AXOS FINANCIAL, INC (AX) vs Eastern Bankshares, Inc. (EBC)

AXOS FINANCIAL, INC and Eastern Bankshares, Inc. are both Banks Regional companies. AXOS FINANCIAL, INC and Eastern Bankshares, Inc. are of similar size ($5.0B and $4.9B). AXOS FINANCIAL, INC trades at the lower P/E: 10.3× against 12.2×. Eastern Bankshares, Inc. grew revenue faster over the last twelve months: 56.0% against 12.5%. Eastern Bankshares, Inc. has the higher net margin (25.1% vs 22.4%) and the lower return on invested capital (5.72% vs 14.0%). Across the 19 metrics below, AXOS FINANCIAL, INC leads on 10 and Eastern Bankshares, Inc. on 9.

Valuation

Metric AX EBC Banks Regional median
P/E 10.26 12.19 12.15
P/S 2.30 3.13 2.37
P/B 1.59 1.09 1.21
Price to free cash flow 17.29 12.15 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.21 3.20 2.27
Earnings yield 9.74% 8.20% 8.11%
Free cash flow yield 5.78% 8.23% 8.98%

Profitability

Metric AX EBC Banks Regional median
Gross margin 67.59% 74.99% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.39% 25.12% 18.66%
Free cash flow margin 13.29% 25.74% 21.18%
Return on equity 16.77% 9.44% 10.64%
Return on assets 1.79% 1.33% 1.13%
Return on invested capital 13.97% 5.72% 8.33%

Growth

Metric AX EBC Banks Regional median
Revenue growth (TTM) 12.54% 56.04% 6.61%
EPS growth (last fiscal year) 14.13% (34.85%) —
Revenue growth, 5-year CAGR 24.82% 12.33% 12.30%
Net income growth, 5-year CAGR 17.87% 31.15% 9.71%

Health

Metric AX EBC Banks Regional median
Debt to equity 0.35 0.09 0.22
Current ratio 1.08 0.90 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric AX EBC Banks Regional median
Dividend yield — 3.27% 3.75%
Payout ratio 0.00 0.33 0.27

Size

Metric AX EBC Banks Regional median
Market cap 5.03b 4.87b 921.07m

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