First Commonwealth Financial Corporation (FCF) vs OceanFirst Financial Corp. (OCFC)

First Commonwealth Financial Corporation and OceanFirst Financial Corp. are both Banks Regional companies. First Commonwealth Financial Corporation is the larger, with a market value of $2.0B against $1.8B — 1.1× the size. First Commonwealth Financial Corporation trades at the lower P/E: 12.8× against 21.6×. OceanFirst Financial Corp. grew revenue faster over the last twelve months: 10.5% against 4.13%. First Commonwealth Financial Corporation has the higher net margin (23.1% vs 6.38%) and the higher return on invested capital (8.93% vs 1.77%). Both pay a dividend; First Commonwealth Financial Corporation yields more (3.27% vs 3.26%). Across the 19 metrics below, First Commonwealth Financial Corporation leads on 11 and OceanFirst Financial Corp. on 8.

Valuation

Metric FCF OCFC Banks Regional median
P/E 12.85 21.62 12.02
P/S 2.86 1.72 2.36
P/B 1.36 0.54 1.23
Price to free cash flow 11.95 11.35 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.78% 4.62% 8.21%
Free cash flow yield 8.37% 8.81% 9.23%

Profitability

Metric FCF OCFC Banks Regional median
Gross margin 74.28% 58.89% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 23.06% 6.38% 18.82%
Free cash flow margin 0.00% 15.15% 17.97%
Return on equity 0.00% 2.36% 10.28%
Return on assets 1.40% 0.26% 1.13%
Return on invested capital 8.93% 1.77% 8.45%

Growth

Metric FCF OCFC Banks Regional median
Revenue growth (TTM) 4.13% 10.49% 6.37%
EPS growth (last fiscal year) 5.76% (29.09%) 18.85%
Revenue growth, 5-year CAGR 13.02% 8.66% 12.65%
Net income growth, 5-year CAGR 15.70% 1.86% 9.81%

Health

Metric FCF OCFC Banks Regional median
Debt to equity 0.08 0.97 0.17
Current ratio 0.92 0.92 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCF OCFC Banks Regional median
Dividend yield 3.27% 3.26% 2.49%
Payout ratio 0.41 0.71 0.29

Size

Metric FCF OCFC Banks Regional median
Market cap 2.04b 1.84b 934.85m

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