Bankwell Financial Group, Inc. (BWFG) vs Northrim BanCorp Inc (NRIM)

Bankwell Financial Group, Inc. and Northrim BanCorp Inc are both Banks Regional companies. Bankwell Financial Group, Inc. and Northrim BanCorp Inc are of similar size ($544.4M and $526.2M). Northrim BanCorp Inc trades at the lower P/E: 8.1× against 12.3×. Northrim BanCorp Inc grew revenue faster over the last twelve months: 18.6% against 8.89%. Northrim BanCorp Inc has the higher net margin (26.0% vs 19.5%) and the higher return on invested capital (22.7% vs 16.6%). Both pay a dividend; Northrim BanCorp Inc yields more (5.14% vs 3.19%). Across the 20 metrics below, Northrim BanCorp Inc leads on 16 and Bankwell Financial Group, Inc. on 4.

Valuation

Metric BWFG NRIM Banks Regional median
P/E 12.29 8.06 12.15
P/S 2.41 2.11 2.37
P/B 1.61 1.60 1.21
Price to free cash flow 15.14 3.00 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.93 1.72 2.27
Earnings yield 8.14% 12.41% 8.11%
Free cash flow yield 6.61% 33.33% 8.98%

Profitability

Metric BWFG NRIM Banks Regional median
Gross margin 56.27% 84.21% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.53% 26.03% 18.66%
Free cash flow margin 15.94% 70.70% 21.18%
Return on equity 13.93% 21.49% 10.64%
Return on assets 1.26% 2.06% 1.13%
Return on invested capital 16.59% 22.73% 8.33%

Growth

Metric BWFG NRIM Banks Regional median
Revenue growth (TTM) 8.89% 18.64% 6.61%
EPS growth (last fiscal year) 280.34% 73.41% —
Revenue growth, 5-year CAGR 20.91% 12.79% 12.30%
Net income growth, 5-year CAGR 43.03% 14.46% 9.71%

Health

Metric BWFG NRIM Banks Regional median
Debt to equity 0.31 0.23 0.22
Current ratio 1.03 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BWFG NRIM Banks Regional median
Dividend yield 3.19% 5.14% 3.75%
Payout ratio 0.18 0.43 0.27

Size

Metric BWFG NRIM Banks Regional median
Market cap 526.15m 544.42m 921.07m

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