TCBI vs CFR vs BOKF vs IBOC

For growth investors, Texas Capital Bancshares, Inc.

(TCBI) is the stronger pick with 13. 5% revenue growth year-over-year, versus 1. 0% for International Bancshares Corporation (IBOC). International Bancshares Corporation (IBOC) offers the better valuation at 11. 1x trailing P/E (10. 9x forward), making it the more compelling value choice. Analysts rate International Bancshares Corporation (IBOC) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, International Bancshares Corporation (IBOC) is the cheapest at 11.

1x versus BOK Financial Corporation at 16. 3x. On forward P/E, International Bancshares Corporation is actually cheaper at 10. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Texas Capital Bancshares, Inc. wins at 0. 30x versus BOK Financial Corporation's 4. 33x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, International Bancshares Corporation (IBOC) delivered a total return of +62.

7%, compared to +28. 9% for Cullen/Frost Bankers, Inc. (CFR). Over 10 years, the gap is even starker: IBOC returned +229. 3% versus TCBI's +136. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Cullen/Frost Bankers, Inc.

(CFR) is the lower-risk stock at 0. 78β versus Texas Capital Bancshares, Inc. 's 1. 20β — meaning TCBI is approximately 52% more volatile than CFR relative to the S&P 500. On balance sheet safety, International Bancshares Corporation (IBOC) carries a lower debt/equity ratio of 22% versus 104% for Cullen/Frost Bankers, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Texas Capital Bancshares, Inc.

(TCBI) is pulling ahead at 13. 5% versus 1. 0% for International Bancshares Corporation (IBOC). On earnings-per-share growth, the picture is similar: Texas Capital Bancshares, Inc. grew EPS 431. 3% year-over-year, compared to 0. 8% for International Bancshares Corporation. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

International Bancshares Corporation (IBOC) is the more profitable company, earning 39.

1% net margin versus 15. 6% for BOK Financial Corporation — meaning it keeps 39. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IBOC leads at 49. 4% versus 19. 8% for BOKF. At the gross margin level — before operating expenses — IBOC leads at 78. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Texas Capital Bancshares, Inc. (TCBI) is the more undervalued stock at a PEG of 0. 30x versus BOK Financial Corporation's 4. 33x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, International Bancshares Corporation (IBOC) trades at 10. 9x forward P/E versus 13. 2x for Cullen/Frost Bankers, Inc. — 2. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IBOC: 16. 0% to $85. 00.

All stocks in this comparison pay dividends.

Cullen/Frost Bankers, Inc. (CFR) offers the highest yield at 2. 9%, versus 0. 4% for Texas Capital Bancshares, Inc. (TCBI).

For long-horizon retirement investors, International Bancshares Corporation (IBOC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

81), 1. 9% yield, +229. 3% 10Y return). Both have compounded well over 10 years (IBOC: +229. 3%, TCBI: +136. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

CFR, BOKF, IBOC pay a dividend while TCBI does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.