CF Bankshares Inc. (CFBK) vs First Internet Bancorp (INBK)

CF Bankshares Inc. and First Internet Bancorp are both Banks Regional companies. CF Bankshares Inc. and First Internet Bancorp are of similar size ($226.6M and $217.9M). First Internet Bancorp has negative trailing earnings, so its P/E is not meaningful; CF Bankshares Inc. trades at 11.5×. CF Bankshares Inc. grew revenue faster over the last twelve months: −0.37% against −9.20%. CF Bankshares Inc. has the higher net margin (14.8% vs −9.77%) and the higher return on invested capital (25.6% vs −9.59%). Both pay a dividend; CF Bankshares Inc. yields more (1.07% vs 0.94%). Across the 18 metrics below, CF Bankshares Inc. leads on 11 and First Internet Bancorp on 7.

Valuation

Metric CFBK INBK Banks Regional median
P/E 11.50 n/m 11.98
P/S 1.70 0.70 2.34
P/B 1.09 0.62 1.19
Price to free cash flow 11.88 1.40 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.70% (13.99%) 8.23%
Free cash flow yield 8.42% 71.19% 9.08%

Profitability

Metric CFBK INBK Banks Regional median
Gross margin 50.12% 40.91% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 14.75% (9.77%) 18.66%
Free cash flow margin 14.30% 49.69% 21.11%
Return on equity 9.92% (8.34%) 10.65%
Return on assets 0.86% (0.54%) 1.13%
Return on invested capital 25.60% (9.59%) 8.35%

Growth

Metric CFBK INBK Banks Regional median
Revenue growth (TTM) (0.37%) (9.20%) 6.98%
EPS growth (last fiscal year) 30.58% (239.93%) 18.88%
Revenue growth, 5-year CAGR 4.23% 13.27% 12.38%
Net income growth, 5-year CAGR (9.06%) 0.00% 9.71%

Health

Metric CFBK INBK Banks Regional median
Debt to equity 0.59 0.95 0.22
Current ratio 1.14 0.88 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CFBK INBK Banks Regional median
Dividend yield 1.07% 0.94% 2.57%
Payout ratio 0.12 — 0.30

Size

Metric CFBK INBK Banks Regional median
Market cap 217.88m 226.55m 913.33m

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