Civista Bancshares, Inc. (CIVB) vs First Business Financial Services, Inc. (FBIZ)

Civista Bancshares, Inc. and First Business Financial Services, Inc. are both Banks Regional companies. Civista Bancshares, Inc. and First Business Financial Services, Inc. are of similar size ($587.5M and $568.8M). Civista Bancshares, Inc. trades at the lower P/E: 10.0× against 10.8×. First Business Financial Services, Inc. grew revenue faster over the last twelve months: 6.56% against 4.71%. Civista Bancshares, Inc. has the higher net margin (20.7% vs 18.6%) and the lower return on invested capital (5.57% vs 7.15%). Both pay a dividend; Civista Bancshares, Inc. yields more (3.99% vs 2.69%). Across the 19 metrics below, First Business Financial Services, Inc. leads on 11 and Civista Bancshares, Inc. on 8.

Valuation

Metric CIVB FBIZ Banks Regional median
P/E 10.02 10.75 12.15
P/S 2.14 2.01 2.37
P/B 0.99 1.51 1.21
Price to free cash flow 9.81 7.15 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.79 2.65 2.27
Earnings yield 9.98% 9.30% 8.11%
Free cash flow yield 10.20% 13.98% 8.98%

Profitability

Metric CIVB FBIZ Banks Regional median
Gross margin 70.94% 61.75% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 20.73% 18.64% 18.66%
Free cash flow margin 21.86% 28.12% 21.18%
Return on equity 11.16% 14.99% 10.64%
Return on assets 1.28% 1.28% 1.13%
Return on invested capital 5.57% 7.15% 8.33%

Growth

Metric CIVB FBIZ Banks Regional median
Revenue growth (TTM) 4.71% 6.56% 6.61%
EPS growth (last fiscal year) 31.34% 14.23% —
Revenue growth, 5-year CAGR 14.77% 18.18% 12.30%
Net income growth, 5-year CAGR 7.49% 23.98% 9.71%

Health

Metric CIVB FBIZ Banks Regional median
Debt to equity 0.41 0.88 0.22
Current ratio 0.95 1.06 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CIVB FBIZ Banks Regional median
Dividend yield 3.99% 2.69% 3.75%
Payout ratio 0.19 0.19 0.27

Size

Metric CIVB FBIZ Banks Regional median
Market cap 568.81m 587.46m 921.07m

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