Cathay General Bancorp (CATY) vs First Financial Bankshares, Inc. (FFIN)

Cathay General Bancorp and First Financial Bankshares, Inc. are both Banks Regional companies. Cathay General Bancorp and First Financial Bankshares, Inc. are of similar size ($4.4B and $4.2B). Cathay General Bancorp trades at the lower P/E: 11.8× against 15.1×. First Financial Bankshares, Inc. grew revenue faster over the last twelve months: 7.86% against 5.21%. First Financial Bankshares, Inc. has the higher net margin (33.2% vs 25.3%) and the lower return on invested capital (16.4% vs 18.0%). Both pay a dividend; First Financial Bankshares, Inc. yields more (2.67% vs 2.31%). Across the 19 metrics below, Cathay General Bancorp leads on 11 and First Financial Bankshares, Inc. on 8.

Valuation

Metric CATY FFIN Banks Regional median
P/E 11.78 15.13 12.02
P/S 2.96 5.02 2.36
P/B 1.40 2.40 1.23
Price to free cash flow 7.99 13.19 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.49% 6.61% 8.21%
Free cash flow yield 12.51% 7.58% 9.23%

Profitability

Metric CATY FFIN Banks Regional median
Gross margin 63.47% 77.30% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 25.32% 33.16% 18.82%
Free cash flow margin 0.00% 40.24% 17.97%
Return on equity 0.00% 15.89% 10.28%
Return on assets 1.47% 1.94% 1.13%
Return on invested capital 18.00% 16.38% 8.45%

Growth

Metric CATY FFIN Banks Regional median
Revenue growth (TTM) 5.21% 7.86% 6.37%
EPS growth (last fiscal year) 14.94% 13.46% 18.85%
Revenue growth, 5-year CAGR 13.25% 10.57% 12.65%
Net income growth, 5-year CAGR 6.61% 4.65% 9.81%

Health

Metric CATY FFIN Banks Regional median
Debt to equity 0.09 0.00 0.17
Current ratio 1.04 0.67 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CATY FFIN Banks Regional median
Dividend yield 2.31% 2.67% 2.49%
Payout ratio 0.27 0.40 0.29

Size

Metric CATY FFIN Banks Regional median
Market cap 4.24b 4.40b 934.85m

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