Cullen/Frost Bankers, Inc. (CFR) Reports In-Line Q4 EPS

Cullen/Frost Bankers, Inc. (NYSE: CFR) reported Q4 EPS of $1.11, in-line with the analyst estimate of $1.11.

"I am very pleased to report strong quarterly and annual results for our shareholders for 2014," said Dick Evans, Cullen/Frost chairman and CEO. "As the economy recovers, we are reaping the benefit of our consistent and focused efforts to grow the company through the downturn.

"Our double-digit increases in average loans in the quarter and for 2014 reflect our disciplined efforts to leverage the new business relationships we added during the recession," said Evans. "This loan growth is especially positive as many companies are still proceeding cautiously in response to ongoing uncertainty. Deposit growth remained strong for 2014 with new funds coming from both new and existing customers. At the end of 2014, our assets were at an all-time high of $28.3 billion," Evans continued. "In light of a persistently low interest rate environment, I was encouraged to see impressive growth from last year in taxable equivalent net interest income. Our capital levels remain strong.

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

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