Arrow Financial Corporation (AROW) vs Washington Trust Bancorp, Inc. (WASH)

Arrow Financial Corporation and Washington Trust Bancorp, Inc. are both Banks Regional companies. Arrow Financial Corporation and Washington Trust Bancorp, Inc. are of similar size ($707.1M and $681.7M). Arrow Financial Corporation trades at the lower P/E: 11.9× against 12.7×. Washington Trust Bancorp, Inc. grew revenue faster over the last twelve months: 24.9% against 8.43%. Arrow Financial Corporation has the higher net margin (20.6% vs 14.5%) and the higher return on invested capital (14.2% vs 4.90%). Both pay a dividend; Washington Trust Bancorp, Inc. yields more (6.04% vs 3.23%). Across the 19 metrics below, Arrow Financial Corporation leads on 10 and Washington Trust Bancorp, Inc. on 9.

Valuation

Metric AROW WASH Banks Regional median
P/E 11.89 12.74 11.98
P/S 2.43 1.85 2.34
P/B 1.36 1.28 1.19
Price to free cash flow 12.69 7.37 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.41% 7.85% 8.23%
Free cash flow yield 7.88% 13.56% 9.08%

Profitability

Metric AROW WASH Banks Regional median
Gross margin 70.23% 61.25% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.56% 14.50% 18.66%
Free cash flow margin 19.12% 25.09% 21.11%
Return on equity 12.00% 10.25% 10.65%
Return on assets 1.15% 0.83% 1.13%
Return on invested capital 14.20% 4.90% 8.35%

Growth

Metric AROW WASH Banks Regional median
Revenue growth (TTM) 8.43% 24.92% 6.98%
EPS growth (last fiscal year) 49.72% 266.26% 18.88%
Revenue growth, 5-year CAGR 10.91% 7.90% 12.38%
Net income growth, 5-year CAGR 1.49% (5.60%) 9.71%

Health

Metric AROW WASH Banks Regional median
Debt to equity 0.06 0.86 0.22
Current ratio 0.92 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric AROW WASH Banks Regional median
Dividend yield 3.23% 6.04% 2.57%
Payout ratio 0.38 0.78 0.30

Size

Metric AROW WASH Banks Regional median
Market cap 681.67m 707.08m 913.33m

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