Aug. 1 at 4:17 PM
$CFR beats earnings, but shares tumble 4.9% — what's behind the drop? 📉
Despite an 8.1% EPS growth and surpassing the Zacks Consensus Estimate by 4.8%, elevated non-interest expenses and higher credit loss allowances have spooked investors.
Full breakdown here 👉 https://www.zacks.com/stock/news/2650342/cullenfrost-q2-earnings-top-estimates-stock-slips-on-cost-concerns?cid=sm-stocktwits-2-2650342-body-5456&ADID=SYND_STOCKTWITS_TWEET_2_2650342_BODY_5456