SAN ANTONIO (AP) — SAN ANTONIO (AP) — Cullen/Frost Bankers Inc. (CFR) on Thursday reported third-quarter profit of $180.2 million.

The bank, based in San Antonio, said it had earnings of $2.84 per share. Earnings, adjusted for non-recurring costs, came to $2.94 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.79 per share.

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