen Frost Bankers Profit Declines 5% In Q1

(RTTNews) - Cullen Frost Bankers (CFR) announced earnings for first quarter that dropped from last year.

The company said its bottom line dropped to $66.76 million, or $1.07 per share. This was lower than $70.15 million, or $1.10 per share, in last year's first quarter.

Analysts had expected the company to earn $1.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cullen Frost Bankers earnings at a glance:

-Earnings (Q1): $66.76 Mln. vs. $70.15 Mln. last year. -Earnings Decline (Y-o-Y): -4.8% -EPS (Q1): $1.07 vs. $1.10 last year. -EPS Decline (Y-o-Y): -2.7% -Analysts Estimate: $1.04