Banc of California, Inc. (BANC) vs Provident Financial Services, Inc (PFS)

Banc of California, Inc. and Provident Financial Services, Inc are both Banks Regional companies. Banc of California, Inc. and Provident Financial Services, Inc are of similar size ($3.0B and $2.8B). Banc of California, Inc. has negative trailing earnings, so its P/E is not meaningful; Provident Financial Services, Inc trades at 9.5×. Provident Financial Services, Inc grew revenue faster over the last twelve months: 3.72% against −12.9%. Provident Financial Services, Inc has the higher net margin (22.2% vs −4.01%) and the higher return on invested capital (4.85% vs −2.54%). Both pay a dividend; Provident Financial Services, Inc yields more (6.41% vs 3.15%). Across the 19 metrics below, Provident Financial Services, Inc leads on 11 and Banc of California, Inc. on 8.

Valuation

Metric BANC PFS Banks Regional median
P/E n/m 9.52 12.15
P/S 1.81 2.11 2.37
P/B 0.96 1.02 1.21
Price to free cash flow 7.71 8.43 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.36 3.98 2.27
Earnings yield (2.22%) 10.51% 8.11%
Free cash flow yield 12.96% 11.86% 8.98%

Profitability

Metric BANC PFS Banks Regional median
Gross margin 57.08% 64.26% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (4.01%) 22.15% 18.66%
Free cash flow margin 23.51% 25.01% 21.18%
Return on equity (2.13%) 11.14% 10.64%
Return on assets (0.18%) 1.25% 1.13%
Return on invested capital (2.54%) 4.85% 8.33%

Growth

Metric BANC PFS Banks Regional median
Revenue growth (TTM) (12.92%) 3.72% 6.61%
EPS growth (last fiscal year) 125.00% 112.38% —
Revenue growth, 5-year CAGR 42.51% 25.98% 12.30%
Net income growth, 5-year CAGR 0.00% 24.60% 9.71%

Health

Metric BANC PFS Banks Regional median
Debt to equity 0.17 0.99 0.22
Current ratio 0.89 1.03 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BANC PFS Banks Regional median
Dividend yield 3.15% 6.41% 3.75%
Payout ratio 0.23 0.43 0.27

Size

Metric BANC PFS Banks Regional median
Market cap 2.81b 2.96b 921.07m

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