Bank of Marin Bancorp (BMRC) vs First Bank (FRBA)

Bank of Marin Bancorp and First Bank are both Banks Regional companies. Bank of Marin Bancorp and First Bank are of similar size ($449.9M and $435.4M). Bank of Marin Bancorp has negative trailing earnings, so its P/E is not meaningful; First Bank trades at 10.3×. First Bank grew revenue faster over the last twelve months: 2.77% against −20.5%. First Bank has the higher net margin (17.5% vs −13.1%) and the higher return on invested capital (9.34% vs −9.12%). Both pay a dividend; Bank of Marin Bancorp yields more (5.81% vs 1.78%). Across the 19 metrics below, First Bank leads on 16 and Bank of Marin Bancorp on 3.

Valuation

Metric BMRC FRBA Banks Regional median
P/E n/m 10.35 12.15
P/S 4.08 1.82 2.37
P/B 1.12 0.98 1.21
Price to free cash flow 11.62 8.74 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.92 1.51 2.27
Earnings yield (3.26%) 9.66% 8.11%
Free cash flow yield 8.61% 11.44% 8.98%

Profitability

Metric BMRC FRBA Banks Regional median
Gross margin 56.00% 61.42% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (13.07%) 17.45% 18.66%
Free cash flow margin 35.12% 20.80% 21.18%
Return on equity (3.41%) 9.72% 10.64%
Return on assets (0.38%) 1.05% 1.13%
Return on invested capital (9.12%) 9.34% 8.33%

Growth

Metric BMRC FRBA Banks Regional median
Revenue growth (TTM) (20.46%) 2.77% 6.61%
EPS growth (last fiscal year) (330.77%) 4.19% —
Revenue growth, 5-year CAGR (6.87%) 20.80% 12.30%
Net income growth, 5-year CAGR 0.00% 17.55% 9.71%

Health

Metric BMRC FRBA Banks Regional median
Debt to equity 0.11 0.61 0.22
Current ratio 0.72 1.11 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BMRC FRBA Banks Regional median
Dividend yield 5.81% 1.78% 3.75%
Payout ratio 0.41 0.14 0.27

Size

Metric BMRC FRBA Banks Regional median
Market cap 449.88m 435.42m 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack