BUZZ-Cullen/Frost Bankers up on stock repurchase program and higher profit

Reuters

01-31

BUZZ-Cullen/Frost Bankers up on stock repurchase program and higher profit

** Shares of regional lender Cullen/Frost Bankers Inc CFR.N up 3.61% at $143.82, highest since Nov. 2022

** Company authorizes $150 million stock repurchase program

** Co posts Q4 EPS of $2.36 vs. $1.55 same quarter last year

** Stock posts biggest intraday gain since Nov. 6

** Including session gains, CFR up 7.61% YTD; stock rose 23.74% in 2024

(Reporting by Subiksha S in Bangalore)

((Subiksha.S@thomsonreuters.com))

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