Bank of Hawaii Corporation (BOH) vs First Bancorp (FBNC)

Bank of Hawaii Corporation and First Bancorp are both Banks Regional companies. Bank of Hawaii Corporation and First Bancorp are of similar size ($2.7B and $2.5B). Bank of Hawaii Corporation trades at the lower P/E: 12.4× against 18.7×. First Bancorp grew revenue faster over the last twelve months: 4.32% against 2.71%. First Bancorp has the higher net margin (23.1% vs 19.9%) and the lower return on invested capital (8.32% vs 9.78%). Both pay a dividend; Bank of Hawaii Corporation yields more (4.16% vs 1.57%). Across the 19 metrics below, First Bancorp leads on 13 and Bank of Hawaii Corporation on 6.

Valuation

Metric BOH FBNC Banks Regional median
P/E 12.43 18.75 11.98
P/S 2.46 4.33 2.34
P/B 1.74 1.45 1.19
Price to free cash flow 12.99 10.61 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.05% 5.33% 8.23%
Free cash flow yield 7.70% 9.42% 9.08%

Profitability

Metric BOH FBNC Banks Regional median
Gross margin 70.63% 73.64% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.89% 23.08% 18.66%
Free cash flow margin 18.97% 40.76% 21.11%
Return on equity 14.64% 8.11% 10.65%
Return on assets 0.90% 1.03% 1.13%
Return on invested capital 9.78% 8.32% 8.35%

Growth

Metric BOH FBNC Banks Regional median
Revenue growth (TTM) 2.71% 4.32% 6.98%
EPS growth (last fiscal year) 33.82% 45.65% 18.88%
Revenue growth, 5-year CAGR 7.86% 11.48% 12.38%
Net income growth, 5-year CAGR 3.74% 6.37% 9.71%

Health

Metric BOH FBNC Banks Regional median
Debt to equity 0.27 0.04 0.22
Current ratio 0.70 0.85 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BOH FBNC Banks Regional median
Dividend yield 4.16% 1.57% 2.57%
Payout ratio 0.52 0.30 0.30

Size

Metric BOH FBNC Banks Regional median
Market cap 2.65b 2.50b 913.33m

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