SAN ANTONIO (AP) — SAN ANTONIO (AP) — Cullen/Frost Bankers Inc. (CFR) on Thursday reported fourth-quarter earnings of $154.9 million.

The bank, based in San Antonio, said it had earnings of $2.36 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.

For the year, the company reported profit of $582.5 million, or $8.87 per share. Revenue was reported as $2.15 billion.

Cullen/Frost shares have increased slightly more than 3% since the beginning of the year. The stock has increased 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFR at https://www.zacks.com/ap/CFR