Cullen/Frost Bankers Posts Higher Q3 Profit, EPS $2.84 vs. $2.67

Cullen/Frost Bankers Inc. (CFR) reported third-quarter earnings that rose from a year earlier, with net income totaling $178.54 million, or $2.84 per share, up from $172.71 million, or $2.67 per share. Revenue for the period increased 6.4% to $603.83 million from $567.27 million last year, according to the company's GAAP results. The results cover the quarter ended in the period reported; the company did not specify further details in the release.