Popular, Inc. (BPOP) vs SouthState Bank Corporation (SSB)

Popular, Inc. and SouthState Bank Corporation are both Banks Regional companies. Popular, Inc. and SouthState Bank Corporation are of similar size ($10.2B and $9.9B). SouthState Bank Corporation trades at the lower P/E: 10.7× against 10.8×. SouthState Bank Corporation grew revenue faster over the last twelve months: 23.3% against 3.83%. SouthState Bank Corporation has the higher net margin (25.1% vs 21.3%) and the lower return on invested capital (10.5% vs 48.2%). Both pay a dividend; SouthState Bank Corporation yields more (2.62% vs 2.52%). Across the 20 metrics below, SouthState Bank Corporation leads on 13 and Popular, Inc. on 7.

Valuation

Metric BPOP SSB Banks Regional median
P/E 10.84 10.71 12.15
P/S 2.26 2.63 2.37
P/B 1.60 1.09 1.21
Price to free cash flow 12.70 9.86 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.17 2.12 2.27
Earnings yield 9.23% 9.34% 8.11%
Free cash flow yield 7.87% 10.14% 8.98%

Profitability

Metric BPOP SSB Banks Regional median
Gross margin 73.90% 71.82% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 21.34% 25.09% 18.66%
Free cash flow margin 17.82% 26.69% 21.18%
Return on equity 15.68% 10.60% 10.64%
Return on assets 1.25% 1.41% 1.13%
Return on invested capital 48.20% 10.48% 8.33%

Growth

Metric BPOP SSB Banks Regional median
Revenue growth (TTM) 3.83% 23.34% 6.61%
EPS growth (last fiscal year) 43.69% 12.91% —
Revenue growth, 5-year CAGR 11.27% 25.20% 12.30%
Net income growth, 5-year CAGR 10.50% 45.94% 9.71%

Health

Metric BPOP SSB Banks Regional median
Debt to equity 0.00 0.06 0.22
Current ratio 0.61 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BPOP SSB Banks Regional median
Dividend yield 2.52% 2.62% 3.75%
Payout ratio 0.16 0.28 0.27

Size

Metric BPOP SSB Banks Regional median
Market cap 10.18b 9.88b 921.07m

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