First Community Bancshares, Inc. (FCBC) vs Hanmi Financial Corporation (HAFC)

First Community Bancshares, Inc. and Hanmi Financial Corporation are both Banks Regional companies. First Community Bancshares, Inc. and Hanmi Financial Corporation are of similar size ($917.4M and $911.3M). Hanmi Financial Corporation trades at the lower P/E: 10.4× against 15.3×. First Community Bancshares, Inc. grew revenue faster over the last twelve months: 10.9% against 4.20%. First Community Bancshares, Inc. has the higher net margin (28.8% vs 19.8%) and the lower return on invested capital (0.00% vs 11.3%). Both pay a dividend; Hanmi Financial Corporation yields more (3.57% vs 2.58%). Across the 19 metrics below, Hanmi Financial Corporation leads on 12 and First Community Bancshares, Inc. on 7.

Valuation

Metric FCBC HAFC Banks Regional median
P/E 15.35 10.40 11.98
P/S 4.48 2.04 2.34
P/B 1.71 1.13 1.19
Price to free cash flow 20.89 4.37 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.52% 9.61% 8.23%
Free cash flow yield 4.79% 22.89% 9.08%

Profitability

Metric FCBC HAFC Banks Regional median
Gross margin 91.46% 63.45% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 28.84% 19.80% 18.66%
Free cash flow margin 21.46% 46.60% 21.11%
Return on equity 11.38% 11.33% 10.65%
Return on assets 1.75% 1.13% 1.13%
Return on invested capital 0.00% 11.28% 8.35%

Growth

Metric FCBC HAFC Banks Regional median
Revenue growth (TTM) 10.93% 4.20% 6.98%
EPS growth (last fiscal year) (5.36%) 22.44% 18.88%
Revenue growth, 5-year CAGR 5.21% 10.75% 12.38%
Net income growth, 5-year CAGR 6.31% 12.51% 9.71%

Health

Metric FCBC HAFC Banks Regional median
Debt to equity 0.00 0.25 0.22
Current ratio 1.00 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCBC HAFC Banks Regional median
Dividend yield 2.58% 3.57% 2.57%
Payout ratio 0.40 0.37 0.30

Size

Metric FCBC HAFC Banks Regional median
Market cap 911.29m 917.35m 913.33m

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