First Busey Corporation (BUSE) vs Customers Bancorp, Inc (CUBI)

First Busey Corporation and Customers Bancorp, Inc are both Banks Regional companies. First Busey Corporation and Customers Bancorp, Inc are of similar size ($2.6B and $2.5B). Customers Bancorp, Inc trades at the lower P/E: 9.1× against 12.4×. First Busey Corporation grew revenue faster over the last twelve months: 34.6% against 16.0%. First Busey Corporation has the higher net margin (19.3% vs 18.6%) and the lower return on invested capital (9.57% vs 91.5%). Across the 19 metrics below, Customers Bancorp, Inc leads on 14 and First Busey Corporation on 5.

Valuation

Metric BUSE CUBI Banks Regional median
P/E 12.43 9.08 12.15
P/S 2.31 1.70 2.37
P/B 1.07 1.18 1.21
Price to free cash flow 12.12 7.10 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.93 0.43 2.27
Earnings yield 8.04% 11.02% 8.11%
Free cash flow yield 8.25% 14.08% 8.98%

Profitability

Metric BUSE CUBI Banks Regional median
Gross margin 71.78% 60.32% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.28% 18.64% 18.66%
Free cash flow margin 19.07% 23.99% 21.18%
Return on equity 8.85% 14.30% 10.64%
Return on assets 1.14% 1.16% 1.13%
Return on invested capital 9.57% 91.51% 8.33%

Growth

Metric BUSE CUBI Banks Regional median
Revenue growth (TTM) 34.58% 15.97% 6.61%
EPS growth (last fiscal year) (25.76%) 22.99% —
Revenue growth, 5-year CAGR 18.60% 18.65% 12.30%
Net income growth, 5-year CAGR 4.56% 12.03% 9.71%

Health

Metric BUSE CUBI Banks Regional median
Debt to equity 0.11 1.01 0.22
Current ratio 0.90 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BUSE CUBI Banks Regional median
Dividend yield 4.24% — 3.75%
Payout ratio 0.39 0.00 0.27

Size

Metric BUSE CUBI Banks Regional median
Market cap 2.48b 2.60b 921.07m

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