Cathay General Bancorp (CATY) vs International Bancshares Corporation (IBOC)

Cathay General Bancorp and International Bancshares Corporation are both Banks Regional companies. Cathay General Bancorp and International Bancshares Corporation are of similar size ($4.3B and $4.1B). International Bancshares Corporation trades at the lower P/E: 10.5× against 11.9×. Cathay General Bancorp grew revenue faster over the last twelve months: 2.47% against 2.08%. International Bancshares Corporation has the higher net margin (38.8% vs 24.7%) and the lower return on invested capital (10.8% vs 14.8%). Both pay a dividend; Cathay General Bancorp yields more (3.52% vs 2.39%). Across the 20 metrics below, Cathay General Bancorp leads on 10 and International Bancshares Corporation on 10.

Valuation

Metric CATY IBOC Banks Regional median
P/E 11.93 10.53 12.15
P/S 2.92 4.09 2.37
P/B 1.35 1.29 1.21
Price to free cash flow 7.71 9.60 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.07 3.77 2.27
Earnings yield 8.38% 9.49% 8.11%
Free cash flow yield 12.97% 10.41% 8.98%

Profitability

Metric CATY IBOC Banks Regional median
Gross margin 61.82% 80.72% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 24.66% 38.83% 18.66%
Free cash flow margin 37.94% 42.55% 21.18%
Return on equity 11.71% 12.92% 10.64%
Return on assets 1.44% 2.47% 1.13%
Return on invested capital 14.82% 10.76% 8.33%

Growth

Metric CATY IBOC Banks Regional median
Revenue growth (TTM) 2.47% 2.08% 6.61%
EPS growth (last fiscal year) 14.94% 0.76% —
Revenue growth, 5-year CAGR 13.25% 12.83% 12.30%
Net income growth, 5-year CAGR 6.61% 19.77% 9.71%

Health

Metric CATY IBOC Banks Regional median
Debt to equity 0.04 0.04 0.22
Current ratio 1.04 0.77 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CATY IBOC Banks Regional median
Dividend yield 3.52% 2.39% 3.75%
Payout ratio 0.26 0.20 0.27

Size

Metric CATY IBOC Banks Regional median
Market cap 4.08b 4.32b 921.07m

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