Citizens & Northern Corp (CZNC) vs RBB Bancorp (RBB)

Citizens & Northern Corp and RBB Bancorp are both Banks Regional companies. Citizens & Northern Corp and RBB Bancorp are of similar size ($457.0M and $447.4M). RBB Bancorp trades at the lower P/E: 10.8× against 17.4×. Citizens & Northern Corp grew revenue faster over the last twelve months: 19.0% against 3.04%. RBB Bancorp has the higher net margin (17.3% vs 13.2%) and the higher return on invested capital (6.37% vs 4.65%). Both pay a dividend; Citizens & Northern Corp yields more (6.04% vs 3.72%). Across the 20 metrics below, RBB Bancorp leads on 12 and Citizens & Northern Corp on 8.

Valuation

Metric CZNC RBB Banks Regional median
P/E 17.42 10.85 12.15
P/S 2.39 1.87 2.37
P/B 1.32 0.84 1.21
Price to free cash flow 10.20 8.30 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.77 1.92 2.27
Earnings yield 5.74% 9.22% 8.11%
Free cash flow yield 9.80% 12.05% 8.98%

Profitability

Metric CZNC RBB Banks Regional median
Gross margin 74.65% 54.87% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 13.23% 17.26% 18.66%
Free cash flow margin 23.45% 23.01% 21.18%
Return on equity 7.99% 7.93% 10.64%
Return on assets 0.88% 1.00% 1.13%
Return on invested capital 4.65% 6.37% 8.33%

Growth

Metric CZNC RBB Banks Regional median
Revenue growth (TTM) 19.01% 3.04% 6.61%
EPS growth (last fiscal year) (13.61%) 24.49% —
Revenue growth, 5-year CAGR 10.84% 9.22% 12.30%
Net income growth, 5-year CAGR 4.00% (0.60%) 9.71%

Health

Metric CZNC RBB Banks Regional median
Debt to equity 0.45 0.55 0.22
Current ratio 0.91 1.07 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CZNC RBB Banks Regional median
Dividend yield 6.04% 3.72% 3.75%
Payout ratio 0.53 0.20 0.27

Size

Metric CZNC RBB Banks Regional median
Market cap 456.98m 447.43m 921.07m

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