Avidbank Holdings Inc. (AVBH) vs Norwood Financial Corp. (NWFL)

Avidbank Holdings Inc. and Norwood Financial Corp. are both Banks Regional companies. Avidbank Holdings Inc. and Norwood Financial Corp. are of similar size ($391.5M and $375.0M). Avidbank Holdings Inc. has negative trailing earnings, so its P/E is not meaningful; Norwood Financial Corp. trades at 12.4×. Norwood Financial Corp. grew revenue faster over the last twelve months: 42.3% against −32.7%. Norwood Financial Corp. has the higher net margin (18.7% vs −14.1%) and the higher return on invested capital (9.03% vs −7.91%). Across the 17 metrics below, Norwood Financial Corp. leads on 10 and Avidbank Holdings Inc. on 7.

Valuation

Metric AVBH NWFL Banks Regional median
P/E n/m 12.40 12.02
P/S 3.64 2.52 2.36
P/B 1.23 1.35 1.23
Price to free cash flow 6.95 13.01 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (5.51%) 8.06% 8.21%
Free cash flow yield 14.40% 7.69% 9.23%

Profitability

Metric AVBH NWFL Banks Regional median
Gross margin 46.29% 66.77% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin (14.12%) 18.68% 18.82%
Free cash flow margin 52.44% 19.41% 17.97%
Return on equity (5.64%) 11.20% 10.28%
Return on assets (0.56%) 1.09% 1.13%
Return on invested capital (7.91%) 9.03% 8.45%

Growth

Metric AVBH NWFL Banks Regional median
Revenue growth (TTM) (32.72%) 42.25% 6.37%
EPS growth (last fiscal year) (181.52%) 15,150.00% 18.85%
Revenue growth, 5-year CAGR 36.67% 15.50% 12.65%
Net income growth, 5-year CAGR 0.00% 12.98% 9.81%

Health

Metric AVBH NWFL Banks Regional median
Debt to equity 0.07 0.23 0.17
Current ratio 1.03 0.91 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric AVBH NWFL Banks Regional median
Dividend yield — 3.56% 2.49%
Payout ratio — 0.44 0.29

Size

Metric AVBH NWFL Banks Regional median
Market cap 374.96m 391.51m 934.85m

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