First Community Bancshares, Inc. (FCBC) vs Farmers National Banc Corp. (FMNB)

First Community Bancshares, Inc. and Farmers National Banc Corp. are both Banks Regional companies. First Community Bancshares, Inc. and Farmers National Banc Corp. are of similar size ($908.9M and $896.9M). Farmers National Banc Corp. trades at the lower P/E: 10.5× against 15.0×. Farmers National Banc Corp. grew revenue faster over the last twelve months: 16.8% against 10.9%. First Community Bancshares, Inc. has the higher net margin (28.8% vs 20.5%) and the lower return on invested capital (0.00% vs 6.96%). Both pay a dividend; Farmers National Banc Corp. yields more (4.96% vs 3.52%). Across the 20 metrics below, Farmers National Banc Corp. leads on 11 and First Community Bancshares, Inc. on 9.

Valuation

Metric FCBC FMNB Banks Regional median
P/E 14.97 10.50 12.15
P/S 4.38 2.81 2.37
P/B 1.67 1.16 1.21
Price to free cash flow 20.39 14.78 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.50 2.60 2.27
Earnings yield 6.68% 9.53% 8.11%
Free cash flow yield 4.91% 6.77% 8.98%

Profitability

Metric FCBC FMNB Banks Regional median
Gross margin 91.46% 69.08% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 28.84% 20.52% 18.66%
Free cash flow margin 21.46% 19.04% 21.18%
Return on equity 11.38% 10.87% 10.64%
Return on assets 1.75% 1.08% 1.13%
Return on invested capital 0.00% 6.96% 8.33%

Growth

Metric FCBC FMNB Banks Regional median
Revenue growth (TTM) 10.93% 16.75% 6.61%
EPS growth (last fiscal year) (5.36%) 18.85% —
Revenue growth, 5-year CAGR 5.21% 13.52% 12.30%
Net income growth, 5-year CAGR 6.31% 5.44% 9.71%

Health

Metric FCBC FMNB Banks Regional median
Debt to equity 0.00 0.12 0.22
Current ratio 1.00 0.79 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCBC FMNB Banks Regional median
Dividend yield 3.52% 4.96% 3.75%
Payout ratio 0.41 0.47 0.27

Size

Metric FCBC FMNB Banks Regional median
Market cap 896.92m 908.86m 921.07m

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