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CULLEN/FROST BANKERS, INC.（CFR）与FIRST HORIZON CORP（FHN）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是CULLEN/FROST BANKERS, INC.的1.5倍（$888.0M vs $580.9M），FIRST HORIZON CORP净利率更高（29.4% vs 28.6%，领先0.8%），FIRST HORIZON CORP同比增速更快（21.8% vs 8.3%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $127.3M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs 7.6%）
Frost Bank是总部位于美国圣安东尼奥的德克萨斯州特许银行，为银行控股公司卡伦/弗罗斯特银行家集团的核心子公司。其在得克萨斯州共设有200家营业网点、1750台自动柜员机，按总资产规模统计位列全美前60大银行之列。
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
CFR vs FHN — 直观对比
营收规模更大
FHN
是对方的1.5倍
$580.9M
营收增速更快
FHN
高出13.5%
8.3%
净利率更高
FHN
高出0.8%
28.6%
自由现金流更多
FHN
多$261.7M
$127.3M
两年增速更快
FHN
近两年复合增速
7.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $580.9M | $888.0M |
| 净利润 | $166.3M | $261.0M |
| 毛利率 | — | — |
| 营业利润率 | 34.1% | 38.5% |
| 净利率 | 28.6% | 29.4% |
| 营收同比 | 8.3% | 21.8% |
| 净利润同比 | 7.4% | 57.2% |
| 每股收益（稀释后） | $2.56 | $0.51 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CFRFHN
| Q4 25 | $580.9M | $888.0M | ||
| Q3 25 | $567.3M | $889.0M | ||
| Q2 25 | $546.9M | $830.0M | ||
| Q1 25 | $540.2M | $812.0M | ||
| Q4 24 | $536.3M | $729.0M | ||
| Q3 24 | $518.0M | $827.0M | ||
| Q2 24 | $507.9M | — | ||
| Q1 24 | $501.4M | $819.0M |
净利润CFRFHN
| Q4 25 | $166.3M | $261.0M | ||
| Q3 25 | $174.4M | $262.0M | ||
| Q2 25 | $157.0M | $241.0M | ||
| Q1 25 | $150.9M | $218.0M | ||
| Q4 24 | $154.9M | $166.0M | ||
| Q3 24 | $146.5M | $218.0M | ||
| Q2 24 | $145.5M | — | ||
| Q1 24 | $135.7M | $192.0M |
营业利润率CFRFHN
| Q4 25 | 34.1% | 38.5% | ||
| Q3 25 | 36.7% | 38.7% | ||
| Q2 25 | 34.1% | 37.2% | ||
| Q1 25 | 33.2% | 35.1% | ||
| Q4 24 | 34.3% | 28.8% | ||
| Q3 24 | 33.8% | 34.0% | ||
| Q2 24 | 34.5% | — | ||
| Q1 24 | 32.2% | 31.0% |
净利率CFRFHN
| Q4 25 | 28.6% | 29.4% | ||
| Q3 25 | 30.7% | 29.5% | ||
| Q2 25 | 28.7% | 29.0% | ||
| Q1 25 | 27.9% | 26.8% | ||
| Q4 24 | 28.9% | 22.8% | ||
| Q3 24 | 28.3% | 26.4% | ||
| Q2 24 | 28.6% | — | ||
| Q1 24 | 27.1% | 23.4% |
每股收益（稀释后）CFRFHN
| Q4 25 | $2.56 | $0.51 | ||
| Q3 25 | $2.67 | $0.50 | ||
| Q2 25 | $2.39 | $0.45 | ||
| Q1 25 | $2.30 | $0.41 | ||
| Q4 24 | $2.36 | $0.29 | ||
| Q3 24 | $2.24 | $0.40 | ||
| Q2 24 | $2.21 | — | ||
| Q1 24 | $2.06 | $0.33 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.6B | $8.8B |
| 总资产 | $53.0B | $83.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
股东权益CFRFHN
| Q4 25 | $4.6B | $8.8B | ||
| Q3 25 | $4.5B | $8.9B | ||
| Q2 25 | $4.2B | $9.0B | ||
| Q1 25 | $4.1B | $8.7B | ||
| Q4 24 | $3.9B | $8.8B | ||
| Q3 24 | $4.1B | $9.0B | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.6B | $8.9B |
总资产CFRFHN
| Q4 25 | $53.0B | $83.9B | ||
| Q3 25 | $52.5B | $83.2B | ||
| Q2 25 | $51.4B | $82.1B | ||
| Q1 25 | $52.0B | $81.5B | ||
| Q4 24 | $52.5B | $82.2B | ||
| Q3 24 | $51.0B | $82.6B | ||
| Q2 24 | $48.8B | — | ||
| Q1 24 | $49.5B | $81.8B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $274.0M | $396.0M |
| 自由现金流经营现金流 - 资本支出 | $127.3M | $389.0M |
| 自由现金流率自由现金流/营收 | 21.9% | 43.8% |
| 资本支出强度资本支出/营收 | 25.2% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.65× | 1.52× |
| 过去12个月自由现金流最近4个季度 | $116.4M | $595.0M |
8季度趋势，按日历期对齐
经营现金流CFRFHN
| Q4 25 | $274.0M | $396.0M | ||
| Q3 25 | $248.6M | $-200.0M | ||
| Q2 25 | $140.8M | $83.0M | ||
| Q1 25 | $-296.1M | $349.0M | ||
| Q4 24 | $989.5M | $191.0M | ||
| Q3 24 | $307.2M | $389.0M | ||
| Q2 24 | $129.6M | — | ||
| Q1 24 | $488.4M | $838.0M |
自由现金流CFRFHN
| Q4 25 | $127.3M | $389.0M | ||
| Q3 25 | $211.7M | $-208.0M | ||
| Q2 25 | $114.5M | $74.0M | ||
| Q1 25 | $-337.1M | $340.0M | ||
| Q4 24 | $861.8M | $174.0M | ||
| Q3 24 | $281.9M | $383.0M | ||
| Q2 24 | $103.0M | — | ||
| Q1 24 | $450.3M | $828.0M |
自由现金流率CFRFHN
| Q4 25 | 21.9% | 43.8% | ||
| Q3 25 | 37.3% | -23.4% | ||
| Q2 25 | 20.9% | 8.9% | ||
| Q1 25 | -62.4% | 41.9% | ||
| Q4 24 | 160.7% | 23.9% | ||
| Q3 24 | 54.4% | 46.3% | ||
| Q2 24 | 20.3% | — | ||
| Q1 24 | 89.8% | 101.1% |
资本支出强度CFRFHN
| Q4 25 | 25.2% | 0.8% | ||
| Q3 25 | 6.5% | 0.9% | ||
| Q2 25 | 4.8% | 1.1% | ||
| Q1 25 | 7.6% | 1.1% | ||
| Q4 24 | 23.8% | 2.3% | ||
| Q3 24 | 4.9% | 0.7% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 7.6% | 1.2% |
现金转化率CFRFHN
| Q4 25 | 1.65× | 1.52× | ||
| Q3 25 | 1.43× | -0.76× | ||
| Q2 25 | 0.90× | 0.34× | ||
| Q1 25 | -1.96× | 1.60× | ||
| Q4 24 | 6.39× | 1.15× | ||
| Q3 24 | 2.10× | 1.78× | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 3.60× | 4.36× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CFR
暂无分部数据
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
