Colony Bankcorp, Inc. (CBAN) vs First Bank (FRBA)

Colony Bankcorp, Inc. and First Bank are both Banks Regional companies. Colony Bankcorp, Inc. and First Bank are of similar size ($440.1M and $435.4M). First Bank trades at the lower P/E: 10.3× against 12.5×. Colony Bankcorp, Inc. grew revenue faster over the last twelve months: 16.3% against 2.77%. First Bank has the higher net margin (17.5% vs 15.4%) and the higher return on invested capital (9.34% vs 6.15%). Both pay a dividend; Colony Bankcorp, Inc. yields more (3.95% vs 1.78%). Across the 20 metrics below, First Bank leads on 14 and Colony Bankcorp, Inc. on 6.

Valuation

Metric CBAN FRBA Banks Regional median
P/E 12.53 10.35 12.15
P/S 2.06 1.82 2.37
P/B 1.12 0.98 1.21
Price to free cash flow 19.25 8.74 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.41 1.51 2.27
Earnings yield 7.98% 9.66% 8.11%
Free cash flow yield 5.19% 11.44% 8.98%

Profitability

Metric CBAN FRBA Banks Regional median
Gross margin 71.44% 61.42% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.42% 17.45% 18.66%
Free cash flow margin 10.71% 20.80% 21.18%
Return on equity 9.57% 9.72% 10.64%
Return on assets 0.97% 1.05% 1.13%
Return on invested capital 6.15% 9.34% 8.33%

Growth

Metric CBAN FRBA Banks Regional median
Revenue growth (TTM) 16.31% 2.77% 6.61%
EPS growth (last fiscal year) 16.91% 4.19% —
Revenue growth, 5-year CAGR 16.84% 20.80% 12.30%
Net income growth, 5-year CAGR 19.05% 17.55% 9.71%

Health

Metric CBAN FRBA Banks Regional median
Debt to equity 0.60 0.61 0.22
Current ratio 0.88 1.11 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CBAN FRBA Banks Regional median
Dividend yield 3.95% 1.78% 3.75%
Payout ratio 0.36 0.14 0.27

Size

Metric CBAN FRBA Banks Regional median
Market cap 440.12m 435.42m 921.07m

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