Bar Harbor Bankshares, Inc. (BHB) vs Carter Bankshares, Inc. (CARE)

Bar Harbor Bankshares, Inc. and Carter Bankshares, Inc. are both Banks Regional companies. Bar Harbor Bankshares, Inc. and Carter Bankshares, Inc. are of similar size ($666.5M and $666.1M). Carter Bankshares, Inc. trades at the lower P/E: 5.2× against 13.1×. Carter Bankshares, Inc. grew revenue faster over the last twelve months: 40.1% against 18.9%. Carter Bankshares, Inc. has the higher net margin (36.6% vs 18.5%) and the higher return on invested capital (39.4% vs 5.35%). Both pay a dividend; Bar Harbor Bankshares, Inc. yields more (4.60% vs 2.58%). Across the 20 metrics below, Carter Bankshares, Inc. leads on 15 and Bar Harbor Bankshares, Inc. on 5.

Valuation

Metric BHB CARE Banks Regional median
P/E 13.12 5.22 12.15
P/S 2.44 1.89 2.37
P/B 1.19 1.23 1.21
Price to free cash flow 11.33 11.27 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.10 1.61 2.27
Earnings yield 7.62% 19.17% 8.11%
Free cash flow yield 8.82% 8.88% 8.98%

Profitability

Metric BHB CARE Banks Regional median
Gross margin 72.30% 72.83% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 18.46% 36.60% 18.66%
Free cash flow margin 21.53% 16.81% 21.18%
Return on equity 9.70% 27.08% 10.64%
Return on assets 1.12% 2.67% 1.13%
Return on invested capital 5.35% 39.39% 8.33%

Growth

Metric BHB CARE Banks Regional median
Revenue growth (TTM) 18.94% 40.09% 6.61%
EPS growth (last fiscal year) (18.66%) 30.19% —
Revenue growth, 5-year CAGR 7.61% 8.73% 12.30%
Net income growth, 5-year CAGR 2.12% 0.00% 9.71%

Health

Metric BHB CARE Banks Regional median
Debt to equity 0.51 0.00 0.22
Current ratio 0.96 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BHB CARE Banks Regional median
Dividend yield 4.60% 2.58% 3.75%
Payout ratio 0.34 0.00 0.27

Size

Metric BHB CARE Banks Regional median
Market cap 666.12m 666.47m 921.07m

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