Bankwell Financial Group, Inc. (BWFG) vs Northpointe Bancshares, Inc. (NPB)

Bankwell Financial Group, Inc. and Northpointe Bancshares, Inc. are both Banks Regional companies. Bankwell Financial Group, Inc. and Northpointe Bancshares, Inc. are of similar size ($530.8M and $526.2M). Northpointe Bancshares, Inc. trades at the lower P/E: 6.5× against 12.3×. Northpointe Bancshares, Inc. grew revenue faster over the last twelve months: 19.7% against 8.89%. Bankwell Financial Group, Inc. has the higher net margin (19.5% vs 16.1%) and the higher return on invested capital (16.6% vs 4.38%). Across the 17 metrics below, Northpointe Bancshares, Inc. leads on 9 and Bankwell Financial Group, Inc. on 8.

Valuation

Metric BWFG NPB Banks Regional median
P/E 12.29 6.54 12.15
P/S 2.41 1.05 2.37
P/B 1.61 0.87 1.21
Price to free cash flow 15.14 5.20 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.93 3.21 2.27
Earnings yield 8.14% 15.29% 8.11%
Free cash flow yield 6.61% 19.24% 8.98%

Profitability

Metric BWFG NPB Banks Regional median
Gross margin 56.27% 50.82% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.53% 16.10% 18.66%
Free cash flow margin 15.94% 20.29% 21.18%
Return on equity 13.93% 13.41% 10.64%
Return on assets 1.26% 1.17% 1.13%
Return on invested capital 16.59% 4.38% 8.33%

Growth

Metric BWFG NPB Banks Regional median
Revenue growth (TTM) 8.89% 19.68% 6.61%
EPS growth (last fiscal year) 280.34% 15.30% —
Revenue growth, 5-year CAGR 20.91% — 12.30%
Net income growth, 5-year CAGR 43.03% — 9.71%

Health

Metric BWFG NPB Banks Regional median
Debt to equity 0.31 2.66 0.22
Current ratio 1.03 1.40 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BWFG NPB Banks Regional median
Dividend yield 3.19% — 3.75%
Payout ratio 0.18 — 0.27

Size

Metric BWFG NPB Banks Regional median
Market cap 526.15m 530.83m 921.07m

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