Community Trust Bancorp, Inc. (CTBI) vs Westamerica Bancorporation (WABC)

Community Trust Bancorp, Inc. and Westamerica Bancorporation are both Banks Regional companies. Community Trust Bancorp, Inc. and Westamerica Bancorporation are of similar size ($1.4B and $1.4B). Community Trust Bancorp, Inc. trades at the lower P/E: 12.6× against 13.4×. Community Trust Bancorp, Inc. grew revenue faster over the last twelve months: 7.76% against −8.51%. Westamerica Bancorporation has the higher net margin (41.7% vs 25.6%) and the lower return on invested capital (13.6% vs 19.6%). Both pay a dividend; Community Trust Bancorp, Inc. yields more (4.65% vs 3.95%). Across the 20 metrics below, Community Trust Bancorp, Inc. leads on 16 and Westamerica Bancorporation on 4.

Valuation

Metric CTBI WABC Banks Regional median
P/E 12.61 13.36 12.15
P/S 3.23 5.32 2.37
P/B 1.53 1.66 1.21
Price to free cash flow 10.39 13.02 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.17 4.68 2.27
Earnings yield 7.93% 7.48% 8.11%
Free cash flow yield 9.63% 7.68% 8.98%

Profitability

Metric CTBI WABC Banks Regional median
Gross margin 70.72% 94.83% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 25.55% 41.71% 18.66%
Free cash flow margin 31.09% 40.89% 21.18%
Return on equity 12.72% 12.49% 10.64%
Return on assets 1.61% 1.91% 1.13%
Return on invested capital 19.63% 13.63% 8.33%

Growth

Metric CTBI WABC Banks Regional median
Revenue growth (TTM) 7.76% (8.51%) 6.61%
EPS growth (last fiscal year) 17.79% (13.08%) —
Revenue growth, 5-year CAGR 12.12% 5.14% 12.30%
Net income growth, 5-year CAGR 10.51% 7.64% 9.71%

Health

Metric CTBI WABC Banks Regional median
Debt to equity 0.08 0.15 0.22
Current ratio 0.94 0.20 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CTBI WABC Banks Regional median
Dividend yield 4.65% 3.95% 3.75%
Payout ratio 0.39 0.29 0.27

Size

Metric CTBI WABC Banks Regional median
Market cap 1.37b 1.38b 921.07m

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