Cullen/Frost Bankers (CFR) Tops Q1 EPS by 34c

Cullen/Frost Bankers (NYSE: CFR) reported Q1 EPS of $1.77, $0.34 better than the analyst estimate of $1.43.

"Our first quarter results reflect the continued high level of effort put forth across our company," said Phil Green, Cullen/Frost Chairman and CEO. "We were ready to respond when the federal government's Paycheck Protection Program restarted early in the quarter, and the hard work our bankers have put into helping customers get PPP loans is showing up in the increased number of customer relationships we've built, as well as in our net promoter scores and overall customer satisfaction levels. Our new locations in Houston are performing above our projections. All of this has positioned us well to respond to increased economic activity as the country emerges from the pandemic."

For earnings history and earnings-related data on Cullen/Frost Bankers (CFR) click here.

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