FB Bancorp, Inc. (FBLA) vs First National Corp. (FXNC)

FB Bancorp, Inc. and First National Corp. are both Banks Regional companies. FB Bancorp, Inc. and First National Corp. are of similar size ($267.9M and $259.3M). FB Bancorp, Inc. has negative trailing earnings, so its P/E is not meaningful; First National Corp. trades at 12.2×. FB Bancorp, Inc. grew revenue faster over the last twelve months: 26.6% against 7.66%. First National Corp. has the higher net margin (18.4% vs −0.39%) and the higher return on invested capital (37.4% vs 0.53%). Across the 16 metrics below, First National Corp. leads on 9 and FB Bancorp, Inc. on 7.

Valuation

Metric FBLA FXNC Banks Regional median
P/E n/m 12.19 12.15
P/S 3.39 2.26 2.37
P/B 0.86 1.37 1.21
Price to free cash flow 6.35 9.51 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.30 1.00 2.27
Earnings yield (0.06%) 8.20% 8.11%
Free cash flow yield 15.75% 10.52% 8.98%

Profitability

Metric FBLA FXNC Banks Regional median
Gross margin 74.02% 79.28% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (0.39%) 18.43% 18.66%
Free cash flow margin 33.10% 23.75% 21.18%
Return on equity (0.09%) 11.81% 10.64%
Return on assets (0.02%) 1.05% 1.13%
Return on invested capital 0.53% 37.41% 8.33%

Growth

Metric FBLA FXNC Banks Regional median
Revenue growth (TTM) 26.60% 7.66% 6.61%
EPS growth (last fiscal year) 104.02% 96.00% —
Revenue growth, 5-year CAGR — 23.17% 12.30%
Net income growth, 5-year CAGR — 14.85% 9.71%

Health

Metric FBLA FXNC Banks Regional median
Debt to equity 0.39 0.09 0.22
Current ratio 0.97 0.88 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FBLA FXNC Banks Regional median
Dividend yield — 3.11% 3.75%
Payout ratio — 0.22 0.27

Size

Metric FBLA FXNC Banks Regional median
Market cap 259.32m 267.93m 921.07m

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