Bank of Hawaii Corporation (BOH) vs Provident Financial Services, Inc (PFS)

Bank of Hawaii Corporation and Provident Financial Services, Inc are both Banks Regional companies. Bank of Hawaii Corporation and Provident Financial Services, Inc are of similar size ($3.0B and $2.8B). Provident Financial Services, Inc trades at the lower P/E: 9.5× against 13.3×. Provident Financial Services, Inc grew revenue faster over the last twelve months: 3.72% against 2.71%. Provident Financial Services, Inc has the higher net margin (22.2% vs 19.9%) and the lower return on invested capital (4.85% vs 9.78%). Both pay a dividend; Provident Financial Services, Inc yields more (6.41% vs 4.59%). Across the 20 metrics below, Provident Financial Services, Inc leads on 15 and Bank of Hawaii Corporation on 5.

Valuation

Metric BOH PFS Banks Regional median
P/E 13.26 9.52 12.15
P/S 2.63 2.11 2.37
P/B 1.85 1.02 1.21
Price to free cash flow 13.86 8.43 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.68 3.98 2.27
Earnings yield 7.54% 10.51% 8.11%
Free cash flow yield 7.22% 11.86% 8.98%

Profitability

Metric BOH PFS Banks Regional median
Gross margin 70.63% 64.26% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.89% 22.15% 18.66%
Free cash flow margin 18.97% 25.01% 21.18%
Return on equity 14.64% 11.14% 10.64%
Return on assets 0.90% 1.25% 1.13%
Return on invested capital 9.78% 4.85% 8.33%

Growth

Metric BOH PFS Banks Regional median
Revenue growth (TTM) 2.71% 3.72% 6.61%
EPS growth (last fiscal year) 33.82% 112.38% —
Revenue growth, 5-year CAGR 7.86% 25.98% 12.30%
Net income growth, 5-year CAGR 3.74% 24.60% 9.71%

Health

Metric BOH PFS Banks Regional median
Debt to equity 0.27 0.99 0.22
Current ratio 0.70 1.03 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BOH PFS Banks Regional median
Dividend yield 4.59% 6.41% 3.75%
Payout ratio 0.56 0.43 0.27

Size

Metric BOH PFS Banks Regional median
Market cap 2.81b 2.96b 921.07m

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