City Holding Company (CHCO) vs 1st Source Corporation (SRCE)

City Holding Company and 1st Source Corporation are both Banks Regional companies. City Holding Company and 1st Source Corporation are of similar size ($2.1B and $2.0B). 1st Source Corporation trades at the lower P/E: 12.4× against 15.5×. 1st Source Corporation grew revenue faster over the last twelve months: 4.21% against 3.37%. City Holding Company has the higher net margin (32.8% vs 27.8%) and the higher return on invested capital (14.8% vs 10.5%). Both pay a dividend; City Holding Company yields more (2.85% vs 2.70%). Across the 20 metrics below, 1st Source Corporation leads on 14 and City Holding Company on 6.

Valuation

Metric CHCO SRCE Banks Regional median
P/E 15.52 12.37 12.15
P/S 4.95 3.41 2.37
P/B 2.46 1.53 1.21
Price to free cash flow 14.25 9.61 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.66 3.35 2.27
Earnings yield 6.44% 8.08% 8.11%
Free cash flow yield 7.02% 10.41% 8.98%

Profitability

Metric CHCO SRCE Banks Regional median
Gross margin 80.00% 74.40% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 32.75% 27.81% 18.66%
Free cash flow margin 34.74% 35.44% 21.18%
Return on equity 16.76% 12.97% 10.64%
Return on assets 1.97% 1.84% 1.13%
Return on invested capital 14.81% 10.48% 8.33%

Growth

Metric CHCO SRCE Banks Regional median
Revenue growth (TTM) 3.37% 4.21% 6.61%
EPS growth (last fiscal year) 13.18% 19.59% —
Revenue growth, 5-year CAGR 8.86% 10.34% 12.30%
Net income growth, 5-year CAGR 7.81% 14.16% 9.71%

Health

Metric CHCO SRCE Banks Regional median
Debt to equity 0.19 0.07 0.22
Current ratio 0.83 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CHCO SRCE Banks Regional median
Dividend yield 2.85% 2.70% 3.75%
Payout ratio 0.33 0.25 0.27

Size

Metric CHCO SRCE Banks Regional median
Market cap 1.97b 2.06b 921.07m

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