09:25 AM EDT, 07/25/2024 (MT Newswires) -- Cullen/Frost Bankers ( CFR ) reported Q2 earnings Thursday of $2.21 per diluted share, down from $2.47 a year earlier.

Analysts polled by Capital IQ expected $2.07.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and noninterest income, was $528.8 million, up from $512.1 million a year earlier.

Analysts surveyed by Capital IQ expected $508.3 million.

The company said it raised its quarterly dividend to $0.95 per share, payable Sept. 13 to shareholders of record as of Aug. 30.

Price: 114.10, Change: +0.25, Percent Change: +0.22