Cullen/Frost Q3 Earnings Surpass Estimates, Expenses Rise Y/Y

Cullen/Frost Bankers, Inc. (CFR) reported third-quarter 2024 earnings per share (EPS) of $2.24, down 5.6% from the prior-year quarter. Nonetheless, the bottom line surpassed the Zacks Consensus Estimate by 3.7%.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Results were primarily aided by a rise in non-interest income and net interest income (NII), alongside higher loan balances in the quarter. However, a rise in non-interest expenses and credit loss expenses were significan ...