Community Trust Bancorp, Inc. (CTBI) vs Heritage Financial Corporation (HFWA)

Community Trust Bancorp, Inc. and Heritage Financial Corporation are both Banks Regional companies. Community Trust Bancorp, Inc. and Heritage Financial Corporation are of similar size ($1.3B and $1.2B). Community Trust Bancorp, Inc. trades at the lower P/E: 11.6× against 14.1×. Heritage Financial Corporation grew revenue faster over the last twelve months: 21.5% against 7.76%. Community Trust Bancorp, Inc. has the higher net margin (25.6% vs 19.2%) and the higher return on invested capital (19.6% vs 5.47%). Both pay a dividend; Heritage Financial Corporation yields more (3.43% vs 2.29%). Across the 19 metrics below, Community Trust Bancorp, Inc. leads on 13 and Heritage Financial Corporation on 6.

Valuation

Metric CTBI HFWA Banks Regional median
P/E 11.58 14.08 12.02
P/S 2.96 2.89 2.36
P/B 1.40 1.07 1.23
Price to free cash flow 9.53 14.48 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.64% 7.10% 8.21%
Free cash flow yield 10.49% 6.90% 9.23%

Profitability

Metric CTBI HFWA Banks Regional median
Gross margin 70.72% 78.21% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 25.55% 19.23% 18.82%
Free cash flow margin 31.09% 0.00% 17.97%
Return on equity 12.72% 7.79% 10.28%
Return on assets 1.61% 1.00% 1.13%
Return on invested capital 19.63% 5.47% 8.45%

Growth

Metric CTBI HFWA Banks Regional median
Revenue growth (TTM) 7.76% 21.51% 6.37%
EPS growth (last fiscal year) 17.79% 58.06% 18.85%
Revenue growth, 5-year CAGR 12.12% 5.96% 12.65%
Net income growth, 5-year CAGR 10.51% 7.72% 9.81%

Health

Metric CTBI HFWA Banks Regional median
Debt to equity 0.08 0.13 0.17
Current ratio 0.94 0.83 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CTBI HFWA Banks Regional median
Dividend yield 2.29% 3.43% 2.49%
Payout ratio 0.27 0.49 0.29

Size

Metric CTBI HFWA Banks Regional median
Market cap 1.26b 1.16b 934.85m

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