Banc of California, Inc. (BANC) vs Bank of Hawaii Corporation (BOH)

Banc of California, Inc. and Bank of Hawaii Corporation are both Banks Regional companies. Banc of California, Inc. and Bank of Hawaii Corporation are of similar size ($2.8B and $2.8B). Banc of California, Inc. has negative trailing earnings, so its P/E is not meaningful; Bank of Hawaii Corporation trades at 13.3×. Bank of Hawaii Corporation grew revenue faster over the last twelve months: 2.71% against −12.9%. Bank of Hawaii Corporation has the higher net margin (19.9% vs −4.01%) and the higher return on invested capital (9.78% vs −2.54%). Both pay a dividend; Bank of Hawaii Corporation yields more (4.59% vs 3.15%). Across the 19 metrics below, Banc of California, Inc. leads on 10 and Bank of Hawaii Corporation on 9.

Valuation

Metric BANC BOH Banks Regional median
P/E n/m 13.26 12.15
P/S 1.81 2.63 2.37
P/B 0.96 1.85 1.21
Price to free cash flow 7.71 13.86 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.36 2.68 2.27
Earnings yield (2.22%) 7.54% 8.11%
Free cash flow yield 12.96% 7.22% 8.98%

Profitability

Metric BANC BOH Banks Regional median
Gross margin 57.08% 70.63% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (4.01%) 19.89% 18.66%
Free cash flow margin 23.51% 18.97% 21.18%
Return on equity (2.13%) 14.64% 10.64%
Return on assets (0.18%) 0.90% 1.13%
Return on invested capital (2.54%) 9.78% 8.33%

Growth

Metric BANC BOH Banks Regional median
Revenue growth (TTM) (12.92%) 2.71% 6.61%
EPS growth (last fiscal year) 125.00% 33.82% —
Revenue growth, 5-year CAGR 42.51% 7.86% 12.30%
Net income growth, 5-year CAGR 0.00% 3.74% 9.71%

Health

Metric BANC BOH Banks Regional median
Debt to equity 0.17 0.27 0.22
Current ratio 0.89 0.70 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BANC BOH Banks Regional median
Dividend yield 3.15% 4.59% 3.75%
Payout ratio 0.23 0.56 0.27

Size

Metric BANC BOH Banks Regional median
Market cap 2.81b 2.81b 921.07m

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