Eastern Bankshares, Inc. (EBC) vs First Financial Bankshares, Inc. (FFIN)

Eastern Bankshares, Inc. and First Financial Bankshares, Inc. are both Banks Regional companies. Eastern Bankshares, Inc. and First Financial Bankshares, Inc. are of similar size ($4.9B and $4.6B). Eastern Bankshares, Inc. trades at the lower P/E: 12.2× against 17.3×. Eastern Bankshares, Inc. grew revenue faster over the last twelve months: 56.0% against 9.46%. First Financial Bankshares, Inc. has the higher net margin (31.0% vs 25.1%) and the higher return on invested capital (14.5% vs 5.72%). Both pay a dividend; Eastern Bankshares, Inc. yields more (3.27% vs 2.39%). Across the 20 metrics below, Eastern Bankshares, Inc. leads on 12 and First Financial Bankshares, Inc. on 8.

Valuation

Metric EBC FFIN Banks Regional median
P/E 12.19 17.26 12.15
P/S 3.13 5.36 2.37
P/B 1.09 2.33 1.21
Price to free cash flow 12.15 14.20 10.80
EV/EBITDA n/m n/m —
EV/Sales 3.20 4.69 2.27
Earnings yield 8.20% 5.79% 8.11%
Free cash flow yield 8.23% 7.04% 8.98%

Profitability

Metric EBC FFIN Banks Regional median
Gross margin 74.99% 76.77% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 25.12% 31.03% 18.66%
Free cash flow margin 25.74% 37.76% 21.18%
Return on equity 9.44% 14.41% 10.64%
Return on assets 1.33% 1.81% 1.13%
Return on invested capital 5.72% 14.47% 8.33%

Growth

Metric EBC FFIN Banks Regional median
Revenue growth (TTM) 56.04% 9.46% 6.61%
EPS growth (last fiscal year) (34.85%) 13.46% —
Revenue growth, 5-year CAGR 12.33% 10.57% 12.30%
Net income growth, 5-year CAGR 31.15% 4.65% 9.71%

Health

Metric EBC FFIN Banks Regional median
Debt to equity 0.09 0.00 0.22
Current ratio 0.90 0.67 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric EBC FFIN Banks Regional median
Dividend yield 3.27% 2.39% 3.75%
Payout ratio 0.33 0.45 0.27

Size

Metric EBC FFIN Banks Regional median
Market cap 4.87b 4.61b 921.07m

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