Banc of California, Inc. (BANC) vs Columbia Financial (CLBK)

Banc of California, Inc. and Columbia Financial are both Banks Regional companies. Banc of California, Inc. and Columbia Financial are of similar size ($3.0B and $2.8B). Banc of California, Inc. has negative trailing earnings, so its P/E is not meaningful; Columbia Financial trades at 45.3×. Columbia Financial grew revenue faster over the last twelve months: 12.0% against −12.9%. Columbia Financial has the higher net margin (10.9% vs −4.01%) and the higher return on invested capital (2.24% vs −2.54%). Across the 18 metrics below, Banc of California, Inc. leads on 10 and Columbia Financial on 8.

Valuation

Metric BANC CLBK Banks Regional median
P/E n/m 45.32 12.15
P/S 1.81 4.92 2.37
P/B 0.96 2.15 1.21
Price to free cash flow 7.71 39.26 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.36 6.80 2.27
Earnings yield (2.22%) 2.21% 8.11%
Free cash flow yield 12.96% 2.55% 8.98%

Profitability

Metric BANC CLBK Banks Regional median
Gross margin 57.08% 52.06% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (4.01%) 10.91% 18.66%
Free cash flow margin 23.51% 12.53% 21.18%
Return on equity (2.13%) 4.92% 10.64%
Return on assets (0.18%) 0.52% 1.13%
Return on invested capital (2.54%) 2.24% 8.33%

Growth

Metric BANC CLBK Banks Regional median
Revenue growth (TTM) (12.92%) 12.04% 6.61%
EPS growth (last fiscal year) 125.00% 563.60% —
Revenue growth, 5-year CAGR 42.51% 9.21% 12.30%
Net income growth, 5-year CAGR 0.00% (2.11%) 9.71%

Health

Metric BANC CLBK Banks Regional median
Debt to equity 0.17 1.06 0.22
Current ratio 0.89 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BANC CLBK Banks Regional median
Dividend yield 3.15% — 3.75%
Payout ratio 0.23 0.00 0.27

Size

Metric BANC CLBK Banks Regional median
Market cap 2.81b 3.04b 921.07m

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