First BanCorp. (FBP) vs Texas Capital Bancshares, Inc. (TCBI)

First BanCorp. and Texas Capital Bancshares, Inc. are both Banks Regional companies. First BanCorp. and Texas Capital Bancshares, Inc. are of similar size ($4.1B and $4.1B). First BanCorp. trades at the lower P/E: 11.3× against 12.3×. Texas Capital Bancshares, Inc. grew revenue faster over the last twelve months: 13.5% against 2.66%. First BanCorp. has the higher net margin (29.2% vs 17.1%) and the lower return on invested capital (17.3% vs 66.5%). Across the 19 metrics below, Texas Capital Bancshares, Inc. leads on 11 and First BanCorp. on 8.

Valuation

Metric FBP TCBI Banks Regional median
P/E 11.32 12.32 12.15
P/S 3.26 2.05 2.37
P/B 2.10 1.25 1.21
Price to free cash flow 9.40 7.11 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.98 0.48 2.27
Earnings yield 8.83% 8.12% 8.11%
Free cash flow yield 10.64% 14.07% 8.98%

Profitability

Metric FBP TCBI Banks Regional median
Gross margin 80.79% 65.16% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 29.24% 17.05% 18.66%
Free cash flow margin 34.68% 23.16% 21.18%
Return on equity 19.49% 10.59% 10.64%
Return on assets 1.95% 1.05% 1.13%
Return on invested capital 17.33% 66.51% 8.33%

Growth

Metric FBP TCBI Banks Regional median
Revenue growth (TTM) 2.66% 13.49% 6.61%
EPS growth (last fiscal year) 18.78% 430.47% —
Revenue growth, 5-year CAGR 9.31% 9.98% 12.30%
Net income growth, 5-year CAGR 28.20% 40.81% 9.71%

Health

Metric FBP TCBI Banks Regional median
Debt to equity 0.10 0.14 0.22
Current ratio 0.80 1.00 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FBP TCBI Banks Regional median
Dividend yield 3.42% — 3.75%
Payout ratio 0.33 0.00 0.27

Size

Metric FBP TCBI Banks Regional median
Market cap 4.09b 4.11b 921.07m

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