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SAN ANTONIO (AP) — SAN ANTONIO (AP) — Cullen/Frost Bankers Inc. (CFR) on Thursday reported first-quarter profit of $150.9 million.

The San Antonio-based bank said it had earnings of $2.30 per share.

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

Cullen/Frost shares have declined 13% since the beginning of the year. The stock has risen 12% 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