Cullen/Frost: Lending Up a Bit

Cullen/Frost Bankers Inc. in San Antonio posted a slight increase in fourth-quarter earnings compared to a year earlier.

The $17.6 billion-asset company's earnings rose 3.1%, to $53.1 million. The loan-loss provision was half what it had been a year earlier, at $11.3 million. The company's full-year earnings rose 16.6% from 2009, to $208.8 million.

Dick Evans, Cullen/Frost's chairman and chief executive, said in a press release that the company had a "slight uptick" in loans last quarter, up 0.8% at Dec. 31 from the quarter before, the first increase in two years. "I believe we are beginning to see the results of our disciplined calling effort," he said.

For reprint and licensing requests for this article, click here.
Community banking Texas
MORE FROM AMERICAN BANKER