Cullen/Frost Bankers (CFR) reported Q1 net income Thursday of $2.30 per diluted share, up from $2.06 a year earlier.
Analysts polled by FactSet expected $2.16.
Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $540.2 million, up from $501.4 million a year earlier.
Analysts surveyed by FactSet expected $538.3 million.
Cullen/Frost shares were down more than 4% in premarket trading.
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