Cullen/Frost Bankers (CFR) vs Old National Bancorp (ONB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cullen/Frost Bankers (CFR) has outperformed Old National Bancorp (ONB) over the past year, gaining 18.0% versus a gain of 9.9%. Over five years, ONB leads with a +43.2% price change compared with +21.6% for CFR. Cullen/Frost Bankers is the larger company by market cap ($9.35 billion vs $9.34 billion), about 1.0 times the size, while Old National Bancorp is growing revenue faster (+33.9% vs +8.3%).
On valuation, Old National Bancorp trades at a lower forward P/E (8.5x vs 12.6x for Cullen/Frost Bankers). Cullen/Frost Bankers offers the higher dividend yield (2.68% vs 2.33%). Cullen/Frost Bankers converts more of its revenue into profit, with a net margin of 29.0% versus 26.5%.
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 | ONB |
|---|---|---|
| Share price | $150.37 | $24.42 |
| Market cap | $9.35B | $9.34B |
| 1-day change | -1.69% | -1.91% |
| YTD return | +18.75% | +9.46% |
| 1-year return | +18.00% | +9.85% |
| 5-year return | +21.60% | +43.23% |
| P/E ratio (TTM) | 14.21 | 10.81 |
| Forward P/E | 12.61 | 8.45 |
| EPS (TTM) | $10.58 | $2.26 |
| Dividend yield | 2.68% | 2.33% |
| Annual dividend | $4.03 | $0.57 |
| Revenue (latest FY) | $2.24B | $2.52B |
| Revenue growth (YoY) | +8.31% | +33.89% |
| Net income (latest FY) | $648.56M | $669.26M |
| Net margin | 29.02% | 26.51% |
| 52-week high | $170.80 | $27.36 |
| 52-week low | $119.00 | $19.39 |
| Distance from 52-week high | -11.96% | -10.75% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +15.29% | +21.21% |
| Average volume | 540.54K | 4.26M |
| Shares outstanding | 62.15M | 382.57M |
| Employees | 6,008 | 4,914 |
| 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
- Cullen/Frost Bankers trades at a higher earnings multiple (14.2x vs 10.8x trailing P/E).
- Old National Bancorp grew revenue faster in its latest fiscal year (+33.89% vs +8.31%).
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 Old National Bancorp
ONB stock →Old National Bancorp operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States. It accepts deposit accounts, such as noninterest-bearing demand, interest-bearing checking and negotiable order of withdrawal, savings and money market, and time deposits.
Finance · Major Banks · 4,914 employees
CFR vs ONB FAQ
Which is bigger, Cullen/Frost Bankers or Old National Bancorp?
Cullen/Frost Bankers (CFR) is larger, with a market capitalization of $9.35B compared with $9.34B for Old National Bancorp (ONB).
Which stock has performed better over the past year, CFR or ONB?
CFR returned +18.00% over the past 12 months, compared with +9.85% for ONB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CFR or ONB?
ONB has the lower trailing P/E at 10.8, 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 Old National Bancorp?
Cullen/Frost Bankers has the higher yield at 2.68%, compared with 2.33% for Old National Bancorp.
Are Cullen/Frost Bankers and Old National Bancorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.