Business First Bancshares, Inc. (BFST) vs MetroCity Bankshares, Inc. (MCBS)

Business First Bancshares, Inc. and MetroCity Bankshares, Inc. are both Banks Regional companies. Business First Bancshares, Inc. and MetroCity Bankshares, Inc. are of similar size ($1.0B and $997.0M). Business First Bancshares, Inc. trades at the lower P/E: 10.9× against 12.0×. MetroCity Bankshares, Inc. grew revenue faster over the last twelve months: 19.3% against 7.80%. MetroCity Bankshares, Inc. has the higher net margin (28.3% vs 16.3%) and the higher return on invested capital (10.5% vs 8.41%). Both pay a dividend; MetroCity Bankshares, Inc. yields more (3.45% vs 2.72%). Across the 20 metrics below, Business First Bancshares, Inc. leads on 11 and MetroCity Bankshares, Inc. on 9.

Valuation

Metric BFST MCBS Banks Regional median
P/E 10.94 11.98 12.15
P/S 1.87 3.56 2.37
P/B 1.07 1.77 1.21
Price to free cash flow 9.74 12.31 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.62 3.95 2.27
Earnings yield 9.14% 8.35% 8.11%
Free cash flow yield 10.27% 8.13% 8.98%

Profitability

Metric BFST MCBS Banks Regional median
Gross margin 64.32% 64.72% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 16.32% 28.34% 18.66%
Free cash flow margin 19.24% 28.95% 21.18%
Return on equity 10.22% 15.91% 10.64%
Return on assets 1.04% 1.96% 1.13%
Return on invested capital 8.41% 10.53% 8.33%

Growth

Metric BFST MCBS Banks Regional median
Revenue growth (TTM) 7.80% 19.32% 6.61%
EPS growth (last fiscal year) 23.45% 4.76% —
Revenue growth, 5-year CAGR 24.70% 18.60% 12.30%
Net income growth, 5-year CAGR 22.42% 13.49% 9.71%

Health

Metric BFST MCBS Banks Regional median
Debt to equity 0.56 0.66 0.22
Current ratio 1.01 1.21 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BFST MCBS Banks Regional median
Dividend yield 2.72% 3.45% 3.75%
Payout ratio 0.19 0.30 0.27

Size

Metric BFST MCBS Banks Regional median
Market cap 997.00m 1.00b 921.07m

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