Cullen/Frost Bankers (CFR) vs SouthState Bank (SSB)
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 SouthState Bank (SSB) over the past year, gaining 18.0% versus a loss of 1.1%. Over five years, SSB leads with a +27.8% price change compared with +21.6% for CFR. SouthState Bank is the larger company by market cap ($9.59 billion vs $9.35 billion), about 1.0 times the size.
On valuation, SouthState Bank trades at a lower forward P/E (9.5x vs 12.6x for Cullen/Frost Bankers). Cullen/Frost Bankers offers the higher dividend yield (2.68% vs 2.43%). SouthState Bank converts more of its revenue into profit, with a net margin of 29.8% 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 | CFR | SSB |
|---|---|---|
| Share price | $150.37 | $98.91 |
| Market cap | $9.35B | $9.59B |
| 1-day change | -1.69% | -2.02% |
| YTD return | +18.75% | +5.10% |
| 1-year return | +18.00% | -1.10% |
| 5-year return | +21.60% | +27.76% |
| P/E ratio (TTM) | 14.46 | 10.60 |
| Forward P/E | 12.61 | 9.52 |
| EPS (TTM) | $10.40 | $9.33 |
| Dividend yield | 2.68% | 2.43% |
| Annual dividend | $4.03 | $2.40 |
| Revenue (latest FY) | $2.24B | $2.68B |
| Revenue growth (YoY) | +8.31% | +56.08% |
| Net income (latest FY) | $648.56M | $798.67M |
| Net margin | 29.02% | 29.79% |
| 52-week high | $170.80 | $112.20 |
| 52-week low | $119.00 | $84.48 |
| Distance from 52-week high | -11.96% | -11.84% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +15.29% | +20.31% |
| Average volume | 540.54K | 752.98K |
| Shares outstanding | 62.15M | 96.97M |
| Employees | 6,008 | 6,431 |
| 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 SSB by 19.1 percentage points over the past year.
- Cullen/Frost Bankers trades at a higher earnings multiple (14.5x vs 10.6x trailing P/E).
- SouthState Bank grew revenue faster in its latest fiscal year (+56.08% 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 SouthState Bank
SSB stock →SouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts.
Finance · Major Banks · 6,431 employees
CFR vs SSB FAQ
Which is bigger, Cullen/Frost Bankers or SouthState Bank?
SouthState Bank (SSB) is larger, with a market capitalization of $9.59B compared with $9.35B for Cullen/Frost Bankers (CFR).
Which stock has performed better over the past year, CFR or SSB?
CFR returned +18.00% over the past 12 months, compared with -1.10% for SSB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CFR or SSB?
SSB has the lower trailing P/E at 10.6, versus 14.5 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 SouthState Bank?
Cullen/Frost Bankers has the higher yield at 2.68%, compared with 2.43% for SouthState Bank.
Are Cullen/Frost Bankers and SouthState Bank in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.