Bank First National Corporation (BFC) vs S&T Bancorp, Inc. (STBA)

Bank First National Corporation and S&T Bancorp, Inc. are both Banks Regional companies. Bank First National Corporation and S&T Bancorp, Inc. are of similar size ($1.8B and $1.7B). S&T Bancorp, Inc. trades at the lower P/E: 13.1× against 19.8×. Bank First National Corporation grew revenue faster over the last twelve months: 22.8% against 2.45%. Bank First National Corporation has the higher net margin (27.6% vs 24.5%) and the higher return on invested capital (10.9% vs 8.71%). Both pay a dividend; S&T Bancorp, Inc. yields more (4.12% vs 1.71%). Across the 20 metrics below, S&T Bancorp, Inc. leads on 11 and Bank First National Corporation on 9.

Valuation

Metric BFC STBA Banks Regional median
P/E 19.78 13.15 12.15
P/S 5.77 3.10 2.37
P/B 2.06 1.27 1.21
Price to free cash flow 39.59 12.44 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.95 2.85 2.27
Earnings yield 5.05% 7.61% 8.11%
Free cash flow yield 2.53% 8.04% 8.98%

Profitability

Metric BFC STBA Banks Regional median
Gross margin 74.46% 72.44% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 27.57% 24.51% 18.66%
Free cash flow margin 14.58% 24.94% 21.18%
Return on equity 11.27% 9.87% 10.64%
Return on assets 1.56% 1.42% 1.13%
Return on invested capital 10.90% 8.71% 8.33%

Growth

Metric BFC STBA Banks Regional median
Revenue growth (TTM) 22.80% 2.45% 6.61%
EPS growth (last fiscal year) 11.23% 2.35% —
Revenue growth, 5-year CAGR 15.32% 8.38% 12.30%
Net income growth, 5-year CAGR 13.51% 44.96% 9.71%

Health

Metric BFC STBA Banks Regional median
Debt to equity 0.03 0.05 0.22
Current ratio 0.93 0.99 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BFC STBA Banks Regional median
Dividend yield 1.71% 4.12% 3.75%
Payout ratio 0.20 0.32 0.27

Size

Metric BFC STBA Banks Regional median
Market cap 1.67b 1.75b 921.07m

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