Bank First National Corporation (BFC) vs OceanFirst Financial Corp. (OCFC)

Bank First National Corporation and OceanFirst Financial Corp. are both Banks Regional companies. Bank First National Corporation and OceanFirst Financial Corp. are of similar size ($1.7B and $1.7B). Bank First National Corporation trades at the lower P/E: 19.8× against 20.1×. Bank First National Corporation grew revenue faster over the last twelve months: 22.8% against 10.5%. Bank First National Corporation has the higher net margin (27.6% vs 6.38%) and the higher return on invested capital (10.9% vs 1.77%). Both pay a dividend; OceanFirst Financial Corp. yields more (5.30% vs 1.71%). Across the 20 metrics below, Bank First National Corporation leads on 13 and OceanFirst Financial Corp. on 7.

Valuation

Metric BFC OCFC Banks Regional median
P/E 19.78 20.12 12.15
P/S 5.77 1.60 2.37
P/B 2.06 0.50 1.21
Price to free cash flow 39.59 10.56 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.95 4.35 2.27
Earnings yield 5.05% 4.97% 8.11%
Free cash flow yield 2.53% 9.47% 8.98%

Profitability

Metric BFC OCFC Banks Regional median
Gross margin 74.46% 58.89% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 27.57% 6.38% 18.66%
Free cash flow margin 14.58% 15.15% 21.18%
Return on equity 11.27% 2.36% 10.64%
Return on assets 1.56% 0.26% 1.13%
Return on invested capital 10.90% 1.77% 8.33%

Growth

Metric BFC OCFC Banks Regional median
Revenue growth (TTM) 22.80% 10.49% 6.61%
EPS growth (last fiscal year) 11.23% (29.09%) —
Revenue growth, 5-year CAGR 15.32% 8.66% 12.30%
Net income growth, 5-year CAGR 13.51% 1.86% 9.71%

Health

Metric BFC OCFC Banks Regional median
Debt to equity 0.03 0.97 0.22
Current ratio 0.93 0.92 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BFC OCFC Banks Regional median
Dividend yield 1.71% 5.30% 3.75%
Payout ratio 0.20 0.33 0.27

Size

Metric BFC OCFC Banks Regional median
Market cap 1.67b 1.66b 921.07m

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