09:25 AM EDT, 05/01/2025 (MT Newswires) -- 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.