Banner Corporation (BANR) vs Customers Bancorp, Inc (CUBI)

Banner Corporation and Customers Bancorp, Inc are both Banks Regional companies. Banner Corporation and Customers Bancorp, Inc are of similar size ($2.6B and $2.5B). Customers Bancorp, Inc trades at the lower P/E: 9.1× against 11.3×. Customers Bancorp, Inc grew revenue faster over the last twelve months: 16.0% against 2.71%. Banner Corporation has the higher net margin (23.6% vs 18.6%) and the lower return on invested capital (7.66% vs 91.5%). Across the 19 metrics below, Customers Bancorp, Inc leads on 13 and Banner Corporation on 6.

Valuation

Metric BANR CUBI Banks Regional median
P/E 11.32 9.08 12.15
P/S 2.65 1.70 2.37
P/B 1.17 1.18 1.21
Price to free cash flow 8.00 7.10 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.74 0.43 2.27
Earnings yield 8.84% 11.02% 8.11%
Free cash flow yield 12.50% 14.08% 8.98%

Profitability

Metric BANR CUBI Banks Regional median
Gross margin 76.83% 60.32% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 23.55% 18.64% 18.66%
Free cash flow margin 33.17% 23.99% 21.18%
Return on equity 10.78% 14.30% 10.64%
Return on assets 1.26% 1.16% 1.13%
Return on invested capital 7.66% 91.51% 8.33%

Growth

Metric BANR CUBI Banks Regional median
Revenue growth (TTM) 2.71% 15.97% 6.61%
EPS growth (last fiscal year) 15.57% 22.99% —
Revenue growth, 5-year CAGR 7.28% 18.65% 12.30%
Net income growth, 5-year CAGR 11.00% 12.03% 9.71%

Health

Metric BANR CUBI Banks Regional median
Debt to equity 0.26 1.01 0.22
Current ratio 0.88 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BANR CUBI Banks Regional median
Dividend yield 4.38% — 3.75%
Payout ratio 0.32 0.00 0.27

Size

Metric BANR CUBI Banks Regional median
Market cap 2.52b 2.60b 921.07m

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