Commercial Bancgroup, Inc. (CBK) vs First Bank (FRBA)

Commercial Bancgroup, Inc. and First Bank are both Banks Regional companies. Commercial Bancgroup, Inc. and First Bank are of similar size ($435.8M and $435.4M). First Bank trades at the lower P/E: 10.3× against 10.9×. Commercial Bancgroup, Inc. has the higher net margin (30.3% vs 17.5%) and the higher return on invested capital (14.9% vs 9.34%). Across the 16 metrics below, Commercial Bancgroup, Inc. leads on 8 and First Bank on 8.

Valuation

Metric CBK FRBA Banks Regional median
P/E 10.92 10.35 12.15
P/S 3.38 1.82 2.37
P/B 1.45 0.98 1.21
Price to free cash flow 11.32 8.74 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.63 1.51 2.27
Earnings yield 9.16% 9.66% 8.11%
Free cash flow yield 8.84% 11.44% 8.98%

Profitability

Metric CBK FRBA Banks Regional median
Gross margin 71.89% 61.42% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 30.25% 17.45% 18.66%
Free cash flow margin 29.86% 20.80% 21.18%
Return on equity 15.05% 9.72% 10.64%
Return on assets 3.31% 1.05% 1.13%
Return on invested capital 14.93% 9.34% 8.33%

Growth

Metric CBK FRBA Banks Regional median
Revenue growth (TTM) — 2.77% 6.61%
EPS growth (last fiscal year) 13.97% 4.19% —
Revenue growth, 5-year CAGR — 20.80% 12.30%
Net income growth, 5-year CAGR — 17.55% 9.71%

Health

Metric CBK FRBA Banks Regional median
Debt to equity 0.24 0.61 0.22
Current ratio 1.06 1.11 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CBK FRBA Banks Regional median
Dividend yield — 1.78% 3.75%
Payout ratio — 0.14 0.27

Size

Metric CBK FRBA Banks Regional median
Market cap 435.84m 435.42m 921.07m

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