Cullen/Frost Bankers, Inc. (CFR) reported third quarter net income of $44.7 million or $0.75 per share, compared to $48.97 million or $0.83 per share last year.
On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.77 per share. Analysts' estimates typically exclude special items.
Net interest income dropped to $133.99 million from $134.74 million in the year ago quarter.
Total non-interest income declined to $69.5 million from $77.32 million in the same quarter last year.
Eight analysts estimated revenues of $215.41 million.
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