Cullen/Frost Bankers (CFR) vs First Horizon (FHN)
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 First Horizon (FHN) over the past year, gaining 17.5% versus a loss of 1.5%. Over five years, FHN leads with a +37.4% price change compared with +21.5% for CFR. First Horizon is the larger company by market cap ($10.93 billion vs $9.34 billion), about 1.2 times the size, while Cullen/Frost Bankers is growing revenue faster (+8.3% vs +7.2%).
On valuation, First Horizon trades at a lower forward P/E (10.0x vs 12.5x for Cullen/Frost Bankers). First Horizon offers the higher dividend yield (2.77% vs 2.68%). Cullen/Frost Bankers converts more of its revenue into profit, with a net margin of 29.0% versus 28.7%.
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 | CFR | FHN |
|---|---|---|
| Share price | $150.24 | $23.08 |
| Market cap | $9.34B | $10.93B |
| 1-day change | -1.39% | -0.99% |
| YTD return | +18.64% | -3.43% |
| 1-year return | +17.49% | -1.49% |
| 5-year return | +21.49% | +37.38% |
| P/E ratio (TTM) | 14.20 | 11.10 |
| Forward P/E | 12.55 | 9.95 |
| EPS (TTM) | $10.58 | $2.08 |
| Dividend yield | 2.68% | 2.77% |
| Annual dividend | $4.03 | $0.64 |
| Revenue (latest FY) | $2.24B | $3.42B |
| Revenue growth (YoY) | +8.31% | +7.18% |
| Net income (latest FY) | $648.56M | $982.00M |
| Net margin | 29.02% | 28.72% |
| 52-week high | $170.80 | $26.56 |
| 52-week low | $119.00 | $19.80 |
| Distance from 52-week high | -12.04% | -13.10% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +15.39% | +18.93% |
| Average volume | 538.08K | 5.33M |
| Shares outstanding | 62.15M | 473.78M |
| Employees | 6,008 | 7,400 |
| 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 FHN by 19.0 percentage points over the past year.
- Cullen/Frost Bankers trades at a higher earnings multiple (14.2x vs 11.1x trailing P/E).
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
About First Horizon
FHN stock →First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. It operates through Regional Banking, Specialty Banking, and Corporate segments.
Finance · Major Banks · 7,400 employees
CFR vs FHN FAQ
Which is bigger, Cullen/Frost Bankers or First Horizon?
First Horizon (FHN) is larger, with a market capitalization of $10.93B compared with $9.34B for Cullen/Frost Bankers (CFR).
Which stock has performed better over the past year, CFR or FHN?
CFR returned +17.49% over the past 12 months, compared with -1.49% for FHN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CFR or FHN?
FHN has the lower trailing P/E at 11.1, versus 14.2 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, Cullen/Frost Bankers or First Horizon?
First Horizon has the higher yield at 2.77%, compared with 2.68% for Cullen/Frost Bankers.
Are Cullen/Frost Bankers and First Horizon in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.