ConnectOne Bancorp, Inc. (CNOB) vs Esquire Financial Holdings, Inc. (ESQ)

ConnectOne Bancorp, Inc. and Esquire Financial Holdings, Inc. are both Banks Regional companies. ConnectOne Bancorp, Inc. and Esquire Financial Holdings, Inc. are of similar size ($1.5B and $1.4B). ConnectOne Bancorp, Inc. trades at the lower P/E: 9.9× against 18.4×. ConnectOne Bancorp, Inc. grew revenue faster over the last twelve months: 44.6% against 20.0%. Esquire Financial Holdings, Inc. has the higher net margin (29.3% vs 19.4%) and the higher return on invested capital (61.2% vs 6.33%). Both pay a dividend; ConnectOne Bancorp, Inc. yields more (2.46% vs 0.65%). Across the 19 metrics below, Esquire Financial Holdings, Inc. leads on 10 and ConnectOne Bancorp, Inc. on 9.

Valuation

Metric CNOB ESQ Banks Regional median
P/E 9.95 18.43 11.98
P/S 1.93 5.47 2.34
P/B 1.01 3.13 1.19
Price to free cash flow 11.97 15.30 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 10.05% 5.43% 8.23%
Free cash flow yield 8.36% 6.54% 9.08%

Profitability

Metric CNOB ESQ Banks Regional median
Gross margin 59.53% 88.70% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.41% 29.30% 18.66%
Free cash flow margin 16.13% 35.75% 21.11%
Return on equity 10.59% 18.26% 10.65%
Return on assets 1.08% 2.31% 1.13%
Return on invested capital 6.33% 61.15% 8.35%

Growth

Metric CNOB ESQ Banks Regional median
Revenue growth (TTM) 44.64% 19.99% 6.98%
EPS growth (last fiscal year) (7.39%) 14.20% 18.88%
Revenue growth, 5-year CAGR 16.08% 25.29% 12.38%
Net income growth, 5-year CAGR 0.91% 32.13% 9.71%

Health

Metric CNOB ESQ Banks Regional median
Debt to equity 0.56 0.00 0.22
Current ratio 1.04 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CNOB ESQ Banks Regional median
Dividend yield 2.46% 0.65% 2.57%
Payout ratio 0.25 0.13 0.30

Size

Metric CNOB ESQ Banks Regional median
Market cap 1.53b 1.44b 913.33m

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