Cathay General Bancorp (CATY) vs Fulton Financial Corporation (FULT)

Cathay General Bancorp and Fulton Financial Corporation are both Banks Regional companies. Cathay General Bancorp and Fulton Financial Corporation are of similar size ($4.5B and $4.2B). Fulton Financial Corporation trades at the lower P/E: 11.0× against 11.8×. Cathay General Bancorp grew revenue faster over the last twelve months: 5.21% against 3.07%. Cathay General Bancorp has the higher net margin (25.3% vs 20.6%) and the higher return on invested capital (18.0% vs 13.5%). Both pay a dividend; Fulton Financial Corporation yields more (3.19% vs 2.31%). Across the 17 metrics below, Fulton Financial Corporation leads on 10 and Cathay General Bancorp on 7.

Valuation

Metric CATY FULT Banks Regional median
P/E 11.78 11.04 12.02
P/S 2.96 2.32 2.36
P/B 1.40 1.25 1.23
Price to free cash flow 7.99 11.03 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.49% 9.06% 8.21%
Free cash flow yield 12.51% 9.07% 9.23%

Profitability

Metric CATY FULT Banks Regional median
Gross margin 63.47% 71.40% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 25.32% 20.55% 18.82%
Free cash flow margin 0.00% 0.00% 17.97%
Return on equity 0.00% 0.00% 10.28%
Return on assets 1.47% 1.21% 1.13%
Return on invested capital 18.00% 13.51% 8.45%

Growth

Metric CATY FULT Banks Regional median
Revenue growth (TTM) 5.21% 3.07% 6.37%
EPS growth (last fiscal year) 14.94% 32.48% 18.85%
Revenue growth, 5-year CAGR 13.25% 14.26% 12.65%
Net income growth, 5-year CAGR 6.61% 16.74% 9.81%

Health

Metric CATY FULT Banks Regional median
Debt to equity 0.09 0.00 0.17
Current ratio 1.04 0.90 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CATY FULT Banks Regional median
Dividend yield 2.31% 3.19% 2.49%
Payout ratio 0.27 0.35 0.29

Size

Metric CATY FULT Banks Regional median
Market cap 4.24b 4.54b 934.85m

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