Cullen/Frost Bankers, Inc. (NYSE:CFR) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.20 per share.
Looking ahead, the full year income are expected at $ 4.66 per share on the revenues of $ 1434.64 million.
Previous Quarter Performance
Cullen/Frost Bankers, Inc. unveiled income for the second quarter of $ 1.47 per share, from the revenue of $ 347.32 million. The quarterly earnings shrunk 14.53 percent while revenues reduced 3.64 percent compared with the same quarter last year.
Wall street analysts are predicting, CFR to report 2Q20 income of $ 0.77 per share from revenue of $ 355.28 million. The bottom line results beat street analysts by $ 0.7 or 90.91 percent, at the same time, top line results fell short of analysts by $ 7.96 million or 2.24 percent.
Stock Performance
Shares of Cullen/Frost Bankers, Inc. traded up $ 0.08 or 0.12 percent on Wednesday, reaching $ 66.58 with volume of 508.10 thousand shares. Cullen/Frost Bankers, Inc. has traded high as $ 67.40 and has cracked $ 64.62 on the downward trend
According to the previous trading day, closing price of $ 66.58, representing a 39.44 % increase from the 52 week low of $ 47.69 and a 33.11 % decrease over the 52 week high of $ 99.42.
The company has a market capital of $ 4.17 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.71 per share on July 30, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Cullen/Frost Bankers, Inc. will be hosting a conference call at 9:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.frostbank.com
Cullen/Frost Bankers, Inc. operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors.
