FB Bancorp, Inc. (FBLA) vs Richmond Mutual Bancorporation, Inc. (RMBI)

FB Bancorp, Inc. and Richmond Mutual Bancorporation, Inc. are both Banks Regional companies. FB Bancorp, Inc. and Richmond Mutual Bancorporation, Inc. are of similar size ($259.3M and $255.2M). FB Bancorp, Inc. has negative trailing earnings, so its P/E is not meaningful; Richmond Mutual Bancorporation, Inc. trades at 12.3×. FB Bancorp, Inc. grew revenue faster over the last twelve months: 26.6% against 5.17%. Richmond Mutual Bancorporation, Inc. has the higher net margin (13.0% vs −0.39%) and the higher return on invested capital (9.16% vs 0.53%). Across the 16 metrics below, FB Bancorp, Inc. leads on 8 and Richmond Mutual Bancorporation, Inc. on 8.

Valuation

Metric FBLA RMBI Banks Regional median
P/E n/m 12.31 12.15
P/S 3.39 1.60 2.37
P/B 0.86 1.00 1.21
Price to free cash flow 6.35 10.90 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.30 1.19 2.27
Earnings yield (0.06%) 8.13% 8.11%
Free cash flow yield 15.75% 9.18% 8.98%

Profitability

Metric FBLA RMBI Banks Regional median
Gross margin 74.02% 56.30% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (0.39%) 13.00% 18.66%
Free cash flow margin 33.10% 14.68% 21.18%
Return on equity (0.09%) 8.57% 10.64%
Return on assets (0.02%) 0.79% 1.13%
Return on invested capital 0.53% 9.16% 8.33%

Growth

Metric FBLA RMBI Banks Regional median
Revenue growth (TTM) 26.60% 5.17% 6.61%
EPS growth (last fiscal year) 104.02% 27.17% —
Revenue growth, 5-year CAGR — 12.87% 12.30%
Net income growth, 5-year CAGR — 2.94% 9.71%

Health

Metric FBLA RMBI Banks Regional median
Debt to equity 0.39 0.00 0.22
Current ratio 0.97 0.90 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FBLA RMBI Banks Regional median
Dividend yield — 5.47% 3.75%
Payout ratio — 0.43 0.27

Size

Metric FBLA RMBI Banks Regional median
Market cap 259.32m 255.24m 921.07m

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