First Commonwealth Financial Corporation (FCF) vs 1st Source Corporation (SRCE)

First Commonwealth Financial Corporation and 1st Source Corporation are both Banks Regional companies. First Commonwealth Financial Corporation and 1st Source Corporation are of similar size ($2.1B and $2.1B). 1st Source Corporation trades at the lower P/E: 12.4× against 12.8×. First Commonwealth Financial Corporation grew revenue faster over the last twelve months: 5.18% against 4.21%. 1st Source Corporation has the higher net margin (27.8% vs 22.6%) and the higher return on invested capital (10.5% vs 8.76%). Both pay a dividend; First Commonwealth Financial Corporation yields more (4.04% vs 2.70%). Across the 20 metrics below, 1st Source Corporation leads on 13 and First Commonwealth Financial Corporation on 7.

Valuation

Metric FCF SRCE Banks Regional median
P/E 12.79 12.37 12.15
P/S 2.85 3.41 2.37
P/B 1.35 1.53 1.21
Price to free cash flow 11.90 9.61 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.78 3.35 2.27
Earnings yield 7.82% 8.08% 8.11%
Free cash flow yield 8.40% 10.41% 8.98%

Profitability

Metric FCF SRCE Banks Regional median
Gross margin 73.47% 74.40% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.62% 27.81% 18.66%
Free cash flow margin 23.97% 35.44% 21.18%
Return on equity 10.91% 12.97% 10.64%
Return on assets 1.38% 1.84% 1.13%
Return on invested capital 8.76% 10.48% 8.33%

Growth

Metric FCF SRCE Banks Regional median
Revenue growth (TTM) 5.18% 4.21% 6.61%
EPS growth (last fiscal year) 5.76% 19.59% —
Revenue growth, 5-year CAGR 13.02% 10.34% 12.30%
Net income growth, 5-year CAGR 15.70% 14.16% 9.71%

Health

Metric FCF SRCE Banks Regional median
Debt to equity 0.08 0.07 0.22
Current ratio 0.92 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCF SRCE Banks Regional median
Dividend yield 4.04% 2.70% 3.75%
Payout ratio 0.33 0.25 0.27

Size

Metric FCF SRCE Banks Regional median
Market cap 2.12b 2.06b 921.07m

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