BankUnited, Inc. (BKU) vs First Hawaiian, Inc. (FHB)

BankUnited, Inc. and First Hawaiian, Inc. are both Banks Regional companies. BankUnited, Inc. and First Hawaiian, Inc. are of similar size ($3.1B and $3.1B). First Hawaiian, Inc. trades at the lower P/E: 10.9× against 11.9×. First Hawaiian, Inc. grew revenue faster over the last twelve months: 1.57% against −5.24%. First Hawaiian, Inc. has the higher net margin (24.4% vs 14.5%) and the higher return on invested capital (12.8% vs 5.33%). Both pay a dividend; First Hawaiian, Inc. yields more (5.03% vs 4.33%). Across the 20 metrics below, First Hawaiian, Inc. leads on 14 and BankUnited, Inc. on 6.

Valuation

Metric BKU FHB Banks Regional median
P/E 11.89 10.93 12.15
P/S 1.68 2.63 2.37
P/B 1.04 1.09 1.21
Price to free cash flow 5.62 9.83 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.36 2.19 2.27
Earnings yield 8.41% 9.15% 8.11%
Free cash flow yield 17.80% 10.18% 8.98%

Profitability

Metric BKU FHB Banks Regional median
Gross margin 60.54% 77.44% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 14.45% 24.41% 18.66%
Free cash flow margin 20.05% 26.79% 21.18%
Return on equity 8.99% 10.32% 10.64%
Return on assets 0.76% 1.20% 1.13%
Return on invested capital 5.33% 12.82% 8.33%

Growth

Metric BKU FHB Banks Regional median
Revenue growth (TTM) (5.24%) 1.57% 6.61%
EPS growth (last fiscal year) 14.61% 22.91% —
Revenue growth, 5-year CAGR 9.59% 8.41% 12.30%
Net income growth, 5-year CAGR 6.81% 8.26% 9.71%

Health

Metric BKU FHB Banks Regional median
Debt to equity 0.54 0.00 0.22
Current ratio 0.82 0.77 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BKU FHB Banks Regional median
Dividend yield 4.33% 5.03% 3.75%
Payout ratio 0.30 0.48 0.27

Size

Metric BKU FHB Banks Regional median
Market cap 3.09b 3.06b 921.07m

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