Amalgamated Financial Corp. (AMAL) vs First Mid Bancshares, Inc. (FMBH)

Amalgamated Financial Corp. and First Mid Bancshares, Inc. are both Banks Regional companies. Amalgamated Financial Corp. and First Mid Bancshares, Inc. are of similar size ($1.4B and $1.3B). First Mid Bancshares, Inc. trades at the lower P/E: 12.3× against 12.4×. Amalgamated Financial Corp. grew revenue faster over the last twelve months: 10.9% against 10.4%. Amalgamated Financial Corp. has the higher net margin (23.3% vs 19.8%) and the higher return on invested capital (13.9% vs 9.74%). Both pay a dividend; First Mid Bancshares, Inc. yields more (2.03% vs 1.38%). Across the 19 metrics below, First Mid Bancshares, Inc. leads on 10 and Amalgamated Financial Corp. on 9.

Valuation

Metric AMAL FMBH Banks Regional median
P/E 12.44 12.31 11.98
P/S 2.90 2.59 2.34
P/B 1.69 1.19 1.19
Price to free cash flow 9.60 10.37 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.04% 8.12% 8.23%
Free cash flow yield 10.41% 9.64% 9.08%

Profitability

Metric AMAL FMBH Banks Regional median
Gross margin 74.61% 75.52% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 23.34% 19.76% 18.66%
Free cash flow margin 30.17% 25.00% 21.11%
Return on equity 14.28% 10.05% 10.65%
Return on assets 1.26% 1.19% 1.13%
Return on invested capital 13.89% 9.74% 8.35%

Growth

Metric AMAL FMBH Banks Regional median
Revenue growth (TTM) 10.87% 10.35% 6.98%
EPS growth (last fiscal year) (0.87%) 16.06% 18.88%
Revenue growth, 5-year CAGR 14.42% 18.01% 12.38%
Net income growth, 5-year CAGR 17.73% 15.17% 9.71%

Health

Metric AMAL FMBH Banks Regional median
Debt to equity 0.08 0.03 0.22
Current ratio 0.64 0.95 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric AMAL FMBH Banks Regional median
Dividend yield 1.38% 2.03% 2.57%
Payout ratio 0.17 0.25 0.30

Size

Metric AMAL FMBH Banks Regional median
Market cap 1.41b 1.31b 913.33m

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