California BanCorp (BCAL) vs Third Coast Bancshares, Inc. (TCBX)

California BanCorp and Third Coast Bancshares, Inc. are both Banks Regional companies. California BanCorp and Third Coast Bancshares, Inc. are of similar size ($713.0M and $694.1M). Third Coast Bancshares, Inc. trades at the lower P/E: 9.2× against 11.6×. Third Coast Bancshares, Inc. grew revenue faster over the last twelve months: 16.9% against −2.30%. California BanCorp has the higher net margin (26.0% vs 17.1%) and the lower return on invested capital (16.2% vs 21.9%). Across the 18 metrics below, California BanCorp leads on 10 and Third Coast Bancshares, Inc. on 8.

Valuation

Metric BCAL TCBX Banks Regional median
P/E 11.63 9.18 12.15
P/S 3.01 1.76 2.37
P/B 1.19 1.07 1.21
Price to free cash flow 11.74 45.46 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.86 1.09 2.27
Earnings yield 8.60% 10.89% 8.11%
Free cash flow yield 8.52% 2.20% 8.98%

Profitability

Metric BCAL TCBX Banks Regional median
Gross margin 77.87% 58.05% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 26.01% 17.07% 18.66%
Free cash flow margin 25.61% 3.87% 21.18%
Return on equity 10.61% 11.92% 10.64%
Return on assets 1.51% 1.19% 1.13%
Return on invested capital 16.15% 21.87% 8.33%

Growth

Metric BCAL TCBX Banks Regional median
Revenue growth (TTM) (2.30%) 16.85% 6.61%
EPS growth (last fiscal year) 777.27% 36.33% —
Revenue growth, 5-year CAGR 37.44% 34.06% 12.30%
Net income growth, 5-year CAGR 67.92% 38.41% 9.71%

Health

Metric BCAL TCBX Banks Regional median
Debt to equity 0.00 0.00 0.22
Current ratio 0.99 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BCAL TCBX Banks Regional median
Dividend yield — — 3.75%
Payout ratio — 0.00 0.27

Size

Metric BCAL TCBX Banks Regional median
Market cap 694.13m 713.00m 921.07m

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