ChoiceOne Financial Services, Inc. (COFS) vs Northpointe Bancshares, Inc. (NPB)

ChoiceOne Financial Services, Inc. and Northpointe Bancshares, Inc. are both Banks Regional companies. ChoiceOne Financial Services, Inc. and Northpointe Bancshares, Inc. are of similar size ($549.2M and $548.6M). Northpointe Bancshares, Inc. trades at the lower P/E: 6.8× against 10.1×. ChoiceOne Financial Services, Inc. grew revenue faster over the last twelve months: 35.1% against 19.7%. ChoiceOne Financial Services, Inc. has the higher net margin (22.8% vs 16.1%) and the higher return on invested capital (5.66% vs 4.38%). Both pay a dividend; ChoiceOne Financial Services, Inc. yields more (3.16% vs 0.66%). Across the 17 metrics below, Northpointe Bancshares, Inc. leads on 9 and ChoiceOne Financial Services, Inc. on 8.

Valuation

Metric COFS NPB Banks Regional median
P/E 10.10 6.77 12.02
P/S 2.29 1.09 2.36
P/B 1.14 0.90 1.23
Price to free cash flow 10.53 5.38 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.90% 14.76% 8.21%
Free cash flow yield 9.50% 18.57% 9.23%

Profitability

Metric COFS NPB Banks Regional median
Gross margin 71.49% 50.82% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.77% 16.10% 18.82%
Free cash flow margin 21.74% 20.29% 17.97%
Return on equity 11.97% 13.41% 10.28%
Return on assets 1.25% 1.17% 1.13%
Return on invested capital 5.66% 4.38% 8.45%

Growth

Metric COFS NPB Banks Regional median
Revenue growth (TTM) 35.07% 19.68% 6.37%
EPS growth (last fiscal year) (38.15%) 15.30% 18.85%
Revenue growth, 5-year CAGR 23.76% — 12.65%
Net income growth, 5-year CAGR 12.53% — 9.81%

Health

Metric COFS NPB Banks Regional median
Debt to equity 0.71 2.66 0.17
Current ratio 0.87 1.40 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric COFS NPB Banks Regional median
Dividend yield 3.16% 0.66% 2.49%
Payout ratio 0.32 0.05 0.29

Size

Metric COFS NPB Banks Regional median
Market cap 548.56m 549.16m 934.85m

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