Commerce Bancshares (CBSH) vs Cullen/Frost Bankers (CFR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Cullen/Frost Bankers (CFR) has outperformed Commerce Bancshares (CBSH) over the past year, gaining 17.5% versus a loss of 2.4%. Over five years, CFR leads with a +21.5% price change compared with -7.2% for CBSH. Cullen/Frost Bankers is the larger company by market cap ($9.34 billion vs $7.80 billion), about 1.2 times the size, while Commerce Bancshares is growing revenue faster (+9.8% vs +8.3%).
On valuation, Commerce Bancshares trades at a lower forward P/E (11.8x vs 12.5x for Cullen/Frost Bankers). Cullen/Frost Bankers offers the higher dividend yield (2.68% vs 1.97%). Commerce Bancshares converts more of its revenue into profit, with a net margin of 3066.8% versus 29.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CBSH | CFR |
|---|---|---|
| Share price | $54.39 | $150.24 |
| Market cap | $7.80B | $9.34B |
| 1-day change | -0.40% | -1.39% |
| YTD return | +3.92% | +18.64% |
| 1-year return | -2.44% | +17.49% |
| 5-year return | -7.20% | +21.49% |
| P/E ratio (TTM) | 13.33 | 14.40 |
| Forward P/E | 11.84 | 12.55 |
| EPS (TTM) | $4.08 | $10.43 |
| Dividend yield | 1.97% | 2.68% |
| Annual dividend | $1.07 | $4.03 |
| Revenue (latest FY) | $18.46M | $2.24B |
| Revenue growth (YoY) | +9.80% | +8.31% |
| Net income (latest FY) | $566.25M | $648.56M |
| Net margin | 3066.78% | 29.02% |
| 52-week high | $60.92 | $170.80 |
| 52-week low | $46.99 | $119.00 |
| Distance from 52-week high | -10.72% | -12.04% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +20.94% | +15.39% |
| Average volume | 1.02M | 540.50K |
| Shares outstanding | 143.43M | 62.15M |
| Employees | 4,976 | 6,008 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CFR has outperformed CBSH by 19.9 percentage points over the past year.
- Commerce Bancshares is more profitable, keeping 3066.8 cents of every revenue dollar as net income versus 29.0 cents for Cullen/Frost Bankers.
About Commerce Bancshares
CBSH stock →Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States.
Finance · Major Banks · 4,976 employees
About Cullen/Frost Bankers
CFR stock →Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.
Finance · Major Banks · 6,008 employees
CBSH vs CFR FAQ
Which is bigger, Commerce Bancshares or Cullen/Frost Bankers?
Cullen/Frost Bankers (CFR) is larger, with a market capitalization of $9.34B compared with $7.80B for Commerce Bancshares (CBSH).
Which stock has performed better over the past year, CBSH or CFR?
CFR returned +17.49% over the past 12 months, compared with -2.44% for CBSH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CBSH or CFR?
CBSH has the lower trailing P/E at 13.3, versus 14.4 for CFR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Commerce Bancshares or Cullen/Frost Bankers?
Cullen/Frost Bankers has the higher yield at 2.68%, compared with 1.97% for Commerce Bancshares.
Are Commerce Bancshares and Cullen/Frost Bankers in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.