Oct. 31 at 6:06 PM
$CFR beats earnings expectations — what’s driving the growth? 🚀
Cullen/Frost Bankers reported Q3 EPS of
$2.67, surpassing the Zacks Consensus Estimate by 12.2%. The strong performance was fueled by a 2.9% increase in net interest income and a 10.5% rise in non-interest income, alongside higher loan and deposit balances. However, watch out for rising non-interest expenses.
Complete risk/reward breakdown here 👉 https://www.zacks.com/stock/news/2782857/cullenfrost-q3-earnings-beat-on-strong-nii-fee-income-growth?cid=sm-stocktwits-2-2782857-body-18837&ADID=SYND_STOCKTWITS_TWEET_2_2782857_BODY_18837