Avidia Bancorp, Inc. (AVBC) vs Bank of Marin Bancorp (BMRC)

Avidia Bancorp, Inc. and Bank of Marin Bancorp are both Banks Regional companies. Avidia Bancorp, Inc. and Bank of Marin Bancorp are of similar size ($449.9M and $433.2M). Bank of Marin Bancorp has negative trailing earnings, so its P/E is not meaningful; Avidia Bancorp, Inc. trades at 22.8×. Avidia Bancorp, Inc. grew revenue faster over the last twelve months: 7.16% against −20.5%. Avidia Bancorp, Inc. has the higher net margin (11.5% vs −13.1%) and the higher return on invested capital (2.89% vs −9.12%). Across the 15 metrics below, Avidia Bancorp, Inc. leads on 12 and Bank of Marin Bancorp on 3.

Valuation

Metric AVBC BMRC Banks Regional median
P/E 22.82 n/m 12.15
P/S 2.64 4.08 2.37
P/B 1.03 1.12 1.21
Price to free cash flow 8.38 11.62 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.41 1.92 2.27
Earnings yield 4.38% (3.26%) 8.11%
Free cash flow yield 11.94% 8.61% 8.98%

Profitability

Metric AVBC BMRC Banks Regional median
Gross margin 73.91% 56.00% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 11.52% (13.07%) 18.66%
Free cash flow margin 31.47% 35.12% 21.18%
Return on equity 6.06% (3.41%) 10.64%
Return on assets 0.61% (0.38%) 1.13%
Return on invested capital 2.89% (9.12%) 8.33%

Growth

Metric AVBC BMRC Banks Regional median
Revenue growth (TTM) 7.16% (20.46%) 6.61%
EPS growth (last fiscal year) — (330.77%) —
Revenue growth, 5-year CAGR — (6.87%) 12.30%
Net income growth, 5-year CAGR — 0.00% 9.71%

Health

Metric AVBC BMRC Banks Regional median
Debt to equity 0.48 0.11 0.22
Current ratio 1.05 0.72 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric AVBC BMRC Banks Regional median
Dividend yield — 5.81% 3.75%
Payout ratio — 0.41 0.27

Size

Metric AVBC BMRC Banks Regional median
Market cap 433.16m 449.88m 921.07m

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