Amerant Bancorp Inc. (AMTB) vs Old Second Bancorp, Inc. (OSBC)

Amerant Bancorp Inc. and Old Second Bancorp, Inc. are both Banks Regional companies. Amerant Bancorp Inc. and Old Second Bancorp, Inc. are of similar size ($1.3B and $1.2B). Old Second Bancorp, Inc. trades at the lower P/E: 14.0× against 21.1×. Old Second Bancorp, Inc. grew revenue faster over the last twelve months: 33.1% against 4.23%. Old Second Bancorp, Inc. has the higher net margin (20.2% vs 8.76%) and the higher return on invested capital (9.36% vs 3.15%). Both pay a dividend; Amerant Bancorp Inc. yields more (1.62% vs 1.60%). Across the 20 metrics below, Old Second Bancorp, Inc. leads on 13 and Amerant Bancorp Inc. on 7.

Valuation

Metric AMTB OSBC Banks Regional median
P/E 21.14 14.02 12.15
P/S 1.81 2.80 2.37
P/B 1.27 1.42 1.21
Price to free cash flow 9.81 10.10 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.58 2.64 2.27
Earnings yield 4.73% 7.13% 8.11%
Free cash flow yield 10.19% 9.91% 8.98%

Profitability

Metric AMTB OSBC Banks Regional median
Gross margin 65.59% 83.46% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 8.76% 20.22% 18.66%
Free cash flow margin 18.43% 27.71% 21.18%
Return on equity 6.13% 11.40% 10.64%
Return on assets 0.55% 1.47% 1.13%
Return on invested capital 3.15% 9.36% 8.33%

Growth

Metric AMTB OSBC Banks Regional median
Revenue growth (TTM) 4.23% 33.08% 6.61%
EPS growth (last fiscal year) 386.36% (13.37%) —
Revenue growth, 5-year CAGR 15.14% 23.16% 12.30%
Net income growth, 5-year CAGR 0.00% 23.61% 9.71%

Health

Metric AMTB OSBC Banks Regional median
Debt to equity 0.87 0.08 0.22
Current ratio 0.86 0.91 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric AMTB OSBC Banks Regional median
Dividend yield 1.62% 1.60% 3.75%
Payout ratio 0.18 0.10 0.27

Size

Metric AMTB OSBC Banks Regional median
Market cap 1.15b 1.26b 921.07m

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