Bank of Marin Bancorp (BMRC) vs USCB Financial Holdings, Inc. (USCB)

Bank of Marin Bancorp and USCB Financial Holdings, Inc. are both Banks Regional companies. Bank of Marin Bancorp and USCB Financial Holdings, Inc. are of similar size ($427.4M and $412.5M). Bank of Marin Bancorp has negative trailing earnings, so its P/E is not meaningful; USCB Financial Holdings, Inc. trades at 14.5×. USCB Financial Holdings, Inc. grew revenue faster over the last twelve months: 4.72% against −20.5%. USCB Financial Holdings, Inc. has the higher net margin (18.1% vs −13.1%) and the higher return on invested capital (6.24% vs −9.12%). Both pay a dividend; Bank of Marin Bancorp yields more (3.79% vs 2.13%). Across the 18 metrics below, USCB Financial Holdings, Inc. leads on 14 and Bank of Marin Bancorp on 4.

Valuation

Metric BMRC USCB Banks Regional median
P/E n/m 14.51 11.98
P/S 3.86 2.58 2.34
P/B 1.06 1.76 1.19
Price to free cash flow 10.99 8.35 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (3.45%) 6.89% 8.23%
Free cash flow yield 9.10% 11.97% 9.08%

Profitability

Metric BMRC USCB Banks Regional median
Gross margin 56.00% 61.02% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin (13.07%) 18.05% 18.66%
Free cash flow margin 35.12% 30.84% 21.11%
Return on equity (3.41%) 12.36% 10.65%
Return on assets (0.38%) 1.00% 1.13%
Return on invested capital (9.12%) 6.24% 8.35%

Growth

Metric BMRC USCB Banks Regional median
Revenue growth (TTM) (20.46%) 4.72% 6.98%
EPS growth (last fiscal year) (330.77%) 7.26% 18.88%
Revenue growth, 5-year CAGR (6.87%) 20.96% 12.38%
Net income growth, 5-year CAGR 0.00% 27.68% 9.71%

Health

Metric BMRC USCB Banks Regional median
Debt to equity 0.11 1.20 0.22
Current ratio 0.72 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BMRC USCB Banks Regional median
Dividend yield 3.79% 2.13% 2.57%
Payout ratio — 0.31 0.30

Size

Metric BMRC USCB Banks Regional median
Market cap 427.36m 412.53m 913.33m

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