Customers Bancorp, Inc (CUBI) vs First Merchants Corporation (FRME)

Customers Bancorp, Inc and First Merchants Corporation are both Banks Regional companies. Customers Bancorp, Inc and First Merchants Corporation are of similar size ($2.6B and $2.5B). Customers Bancorp, Inc trades at the lower P/E: 9.1× against 13.0×. Customers Bancorp, Inc grew revenue faster over the last twelve months: 16.0% against 3.18%. Customers Bancorp, Inc has the higher net margin (18.6% vs 16.9%) and the higher return on invested capital (91.5% vs 3.59%). Across the 19 metrics below, Customers Bancorp, Inc leads on 15 and First Merchants Corporation on 4.

Valuation

Metric CUBI FRME Banks Regional median
P/E 9.08 13.01 12.15
P/S 1.70 2.33 2.37
P/B 1.18 0.95 1.21
Price to free cash flow 7.10 8.05 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.43 3.14 2.27
Earnings yield 11.02% 7.69% 8.11%
Free cash flow yield 14.08% 12.42% 8.98%

Profitability

Metric CUBI FRME Banks Regional median
Gross margin 60.32% 63.41% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 18.64% 16.88% 18.66%
Free cash flow margin 23.99% 28.88% 21.18%
Return on equity 14.30% 7.37% 10.64%
Return on assets 1.16% 0.92% 1.13%
Return on invested capital 91.51% 3.59% 8.33%

Growth

Metric CUBI FRME Banks Regional median
Revenue growth (TTM) 15.97% 3.18% 6.61%
EPS growth (last fiscal year) 22.99% 13.78% —
Revenue growth, 5-year CAGR 18.65% 13.50% 12.30%
Net income growth, 5-year CAGR 12.03% 8.57% 9.71%

Health

Metric CUBI FRME Banks Regional median
Debt to equity 1.01 0.56 0.22
Current ratio 1.00 0.95 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CUBI FRME Banks Regional median
Dividend yield — 4.14% 3.75%
Payout ratio 0.00 0.30 0.27

Size

Metric CUBI FRME Banks Regional median
Market cap 2.60b 2.54b 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack