Cullen/Frost Bankers Inc. in San Antonio reported a double-digit drop in third-quarter earnings after provisioning for expected losses caused by Hurricane Ike, which lashed the Galveston and Houston areas in mid-September.

The $14.1 billion-asset company said Wednesday that its earnings fell 13%, to $49 million, from a year earlier. Earnings per share fell 14%, to 82 cents, 6 cents below the average estimate of analysts polled by Thomson Reuters.

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