First Citizens BancShares, Inc. (FCNCA) vs KeyCorp (KEY)

First Citizens BancShares, Inc. and KeyCorp are both Banks Regional companies. First Citizens BancShares, Inc. and KeyCorp are of similar size ($22.9B and $21.6B). First Citizens BancShares, Inc. trades at the lower P/E: 11.2× against 11.9×. KeyCorp grew revenue faster over the last twelve months: 19.3% against −1.26%. KeyCorp has the higher net margin (16.9% vs 15.7%) and the higher return on invested capital (10.2% vs 7.30%). Both pay a dividend; KeyCorp yields more (5.92% vs 0.35%). Across the 20 metrics below, First Citizens BancShares, Inc. leads on 10 and KeyCorp on 10.

Valuation

Metric FCNCA KEY Banks Regional median
P/E 11.18 11.91 12.15
P/S 1.67 1.97 2.37
P/B 1.20 1.28 1.21
Price to free cash flow 9.64 18.34 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.27 1.61 2.27
Earnings yield 8.95% 8.40% 8.11%
Free cash flow yield 10.38% 5.45% 8.98%

Profitability

Metric FCNCA KEY Banks Regional median
Gross margin 66.51% 69.59% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 15.69% 16.87% 18.66%
Free cash flow margin 17.31% 10.75% 21.18%
Return on equity 10.92% 11.01% 10.64%
Return on assets 0.97% 1.00% 1.13%
Return on invested capital 7.30% 10.17% 8.33%

Growth

Metric FCNCA KEY Banks Regional median
Revenue growth (TTM) (1.26%) 19.29% 6.61%
EPS growth (last fiscal year) (12.76%) 575.00% —
Revenue growth, 5-year CAGR 49.21% 8.88% 12.30%
Net income growth, 5-year CAGR 35.07% 6.39% 9.71%

Health

Metric FCNCA KEY Banks Regional median
Debt to equity 1.46 0.55 0.22
Current ratio 1.00 0.84 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FCNCA KEY Banks Regional median
Dividend yield 0.35% 5.92% 3.75%
Payout ratio 0.00 0.54 0.27

Size

Metric FCNCA KEY Banks Regional median
Market cap 22.89b 21.61b 921.07m

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