Array formula in B26:

=INDEX(tbl_1, MIN(IF((COUNTIF(tbl_2, tbl_1)>0)*ISTEXT(tbl_1)*NOT(COUNTIF($B$25:B25, tbl_1)), ROW(tbl_1)-MIN(ROW(tbl_1))+1)), MATCH(0, ISNONTEXT(INDEX(tbl_1, MIN(IF((COUNTIF(tbl_2, tbl_1)>0)*ISTEXT(tbl_1)*NOT(COUNTIF($B$25:B25, tbl_1)), ROW(tbl_1)-MIN(ROW(tbl_1))+1)), , 1))+COUNTIF($B$25:B25, INDEX(tbl_1, MIN(IF((COUNTIF(tbl_2, tbl_1)>0)*ISTEXT(tbl_1)*NOT(COUNTIF($B$25:B25, tbl_1)), ROW(tbl_1)-MIN(ROW(tbl_1))+1)), , 1))+(COUNTIF(tbl_2, INDEX(tbl_1, MIN(IF((COUNTIF(tbl_2, tbl_1)>0)*ISTEXT(tbl_1)*NOT(COUNTIF($B$25:B25, tbl_1)), ROW(tbl_1)-MIN(ROW(tbl_1))+1)), , 1))=0), 0)) + CTRL + SHIFT + ENTER copied down as far as necessary.

Named ranges

tbl_1 (B5:F11)
tbl_2 (B15:F23)
What is named ranges?

How to implement array formula to your workbook

Change the named ranges. If your list starts at, for example, F3. Change $B$25:B25 to F2:$F$2, in the above formula.

Download excel sample file for this tutorial.

Filter common text values in range tbl_1 and in range tbl_2.xls
(Excel 97-2003 Workbook *.xls)

Functions in this article:

COUNTIF(range,criteria)
Counts the number of cells within a range that meet the given condition

IF(logical_test;[value_if:true];[value_if_false])
Checks whether a condition is met, and returns one value if TRUE, and another value if FALSE

MATCH(lookup_value;lookup_array; [match_type]
Returns the relative position of an item in an array that matches a specified value

INDEX(array,row_num,[column_num])
Returns a value or reference of the cell at the intersection of a particular row and column, in a given range

MAX(number1,[number2],)
Returns the largest value in a set of values. Ignores logical values and text.

ROW(reference) returns the rownumber of a reference

ISTEXT(value)
Checks whether a value is text, and returns TRUE or FALSE

ISNONTEXT(value)
Checks whether a value is nontext (blank cells are not text) and returns True or False

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