ConnectOne Bancorp, Inc. (CNOB) vs Lakeland Financial Corporation (LKFN)

ConnectOne Bancorp, Inc. and Lakeland Financial Corporation are both Banks Regional companies. ConnectOne Bancorp, Inc. and Lakeland Financial Corporation are of similar size ($1.5B and $1.4B). ConnectOne Bancorp, Inc. trades at the lower P/E: 9.9× against 13.3×. ConnectOne Bancorp, Inc. grew revenue faster over the last twelve months: 44.6% against 1.83%. Lakeland Financial Corporation has the higher net margin (26.0% vs 19.4%) and the higher return on invested capital (14.6% vs 6.33%). Both pay a dividend; Lakeland Financial Corporation yields more (4.45% vs 2.46%). Across the 19 metrics below, Lakeland Financial Corporation leads on 10 and ConnectOne Bancorp, Inc. on 9.

Valuation

Metric CNOB LKFN Banks Regional median
P/E 9.95 13.27 11.98
P/S 1.93 3.40 2.34
P/B 1.01 1.88 1.19
Price to free cash flow 11.97 13.02 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 10.05% 7.53% 8.23%
Free cash flow yield 8.36% 7.68% 9.08%

Profitability

Metric CNOB LKFN Banks Regional median
Gross margin 59.53% 65.42% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 19.41% 26.04% 18.66%
Free cash flow margin 16.13% 26.15% 21.11%
Return on equity 10.59% 15.00% 10.65%
Return on assets 1.08% 1.57% 1.13%
Return on invested capital 6.33% 14.61% 8.35%

Growth

Metric CNOB LKFN Banks Regional median
Revenue growth (TTM) 44.64% 1.83% 6.98%
EPS growth (last fiscal year) (7.39%) 10.47% 18.88%
Revenue growth, 5-year CAGR 16.08% 11.94% 12.38%
Net income growth, 5-year CAGR 0.91% 4.15% 9.71%

Health

Metric CNOB LKFN Banks Regional median
Debt to equity 0.56 0.00 0.22
Current ratio 1.04 0.90 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CNOB LKFN Banks Regional median
Dividend yield 2.46% 4.45% 2.57%
Payout ratio 0.25 0.59 0.30

Size

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

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