The net interest margin was 3.76% for the fourth quarter compared to 3.93% for the fourth quarter of 2010 and 3.81% for the third quarter of 2011. For the year 2011, the net interest income on a taxable equivalent basis increased to $642.1 million, up 4.2% over the $616.3 million reported in 2010.Non-interest income for the fourth quarter of 2011 was $67.7 million, down $2.6 million. The Dodd-Frank commitment to -- the Durbin amendment to Dodd-Frank negatively impacts non-interest income by approximately $5 million per quarter. In the fourth quarter, that impact was most evident in other income, which was down $3.4 million and service charges on deposits, which were down $1 million. For the entire year, non-interest income was $290 million, up $8 million over 2010.
Cullen/Frost Bankers' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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