Cullen/Frost Bankers Thinks Its Stock is Cheap
Cullen/Frost Bankers (NYSE: CFR), a regional bank based in Texas, reported its second-quarter results on Wednesday.
Top-line growth was muted yet again, mostly owing to a small decline in non-interest income. Expenses largely held steady and helped to offset that weakness, but net income was essentially flat year-over-year. Stock buybacks helped the company to show a small gain in EPS, and the company authorized a new stock buyback plan to take advantage of its weak share price.
Data source: Cullen/Frost Bankers. YOY = year over year.
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