Capitol Federal Financial (CFFN) vs Horizon Bancorp (IN) (HBNC)

Capitol Federal Financial and Horizon Bancorp (IN) are both Banks Regional companies. Capitol Federal Financial and Horizon Bancorp (IN) are of similar size ($1.0B and $992.5M). Horizon Bancorp (IN) has negative trailing earnings, so its P/E is not meaningful; Capitol Federal Financial trades at 12.6×. Capitol Federal Financial grew revenue faster over the last twelve months: 7.53% against −74.2%. Capitol Federal Financial has the higher net margin (18.7% vs −149.0%) and the higher return on invested capital (2.54% vs −17.9%). Both pay a dividend; Capitol Federal Financial yields more (4.16% vs 3.29%). Across the 18 metrics below, Capitol Federal Financial leads on 14 and Horizon Bancorp (IN) on 4.

Valuation

Metric CFFN HBNC Banks Regional median
P/E 12.57 n/m 11.98
P/S 2.29 10.28 2.34
P/B 0.99 1.37 1.19
Price to free cash flow 14.16 10.57 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.96% (16.24%) 8.23%
Free cash flow yield 7.06% 9.46% 9.08%

Profitability

Metric CFFN HBNC Banks Regional median
Gross margin 51.74% (13.47%) 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 18.67% (148.95%) 18.66%
Free cash flow margin 16.14% 97.31% 21.11%
Return on equity 8.00% (18.98%) 10.65%
Return on assets 0.85% (2.02%) 1.13%
Return on invested capital 2.54% (17.93%) 8.35%

Growth

Metric CFFN HBNC Banks Regional median
Revenue growth (TTM) 7.53% (74.21%) 6.98%
EPS growth (last fiscal year) 79.31% (493.75%) 18.88%
Revenue growth, 5-year CAGR 5.30% (16.35%) 12.38%
Net income growth, 5-year CAGR 1.03% 0.00% 9.71%

Health

Metric CFFN HBNC Banks Regional median
Debt to equity 1.60 0.22 0.22
Current ratio 1.20 0.92 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CFFN HBNC Banks Regional median
Dividend yield 4.16% 3.29% 2.57%
Payout ratio 0.52 — 0.30

Size

Metric CFFN HBNC Banks Regional median
Market cap 1.04b 992.49m 913.33m

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