Macro Bank Inc. (BMA) vs Texas Capital Bancshares, Inc. (TCBI)

Macro Bank Inc. and Texas Capital Bancshares, Inc. are both Banks Regional companies. Macro Bank Inc. and Texas Capital Bancshares, Inc. are of similar size ($4.5B and $4.1B). Texas Capital Bancshares, Inc. trades at the lower P/E: 12.3× against 15.1×. Macro Bank Inc. grew revenue faster over the last twelve months: 13.9% against 13.5%. Texas Capital Bancshares, Inc. has the higher net margin (17.1% vs 6.18%) and the higher return on invested capital (66.5% vs 8.33%). Across the 19 metrics below, Macro Bank Inc. leads on 10 and Texas Capital Bancshares, Inc. on 9.

Valuation

Metric BMA TCBI Banks Regional median
P/E 15.07 12.32 12.15
P/S 0.91 2.05 2.37
P/B 1.00 1.25 1.21
Price to free cash flow 3.85 7.11 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.48 0.48 2.27
Earnings yield 6.64% 8.12% 8.11%
Free cash flow yield 25.98% 14.07% 8.98%

Profitability

Metric BMA TCBI Banks Regional median
Gross margin 67.78% 65.16% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 6.18% 17.05% 18.66%
Free cash flow margin 0.00% 23.16% 21.18%
Return on equity 7.08% 10.59% 10.64%
Return on assets 1.73% 1.05% 1.13%
Return on invested capital 8.33% 66.51% 8.33%

Growth

Metric BMA TCBI Banks Regional median
Revenue growth (TTM) 13.93% 13.49% 6.61%
EPS growth (last fiscal year) (44.54%) 430.47% —
Revenue growth, 5-year CAGR 10.36% 9.98% 12.30%
Net income growth, 5-year CAGR (9.01%) 40.81% 9.71%

Health

Metric BMA TCBI Banks Regional median
Debt to equity 0.26 0.14 0.22
Current ratio 1.10 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BMA TCBI Banks Regional median
Dividend yield 4.02% — 3.75%
Payout ratio 0.26 0.00 0.27

Size

Metric BMA TCBI Banks Regional median
Market cap 4.46b 4.11b 921.07m

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